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The automotive anti-pinch power window system market size is estimated to grow by USD 2,367.04 million at a CAGR of 10.51% between 2022 and 2027. The growth of the market depends on several factors such as the increasing safety systems in the automotive industry, the increasing electrification of vehicles, and the production shift to low-cost countries.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the market growth is the increasing safety systems in the automotive industry. There is an increasing penetration of advanced automotive safety and security features across premium vehicles to mid-segment vehicles. There is an increasing demand for electronic equipment from emerging markets and they are increasingly installed in entry-level vehicles.
Moreover, some of the main safety applications embedded in vehicles include systems for braking and stability, electronic steering, anti-pinch windows, and driver assistance systems such as radar, cameras, and communication devices. There is a growing popularity for the anti-pinch feature among customers and manufacturers. In addition, there is an increasing adoption due to regulatory requirements. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the market growth is the increasing popularity of additive manufacturing in the automotive industry. One of the rapidly developing technologies used in various industries is 3D printing, also known as additive manufacturing technology. There is a tremendous growth potential for additive manufacturing due to increasing manufacturing costs, especially for products that have complex designs and are manufactured in low volumes.
Moreover, there is an increasing adoption of the latest manufacturing technologies like additive manufacturing by automotive manufacturers to reduce their manufacturing costs. For instance, in March 2020, the German Federal Ministry of Education and Research funded and launched POLYLINE, a collaborative project aimed at developing a next-generation production line for the automotive industry. Hence, such factors are positively impacting the market which in turn will drive the market growth during the forecast period.
Increasing cost pressure for OEMs is one of the key challenges hindering market growth. There is significant penetration of these in the luxury segment. However, there is a growing concern regarding safety as well as increasing awareness about the requirement of safety equipment in vehicles, and rising competition among automotive manufacturers in terms of product differentiation have forced OEMs to implement safety systems in mid-range and entry-level vehicles.
Moreover, the rising competition among automotive manufacturers to gain competitive advantage through product differentiation is forcing manufacturers to install these systems. As a result, it significantly increases the procurement costs. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Acsysteme: The company offers physical sensor and soft sensor which consist of real-time evaluation of resistive efforts preventing the door from closing.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The luxury vehicle segment is estimated to witness significant growth during the forecast period. The luxury vehicle can be referred to as a marketing term that is used for specific types of vehicles to promote a sense of exclusivity and increase brand value. This segment is offered at higher price tags when compared to any other type of vehicle. In addition, there is a significant penetration of these systems in this segment.
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The luxury vehicle segment was the largest segment and was valued at USD 1,576.90 million in 2017. German automakers mainly dominate this segment. For example, Mercedes-Benz is the world's largest luxury car manufacturer in terms of volume. There is an increase in the number of luxury vehicle segments due to the increasing demand for luxury SUVs. The demand is rising in both developed countries like the US and in emerging markets such as China. Hence, such factors are fuelling the growth of this segment which in turn will drive the growth during the forecast period.
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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main countries that are significantly contributing to the growth in APAC include China, Japan, and Australia. The market is at a primitive stage in APAC owing to the lack of awareness about safety systems, company offerings, and the low adoption of luxury cars compared with the Western markets.
In addition, there is a growing demand from emerging markets such as India, China, Thailand, and Indonesia. which is also positively impacting the market. Furthermore, factors such as advancements in technology growing product awareness, and the several countries here will include it in their safety norms are expected to drive the market growth in the region during the forecast period.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is a crucial segment of the automobile industry, driven by the increasing focus on safety features by OEMs and suppliers. This market is influenced by factors such as vehicle economy, the demand for utility cars, and socioeconomic conditions.
Key players in this market, including Fiat Chrysler Automobiles (FCA), Volkswagen, General Motors, and Ford Motor, offer a range of vehicles, from luxury automobiles to performance sedans. The market is also witnessing a shift towards Passenger Electric Vehicles due to the growing emphasis on vehicle electrification. Sales channels play a crucial role in this market, with companies like Maruti Suzuki India Limited catering to different stakeholders. PORTER analysis, SVOR analysis, and PESTEL analysis are used to analyze the market, considering micro-economic factors and the strategies of market leaders, followers, and new entrants. This analysis helps decision-makers understand the competitive landscape, financial position, product portfolio, and regional presence of companies, providing an investor's guide for the market.
Automotive Anti-pinch Power Window System Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.51% |
Market growth 2023-2027 |
USD 2,367.04 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
10.27 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acsysteme, Brose Fahrzeugteile SE and Co. KG, Continental AG, DENSO Corp., Grupo Antolin Irausa SA, Inteva Products LLC, Leopold Kostal GmbH and Co KG, LITE ON Technology Corp., Mabuchi Motor Co. Ltd., Magna International Inc., Microchip Technology Inc., Nidec Corp., NSB Classic PTE LTD, NXP Semiconductors NV, Panasonic Holdings Corp., Robert Bosch GmbH, Stoneridge Inc., Texas Instruments Inc., Valeo SA, and Mitsuba Corp. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
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