0
2021
Vehicle Occupancy Detection System Market

Vehicle Occupancy Detection System Market

By Installation Type (Fixed Installation and Mobile Installation), Technology (Infrared, Ultrasonic, and Hybrid), and Application (Passenger Vehicles and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A12541
Pages: 315
Tables: 158
Charts: 80
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Vehicle Occupancy Detection System Market Outlook – 2030 

The global vehicle occupancy detection system market size was valued at $42.5 million in 2020, and is projected to reach $225.5 million by 2030, registering a CAGR of 19.1% from 2021 to 2030. A vehicle occupancy detection system is an enhanced electronic device that detects presence of passengers in a vehicle. Further, vehicle detection technologies are intended to cover a wide range of applications to detect presence of passengers through various occupancy sensing technologies such as infrared microwave, ultrasonic, and video image processing.

COVID-19 scenario to impact commercial vehicle segment in the Vehicle Occupancy Detection System Market negatively.

 Moreover, vehicle occupancy detection system is designed to connect through Internet of Things (IoT) network to offer real-time vehicle occupancy count. In addition, surge in construction of high occupancy vehicle traffic lanes globally with a certain number of passenger safety regulations boosts growth for a vehicle occupancy detection system. 

Global-Vehicle-Occupancy-Detection-System-Market

Vehicle occupancy detection uses a camera and thermal sensor technology to detect the occupancy of several passengers in a vehicle. Thermal sensor solutions in occupancy detection systems can detect sudden driving actions such as braking and turning.  However, occupancy detection uses newly acquired images to train data, thus, require an algorithm to achieve a high detection rate even for a small set of data. Furthermore, vehicle occupancy detection systems are integrated with specialized sensors technology that is able to detect seat occupancy with other safety features such as seat belts and drunk driving. All these factors are expected to support the market growth during the forecast period.

The vehicle occupancy detection system market is expected to witness notable growth during the forecast period, owing to rise in government regulations to ensure passenger safety. Furthermore, surge in expansion of OEMs and automotive component suppliers in developing economies drives the growth of vehicle occupancy detection system market. Moreover, rise in demand for occupancy detection to reduce fatalities in vehicle crashes is expected to propel the market growth.

However, high cost associated with comprehensive occupancy sensing system, paired with low penetration of advanced driver-assistant systems in emerging regions is expected to restrain the market growth. Further, surge in demand for self-driving automotive vehicles offers lucrative opportunities for the market growth. In addition, rise in construction in HOV lanes in toll plazas is expected to provide lucrative opportunities for the growth of the market during the forecast period.

According to vehicle occupancy detection system market trends, emergence of COVID-19 has served as a major restrain for growth of the market of vehicle occupancy detection market in 2020, and the market is estimated to witness relatively slow growth by the end of 2021. However, surge in demand for self-driving electronic vehicles acts as a prime factor that hampers the market growth. Vendors serving across the transportation sector have been hit hard, owing to lack of investments in occupancy detection systems. Moreover, surge in occupancy detection system regulations across the globe is assumed to drive the vehicle occupancy detection system market growth during the post-pandemic period.

Vehicle Occupancy Detection System Market
By Installation Type

Your browser does not support the canvas element.

Fixed Installation segment will dominate the market throughout the forecast period

Get more information on this report : Request Sample Pages

Segment Overview

The vehicle occupancy detection system market is segmented on the basis of installation type, technology, application, and region. On the basis of installation type, the market is segregated into fixed installation (solutions and services) and mobile installation (solutions and services). The fixed installation segment was the highest revenue contributor in 2020, and is anticipated to garner significant market share during the forecast period.

Vehicle Occupancy Detection System Market
By Technology

Your browser does not support the canvas element.

Ultrasound segment is projected to be the most lucrative segment

Get more information on this report : Request Sample Pages

By technology, the market is fragmented into infrared, ultrasonic, and hybrid. The infrared segment dominated the market, in terms of revenue in 2020, and is expected to follow the same trend during the forecast period. By Application, the market is bifurcated into passenger vehicles and commercial vehicles. The vehicle occupancy detection system market share of passenger vehicle segment garnered the highest in 2020, and is expected to grow at a high CAGR from 2021 to 2030. 

Vehicle Occupancy Detection System Market
By Application

Your browser does not support the canvas element.

Passenger Vehicle segment will maintain the lead during the forecast period

Get more information on this report : Request Sample Pages

Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America is expected to develop at highest rate during the conjecture time frame. North America, specifically the U.S., remains a significant participant in the global market. Major organizations and government institutions in the country are intensely putting resources into the technology. 

Vehicle Occupancy Detection System Market
By Region

2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 22.0% during 2021 - 2030

Get more information on this report : Request Sample Pages

Top Impacting Factors

Significant factors that impact growth of the global vehicle occupancy detection system industry include surge in demand for occupancy detection to reduce fatalities in vehicle crashes, coupled with rise in government regulations concerning to passenger safety. However, accuracy of speed information is deficient with low-resolution sensors acts as a major barrier for early adoption, which hampers growth of the market. On the contrary, rise in demand for vehicles with modern active and passive safety features is anticipated to provide remunerative opportunities for expansion of the vehicle occupancy detection system market forecast period globally.

