Occupant Sensing System (OSS) Market - Forecast(2021 - 2026)
The global Occupant Sensing System Market is estimated to surpass $1.3 billion mark by 2026 growing at an estimated CAGR of more than 6.8% during the forecast period 2021 to 2026. The surging demand for road safety in automobiles pertaining to driver safety and stringent government regulations related to occupant safety will boost the Occupant Sensing Systems market. The market is driven by declining prices of the safety systems in passenger vehicles. The market is also driven by increasing number of accidents and stringent government regulations. The automotive sector has seen a growing inclination towards the safety and comfort of the passenger over the years. This focus on safety of the passengers/driver is illustrated by the steps taken by automotive manufacturers, such as introduction of seat belts, air-bags and ABS (anti-lock braking) in the vehicles, also by government legislation making such devices compulsory. But with the ...