North America has the largest market for automotive occupant sensing system, followed by Europe and Asia-Pacific. The U.S. and Japan are the largest market for automotive occupant sensing system technology globally. North America is expected to maintain its dominance in the forecasted period, where Europe is expected to show marginal growth. However, Asia-Pacific region is expected to witness highest growth in the forecasted period.
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Increasing number of deaths in road accident is accelerating demand for safety measures, increasing the global automotive occupant sensing system technology. Alabama’s Department of Public Safety in 2013, there were 367 traffic deaths. Additionally, safety regulations implied by the government agencies and increasing life expectancy is also driving the global automotive occupant sensing system technology in the developing countries such as India and China. Rising disposable income level have influence the individuals to invest more on safety features within the vehicle, further increasing the demand for automotive occupant sensing system. Also, increasing customer awareness about technological changes related to safety equipments within the vehicle may act as market drive in coming future.
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Customer’s willingness to spend more on safety equipments within the vehicle is prompting multinational companies to invest more in this market. Some of the major companies operating in the global automotive occupant sensing system market are Takata Corporation, Autoliv Inc., Robert Bosch (Germany) and Continental AG (Germany).
Key points covered in the report
- Report segments the market on the basis of types, application, products, technology, etc (as applicable)
- The report covers geographic segmentation
- North America
- The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
- The report provides company profiles of some of the leading companies operating in the market
- The report also provides porters five forces analysis of the market.
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