Automotive Industry Growth: Seats and Collision Avoidance Systems Set for Significant Expansion

Automotive Seats Market Size to Surge to USD 106.9 Billion Recording At A 4.1% CAGR from 2024-2034: Transparency Market Research

Wilmington, Delaware, United States, Transparency Market Research, Inc., July 16, 2024 (GLOBE NEWSWIRE) -- The automotive seats market (자동차 시트 시장) was projected to attain US$ 68.8 billion in 2023. It is likely to garner a 4.1% CAGR from 2024 to 2034, and by 2034, the market is expected to attain US$ 106.9 billion. Increasing consumer preference for customized and personalized seating options is driving OEMs and aftermarket suppliers to offer a wider variety of seat designs and features. There is a growing emphasis on ergonomic design to reduce driver fatigue and improve overall comfort, especially for long distance travel. The integration of smart technologies, such as sensors for health monitoring, connectivity features, and AI driven adjustments, is becoming a major trend. Modular seating designs that allow for easy reconfiguration and customization are becoming popular, particularly in multi-purpose vehicles and shared mobility solutions. Download Sample PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=47895 The demand for luxury vehicles is increasing the adoption of premium features such as memory foam, high end upholstery, and advanced recline mechanisms. The aftermarket for automotive seats, including upgrades and replacements, offers substantial opportunities, particularly in regions with older vehicle fleets. Collaborations between automakers, seat manufacturers, and tech companies can lead to the development of innovative seating solutions. Key Findings of the Market Report There is a growing trend towards enhancing the aesthetic appeal of car interiors, with stylish and high quality seat designs becoming a selling point for many consumers.The use of AR and VR in designing automotive seats allows for better visualization and customization, improving the design process and customer satisfaction.There is an increased focus on enhancing rear seat comfort and features, such as reclining capabilities and entertainment systems, as luxury and premium cars gain popularity.The development of seats that can adapt to the occupant's size, weight, and preferred seating position automatically, improving comfort and safety. Market Trends for Automotive Seats On the basis of seat type, the bucket seats segment is anticipated to stimulate the growth of the automotive seats market. Bucket seats are widely used in sports cars and luxury vehicles due to their superior support and aesthetics, catering to the high end market segment that values performance and comfort.By material type, the synthetic leather seats segment is expected to boost the market growth. Synthetic leather is known for its durability and resistance to wear and tear. It is also easier to clean and maintain compared to genuine leather, appealing to consumers looking for practical and long lasting seat materials. Global Market for Automotive Seats: Regional Outlook North America North America, particularly the United States, has a high level of vehicle production and sales, driving demand for automotive seats. The presence of major automakers and a robust automotive industry infrastructure supports market growth.The region is at the forefront of automotive technology, including advancements in seat design and features such as heating, cooling, massage functions, and integrated electronics, which enhance comfort and convenience. Asia Pacific Major automotive manufacturers are expanding their production facilities in the Asia Pacific region due to lower production costs and favorable government policies. The expansion increases the demand for automotive components, including seats.The increasing focus on reducing carbon emissions and the growing adoption of electric vehicles in countries like China and Japan are driving the need for innovative and lightweight automotive seats(자동차 좌석). Get Instant Access to Sample PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=47895 Automotive Seats Market: Key Players The competitive landscape of the automotive seats market is characterized by intense competition among key players striving to gain market share through strategies such as product innovation, strategic partnerships, mergers and acquisitions, and geographic expansion. The following companies are well known participants in the automotive seats market: Adient plcLear Corp.FORVIA FaureciaMagna International Inc.TOYOTA BOSHOKU CORPORATIONAntolinBrose Fahrzeugteile SE & Co. KGTS TECH CO., LTD.NHK Spring Co. Ltd.YanfengJohnson Controls International plc (now merged with Adient)TACHI-S CO.,LTD.GRAMMER AGRECARO Holding GmbHBrose Sitech GmbHAISIN SHIROKIGUELPH MANUFACTURING Key Developments In 2022, Lear Corporation strategically revealed its