Occupant Classification System Market Size, Share and Forecast 2025
The global occupant classification system market is projected to grow at a CAGR of 6.7% to reach USD 2.8 billion by 2025 from an estimated USD 2.0 billion in 2020. The increasing sales of mid-size and luxury vehicles in recent years, which is driven by the changing preferences of vehicle types and lifestyle of the young population, is also expected to drive the OCS market.
By components: The airbag...
Occupant Classification System (OCS) Market Emerging Trends and Industry forecast to 2025
The global Occupant Classification System Market is projected to grow at a CAGR of 6.7% from 2020 to 2025, to reach USD 2.8 billion by 2025. The automotive industry is experiencing a paradigm shift in vehicle production from developed economies to developing economies. Increasing population and improving demographic dividend in countries like India, China, Brazil, and South Africa have contributed...