Market Synopsis
As per the analysis by Market Research Future Reports (MRFR), the global automotive intelligent door system is estimated to expand at a CAGR of 14.9 %. during the forecast period. The increasing concern regarding safety is the primary reason driving the global automotive intelligent door system market 2020. The expanding automotive industry is another important reason for the growth of the market. Moreover, the increasing technological innovation in the door panel components has increased the demand. Besides, the increasing demand for convenience features in cars and the rising demand for autonomous vehicles is estimated to propel the global automotive intelligent door market.
Apart from this, expeditious increase in the sales of passenger cars at a global level has influenced the market to a great extent. The intelligent door system provides comfort, secure driving, and convenient experience to the passenger and driver. The increasing demand for the key less entry system and conversion of mechanical components to electrical components and innovative designs of door panels further propel the market growth.Furthermore, the automobile manufacturers are evolving advanced safety, and secure systems in automobiles are thrusting the demand for intelligent door systems. The proficiency of soft-close doors to identify barriers is one of the reasons which influence the demand for intelligent door system at the global level. However, the standard selling door handle being way cheaper than the retractable door will hamper the growth of the global automotive intelligent door market.
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Key Players
The most important players of the global automotive intelligent door system market are Continental AG (Germany), Brose Fahrzeugteile GmbH & Co. KG (Germany), Huf Hülsbeck & Fürst GmbH & Co. KG (Germany), Johnson Electric (Hong Kong), Kiekert AG (Germany), WITTE Automotive (Germany), SMARTRAC N.V. (Amsterdam), and some others.
Market Segmentation
The global automotive intelligent door system can be segregated on the basis of vehicle type, technology, and region.
On the basis of vehicle type, the global automotive intelligent door system can be divided into commercial vehicles, passenger cars, and electric vehicles.
On the basis of technology, the global automotive intelligent door system can be divided into a soft close door system, power sliding door system, and retractable door handle system.
On the basis of region, the global automotive intelligent door system can be divided into Europe, Asia-Pacific, North America, and the Rest of the World (RoW).
Regional Analysis
On the basis of geographical analysis, Europe, Asia-Pacific, North America, and the Rest of the World (RoW) have been studied. As per the analysis by MRFR, the APAC region is estimated to lead the market during the review period. The APAC market is expanding due to the surging demand for commercial and passenger vehicles in India, China, and Japan. Besides, the safety and security system is likely to drive the expansion of the automotive intelligent door system market during the review period. Moreover, the increasing investment in the region has also led to the expansion on a regional level.
The APAC region is estimated to acquire the highest CAGR during the review period due to the rising sales of luxurious vehicles, increased purchasing power, and the increasing GDP. The second position is attained by North America. The presence of technologically developed countries like the US and Canada play a significant role in the regional expansion of the market. Besides, the well-developed road infrastructure, presence of luxury automobiles manufacturer, higher per capita income of the North American and European region is likely to propel the market exponentially.
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