acquisition of InTouch Automation, a provider of sophisticated automated testing equipment and Industry 4.0 technologies crucial to automotive seat production. Lear aims to optimize its just in time seating manufacturing process by integrating InTouch's product lineup, which standardizes testing protocols and boosts real time data gathering and analysis capabilities.In 2022, Toyota Boshoku Corporation, Aisin Corporation, and Shiroki Corporation unveiled a collaborative agreement. Under the agreement, two overseas manufacturing subsidiaries responsible for seat frame mechanisms, previously under Aisin's purview, will be transferred to Toyota Boshoku. Automotive Seats Market Segmentation Seat Type Bucket SeatsBench SeatsSplit-folding SeatsReclining SeatsCaptain Chairs Material Type Leather SeatsFabric SeatsSynthetic Leather SeatsVinyl SeatsOthers Technology Powered SeatsHeated SeatsVentilated SeatsMassage SeatsMemory Seats Component FramesSteelAluminumCarbon-Amide MetalOthersFoam PaddingUpholsterySeat AdjustersHeadrestsLumbar SupportSeat Cushion ExtensionsOthers Vehicle Type Passenger CarsHatchbacksSedansSUVsLight Commercial VehiclesHeavy Duty TrucksBuses and CoachesOff-road VehiclesAgriculture EquipmentIndustrial EquipmentConstruction and Mining EquipmentOthers Vehicle Category (Number of Seats) Up to 4 Seaters5 Seaters6 Seaters7 Seaters8 SeatersMore than 8 Seaters Installation Position Front SeatsRear Seats Sales Channel OEMAftermarket Region North AmericaSouth AmericaEuropeAsia PacificMiddle East & Africa Purchase the Report for Market-Driven Insights: https://www.transparencymarketresearch.com/checkout.php?rep_id=47895&ltype=S Have a Look at More Valuable Insights of Automotive Connected Car Devices Market: The global connected car devices market (커넥티드 카 기기 시장) was valued at US$ 26.21 Billion in 2021 and is projected to grow at a CAGR of 7.25% from 2022 to 2031 to reach US$ 52.78 Billion by 2031.Port and Handling Equipment Tire Market: The global port and handling equipment tire market (항만 및 처리 장비 타이어 시장) is projected to flourish at a CAGR of 3.7% from 2022 to 2032.Automotive Solenoid Market - The global automotive solenoid market (자동차 솔레노이드 시장) is estimated to grow at a CAGR of 6.3% from 2024 to 2034 and reach US$ 9.8 Billion by the end of 2034Automotive Diesel Exhaust Fluid Market - The global automotive diesel exhaust fluid market (자동차 디젤 배기 유체 시장) is expected to grow at a CAGR of 5.1% from 2024 to 2034 and reach US$ 62.1 Billion by the end of 2034. About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. 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Collision Avoidance System Market Size to Surpass USD 140.46 Bn by 2033

Ottawa, July 16, 2024 (GLOBE NEWSWIRE) -- The global collision avoidance system market size is estimated to grow from USD 61.26 billion in 2023 to approximately USD 140.46 billion by 2033, a study published by Towards Automotive a sister firm of Precedence Statistics. Maximize your time with our condensed report insights! Access Here: https://www.towardsautomotive.com/insight-sample/1294 As the automotive industry continues its relentless pursuit of safety, collision avoidance systems have emerged as a critical technology to mitigate the risk of accidents on roads worldwide. A collision prevention system is a safety feature engineered to alert, warn, or aid drivers in evading imminent collisions, thereby minimizing the likelihood of accidents. In recent years, the collision avoidance system market has witnessed significant growth. The stringent safety regulations worldwide drive the adoption of advanced safety features in vehicles, encouraging manufacturers to integrate collision avoidance systems. Secondly, the increasing number of vehicles on roads, coupled with rising concerns about road safety, fuels the demand for such systems. Additionally, technological advancements, including improved sensor accuracy and artificial intelligence algorithms, enhance the effectiveness and reliability of collision avoidance systems, further boosting market growth. You can place an order or ask any questions, please feel free to contact us at [email protected] Key Trends and Findings Collision avoidance systems are becoming an integral part of ADAS, which includes features like adaptive cruise control, lane departure warning, and automatic emergency braking. Integration with ADAS enhances the overall safety capabilities of vehicles and provides a seamless driving experience.The proliferation of autonomous vehicle technology is driving the evolution of collision avoidance systems.V2X communication enables vehicles to exchange information with each other and with infrastructure, such as traffic signals and road signs. Collision avoidance systems can leverage V2X communication to receive real-time data about nearby vehicles and road conditions.The market in North America is propelled by stringent safety