The Global Automotive Rear Occupant Alert System Market size is expected to reach nearly US$ 800 Mn by 2026, expanding at a CAGR of nearly 18% during the forecast period 2019 to 2026.
Growth Drivers for the Automotive Rear Occupant Alert System Market
- The demand for highly safe and secure vehicles is increasing, as customers are emphasizing on vehicles that possess high standard safety features. Manufacturers are focused on the designing, development, manufacturing, and implementation of various types of safety and security features in their vehicles, in order to reduce the fatalities of drivers and passengers, as well as pedestrians.
- Safety features such as airbags, seat belts, driver fatigue monitoring systems, and rear occupant alert systems are the major safety systems that can reduce the chances of severe fatalities. These factors are estimated to be key drivers of the automotive rear occupant alert system market during the forecast period.
- The automotive rear occupant alert system is a technology that is still in the nascent phase, and is projected to increase during the forecast period. This system is beneficial for vehicles utilized in urban areas. The low penetration of the system in vehicles, presently, is a key restraint of the market.
Segmentation
The global automotive rear occupant alert system market has been segmented based on vehicle type, sensor type, sales channel, and region.
- In terms of vehicle type, the automotive rear occupant alert system market has been classified into passenger vehicles and light commercial vehicles. The passenger vehicles segment has been further sub-segmented into sedans, hatchbacks, and SUVs.
- The light commercial vehicles segment held a substantial share, followed by the SUVs segment in the automotive rear occupant alert system market in North America. The SUVs sub-segment is estimated to lead the automotive rear occupant alert system market during the forecast period.
- The light commercial vehicles segment held a major share, followed by the SUVs and sedans sub-segments, in the automotive rear occupant alert system market in North America. The SUVs sub-segment is expected to lead the automotive rear occupant alert system market, globally, in the near future.
- In terms of sensor type, the automotive rear occupant alert system market has been bifurcated into pressure sensors and ultrasonic sensors. The ultrasonic sensors segment is projected to expand at a significant growth rate in the automotive rear occupant alert system market during the forecast period. Increase in adoption of ultrasonic sensors has fueled the demand for automotive rear occupant alert systems.
- An ultrasonic sensor detects movement and senses the presence of a passenger or child on the rear seat of the vehicle. The ultrasonic sensors segment is expected to account for a prominent share in the automotive rear occupant alert system market in Europe during the forecast period.
- Based on sales channel, the automotive rear occupant alert system market has been split into OEMs and aftermarket. The OEMs segment holds a notable share in the automotive rear occupant alert system market. The segment is estimated to expand at a moderate pace during the forecast period. The demand for automotive rear occupant alert systems is high in the OEMs segment, which is a major factor driving the automotive rear occupant alert system market.
Automotive Rear Occupant Alert System Market: Regional Analysis
In terms of region, the automotive rear occupant alert system market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
- North America is expected to be a prominent region in the global automotive rear occupant alert system market during the forecast period, as this system is implemented in a large number of light commercial vehicles in the region. The S. holds a major share in the region, as the country accounts for a prominent share, in terms of revenue, of the automotive rear occupant alert system market in the region.
- Europe is estimated to be a key market, globally, during the forecast period, as the automotive rear occupant alert system market in Europe is projected to expand at a significant pace during the forecast period.
Sensor Type Segment Analysis
- In terms of sensor type, the global automotive rear occupant alert system market has been bifurcated into pressure sensors and ultrasonic sensors. The ultrasonic sensors segment is a prominent segment in the automotive rear occupant alert system market. The ultrasonic sensors segment held an 81.52% share in the automotive rear occupant alert system market in 2018.
- The segment is estimated to maintain its dominance, and hold around 85% share in the automotive rear occupant alert system market by 2027. In terms of revenue, the segment is projected to reach a value of around US$ 675 Mn by 2027. The ultrasonic sensors segment dominated the automotive rear occupant alert system market in Europe, and held an 85.21% share in 2018. Its share is anticipated to rise to around 87% of the automotive rear occupant alert system market by 2027.
- The passenger vehicles segment held a 54.35% share in the global automotive rear occupant alert system market in 2018, while the sedans and SUVs sub-segments accounted for 23.86% and 30.48% shares, respectively, in the passenger vehicles segment, in 2018.
- The hatchbacks sub-segment is still untouched with this system. Increasing electrification and the introduction of new technologies in safety features are major factors that are expected to boost the application of these safety systems in all other types of vehicles.
- The adoption of automotive rear occupant alert systems is estimated to increase during the forecast period. These are expected to be installed in small vehicles, as a basic safety feature, in the vehicles coming into the market during the forecast period.
Sales Channel Segment Analysis
- The OEMs segment led the automotive rear occupant alert system market, and accounted for a 52.40% share, in terms of revenue, in 2018. An automotive rear occupant alert system has a lifespan that is almost equal to that of the vehicle, i.e., 5 to 7 years.
- The automotive rear occupant alert system is replaced only when there is an issue in the sensor or the system itself. Otherwise, it is likely to run for the entire life of the vehicle. Consequently, the replacement of an automotive rear occupant alert system is rare. Hence, the aftermarket segment holds a decent share in the automotive rear occupant alert system market.
Electric Motorcycle and Scooter Market: Regional Analysis
In terms of region, the global automotive rear occupant alert system market can be segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
- North America held a prominent share of the global automotive rear occupant alert system market in 2018. Increase in the number of vehicle users due to huge population, increasing purchasing power, rising wages, and increased standard of living, along with rising concerns regarding safe and secure vehicles are key factors that drive the automotive rear occupant alert system market in North America.
Key players
Major players operating in the global automotive rear occupant alert system market include Baby Alert International, Sense A Life, Kars4Kids, Evenflo, Elepho Inc., AISIN SEIKI Co., Ltd., Texas Instruments Incorporated, Robert Bosch GmbH, MAYSER GMBH & CO. KG, and Flexpoint.
The report analyzes and forecasts the automotive rear occupant alert system market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automotive rear occupant alert system market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the automotive rear occupant alert system market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of automotive rear occupant alert system market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
Segmentation:
- By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- By Sensor Type
- Pressure Sensors
- Ultrasonic Sensors
- By Sales Channel
- By Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Nordic Countries
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC
- South Africa
- Rest of MEA
- Latin America
- Brazil
- Mexico
- Rest of Latin America
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
- To analyze and study the global automotive rear occupant alert system capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
- Focuses on the key automotive rear occupant alert system manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
