Occupant Monitoring System Market Size

Occupant Monitoring System Market size is expected to cross USD 230 Million by the end of 2036, expanding around 20% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of occupant monitoring system was USD 45 Million. The growth of the market can be attributed to the growing adoption of connected vehicles. In 2023, globally around 192 million connected vehicles are deployed on the road and it is expected to surpass 400 million by the end of 2025. Owing to the greater use of electronics in automobiles over the last decade has increased the capability of monitoring and recording both the external and internal surroundings of the vehicle. Connected automobiles are able to exchange this type of data with additional devices, particularly other cars, through the Internet.

In addition to these, factors that are believed to fuel the growth of occupant monitoring system market include the growing number of border security checkups. Stringent border security requires thorough inspections of vehicles, which increases the demand for advanced occupant monitoring solutions to ensure compliance and security. Stringent border security is often a matter of national security and occupant monitor plays a crucial role in detecting any potential threat to the nation. At border crossings and checkpoints, occupant monitoring systems are utilized to inspect vehicles and verify the number of occupants. The use of occupant monitoring systems has become increasingly important during COVID-19 to detect any potential cases of COVID positive among passengers crossing international borders. Furthermore, the system can also help crime authorities find cases of smuggling, human trafficking, and illicit goods transportation among many others. UK Defense and Security Exports have also introduced new security measures that will involve the use of various advanced technology that will maintain security at international borders.