Automotive Intelligent Door System Market Size, Share, Growth, Analysis Forecast to 2023
Posted November 11,2019 in Cars and Vehicles.
The automotive intelligent door system is capable of automating functions such as central locking, which is highly essential in case of any emergency. Intelligent door systems work digitally and do not require any key. Market Research Future (MRFR) has recently published a comprehensive report on the global Automotive Intelligent Door System Market Size, which covers the key dynamics affecting the market over the forecast period of 2017-2023. After thorough analysis, MRFR has asserted that the market is likely to achieve a CAGR of 11% during the forecast period.
Automotive intelligent door systems provide various advantages such as enhanced comfort, convenience, and security, which enhances the overall driving experience, purveyed by various sensors and digitalized systems that are present in the system. Towering interest in advanced vehicle technologies coupled with the rising demand for keyless entry systems is key to market growth. Besides, heightened sale of premium cars, which are inevitably equipped with automotive intelligent door systems, is fostering the growth of the Automotive Intelligent Door System Market Size.
Technological advancements in these systems along with the incorporation of IoT and other sophisticated technologies has further made these systems robust, which is fueling the demand for these systems. In addition, rising conversion of mechanical components to electrical components along with the availability of attractive designs is creating a conducive environment for the growth of the market. Other factors contributing to the market growth include the rising sale of luxury cars across the globe.
Conversely, the automotive intelligent door systems market growth can be hindered by the high cost of retractable door handles as compared to traditional door handle systems.
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The Automotive Intelligent Door System Market Size has been segmented based on technology and vehicle type.
By technology, the Automotive Intelligent Door System Market Size has been segmented into retractable door handle system, power sliding door system, and soft close door system.
By vehicle type, the Automotive Intelligent Door System Market Size has been segmented into passenger cars, electric vehicles, and commercial vehicle.
Region-wise, the global Automotive Intelligent Door System Market Size has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
APAC is the largest market for automotive intelligent door system. The prolific growth of the automotive industry, along with the augmented demand for passenger and commercial vehicles, is spurring the growth of the market. Rise in the level of security and safety concerns is a key factor which is expected to boost market growth. Other driving factors include the rise in disposable income and increasing sales of premium vehicles.
North America is an important market for automotive intelligent door system. High sale of luxury cars, where intelligent door systems are a standard feature is boosting the growth of the market. Other factors include an affinity for advanced technologies and rapid expansion of the automotive industry. The US is the most significant market in North America.
The Europe market is likely to exhibit noteworthy growth over the forecast period. The presence of an established automotive industry and growing demand for intelligent door systems from the premium car segment is augmenting the growth of the market.
In RoW market, the growing sale of high-end cars in the Middle East is creating lucrative opportunities for the growth of the automotive intelligent door systems market.
Brose Fahrzeugteile GmbH & Co. KG (Germany), Continental AG (Germany), Kiekert AG (Germany), WITTE Automotive (Germany), Huf Hülsbeck & Fürst GmbH & Co. KG (Germany), SMARTRAC N.V. (Amsterdam), and Johnson Electric (Hong Kong) are the key players in the Automotive Intelligent Door System Market Size.