Child Presence Detection System Market: Current Analysis and Forecast (2019-2025)

Report Description

Child Presence Detection System market stood at US$ 52.36 million in 2018 and is expected to grow at a CAGR of 34.24% during the forecast period 2019-2025 to reach a market size of US$ 390.3 million by 2025. Children and hot cars are a fatal combination. On average, there are 38 heatstroke-related deaths per year in the US alone. It has been found that the temperature in a parked car can rise to dangerous levels on even a mild day. Experts found that even when it was just 61° F outside, the temperature inside a closed car could reach more than 105° F in just an hour, an extremely dangerous and potentially fatal level for a child. Many parents comment on social media that such an accidental death would never happen to their child.

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But research has shown that anyone can forget a small child in a car, especially parents who have a change in their routine or those who are under stress. Just as drivers often find themselves lost in thought and navigating on autopilot, often getting to their destination without remembering details of the trip or missing a turn to run an errand, distracted parents can forget a quiet child.

An approach to reduce the incidence of vehicular heatstroke involves countermeasures to help minimize the risk of children being left behind in vehicles that must be applied. These countermeasures are mostly aimed at preventing cases involving unintentionally left-behind children and may include devices such as simple visual and tactile reminders for the driver, electronic reminders added to a child restraint system, and systems integrated with vehicle electronics and restraint systems. Since about half of the deaths involve children who were forgotten by the caregiver upon reaching their destination, devices that provide a reminder to the caregiver have the potential to address the largest subset of cases.

“Ultrasonic Sensors dominated the Sensor type segment of Child Presence Detection System Market, accounting for 87% share in 2018”

Based on sensor type the global Child Presence Detection System Market is segmented into Ultrasonic Sensor, Pressure Sensor and others. Currently, Ultrasonic Sensor dominates the market and is expected to maintain its dominance throughout the forecast period. The sensor is required for the system to detect a child that is left unattended in a car. The sensor must accurately determine if there is a child left in the car and able to differentiate between a non-living object and a child that is unattended in the car. The presence of these systems has become even more important with the increase in the number of HOT car incidences all over the world. HOT car incidences have been observed to take place all over the world right from Europe where the outside temperature is low to Africa where there is high temperature outside. Thus, the use of a child detection system has become even more important and mandate. The sensor can detect the presence of a child in a car and can set an alarm so that someone is able to attend the unattended child in a car. The market opportunity is tremendous, considering 15,000,000 vehicles sold annually in North America alone and 55,000,000 worldwide.

“OEMs and Aftermarket are the two main sale channels for the child presence detection system. OEMs accounted for 62.7% share in 2018”

The sales through Original Equipment Manufacturers (OEMs) channel is more credible and authentic to the automakers. As far as OEMs of child presence detection system is concerned, General Motors was an early mover, introducing what it calls Rear Seat Reminder in 2016 with the 2017 model-year GMC Acadia, and then adding it to a long list of other models for 2017 and 2018. Aftermarket sales are associated with the manufacturing, distribution or retailing of the automobile-related products after the sale of the vehicle by the original automaker. The products or services available in the aftermarket may or may not be the original manufacturer of the product. At present, the aftermarket is one of the rapidly evolving sectors of the automotive industry. Places where the original equipment manufacturers are not present, aftermarket sales play a vital role. In addition to this, the aftermarket is also experiencing technological advancements, upscaling consumer demand and increasing rivalry.

“Under the vehicle type category of child presence detection system, SUV grabbed the largest market share of 56.9% in 2018. The segment is expected to maintain its lead throughout the analyzed period”

Based on vehicle type the market is bifurcated into Hatchback, Sedan, and SUV and others. The hatchback is small cars that would accommodate around 5 people and it doesn’t have an extended boot. Sedans are cars with an extended boot. These are longer than hatchbacks. These would also accommodate not more than 5 people. SUV is expanded as Sports Utility Vehicles and is big cars, which were designed to go over rough surfaces or off-road. These can accommodate about 5-7 people. With 29.77 million units sold, the SUV earned the top position among all segments in 2018. Volume grew by 6.8%, or almost 1.9 million units, which is impressive considering the economic situation in the three largest vehicle markets: USA, China, and Europe.

