“Global Automotive Child Presence Detection System Market to reach a market value of USD 493 Million by 2031 growing at a CAGR of 39.9%”
The Global Automotive Child Presence Detection System Market size is expected to reach $493 million by 2031, rising at a market growth of 39.9% CAGR during the forecast period.
Due to economic growth and rising affluence, vehicle ownership and usage have surged in Asia Pacific countries. As more families own vehicles, there is a greater focus on vehicle safety features, including those designed to protect children. Consequently, the Asia Pacific region would acquire nearly 25% of the total market share by 2031. Many consumers perceive CPDS as an essential safety feature, increasing demand for vehicles equipped with CPDS.
High-profile cases of children being accidentally left in vehicles and subsequent heatstroke deaths have garnered significant media attention. These tragic incidents have raised public awareness about the dangers of leaving children unattended in cars, emphasizing the need for preventive measures like CPD systems. Thus, increasing awareness of child safety is driving the market's growth. Additionally, the global automotive industry is experiencing steady growth, driven by rising demand for passenger, commercial, and electric vehicles across various regions. As vehicle production expands, there is a growing opportunity to integrate advanced safety technologies like CPD systems into new vehicle models. Hence, global automotive industry growth is propelling the growth of the market.
However, the development and integration of CPD systems involve advanced sensor technology, artificial intelligence algorithms, and vehicle connectivity solutions. Furthermore, they must pass stringent testing and certification procedures to guarantee CPD systems' efficacy, dependability, and adherence to safety guidelines and norms. Hence, the high cost of implementation is hindering the market's growth.
Based on types, the market is divided into radar sensor, ultrasonic sensor, pressure sensor, and others. The ultrasonic sensor segment attained 28.4% revenue share in the market in 2023. Ultrasonic sensors are well-suited for close-range detection applications, making them ideal for monitoring the interior of vehicles where occupants, including children, may be seated near the sensor.
On the basis of sales channel, the market is bifurcated into OEM and aftermarket. In 2023, the aftermarket segment attained 29.3% revenue share in the market. Many vehicle owners seek to enhance the safety features of their existing vehicles by retrofitting them with aftermarket child presence detection systems. Retrofitting allows owners of older vehicles or vehicles without factory-installed CPDS to add this important safety feature to their cars, improving child safety and compliance with safety regulations.
Free Valuable Insights: Global Automotive Child Presence Detection System Market size to reach USD 493 Million by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 38.7% revenue share in the market in 2023. North America, particularly the United States and Canada, has stringent safety regulations governing vehicle manufacturing and safety standards. Recently, there has been an increasing focus on child safety in vehicles, leading to regulations and guidelines mandating or encouraging the implementation of CPDS in new vehicles.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 34.8 Million |
| Market size forecast in 2031 | USD 493 Million |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 39.9% from 2024 to 2031 |
| Number of Pages | 195 |
| Number of Tables | 260 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Sales Channel, Types, Region |
| Country scope |
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| Companies Included | Valeo SA, FORVIA SE, Magna International, Inc., Texas Instruments, Inc., Continental AG, Aptiv PLC, Robert Bosch GmbH, Visteon Corporation, Aisin Corporation (Toyota Motor Corporation) and STMicroelectronics N.V. |
By Sales Channel
By Types
By Geography
This Market size is expected to reach $493 million by 2031.
Increasing awareness of child safety are driving the Market in coming years, however, High cost of implementation restraints the growth of the Market.
Valeo SA, FORVIA SE, Magna International, Inc., Texas Instruments, Inc., Continental AG, Aptiv PLC, Robert Bosch GmbH, Visteon Corporation, Aisin Corporation (Toyota Motor Corporation) and STMicroelectronics N.V.
The expected CAGR of this Market is 39.9% from 2023 to 2031.
The OEM segment led the Market by Sales Channel in 2023; thereby, achieving a market value of $340.8 Million by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $184.5 Million by 2031.
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