Occupant Classification Systems Market 2018 to 2026: Global Industry Size, Share, Growth, Trends and Forecast

1. Occupant Classification Systems Market Size, Share, Growth, Trends and Forecast 2018 to 2026 According to a new market research report published by Credence Research, the global occupant classification systems market was valued at US$ 1.94 Bn in 2017 and will be growing at a CAGR of 7.2% during the forecast period from 2018 to 2026. Market Insights The occupant classification systems market was valued at US$ 1.94 Bn in 2017 and expected to grow at a compounded annual growth rate (CAGR) of 7.2% during the forecast period from 2018 to 2026. One of the most prominent factors aiding the market growth can be attributed to the stringent vehicle safety norms being implemented across various countries. Car manufacturers across various countries in order to ensure passenger safety are adopting these systems. Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/occupant- classification-systems-market Occupant classification systems helps to identify the range of vehicle occupants in terms of if someone is tall or short or if someone is a baby or a child etc. The implementation of these systems in cars has impacted the manner in which airbags function. Occupant classification systems are being implemented by car manufacturers across the world in order

2. to understand such data. However, high price often acts as a restraining factor for market growth and impacts public acceptance negatively. In addition, lack of uniformity in vehicle safety regulations is another factor hindering the occupant classification systems market growth. Asia Pacific expected to remain as the most important market for investment throughout the forecast period. The region occupied a share of more than 30% of the overall market value in 2017. Moreover, in coming years, governments in countries such as China and India are expected to make vehicle safety regulation stringent, thereby influencing the occupant classification systems market growth in the region positively. Moreover, the fact that a large number of automobile manufacturers are headquartered in the region further expected to compliment the market growth for occupant classification systems. You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59324 The automobile industry in the Asia Pacific region has witnessed a rapid growth in recent years. Rise in net disposable income coupled with availability of affordable cars are two important factors supporting the aforementioned sentence. The demand for economy class vehicles in the region has been on the rise in recent years and China, India and South Asian countries are expected to offer significant growth opportunities for the occupant classification systems market in the coming years. Some of the major players operating in the occupant classification systems market include Bosch, ZF, IEE Sensing, TE Connectivity, Aptiv, Aisin Seiki, Continental, Denso, Nidec Corporation, Joyson Safety Systems and Calsonic Kansei Corporation among others. Blog Medium: https://medium.com/@kumarganeshtr/occupant- classification-systems-market-7-2-545b91fc26ee

3. Find more research reports on Automation & Transportation Industry, by Credence Research About Credence Research (Original Publisher) Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task. Media Contact Name: Chris Smith Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US Toll-Free (US/CANADA) Ph.: +1-800-361-8290 E-mail: sales@credenceresearch.com Website: http://www.credenceresearch.com