A recent report published by Infinium Global Research on automotive smart seating market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive smart seating market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive smart seating market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive smart seating market. According to the report, the global automotive smart seating market is projected to grow at a CAGR of 9.7% over the forecast period of 2019-2025.
Automotive smart seating provides enhance safety, comfort, communication and flexible seating and storage. These seats deliver an important connection between the occupant and vehicle experience. It measures heart and respiratory rates of the occupant and also monitors the position of the occupant. Advancement in design and high level of integration combines to produce a lighter seat structure which helps the fuel efficiency. The automobile industry is making a developing vehicle that could provide health monitoring service with the Internet of Things (IoT).
New development in the automotive industry and increasing demand for luxury vehicles for the comfort of the passengers are the driving factor for the growth of the global automotive smart seating market. Government regulation regarding the safety of the passenger as an increased rate of road accidents is also a driving factor for the growth of the automotive smart seating market. On the other hand, the high cost associated with the raw material hampers the growth of the global automotive smart seating market. Furthermore, rising demand for the efficient and advanced material for the production of smart seats create an opportunity for the growth of the global automotive smart seating market.
Geographically, North America region dominates by the largest market share in the automotive smart seating market due to the adoption of advanced technologies by the manufacturer for the safety of the passenger and emergence of the connected or autonomous vehicles. In North America, the U.S accounted for the highest share followed by Canada and Mexico. Europe holds the second position in the global automotive smart seating market. In Europe, Germany is the leading country for the production of vehicles. Asia Pacific region expected to boost the growth of the automotive smart seating market due to the presence of major manufacturers such as Alpine Electronics, Inc., Panasonic Corporation, and other manufacturers. In Asia-Pacific, China holds the highest share followed by Japan and India.
The report on global automotive smart seating market covers segments such as vehicle type, and end user. On the basis of vehicle type, the sub-markets include commercial vehicle, and passenger vehicle. On the basis of end user, the sub-markets include OEMs, and aftermarket.
The report provides profiles of the companies in the market such as Johnson Controls International plc, Faurecia, Magna International Inc., Continental AG, DURA Automotive Systems, LLC, Lear Corporation, Nippon Seiki Co., Ltd., Garmin Ltd., Panasonic Corporation, Alpine Electronics, Inc., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive smart seating market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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