The global automotive rear occupant alert systems market is expected to benefit from stringent regulations requiring the integration of advanced safety technologies
The global market is estimated to be driven by rising awareness regarding the safety of pets and children in unattended vehicles throughout the forecast period
WILMINGTON, Del., November 15, 2022 /PRNewswire/ — In 2021, the global Automotive Rear Occupant Alert Systems market was worth US$602.3 million. Sales analysis of Automotive Rear Occupant Alert Systems Market forecast the market to grow at a CAGR of 13.5% during the forecast period, 2022 to 2031. The global Automotive Rear Occupant Alert System market size is likely to touch the value of US$2.1 billion by 2031. The deployment of rear seat occupant alert systems has been driven by an increase in the number of children and pets left alone in cars. A guide to rear occupant alert systems has been created to educate people on the use of these systems.
By 2025, virtually every automaker has committed to including a rear passenger warning system in every car they produce. For example, the latest technology created by Hyundai Mobis uses a radar-based rear passenger alert system to detect even slight movements in the rear; it is all the more reliable in terms of heat detection. Such innovations are believed to present immense growth prospects for manufacturers of rear occupant alert systems in the coming years.
Awareness of never leaving a child or pet unattended in a vehicle is likely to drive demand for an automobile rear occupant alert system. The temperature of the cabin or cabin of a parked car can quickly reach levels that are dangerous for children or pets, even in hot weather. Just after one hour of parking a day in a temperature of 16°C, Consumer Reports research shows that a car’s interior could reach a potentially deadly temperature of 40°C.
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Key Findings of the Market Report
In the coming years, government rules and restrictions on leaving a child unattended in a car are expected to drive the growth of the market. In order to prevent the increase in the number of accidents caused by a lack of awareness or unintentional errors, governments around the world are requiring the integration of the rear occupant alert system in all new fleets of light commercial vehicles and of tourism. This factor is likely to emerge as one of the major trends in the Automotive Rear Occupant Alert System market.
The Rear Occupant Alert system is still a developing technology that is undergoing a number of improvements. Today, vehicles equipped with a rear seat occupant warning system are available from automakers such as Hyundai, Toyota, Kia, Nissan, and General Motors. Extensive efforts by major OEMs to integrate this technology into their new vehicle fleets are expected to increase the claimed market share of the OEM category.
Based on vehicle type, the passenger vehicle category is expected to dominate the global market, fueled by strong demand for SUVs. The need for vehicle occupancy sensing techniques for passenger vehicles is expected to grow due to rising discretionary incomes, middle class incomes and consumers seeking safer in-vehicle technologies as solutions smart and connected cars are proliferating.
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Global Automotive Rear Occupant Alert System Market: Growth Drivers
The safety of children in automobiles is a legitimate concern for both governments and automobile organizations North America and Europe. In this regard, a number of unexpected incidents have been reported in these regions. As a result, manufacturers, OEMs and vehicle owners are implementing rear seat occupant warning systems. The market in North America and Europe should have considerable growth prospects due to an increase in sales of sedan passenger vehicles.
Global Automotive Rear Occupant Alert System Market: Key Competitors
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Global Automotive Rear Occupant Alert System Market: Segmentation
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