regulations, a high incidence of road accidents and technological advancements. These factors drive demand for advanced safety features further supporting the market growth.The Asia Pacific collision avoidance system market is fueled increasing vehicle ownership rates, combined with stringent safety regulations and government initiatives drive demand for collision avoidance systems. Get exactly what you need with a bespoke report! Request Now: https://www.towardsautomotive.com/contact-us Market Drivers Stringent Safety Regulations Safety regulations mandated by government agencies such as National Highway Traffic Safety Administration (NHTSA), European New Car Assessment Programme (Euro NCAP) and The Japan New Car Assessment Program (JNCAP), among others is anticipated to increase the adoption of collision avoidance systems within the automotive industry. As authorities aim to reduce the staggering toll of road accidents and fatalities, they enact and enforce stringent safety standards that mandate the inclusion of advanced safety technologies in vehicles. These regulations serve as a powerful incentive for automakers to integrate collision avoidance systems into their vehicles to comply with regulatory requirements. Moreover, stringent safety regulations also increase the consumer confidence in the effectiveness and reliability of collision avoidance systems, thereby driving consumer demand. Additionally, these regulations often create a level playing field within the automotive market, ensuring that all vehicles meet a minimum standard of safety. As a result, manufacturers prioritize the development and implementation of collision avoidance systems to not only meets regulatory mandates but also to differentiate their products and gain a competitive edge in the market. Increasing Vehicle Sales The increasing sale of vehicles globally is likely to augment the growth of the advanced safety features, such as collision avoidance systems. As the number of vehicles on roads continues to rise worldwide, the risk of accidents and collisions also escalates, necessitating the implementation of robust safety measures. According to The European Automobile Manufacturers' Association, in the initial three quarters of 2023, there was a notable surge of approximately 17% in car sales across the European Union (EU), with a projected growth of 12% expected for the entire year. Moreover, on a global scale, car sales experienced a substantial increase of nearly 9% during the same period. Also, in EU, the production of cars witnessed a remarkable upsurge, reaching over nine million units in the first three quarters of 2023, reflecting a notable 14% rise compared to the corresponding period in 2022. This growing need for enhanced road safety creates a significant market demand for technologies that can mitigate the likelihood and severity of accidents. Collision avoidance systems are significant in addressing this need by employing sensors, cameras, and radar to detect potential collisions and automatically intervene to prevent or mitigate the impact. Thus, manufacturers are increasingly prioritizing the inclusion of collision avoidance systems in new vehicle models. Consequently, the increasing sales of vehicles serve as a driving force for market growth, propelling the adoption of collision avoidance systems and contributing to the overall enhancement of road safety worldwide. Market Restraints High Costs The high costs associated with installing collision avoidance systems pose a significant restraint on their widespread adoption, particularly in price-sensitive markets. While these systems offer substantial safety benefits, including reduced accident rates and potential savings on insurance premiums, the initial investment required to implement them can be prohibitive for some consumers and manufacturers. The expense encompasses not only the purchase and installation of the necessary hardware and software but also potential maintenance and calibration expenses over the vehicle's lifespan. In price-sensitive markets where consumers prioritize affordability, the added cost of collision avoidance systems may deter them from opting for vehicles equipped with these technologies. Additionally, manufacturers face challenges in balancing the integration of collision avoidance systems with other cost-saving measures, such as light weighting and fuel efficiency enhancements. Market Opportunities Shift towards Electric and Autonomous Vehicles The increasing focus on electric and autonomous vehicles represents a significant opportunity for collision avoidance system manufacturers to innovate and develop specialized solutions for these emerging vehicle types. Electric vehicles (EVs) and autonomous vehicles (AVs) are revolutionizing the automotive industry with their emphasis on sustainability, efficiency and advanced technologies. Collision avoidance systems