Child Presence Detection System Market was valued US$ 52.36 million in 2018 and is expected to reach a market size of US$ 390.3 million by 2025
Child Presence Detection System Market was valued US$ 52.36 million in 2018 and is expected to reach a market size of US$ 390.3 million by 2025, growing at a CAGR of 34.24% during the forecast period 2019-2025. Injury and death associated with vehicles remain an overwhelming challenge to society's general health. In recent years, design safety improvements in the automotive sector have grown markedly, and yet little has been accomplished for safety in stationary vehicles.
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Vehicular hyperthermia (heat strokes) are the devastating effects of children being left unattended in vehicles for too long, most parents' great nightmare, for several incidents occur each year. Even the best of parents or carers can leave a sleeping baby in a car unknowingly; and the result can be injury or even death. Approximately 39 children die on average each year due to vehicle trapping, based on safety organization Kids and Cars reporting. Inadvertently too many children were left in cars or got into a car by themselves. Vehicle heatstroke tragedies forever alter the lives of parents, families, and communities.
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Every year, an undisclosed number of young children die of heatstroke from being trapped in parked motor vehicles worldwide. Doctors in the United States, Great Britain, and New Zealand have warned of the dangers of leaving children and infants in hot cars, further heighten awareness about the dangers children face in and around motor vehicles. Stakeholders believe the solution to these preventable tragedies is a combination of education and technology. They want all cars to come fitted with a device that warns a driver if a child is left in the car. The Hot Cars Act was recently implemented and will allow technology to avoid heatstroke accidents in call vehicles.
Global Child Presence Detection System Market is studied as Ultrasonic Sensor, Pressure Sensor, and others on sensor type. Ultrasonic Sensor accounts for 87% market share in the Child Presence Detection market and will keep leading the market until the end of the forecast period. Based on Sales Channel, the market is segmented as OEMs and Aftermarket sales. OEMs accounted for a revenue of nearly US$ 33 million in 2018 and is anticipated to remain dominant during the analyzed period. As automakers promised to outfit almost all new cars with reminders to test children's rear seats. For instance; by the 2025 model year, almost all new vehicles sold in the United States will come with electronic warnings to warn people not to leave children in the back seats, to stop heatstroke deaths.
Further, based on vehicle type, the Child Presence Detection market is segmented into Hatchback, Sedan, and SUV, and others. It is estimated that SUVs hold the largest market and will keep dominating the market by the year 2025. In 2018, the SUVs segment accounts for revenue of almost US$ 30 million and is expected to grow considerably over the forecast period. Additionally, for better investigation and penetration of Child Presence Detection Market, the report provides an in-detailed analysis of child presence detection system adoption across the world. The market is classified into distinct regions that are North America, Europe, Asia-Pacific, and the Rest of the World. North America emerged as the dominant market in the Child Presence Detection market followed by Europe. In 2018, Europe generated a revenue of US$ 16 million.
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Some of the major companies profiled in Child Presence Detection Market include General Motors, Ford Motor Company, Volkswagen AG, Toyota Motor Company Ltd., Hyundai Motors, Nissan Motors, Honda Motors, Robert Bosch, Autoliv Inc., Delphi Automotive, Continental AG, Kia Motors. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.
Table of Content -
1. MARKET INTRODUCTION
2 RESEARCH METHODOLOGY
3. REGULATORY FRAMEWORK
4. INDUSTRY PERFORMANCE
5. EXECUTIVE SUMMARY
6. MARKET OVERVIEW
7. SCIENCE BEHIND PARENTS LEAVING CHILD IN A CAR
8. KEY MARKET INDICATORS
9. MARKET INSIGHTS, BY SENSOR TYPE
10. MARKET INSIGHTS BY SALES CHANNEL
11. MARKET INSIGHTS BY VEHICLE TYPE
12. MARKET INSIGHTS BY REGION
13. COMPETITIVE SCENARIO
14. TOP COMPANY PROFILES
Child Presence Detection System Market Segmentation
Market Insights, by Sensor Type
· Pressure Sensor
· Ultrasonic Sensor
· Others
Market Insights, by Sales Channel
· OEM
· After Market
Market Insights, by Vehicle Type
· Sedan
· SUV
· Hatchback
· Others
Market Insights, by Region
· North America
· Europe
· Asia-Pacific
· Rest of the World
Top Companies Profiled
· General Motors
· Ford Motor Company
· Volkswagen AG
· Toyota Motor Company Ltd.
· Hyundai Motors
· Nissan Motors
· Honda Motors
· Robert Bosch
· Autoliv Inc.
· Delphi Automotive
· Continental AG
· Kia Motors
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