New York City, NY: Jun 20, 2019 – Published via (Wired Release) – Automotive smart seating systems are advanced systems that offer enhanced driving experience with added comfort and safety features. Smart seating systems automatically positions and monitors behavioral dynamics of the individual in the seat. Additionally, automotive smart seating systems have ability to measure driver’s vital information such as heart rate, stress level, breath rate, and also senses sign of fatigue or exhaustion.
According to the report, 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. 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.
According to the report, increasing disposable income and rising automotive sales are major key factors expected to drive demand for automotive smart seating systems in developed and developing economies. In addition, technological advancements, development of new and innovative systems with features such as smartphone integration, seat ventilation, and massage system are further propelling demand for automotive smart seating systems. Smart seating systems can alert a driver if the person is feeling tired or sleepy, which is another feature that is driving its popularity, especially among individuals who commute over long distances regularly.
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Global Automotive Smart Seating Systems Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global automotive smart seating systems market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global automotive smart seating systems market is expected to expand at a moderate CAGR of 9.3% during the forecast period.
Global Automotive Smart Seating Systems Market: Segmental Snapshot
The market report has been segmented on the basis of end user, and region. The end user segments include OEM, and aftermarket. The regions covered in the analysis are The Americas, Europe, Asia Pacific, and Rest of the World.
By end user: OEM segment is estimated to register a CAGR of over 8.8%, thereby accounting for highest revenue share among the end user segments.
By region: The market in The Americas accounted for highest revenue share in the global automotive smart seating systems market in 2016. The market in Asia Pacific is expected to record highest CAGR of over 9.3% in terms of revenue between 2017 and 2026.
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Global Automotive Smart Seating Systems Market: Competitive Analysis
The research report on the global automotive smart seating systems market includes detailed competitive analysis on major companies such as Faurecia, DURA Automotive Systems, Lear Corporation, Continental AG, Johnson Controls, and Manga International, Inc.
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