Occupant Monitoring System Market Share

North American Market Forecast

The occupant monitoring system market in North America is projected to be the largest with a share of about 36% by the end of 2036. The growth of the market can be attributed majorly to rising cases of death in the region. Accidents involving vehicles are the main cause of death in the United States for people aged 1 to 54, and the greatest cause of non-natural death for US nationals living or traveling overseas. In addition to this, the occupant monitoring system market growth in North America is also attributed to the growing focus of the government on advancing the sensing technology in the vehicles

Europe Market Statistics

The European occupant monitoring system market is estimated to be the second largest, registering a share of about 26% by the end of 2036. The growth of the occupant monitoring system market can be attributed majorly to the rising government efforts for the deployment of advanced vehicles on the road. For instance, the European Commission has introduced new Vehicle General Safety regulations. It sets the legal basis for the approval of automated and fully driverless vehicles in the EU and includes a variety of mandatory advanced driver assistance systems to increase road safety.