designed specifically for EVs can leverage the unique characteristics of electric propulsion systems, such as instant torque and regenerative braking, to optimize collision detection and avoidance strategies. Similarly, AVs rely on sophisticated sensor suites and artificial intelligence algorithms for navigation and control, presenting opportunities to integrate collision avoidance systems seamlessly into the autonomous driving ecosystem. By focusing on electric and autonomous vehicles, collision avoidance system manufacturers can capitalize on the growing market demand for safety technologies that enhance the performance and reliability of these vehicle platforms. Key Segment Analysis Technology Segment Analysis Preview The radar segment captured a substantial market share of 34.31% in 2023. The radar-based collision avoidance systems have long been recognized for their reliability, effectiveness, and versatility in detecting objects and obstacles in various driving conditions, including adverse weather and low visibility. This inherent robustness has led to widespread adoption of radar technology across different industries, including automotive, aviation and maritime. Moreover, continuous advancements in radar technology, such as the development of millimetre-wave radar and phased-array radar systems, have further enhanced the capabilities and performance of radar-based collision avoidance systems, driving market penetration. Application Segment Analysis Preview The automotive segment held largest market share of 31.33% in 2023. The automotive industry has witnessed a growing emphasis on vehicle safety, driven by increasing regulatory requirements and consumer demand for safer vehicles. This heightened focus on safety has led automakers to integrate advanced collision avoidance systems into their vehicles as standard or optional features, thus driving market demand within the automotive segment. Additionally, rising consumer awareness about the importance of safety features in vehicles, coupled with the availability of advanced driver assistance systems (ADAS) packages that include collision avoidance capabilities, has contributed to the segment's growth. Regional Insights North America dominated the market with 37.92% of shares in the global collision avoidance system market. North America has some of the most stringent safety regulations for vehicles. Regulations such as the New Car Assessment Program (NCAP) and requirements set by organizations like the National Highway Traffic Safety Administration (NHTSA) drive the adoption of advanced safety features, including collision avoidance systems. In 2021, motor vehicle crashes claimed the lives of 42,939 individuals. According to the latest estimate from the U.S. Department of Transportation, these crashes incurred an annual economic cost of $340 billion. Factors such as alcohol consumption, speeding, failure to use seat belts and other unsafe behaviors contribute significantly to the fatalities observed on the roads. Despite improvements in road safety over the years, North America still experiences a significant number of road accidents. The high incidence of accidents creates a strong demand for technologies that can help prevent collisions and reduce the severity of accidents, such as collision avoidance systems. Asia Pacific is expected to grow at fastest CAGR of 10.15% during the forecast period. Many countries in the region are experiencing rapid urbanization, leading to increased traffic congestion in major cities. Thus, there is a growing demand for technologies that can help mitigate the risk of accidents in densely populated urban areas, driving the adoption of collision avoidance systems. Additionally, governments across the region are increasingly implementing regulations and safety standards aimed at improving road safety. These regulations often mandate the inclusion of advanced safety features, such as collision avoidance systems, in new vehicles, thereby driving market growth. Key Market Players Some of the key players in collision avoidance system market are Bosch GmbH, ZF Friedrichshafen AG, Aptiv PLC, Mobileye (Intel Corporation), Autoliv Inc., WABCO Holdings Inc., Delphi Technologies (BorgWarner Inc.), Continental AG, DENSO Corporation, Valeo SA, Infineon Technologies AG, and Panasonic Corporation, among others. Recent Developments by Key Market Players October, 2023: Rosco and NEORide announced a strategic alliance aimed at advancing safety within the transportation sector. NEORide initiated this collaboration to streamline the acquisition process for collision avoidance systems and related services offered by Rosco Collision Avoidance, Inc. This partnership underscores the mutual dedication of both entities towards enhancing road safety, minimizing collisions, and optimizing fleet management. As part of the agreement, Rosco will supply NEORide members