The global occupant classification system market is projected to grow at a CAGR of 6.7% to reach USD 2.8 billion by 2025 from an estimated USD 2.0 billion in 2020. Increasing the use of vehicle passive safety systems, increasing sales of mid-size and luxury vehicles, and increasing demand for energy-efficient electric vehicles to fuel the need for the occupant classification system (OCS).
The major market players include ZF (Germany), Aisin Seiki (Japan), TE Connectivity (Switzerland), Continental (Germany), Aptiv (Ireland), etc. These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to expand their presence in the global market. Companies and new product launches have helped the key players innovate their offerings and broaden their customer base.
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ZF (Germany) is a leading player in the global occupant classification system market. In April 2017, ZF expanded its footprints in Asia by opening a new engineering center in Shanghai, China. The center would aid the development of driveline and chassis systems technologies for many types of vehicles. Whereas In April 2017, ZF opened the company’s first technology center in Hyderabad, India. This new ZF India Technology Center (ITC) would focus on the development of advanced technologies for vehicle electrification, autonomous driving, and connected vehicles.
TE Connectivity (Switzerland) is one of the leading semiconductor players that offers occupant classification sensor solutions to its customers. In January 2017, TE expanded its NEPZ plant in Suzhou, China. The plant, which has a floor area of 45,000 m2, produces connectors, wire harnesses, junction boxes, and sensors for new energy vehicles. On the other hand, in January 2017, TE acquired Alpha Technics—a leading designer and manufacturer of high precision, medical temperature measurement products, and solutions. This acquisition adds Alpha Technics’ complementary temperature sensors and thermometry solutions into TE’s sensor product portfolio.
Aptiv (Ireland), In December 2017, announced the opening of a new technology center in Boston’s Seaport district. Technically proficient workforce, world-class universities, and government support imposed Aptiv to select Boston as a location.
Occupant Classification System (OCS) Market by Sensor (Pressure Sensor, Seat Belt Tension Sensor), Components (ACU, Sensors), Sensor Technology (Wired, Wireless), LDV Class (Economy, Mid-Size, Luxury), EV Type, and Region - Global Forecast to 2025
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