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Occupant Monitoring Systems Market

Occupant Monitoring Systems Market - Global Industry Trend Analysis 2015 to 2019 and Forecast 2020 - 2028

Occupant Monitoring Systems Market

Introduction

Occupant monitoring systems are in rising demand in commercial fleets of vehicles to detect unauthorized passengers inside vehicles. Integrators are also adopting occupant monitoring systems for passenger vehicles, where the technology finds common application pertaining to child detection and safety. Furthermore, advancements in autonomous vehicle technology are likely to make these systems mandatory.

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Occupant Monitoring Systems: Market Drivers

Interior monitoring systems help monitor and analyze driver and occupant behavior. Driver behavior monitoring helps safeguard passengers and enhance customer experience, while occupant monitoring systems help enterprises ensure passenger safety and protect themselves from unwarranted lawsuits. This factor is motivating fleet operators to integrate diver monitoring systems and occupant monitoring systems into their fleets, thus driving the global occupant monitoring systems market.

However, lack of monitoring skills and unavailability of professionals is diminishing the attractiveness of occupant monitoring systems. These factors are major challenges in the global market landscape as the unavailability of these skills renders the occupant monitoring systems ineffective when it comes to real time monitoring.

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Impact of Ongoing COVID-19 Pandemic on Occupant Monitoring Systems Market

The overall growth of the global occupant monitoring systems market is estimated to record a spike during the ongoing COVID-19 pandemic. Though the increase in adoption has little to do with the pandemic and more to do with the increasing focus of technology developers on research, development and innovation. Companies are taking this time-out to deploy technologies that ensure social distancing as national governments start lifting lockdowns. Companies are offering driver and occupant monitoring systems integrated with temperature sensors that monitor the temperatures of drivers and passengers. Deployment of such technologies is estimated to increase as citizens get accustomed to the ‘COVID way of life’.

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Occupant Monitoring Systems Market: Segmentation

vehicle type
  • Personal Vehicles
  • Commercial Passenger Fleets
    • Large Fleets
    • Small and Medium-sized Fleets
sales channel
  • Aftermarket
  • Original Equipment Manufacturers (OEMs)

 

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Occupant Monitoring Systems Market: Competition Landscape

Some of the key players participating in the global occupant monitoring systems market are Delphi Automotive LLP, Takata Corporation, Autoliv, Valeo, Continental AG, ZF Friedrichshafen AG, Lear Corporation, and Denso Corporation, among others.

Following are some key trends brought about by the leading market players –

  • Digital transformation is being observed among rental and leasing companies. Much of this revolution is happening behind the scenes, as these rental and leasing companies strategically get their back-office processes in order.
  • Technological advancements are bringing great value as Robotic Process Automation (RPA) reports high value in administrative processes. One instance of advantage is automated entry of high volume of vehicular data which would otherwise have to be manually entered by professionals.

Occupant Monitoring Systems Market: Regional overview

Among all the regional markets, occupant monitoring systems market in North America was the dominant in 2019 in terms of market value. The United States is estimated to be the most attractive in terms of continuous upgrades made to automotive technologies. Advancements in public safety LTE and 5G technology are also estimated to propel the adoption in North American market.

By 2022, European New Car Assessment Programme (Euro NCAP) plans to felicitate automobile brands that incorporate the use of occupant monitoring systems and driver monitoring systems into their automobile offerings. In the United States, the Association of Global Automakers and the Alliance of Automobile Manufacturers have voluntarily agreed to take measure to ensure the integration of child detection features in all vehicles by the end of 2025.

The Occupant Monitoring Systems market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on: 

  • Occupant Monitoring Systems Market Segments
  • Occupant Monitoring Systems Market Dynamics
  • Occupant Monitoring Systems Market Size
  • Supply and Demand
  • Current Trends/Issues/Challenges
  • Competition and Companies Involved in the Market
  • Technology Landscape
  • Value Chain of the Market
  • Market Drivers and Restraints

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
  • East Asia (China, South Korea, Japan)
  • South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific)
  • Middle East and Africa (GCC Countries, Turkey, South Africa, Res of MEA)

Report Highlights:

  • Detailed overview of parent Occupant Monitoring Systems market
  • Changing Occupant Monitoring Systems market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of Occupant Monitoring Systems market
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

- Companies Covered in This Report -

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