with the Mobileye Shield+ collision avoidance system through a nationwide procurement agreement.July, 2022: Iris Automation unveiled a ground-breaking partnership with Sagetech Avionics, introducing a comprehensive air risk mitigation solution for unmanned aircraft. Through this collaboration, Sagetech Avionics' TSO-approved MXS ADS-B transponder will integrate seamlessly with Casia via Sagetech's ACAS X sensor fusion and collision avoidance module. This integration offers a holistic air risk mitigation solution encompassing detection and avoidance capabilities.November, 2021: Brigade Electronics introduced Sidescan Predict, the latest iteration of collision avoidance systems. Developed in collaboration with Cambridge University through the Knowledge Transfer Partnership initiative, this system underwent extensive testing over a span of seven years, including 10,000 hours of research.April, 2021: Spark Minda partnered with Israel-based Ride Vision to introduce a range of Artificial Intelligence-enabled Collision Avoidance Technology solutions in the domestic two-wheeler market. More Insight of Towards Automotive The global automotive fleet leasing market size is estimated to reach USD 57.53 billion by 2033, up from USD 28.18 billion in 2023, at a compound annual growth rate (CAGR) of 7.49%. The global automotive relay market size is estimated to grow from USD 16.62 billion in 2023 to reach an estimated USD 34.29 billion by 2032, growing at 8.38% CAGR between 2024 and 2032. The automotive tire pressure monitoring systems market size was valued at USD 8.38 billion in 2022 and is expected to grow USD 23.52 billion by 2032 at a CAGR of around 10.10% from 2023 to 2032. The electronic toll collection market size was valued at USD 6.62 billion in 2023 and is expected to grow USD 26.1 billion by 2032 at a CAGR of around 12.86% from 2024 to 2032. The locomotive market size was valued at USD 7.41 billion in 2023 and is expected to grow USD 15.6 billion by 2032 at a CAGR of around 7.23% from 2024 to 2032. The bicycle market size was valued at USD 52.1 billion in 2023 and is expected to grow USD 115.6 billion by 2032 at a CAGR of around 7.73% from 2024 to 2032. The cars market size was valued at USD 1.3 trillion in 2023 and is expected to grow USD 4.2 trillion by 2032 at a CAGR of around 11.15% from 2024 to 2032. The power sport accessories market size was valued at USD 4.20 billion in 2023 and is expected to grow USD 15.27 billion by 2032 at a CAGR of around 12.17% from 2024 to 2032. The car detailing service market size was valued at USD 4.78 billion in 2023 and is expected to grow USD 12.37 billion by 2032 at a CAGR of around 9.15% from 2024 to 2032. The electric vehicle charging station market size was valued at USD 32.1 billion in 2023 and is expected to grow USD 300.22 billion by 2032 at a CAGR of around 19.18% from 2024 to 2032. Market Segments By Device Autonomous Emergency Braking (AEB)Tire Pressure Monitoring System (TPMS)Adaptive Cruise Control (ACC)Electronic Stability Control (ESC)Lane Departure Warning (LDW)Forward Collision Warning System (FCWS)Blind Spot Detection (BSD)Night Vision (NV)Driver Monitoring System (DMS) By Technology Radar-Based SystemsLiDARCamera-Based SystemsUltrasonic SensorsGPS & GNSS By Application AutomotiveAviationRailwayMiningMarineOthers By Region North America U.S.CanadaMexico Europe U.K.FranceGermanyItalySpainRest of Europe Asia Pacific ChinaJapanIndiaSouth KoreaSouth-East AsiaRest of Asia Pacific Latin America BrazilArgentinaRest of Latin America Middle East & Africa GCC CountriesSouth AfricaRest of Middle East & Africa Acquire our comprehensive analysis today @ https://www.towardsautomotive.com/price/1294 You can place an order or ask any questions, please feel free to contact us at [email protected] Subscribe to our Annual Membership and gain access to the latest insights and statistics in the automotive industry. Stay updated on automotive industry segmentation with detailed reports, market trends, and expert analysis tailored to your needs. Stay ahead of the competition with valuable resources and strategic recommendations. Join today to unlock a wealth of knowledge and opportunities in the dynamic world of automotive: Get a Subscription About Us Towards Automotive is a premier research firm specializing in the automotive industry. Our experienced team provides comprehensive reports on market trends, technology, and consumer behaviour. We offer tailored research services for global corporations and start-ups, helping them navigate the complex automotive landscape. With a focus on accuracy and integrity, we empower clients with data-driven insights to make informed decisions and stay competitive. Join us on this revolutionary journey as we work together as a strategic partner to reinvent your success in this ever-changing packaging world. 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