Child Presence Detection System Market Share, Global, by Vehicle Type 2018-2025 (US$ Mn)

“North America remains the largest market for child presence detection system, owing to the US being the early adopter of technology. Europe was the second-largest market with 31% share in 2018”

North America has become the region where maximum cases of children dying of heatstroke after being left behind by the parents in the car, have been witnessed. Since, North America is one of the largest automotive manufacturers in the world and victims of child deaths in HOT cars, the initiatives of making child presence detection system mandate are also being taken by them. The presence of leading automotive manufacturers, as well as component manufacturers,  are driving the market value. The economic growth of the region has posed an impact on the sale of passenger cars and commercial vehicles. However, Asia-Pacific is expected to witness remarkable growth during the analyzed period 2019-2025.

Competitive Landscape-Top 10 Market Players

Major players operating in the child presence detection market are 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. These companies have adopted numerous growth strategies including innovative product launches, investment in R&D, partnership, mergers, etc. to sustain in the growing child presence detection system market.

Reasons to buy (The research report presents):

• Current and future market size from 2018 to 2025 in terms of value (US$)
• Combined analysis of deep-dive secondary research and input from primary research through Key Opinion Leaders of the industry
• Detail analysis of the impact of child presence detection system on the safety of infants and toddlers
• Deep dive analysis of the child presence detection system market globally
• Analysis of regional variations and changing applications and trends
• A quick review of overall industry performance at a glance
• In-depth analysis of key industry players
• A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
• Examination of industry attractiveness with the help of Porter’s Five Forces analysis
• The study comprehensively covers the market across different segments and sub-segments of the child presence detection system global market
• The region covered: North America, Europe, Asia Pacific and the rest of the world.

Customization Options:

The Child Presence Detection System market can be customized for different regions globally and at the country level as well. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

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Research Methodology

Analysing historical market, estimation of the current market and forecasting the future market for Child Presence Detection System Market were the three major steps undertaken to create and analyse the overall market of Child Presence Detection System technology globally. Exhaustive secondary research was conducted to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across the value chain of the Child Presence Detection System market. Post all the assumptions, market sizing and validation of market numbers through primary interviews, a top-down approach was employed to forecast the complete market size of the global Child Presence Detection System market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the technology. 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 Global Child Presence Detection System Market through company internal sources such as annual report & financial statements, performance presentations, press releases etc. and external sources including journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other credible publications. For economic data collection, sources such as World Bank, IMF, Trading Economics among others were used.

Step 2: Market Segmentation:

After obtaining the historical market size of the overall market, a detailed secondary analysis was done to gather historical market insights and share of different segments & sub-segments of the Global Child Presence Detection System Market. Major segments included in the report includes sensor type, sale channel, vehicle type and regions. Further analysis was also done for sub-segments of the major segments.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the Child Presence Detection System globally. Factor analysis was conducted using dependent and independent variables such as the type of sensor used in the Child Presence Detection System, vehicle models which have adopted the technology and similar others. Historical trends of the global Child Presence Detection System market and its year-on-year impact on the market size and share in the recent past were analyzed. The demand and supply-side scenario were also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players, supply chain, and value chain of the technology. 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, weight was assigned to different factors including market drivers, restraints and opportunities for market players. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2025 for a different segment and sub-segments in major markets. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value and rate of adoption Child Presence Detection System
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in major applications and markets as well as the market share of these player. Also, the growth strategies adopted by these players to compete in the growing Child Presence Detection System

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, and Regional Head, etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research was consolidated with secondary findings, hence turning information into actionable insights.

A split of Primary Participants

Market Engineering

The data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the Child Presence Detection System market globally. Data was split into several segments & sub-segments post studying various parameters and trends and use of Child Presence Detection System in different vehicle namely SUVs, Sedan, Hatchback and other. Further, the sensor type of Child Presence Detection System was also taken into consideration that included pressure sensors, Ultrasonic Sensors and others. Apart from this, detailed analysis of major market including North America, Europe, Asia-Pacific and Rest of the World was conducted to know the overall adoption and penetration of the technology.

Main objective of the AI in education sector Market Study

The current & future market trends of the Global Child Presence Detection System Market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of Child Presence Detection System market in terms of value
• Analyze the current and forecast market size of different segments and sub-segments of the technology. Segments in the study include sensor type, sales channel, vehicle type and region
• Anticipate potential risks associated with the technology along with customer and competitor analysis, etc.
• Define and analysis of the government regulations for Child Presence Detection System Market in different region/country
• Analyze the current and forecast market size of Child Presence Detection System Market, in terms of value for major regions including North America, Europe, Asia-Pacific and Rest of the World

Define and analyze the competitive landscape of the Child Presence Detection System Market and the growth strategies adopted by the market players to sustain in the growing market