LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global automotive intelligent door system market to grow at a CAGR of almost 16% during the period 2018-2022, in their latest report.
A major trend being witnessed in the market is the soft-close door's capability to detect obstacles. The automotive industry has observed advances across all the sectors ranging from safety and security to luxury and convenience. These advances have been rapid and have been made possible owing to the increasing use of electronic components in vehicles. The rapid electrification of traditional mechanical components has allowed for the increased incorporation of advanced safety and security features in automobiles. At present, 40%-50% of the vehicle's cost is attributed to electronic components. The high-cost share is attributed to the increased number of sensors used per vehicle because of the rising demand for safety features such as advanced driver assistance systems (ADAS) and electronic braking system.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this research report, Technavio analysts project the demand for convenience features and keyless entry systems as a key factor contributing to the growth of the global automotive intelligent door system market:
Demand for convenience features and keyless entry systems
Intelligent door system provides convenience to the user. In case of multiple people entering or exiting the vehicle, keyless entry system offers a central locking mechanism where the driver can unlock or lock doors for everyone. Besides, the reduced cost is leading to the adoption of this system, even in low and mid-segment cars and vehicles. This system is ideal for use in extreme weather conditions, where a quick entry and exit is required. Additionally, the integration of intelligent door system with other functionalities of vehicles such as ignition system led to the introduction of start-stop button ignition.
According to a senior analyst at Technavio for automotive electronics, “The push ignition system not only eradicates manual effort to start the vehicle but also starts the vehicle relatively quicker. Moreover, with the integration of features such as tire pressure monitoring system and onboard diagnostic system with keyless entry system, information on low tire pressure or the need for engine oil change can be displayed on the key fob. Thus, major OEMs have developed and introduced keyless system technologies in their vehicles due to the convenience of the system.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global automotive intelligent door system market segmentation
This market research report segments the global automotive intelligent door system market by technology (power sliding door system, soft close door system, and retractable door handle system) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The global automotive intelligent door system market was dominated by the power sliding door system segment, contributing to more than 55% of the total market in 2017. This domination can be attributed to the high-volume sales and demand for luxury passenger and cargo vans.
In 2017, in terms of number of systems, the market was dominated by APAC, which accounted for approximately 37% of the market share. APAC is expected to witness the fastest growth during the forecast period, leading to an increase in its global share by nearly 8%.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.