Automotive Smart Seating Systems Market Infographics Description:
- The worldwide automotive smart seating systems market was valued at US$ 19,370.0 Mn in 2016.
- Automotive smart seating systems market is projected to reach US$ 43,334.7 Mn in 2026.
- During forecast years 2017 to 2026, the automotive smart seating systems market is expected to register at a CAGR of 8.4%.
- The OEM segment in the global automotive smart seating systems market accounts for a majority revenue share of 77.4%, owing to factors such as the inclusion of value-added features in smart seat systems, and increasing adoption of smart seat systems in luxury cars.
- Revenue from OEM segment in the global automotive smart seating systems market is growing at a CAGR of 8.8%.
- Revenue from the Aftermarket segment in the worldwide automotive smart seating systems market is growing at a CAGR of 7.3%.
- Revenue from OEM expected to increase 2.3X Between 2016 and 2026.
- According to Autodata Corporation, the total number of vehicles sold in the U.S. for the year 2016 was 17.55 million units a substantial rise from 16.5 million units in 2014. Rising demand for automotive vehicles and high disposable income in this region are major factors driving the growth of the America automotive smart seating systems market.
- North America automotive smart seating systems market has accounted 34.8% market share in 2017. Americas market is anticipated to dominate the global automotive smart seating systems market and revenue year on year growth of the Americas market is expected to grow at a moderate pace over the forecast period.
- Top companies operating in automotive smart seating systems market are Johnson Controls, Magna International, Faurecia, Continental, Lear Corporation, DURA Automotive Systems, and Toyota Boshoku.
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