DUBLIN--(BUSINESS WIRE)--The "Global Automotive Retractable Door Handle System Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
Global automotive retractable door handle system market to grow at a CAGR of 84.46% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is growing introduction of automotive near-field communication IC for secure car access by NXP. This innovation is associated with many safety and compatibility concerns. The system can be configured to be accessed by fingerprint sensor and smartphone application. The system works on NXP chipset NCx3320. This makes it possible to create secure solutions and implementation of near-field communication (NFC)-based access cards in an automotive environment.
According to the report, one of the major drivers for this market is the rising demand for performance and luxury vehicles. The luxury goods market is rising at a moderate rate and is expected to sustain the momentum for the next decade as well. The major high-performance vehicle OEMs such as Ferrari, McLaren, and Automobili Lamborghini estimated that the supercar and supports car market will grow at a CAGR of 11.6% during the forecast period. The unique combination of performance, luxury, and feature of TESLA Model 3 has set a high benchmark for the performance vehicle designers. The performance features for Model 3 are much better than all its segment competitors.
Further, the report states that one of the major factors hindering the growth of this market is the high cost of system as compared to standard selling door handle mechanism.
- Huf Hulsbeck & Furst
Other Prominent Vendors
- WITTE Automotive
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Types of Latching Mechanism
Part 07: Regional Landscape
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/dccnfd/global_automotive?w=4