The global automotive smart seating systems market is estimated to value US$ 20,938.1 million in 2017, and is projected to register a CAGR of over 9% in terms of value during forecast period 2017–2026. The first five-year cumulative revenue (2017–2021) is projected to be US$ 1,23,382.4 Mn, which is expected to increase rather significantly over the latter part of the five-year forecast period.
Automotive smart seating system is advanced seating system, offers improved driving experience with added safety and comfort features. Smart seats are light in weight and thereby offers more flexibility to OEMs, attractive visual design and seating comfort. Some of the smart seats have preinstalled self-cooling and massage systems, which provide a comfort to drivers during long distance travel. Moreover, smart seating systems have an ability to measure driver’s physical information such as heart rate, breath rate, stress, and senses sign of exhaustion or fatigue.
Increasing long distance travelling is one of the major factor driving growth of the global market. Long distance of travelling can lead to tiredness and fatigue in individuals, which can be reduced to a certain level by employing of smart seating systems. Increasing number of vehicles has led traffic congestion especially in metro cities, leading to increased commute time, and this has created demand for smart seats in order to provide comfort to driver.
The global automotive smart seating system market report has been segmented on the basis of end-users and region. The global automotive smart seating system market has been segmented into original equipment manufacturers (OEM) and aftermarket, on the basis of end-users. The original equipment manufacturers segment is expected to grow at highest CAGR during the forecast period and is expected to contribute major market share in terms of revenue in next eight years.
Among all end user segments, OEM segment in the global automotive smart seating systems market is expected to register a CAGR of over 10% over the forecast period. The OEM segment in the global automotive smart seating systems market is estimated to account for revenue share of over 70%, owing to better quality assurance, warranty, and proper integration of system with the automotive.
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On the basis of region, the global automotive smart seating system market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region is anticipated to generate highest revenue for automotive smart seating system market, owing to high acceptance for smart seating systems among the automotive industries. The market in Asia Pacific is expected to witness significant growth over the forecast period, and register a CAGR of over 9%, which is moderately higher than that of other regions.
Key players operational in the global market include Johnson Controls, Magna International, Faurecia, Continental, Lear corporation, DURA Automotive Systems, and Toyota Boshoku.
Table Of Content:
1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
2.0 Chapter 2
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, End User
- 2.2.2 Market Snapshot, By Region
3.0 Chapter 3
- 3.1 Global Automotive Display System Market Dynamics
- 3.1.1 Drivers
- 3.1.2 Restraints
- 3.1.3 Opportunities
- 3.1.4 Trends
- 3.1.5 PEST Analysis
- 3.1.6 PORTERS Analysis
4.0 Chapter 4
- 4.0.1 Global Automotive Display System Market Analysis, by Display Types
- 4.0.2 Overview
- 4.0.3 Segment Trends
- 4.0.4 Market Share and Forecast, and Y-o-Y Growth, 2016-2026, (US$ Million)
- 4.1 Center Stack Display (CSD)
- 4.1.1 Overview
- 4.1.2 Market Share and Forecast, and Y-o-Y Growth, 2016-2026, (US$ Million)