Automotive Seat Control Module Market
Automotive Seat Control Module Market Expanding Due to Evolving Customer Preference for Smart Seat Solutions: Persistence Market Research Study
NEW YORK CITY, NEW YORK, UNITED STATES, September 15, 2022 /EINPresswire.com/ — According to the latest findings by Persistence Market Research, “sales of automotive seat control modules” are anticipated to attain a worth of US$ 8.95 Bn in 2022 with consistent long-term projections for the market. According to the report, the market will expand at 5.3% CAGR from 2022 to 2032. Automotive seat management modules are seeing growing gross sales as clients demand extra snug seats and numerous automobile inside equipment.
Integrated methods that management seat features are environment friendly and enormously enhance driving effectivity. Consumer choice for luxurious autos is increasing on account of know-how being built-in into automotive physique components. The marketplace for automotive seat management modules is predicted to develop on account of components equivalent to fast-developing economies and fast urbanization introduced on by substantial investments in infrastructure equivalent to roads and bridges.
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Key Takeaways from Market Study
By sort, handbook automotive seat management modules are anticipated to witness demand progress at 4.7% CAGR by quantity throughout the forecast interval of 2022 to 2032.
Among the purposes, automotive seat management modules with seat changes are extra broadly demanded.
By area, East Asia and South Asia Pacific are anticipated to witness substantial progress out there. Sales of automotive seat management modules in China, India, and Brazil are anticipated to enhance at excessive CAGRs by way of quantity.
By automobile sort, SUVs and luxurious autos, collectively, are estimated to maintain a distinguished quantity share of 42.4% in 2022.
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“The market for automotive seat control modules is being driven by increased popularity of premium automobile vehicles and high demand for relaxed and comfortable seating options,” says a Persistence Market Research analyst.
Demand Analysis of Automotive Seat Control Modules (2017-2021) Vs. Market Forecasts (2022-2032)
Automotive seat management module gross sales have been consistent over the previous 5 years on account of rising shopper demand for consolation, security, and aesthetics in autos. OEMs are concentrating on including essentially the most automation attainable to autos in order that consolation and security can coexist. Countries with the quickest progress on this business are the United States, China, and Japan.
By quantity, demand for automotive seat management modules is projected to enhance at 4.9% CAGR within the first half of the forecast interval and 4.2% within the second half, owing to numerous options being integrated in seat management modules equivalent to seat heating and air con, seat place adjustment, therapeutic massage perform, and headrest positioning.
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Competitive Landscape
Leading producers of automotive seat management modules embrace Continental AG, Infineon Technologies AG, Hyundai Mobis Co., Ltd., HELLA GmbH & Co. KGaA, Lear Corporation, Magna Seating Inc, Robert Bosch, ZF Friedrichshafen, Texas Instrument, STMicroelectronics, APTIV, NXP Semiconductors NV, Toyota Boshoku, and Dorman Products Inc, Diodes, Inc.
Key market gamers are creating distinctive automotive seat management modules to acquire a aggressive edge out there. To enhance their world attain, market contributors are additionally closely investing in enlargement, mergers, acquisitions, and strategic partnerships.
Explore PMR’s Extensive Coverage on Industrial Automation Domain – https://www.globenewswire.com/news-release/2022/08/25/2504679/0/en/Worldwide-Automotive-Seat-Control-Module-sales-are-anticipated-to-increase-at-a-CAGR-of-5-3-between-2022-and-2032-Persistence-Market-Research.html
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