Occupant Sensing System Market Augmented by Vehicle Safety Mandates

The global occupant sensing market value stood at a size of $721.63 million in 2018, and the opportunities will increment at a CAGR of 7.61% over the forecast period 2019-2025.

Hyderabad, India - July 22, 2019 /MarketersMedia/ —

Lighting control is an ideal solution to cut energy costs and to satisfy the federal energy savings mandates, as occupant sending system (OSS) turns on and off the lights in a closed space with respect to the presence of an occupant. As the awareness grows and the technology becomes more affordable for larger masses, the global occupant sensing system market is poised for fruitful returns and shares according to a latest IndustryARC report. The report evaluates that the global occupant sensing market value stood at a size of $721.63 million in 2018, and the opportunities will increment at a CAGR of 7.61% over the forecast period 2019-2025. It is due to the federal agencies demand for an annual reduction in energy usage around 2.5% during the considered period 2015 – 2025.

The report is titled: “Occupant Sensing System (OSS) Market: By Vehicle Type (Passenger Vehicle, LCV, HCV); By Mount Location (Passenger Side OSS, Driver Side OSS); By Geography Forecast (2019-2025).” It comprises of information regarding the complete analysis of the competitive landscape, the market shares of the competitors, market trends, market demands, market drivers, market challenges, market size and product analysis, which helps the key market participants to understand the future of the occupant sensing system market. The report covers occupant sensing system Market Size by Product and applications, occupant sensing system market share by top 5 companies and also the market share by start-ups during the forecast period.

View Full Table of Contents of Occupant Sensing System (OSS) Market:

Global OSS Market: Demand Analysis
An occupant sensing system is one of the indoor motion detecting devices. It is also termed as vacancy sensor. PIR sensors, environmental sensors, ultrasonic sensors, keycard light slots, smart meters, and microwave sensors are some of the different occupancy sensor types available. Out of these, ultrasonic sensors, image processing sensors, and microwave sensors are widely used in lighting control. keycard light slots are useful in hotel energy management as it indicates the occupancy of a hotel room so that light a and thermostats get activated accordingly if occupied.

Global Occupant Sensing System (OSS) Market: Leading Segments
APAC held a dominating share of 34.27% in the global occupant sensing system market as of 2018. It is owing to the increasing sales of light commercial vehicles in emerging Asian countries such as China, India, Indonesia, and Taiwan. Implementation of some mandatory norms such as driver-side airbags and passenger front airbag with smart occupant sensors and anti-lock braking system in new cars has enhanced the cost-effective vehicle safety measures in India as it avoids the injury of a front-seat occupant in case of a collision.

The light commercial vehicle is the fastest growing application of OSS market, at a CAGR of 7.02% during the aforesaid forecast period. As these are the modern passenger cars which are highly adaptable in society today. According to the International Organization of Motor Vehicle Manufacturers, 23,846,003 commercial vehicles were produced in 2017 across the world. Light commercial vehicles production has increased from 18,825,876 to 19,387,815, it experienced a growth of 3.1% from 2016 to 2017.

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Global Occupant Sensing System (OSS) Market: Disruptive Trends
The increasing strict vehicular safety ruling the OSS market is set to witness an energetic growth in future passenger vehicles.
Widespread use of control device to control lighting systems in buildings, to sense the presence of a person in a given space, to heating or ventilation of the room when space is occupied by someone.
The seat occupancy sensor is a soft, and compliant sensor whose wide range application is to measure the spatial distribution of pressures in a car to optimize the classification of the passengers in an automobile.

Global Occupant Sensing System (OSS) Market: Competitive Landscape
Some of the major players which are holding a major share in the global occupant sensing system are Takata Corporation, AutolivInc, Robert Bosch GMBH, Continental AG, Delphi Automotive Plc., Hyundai Mobis Co., Lear Corporation, ZF Friedrichshafen AG, Key Safety Systems Inc., and Volvo AB.

Related Reports:

A. Occupancy Sensor Market

B. Sensor Market Tracker

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IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: +1-614-588-8538
Website: https://www.industryarc.com/Domain/3/automotive-market-research.html

Source URL: https://marketersmedia.com/occupant-sensing-system-market-augmented-by-vehicle-safety-mandates/88899737

Source: MarketersMedia

Release ID: 88899737

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