- Increasing demand is fueling the growth of the global automotive smart seating systems market.
- High production costs and stringent government regulations may hamper the growth of the market to a considerable extent.
- The OEM segment in the global automotive smart seating systems market accounts for majority revenue share.
Global Automotive Smart Seating Systems Market size was valued at $20.9 billion in 2017 and is projected to record CAGR of about 9.00% during forecast timeframe.
Worldwide Market Reports offers 2019 report on Global Automotive Smart Seating Systems Market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2028. Automotive Smart Seating Systems Market research report thoroughly explains each and every aspect related to the Automotive Smart Seating Systems Market, which facilitates the report’s reader to study and evaluate the upcoming market trend and execute the analytical data to promote the business. The growth trend forecasted on account of thorough examination offers in-depth information regarding the global Automotive Smart Seating Systems Market. A pathway of development is offered by the market to the several connected networks of businesses under it, which include different firms, industries, organizations, vendors, distributors, and local manufacturers too. All the key Automotive Smart Seating Systems Market players compete with each other by offering better products and services at a reasonable price in order to grab significant share at the regional and global level market.
The global automotive smart seating systems market was valued at $19.4 billion in 2016 and is projected to reach $43.3 billion in 2026 at a CAGR of 8.4% from 2017 to 2026. The OEM segment in the global automotive smart seating systems market accounts for majority revenue share of 77.4%, owing to factors such as inclusion of value-added features in smart seat systems, and increasing adoption of smart seat systems in luxury cars.
Automotive smart seating systems are advanced systems that offer enhanced driving experience with added comfort and safety. Integration of these systems have made them lightweight without compromising on visual design or seat comfort. Some of the systems integrated have self-cooling systems and massage systems. These systems help in positioning, and monitoring behavioral dynamics. Moreover, smart seats have the ability to measure the driver’s vital information such as heart rate, stress level, breathing rate, and can also senses signs of fatigue or exhaustion.
Major factors fueling the growth of the global automotive smart seating systems market include increasing demand for additional functionalities, rising demand for enhanced comfort during long drives, and increasing incidence of road accidents is both developed and developing countries. However, high cost involved in the production of smart seating systems, and stringent regulatory policies may hamper the growth of the global automotive smart seating systems market to a considerable extent.
Automotive Smart Seating Systems market report handover regional inspection & prediction (2019-2028) inclusive of following regions:
- North America (USA, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Leading Nutrition Lipid Market Players:
Toyota Boshoku, Continental, Johnson Controls, DURA Automotive Systems, Lear corporation, Faurecia and Magna International.