The occupant sensing system market in terms of value is projected to grow $1.6 Billion and whiplash protection system market to grow $2.1 Billion by 2019 at a healthy CAGR of 14.3% and 13.8% respectively from 2014 to 2019.
Dallas, TX -- (SBWIRE) -- 12/11/2014 -- The report "Automotive Occupant Sensing System (OSS) and Whiplash Protection System (WPS) Market for Passenger Cars - by Geography - Trends and Forecasts 2014 - 2019". This report classifies and defines automotive occupant sensing system and whiplash protection system market in terms of volume and value. The report highlights potential growth opportunities in the coming years as well as covers review of the – market drivers, restrains, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects w.r.t. automotive active safety systems market.
Browse 71 market tables and 50 figures spread through 291 Slides and in-depth TOC on "Automotive Occupant Sensing System (OSS) and Whiplash Protection System (WPS) Market - Trends and Forecasts 2014 - 2019"
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Asia-Pacific: Growing market for Whiplash protection system
The Asia-Pacific region includes developing countries such as China, India, and Thailand. Factors such as adoption of safety regulations by governments/agencies, growing concern of consumer for automotive safety technologies, increasing vehicle sales & safety installations per vehicles are accelerating the demand of automotive occupant sensing system and whiplash protection system. Automotive safety system suppliers Takata Corporation (Japan) is the dominant player in this region which is anticipated to drive the demand for the automotive occupant sensing system and whiplash protection system. Apart from these, the global players such as Autoliv (Sweden), Robert Bosch (Germany), and Continental AG (Germany) have their presence in the Asia-Pacific region, which is also expected to influence the market demand for automotive occupant sensing system and whiplash protection system.
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Europe: Growing market for automotive occupant sensing system and whiplash protection system
In 2009, Europe experienced an economic downturn that affected many industries within the region and is currently in its recovery phase. As such, the automotive occupant sensing system and whiplash protection system market is projected to show a stable growth rate for the period under study. Europe is the major market for occupant sensing system and whiplash protection system and home to a number of automotive safety system suppliers such as Autoliv (Sweden), Robert Bosch (Germany), Continental AG (Germany), and Delphi Automotive (U.K.).
The Americas: Automotive passive safety systems market shows healthy growth rate
The Americas region comprises the U.S., Mexico, Brazil, Canada, and others. Mexico and Brazil are the emerging economies in this region. The United States New Car Assessment Program (US NCAP) is a flagship consumer information program of the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA). In the coming years,US NCAP will adjust its rating system to reflect the improvements in the safety features in the U.S. vehicles. This will make it more stringent for a vehicle to achieve top ratings, thus encouraging manufacturers to produce vehicles exceeding the minimum federal safety requirements. This is expected to positively affect the occupant sensing system and whiplash protection system market. Safety systems suppliers like Continental AG (Germany), Takata Corporation (Japan), Robert Bosch GmbH (Germany), and Autoliv Inc. (Sweden) have a major presence in the Americas region.
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