Market Research Report
Automotive Rear Occupant Alert System - Global Market Outlook (2019 -2027)
|Published by||Stratistics Market Research Consulting||Product code||969488|
|Published||Content info||150+ Pages
Delivery time: 2-3 business days
|Automotive Rear Occupant Alert System - Global Market Outlook (2019 -2027)|
|Published: October 1, 2020||Content info: 150+ Pages||
According to Stratistics MRC, the Global Automotive Rear Occupant Alert System Market is accounted for $255.40 million in 2019 and is expected to reach $1,098.10 million by 2027 growing at a CAGR of 20.0% during the forecast period. The demand for highly safe and secure vehicles is some of the major factor propelling the growth of the market. However, the low penetration of the system in vehicles is hindering the growth of the market.
An automotive rear occupant alert system is considered to recognize and notify the driver about the occurrence of a passenger or child sitting within the vehicle on the rear seat while the doors of the vehicle are locked during parking. This type of alert system has been included to decrease the chances of fatalities or heat strokes suffered by passengers or children who have been locked unintentionally inside the vehicle while parking.
Based on the sensor type, the ultrasonic sensors segment is expected to grow at a significant market share during the forecast period as this sensor notices movement and senses the occurrence of a passenger or child on the rear seat of the vehicle. By geography, North America is anticipated to hold considerable market share during the forecast period due to the factors such as huge population, increasing purchasing power, rising wages, and increased standard of living, along with rising concerns regarding safe and secure vehicles are driving the automotive rear occupant alert system market in this region.
Some of the key players profiled in the Automotive Rear Occupant Alert System Market include AISIN SEIKI Co., Ltd., Elepho Inc., Evenflo Company, Inc., Flexpoint, Mayser GmbH & Co. KG, Robert Bosch GmbH, Sense A Life, Texas Instruments Incorporated, Baby Alert International, MAYSER GMBH & CO. KG, and Kars4Kids.
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