Competitive Analysis

Competitive analysis and profiles of the major players in vehicle occupancy detection system industry are analyzed across Conduent Inc., Fortran Traffic Systems Ltd., Indra Sistemas, Invision AI, NEC Corporation of America, S.A, Invision, Siemens, TransCore, Vehicle Occupancy Detection Corp., and Xerox Corporation are provided in this report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the vehicle occupancy detection system market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall vehicle occupancy detection system market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current vehicle occupancy detection system market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
  • The report includes the market share of key vendors and vehicle occupancy detection system market trends.

Vehicle Occupancy Detection System Market Key Segments

By Installation Type

  • Mobile Installation
    • Solutions 
    • Services
  • Fixed Installation
    • Solutions
    • Services

By Technology

  • Infrared
  • Ultrasonic
  • Hybrid

By Application

  • Passenger Vehicles
  • Commercial Vehicles

Key Market Players

  • Conduent Inc.
  • Fortran Traffic System Ltd.
  • Indra Sistemas
  • Invision AI
  • NEC Corporation of America
  • S.A, Invision
  • Siemens
  • TransCore
  • Vehicle Occupancy Detection Corp.
  • Xerox Corporation

Vehicle Occupancy Detection System Market Report Highlights

Aspects Details
By Installation Type
  • Fixed Installation
    • Solution
    • Service
  • Mobile Installation
    • Solution
    • Service
By Technology
  • Infrared
  • Ultrasound
  • Hybrid
By Application
  • Passenger Vehicle
  • Commercial Vehicle
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players NEC Corporation of America., .Vehicle Occupancy Detection Corp., Indra Sistemas, Indra Sistema’s, TransCore, Fortran Traffic System Ltd.., S.A, Invision., Conduent Inc., Xerox Corporation, Siemens
 

Loading Table Of Content...


 
 

A vehicle occupancy detection system is a reliable solution used to offer significant advantages for vehicle safety to protect vehicle travelers from any potential threats. Modern vehicle occupant detection sensors offer effective monitoring solutions to check the amount of movement by improving radar accuracy through an optimized transmitter model and layout. In addition, rise in demand for next-generation vehicle security technologies is expected to offer profitable opportunities for the vehicle occupancy detection system market.

Vehicle occupancy detection system is popular for use in commercial and private sector vehicles, owing to surge in adoption of digital infrastructure across the automotive sector across the globe. Moreover, applications such as mobile installation and fixed installation of these systems have advance enhanced features such as real-time occupancy detection, which is anticipated to provide lucrative opportunities for the market growth.

Globally, various key players are investing in vehicle occupancy detection system applications to make them compatible with various industrial platforms. For instance, in 2018, the Olea Sensor Network, a leader in intelligent sensors and analytics software, announced launch of OleaVision, an in-vehicle Life presence detector designed to prevent hot car death. In additionally, in 2019, Euro NCAP, a leading crash-test ratings provider, announced that 2022 onward, they are planning to offer rating for child presence detection in vehicles followed by the U.S. and European safety regulations to mandate child presence detection system.   

The key players profiled in the report include Conduent Inc., Fortran Traffic Systems Ltd., Indra Sistemas, Invision AI, NEC Corporation of America, S.A, Invision, Siemens, TransCore, Vehicle Occupancy Detection Corp., and Xerox Corporation are provided in this report.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
Published Date :
Jul 2021
Author(s) : Divyanshi T, Himanshu J , Vineet K
FREQUENTLY ASKED QUESTIONS?

A. The Vehicle Occupancy Detection System Market is estimated to grow at a CAGR of 19.1% from 2021 to 2030.

A. The Vehicle Occupancy Detection System Market is projected to reach $225.5 million by 2030.

A. Surge in demand for occupancy detection to reduce fatalities in vehicle crashes, coupled with rise in government regulations concerning to passenger safety etc. boost the market growth.

A. The key players profiled in the report include Conduent Inc., Fortran Traffic Systems Ltd., Indra Sistemas, Invision AI, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Vehicle Occupancy Detection System Market is segmented on the basis of installation type, technology, application, and region.

A. The key growth strategies of Vehicle Occupancy Detection System market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Sample
Related Tags

Purchase Full Report of
Vehicle Occupancy Detection System Market

Start reading instantly.
This Report and over 71,215+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,707  $3,336
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jul 2022)
  • Data Pack
  • $4,118  $3,706
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2022)
  • Single User
  • $5,760  $4,896
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2022)
  • Five Users
  • $6,918  $5,880
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2022)
  • Enterprise
    License/PDF

  • $10,648  $8,518
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2022)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
*Terms and Conditions Apply
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers