Impact of COVID-19 on the Global Occupant Monitoring Systems Market – Explores the Latest Report
Impact of COVID-19 on the Global Occupant Monitoring Systems Market – Explores the Latest Report
Published by TMR Research Insights
Posted on August 23, 2021
Occupant Monitoring Systems: Introduction
Occupant monitoring systems have grown in popularity in commercial cars to detect unauthorized passengers, but global curiosity has been growing in the passenger vehicle segment precisely in child detection that is anticipated to drive the market share over the coming years.
Occupant monitoring systems are seeing increasing demand in commercial fleets of vehicles to identify unauthorized passengers inside vehicles. Integrators are implementing occupant monitoring systems for passenger vehicles, where the technology finds common application pertaining to child detection and safety.
In the United States, delegates of the Association of Global Automakers and the Alliance of Automobile Manufacturers that account for approximately 100% share of the sales of light vehicles in the country have collaboratively agreed to make child detection a standard feature by the year 2025.
Furthermore, advancements in autonomous vehicle technology are likely to make these systems mandatory that is anticipated to propel the occupant monitoring systems market during the projected timeframe.
Global Occupant Monitoring Systems Market: Competition Landscape
Industry participants and vendors engaged in the market are undertaking strategies such as partnerships, collaborations, acquisitions, and product offerings. Top players in the market have adopted product launch, extended product offering as their growth strategy to improve their visibility in the industry. Moreover, players in the market are constantly engaged in research & development activities to develop new systems and technologies that will fulfill the requirements of customer safety and retain their customer base.
Key players operating in the global occupant monitoring systems market include:
Global Occupant Monitoring Systems Market: Key Drivers
Several factors primarily propel the occupant monitoring systems market. These include growing safety awareness, stringent government regulations, and rise in demand for safety features in vehicles. Automobile companies are incorporating occupant monitoring systems in vehicles with safety ratings based on car safety performance.
With the exponential growth of car leasing and ride sharing operations along with rising tourist activities, the number of cars are increasing due to rise in disposable income that will significantly boost the demand for occupant monitoring systems across the globe.
In previous years, occupant monitoring systems were available only for luxury cars. Automotive manufacturers have started to incorporate these elements for entry-level vehicles as well to expand their consumer base. Safety systems include airbags, seat belts, and ABS (anti-lock braking).
However, the high installation cost of occupant monitoring systems and the unavailability of professionals are expected to hinder the growth of the occupant monitoring systems market over the coming years.
Impact of COVID-19 on the Global Occupant Monitoring Systems Market
The overall growth of the occupant monitoring systems market is projected to show an upward trend during the ongoing Covid-19 pandemic across the globe, despite the fact that the increase in adoption has little to do with the pandemic and more to do with the expanding focal point of technology developers on innovation and research & development. Organizations in the market are offering driver & occupant monitoring systems with integration of temperature sensors that monitor the temperature of drivers and their co-passengers.
More Trending Reports by Transparency Market Research –
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Occupant monitoring systems have grown in popularity in commercial cars to detect unauthorized passengers, but global curiosity has been growing in the passenger vehicle segment precisely in child detection that is anticipated to drive the market share over the coming years.
Occupant monitoring systems are seeing increasing demand in commercial fleets of vehicles to identify unauthorized passengers inside vehicles. Integrators are implementing occupant monitoring systems for passenger vehicles, where the technology finds common application pertaining to child detection and safety.
In the United States, delegates of the Association of Global Automakers and the Alliance of Automobile Manufacturers that account for approximately 100% share of the sales of light vehicles in the country have collaboratively agreed to make child detection a standard feature by the year 2025.
Furthermore, advancements in autonomous vehicle technology are likely to make these systems mandatory that is anticipated to propel the occupant monitoring systems market during the projected timeframe.
Global Occupant Monitoring Systems Market: Competition Landscape
Industry participants and vendors engaged in the market are undertaking strategies such as partnerships, collaborations, acquisitions, and product offerings. Top players in the market have adopted product launch, extended product offering as their growth strategy to improve their visibility in the industry. Moreover, players in the market are constantly engaged in research & development activities to develop new systems and technologies that will fulfill the requirements of customer safety and retain their customer base.
Key players operating in the global occupant monitoring systems market include:
Global Occupant Monitoring Systems Market: Key Drivers
Several factors primarily propel the occupant monitoring systems market. These include growing safety awareness, stringent government regulations, and rise in demand for safety features in vehicles. Automobile companies are incorporating occupant monitoring systems in vehicles with safety ratings based on car safety performance.
With the exponential growth of car leasing and ride sharing operations along with rising tourist activities, the number of cars are increasing due to rise in disposable income that will significantly boost the demand for occupant monitoring systems across the globe.
In previous years, occupant monitoring systems were available only for luxury cars. Automotive manufacturers have started to incorporate these elements for entry-level vehicles as well to expand their consumer base. Safety systems include airbags, seat belts, and ABS (anti-lock braking).
However, the high installation cost of occupant monitoring systems and the unavailability of professionals are expected to hinder the growth of the occupant monitoring systems market over the coming years.
Impact of COVID-19 on the Global Occupant Monitoring Systems Market
The overall growth of the occupant monitoring systems market is projected to show an upward trend during the ongoing Covid-19 pandemic across the globe, despite the fact that the increase in adoption has little to do with the pandemic and more to do with the expanding focal point of technology developers on innovation and research & development. Organizations in the market are offering driver & occupant monitoring systems with integration of temperature sensors that monitor the temperature of drivers and their co-passengers.
More Trending Reports by Transparency Market Research –
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
