Child Presence Detection System Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Product (Ultrasonic, Radar, and Others); Sales Channel (OEMs and Aftermarket); and Vehicle Type (SUVs, Sedans, Hatchback, and Others); and Region/Country
The child presence detection system market is expected to grow at a strong CAGR of around 16.4% during the forecast period (2022-2028). European safety regulators and US lawmakers are considering the possibility of mandating “child presence detection” systems in order to avoid hot-car deaths of unattended children. The European New Car Assessment Programme (Euro NCAP), which gives crash-test ratings, has already announced that from 2022 onwards, it will provide ratings for child presence detection. For these ratings, the car must have a feature that can detect a child left in the car and notify the owner or emergency services to avoid fatalities. In the USA, the Hot Cars Act of 2019, bipartisan legislation was recently introduced in both the House and Senate that would require all new passenger vehicles in the U.S. to come with standard equipment designed to help prevent child deaths from heatstroke suffered in motor vehicles.
Some of the major players operating in the market include Infineon Technologies AG, Texas Instruments Incorporated; NXP Semiconductors; Renesas Electronics Corporation; STMicroelectronics; Semiconductor Components Industries, LLC; ROHM CO., LTD.; Analog Devices, Inc.; Qualcomm Technologies, Inc.; and Taiwan Semiconductor Manufacturing Company Limited Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, the radar segment held a dominating share of the market in 2021”
Based on the product, the market is segmented into ultrasonic sensor, radar, and others. Amongst these, the radar sensor dominated the market in 2021. This is because radar uses radio waves instead of light for object detection tasks, it works well in humidity, fog, a large range of temperatures, and smoke. This stands in contrast to optical technologies such as cameras – or in the future, lidar – which are generally susceptible to the same challenges as the human eye.
“Amongst sales channel, the OEMs held the majority share of the market in 2021”
By sales channel, the market is bifurcated into OEMs and aftermarket. Among these, OEMs captured the majority share of the child presence detection system market in 2021. Consumers replacing damaged vehicle components mostly choose to purchase OEM parts in order to ensure replacement parts are fully compatible with the vehicle and produced at the same quality standards. As the original suppliers of a vehicle’s components, OEMs often have their products sold by branded car dealerships and available for order through the automaker directly.
Child Presence Detection System Market Report Coverage
“North America dominated the child presence detection system market in 2021”
North America dominated the child presence detection system market in 2021. It has become the region where the maximum cases of children dying of heatstroke after being left behind by their parents in the car, have been witnessed. Since, North America is one of the largest automotive manufacturing hubs in the world and victims of child deaths in HOT cars, the initiatives of making a child presence detection system mandate are also being taken by them. This growing trend in the automotive sector is indicating a growing market for child presence detection systems as well.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Child Presence Detection System Market|
|2.2.||Research Methodology of the Child Presence Detection System Market|
|5||GLOBAL Child Presence Detection System Market COVID-19 IMPACT|
|6||GLOBAL Child Presence Detection System Market REVENUE, 2020-2028F|
|10.1.||North America Child Presence Detection System Market|
|10.1.3.||Rest of North America|
|10.2.||Europe Child Presence Detection System Market|
|10.2.5.||Rest of Europe|
|10.3.||Asia-Pacific Child Presence Detection System Market|
|10.3.4.||Rest of APAC|
|10.4.||Rest of the World Child Presence Detection System Market|
|12||Child Presence Detection System Market OPPORTUNITIES|
|13||Child Presence Detection System Market TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|18.1.1.||Porters Fiver Forces Analysis|
|19.1.||Infineon Technologies AG|
|19.2.||Texas Instruments Incorporated|
|19.4.||Renesas Electronics Corporation|
|19.6.||Semiconductor Components Industries, LLC|
|19.7.||ROHM CO., LTD.|
|19.8.||Analog Devices, Inc.|
|19.9.||Qualcomm Technologies, Inc.|
|19.10.||Taiwan Semiconductor Manufacturing Company Limited|
Research Methodology for the Child Presence Detection System Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global child presence detection system market were the three major steps undertaken to create and analyze the adoption of child presence detection in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global child presence detection system market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the child presence detection system market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the child presence detection system market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, sales channel, and vehicle type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the child presence detection system market. Further, we conducted factor analysis using dependent and independent variables such as product, sales channel, and vehicle type of the child presence detection system market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Child Presence Detection System Market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global child presence detection system market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the child presence detection system market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global child presence detection system market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global child presence detection system market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product, sales channel, and vehicle type in the global child presence detection system market.
The main objective of the Global Child Presence Detection System Market Study
The current & future market trends of the global child presence detection system market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the child presence detection system market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the product, sales channel, and vehicle type
- Define and analysis of the regulatory framework for the child presence detection industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the child presence detection system market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the child presence detection system market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry