Global Automotive Rear Occupant Alert System Market To Be Driven By The Increasing Application Of The System In Automotive Industry In The Forecast Period Of 2023-2028

PRESS RELEASE

Published February 9, 2023

The new report by Expert Market Research titled, ‘Global Automotive Rear Occupant Alert System Market Size, Share, Growth, Trends, Report and Forecast 2023-2028’, gives an in-depth analysis of the global automotive rear occupant alert system market, assessing the market based on its segments like vehicles, sales channels, sensor types, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Automotive Rear Occupant Alert System Market Share, Size, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 7.2%

Automotive rear occupant alert system is an integral part of the automotive industry, which bolsters the safety and security of children travelling recklessly on road.

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The increasing cases of road accidents, coupled with the susceptibility of children of succumbing to accidental injuries, is further propelling the need for this system in automobiles. Over the forecast period, the anticipated increase in the incorporation of automotive rear occupant alert system in passenger and commercial automobiles is likely to provide significant impetus to the market growth. In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the strong foothold of major automotive players in the region.

Automotive Rear Occupant Alert System Industry Definition and Major Segments

Automotive rear occupant alert system refers to a component of an automobile, the main function of which is to detect the motion of children using ultrasonic sensors to prevent accident. Using this technology, the vehicle automatically bows horn or flashes the car lights. Some of the crucial components of this system include screen reminders, door logic systems, and motion detectors.

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On the basis of vehicle, the market can be segmented into:

Passenger Vehicles
Light Commercial Vehicles

Based on sales channel, the market has been divided into:

OEM
Aftermarket

The significant sensor type include the following:

Pressure Sensor
Ultrasonic Sensor

The regional markets for automotive rear occupant alert system include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Automotive Rear Occupant Alert System Market Trends

The key trends in the automotive rear occupant alert system market include the stringent regulations of the government aimed towards augmenting the safety and security of children and pets. Meanwhile, the thriving public transport sector across the emerging economies is likely to lead to a heightened incorporation of automotive rear occupant alert systems in public cabs, and sedans.

Over the forecast period, the growing research and development activities and technological advancements in modern electric and hydrogen powered vehicles are anticipated to offer lucrative growth opportunities to the automotive rear occupant alert system market. The market is anticipated to be aided by the increasing focus of the population aimed towards enhancing the safety features of the vehicle owing to the increasing traffic congestion on roads and highways.

Key Market Players

The major players in the market are Baby Alert International, Evenflo Company, Inc., Elepho Inc., Hyundai Motor Company, Robert Bosch GmbH, Mayser GmbH & Co. KG, and Flexpoint Sensor Systems, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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