Global Automotive Memory Seat Market 2018-2022

Overview of the global automotive memory seat market

With the advent of electrification of automotive components and systems, the automotive industry is witnessing a revolution in the past couple of decades. Technavio’s market research report has identified increasing electrification of vehicles promoting memory seats integration as one of the primary factors that will trigger the growth of the automotive memory seat market in the coming years. The major reason for the incorporation of memory seats is due to the increasing demand for improved safety, reduced vehicular emissions, and higher energy efficiency. With the development and integration of advanced electronic components and systems, the number of electronic components per vehicle have increased significantly. Electrification contributes to increasing the efficiency of the vehicle system, while, reducing the weight of the vehicle. Memory seats use electronic components such as memory control module, memory switches, drive motors, and position sensors. Our market research analysts estimate that this market will grow steadily at a CAGR close to 8% by 2022.

The growing development of climatronic and memory seats for optimum comfort is one of the key trends gaining traction in the automotive memory seat market. The adoption rate is increasing for automotive ventilated and memory seats across the developed countries in the last decade due to its potential in different types of application. Cars with memory seats provide seat comfort of vehicles and drivers feel comfortable while driving. It is estimated that the application areas of memory foam car seats will increase with the increasing entry of new players and will result in higher acceptance. The increasing development of these seats will be vital for the memory seat system market to attain sustainability. 

What's your takeaway?

Technavio's industry research report titled, - Global Automotive Memory Seat Market, will help you-

• Identify latent opportunities and explorative solutions in the automotive memory seat market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Companies covered

The market is concentrated due to the presence of few established players. This industry research report provides information about the competitive environment among the players in this marketspace. Moreover, our analysts also provide strategies and areas that the vendors should follow to improve their market shares and sustain the competitive environment in the electric memory seating market.

The report includes an analysis of a number of companies in this marketspace including -

• Adient
• Continental
• DURA Automotive Systems
• Faurecia
• Lear Corporation
• Magna

Segmentation by vehicle type and analysis of the automotive memory seat market

• Passenger vehicle
• Commercial vehicle

Our market research analysts have predicted that based on the vehicle type, the passenger vehicle segment will account for the maximum share of the market in the next five years. The electric memory seating market is witnessing tremendous growth due to the high penetration rate of comfort and convenience systems in passenger vehicles. This segment is set to grow positively in the next five years due to the growing customer demand.

Geographical segmentation and analysis of the automotive memory seat market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the automotive memory seat market throughout the forecast period. North America is the major contributor to the market with the US witnessing high volume sales of SUVs, sedans, and hybrid and plug-in hybrid vehicles, which is triggering the growth of the electric memory seating market in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global automotive memory seat market?
• What are the key market trends impacting the growth of the global automotive memory seat market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive memory seat market?
• What are the market opportunities and threats faced by the vendors in the global automotive memory seat market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive memory seat market?

Technavio also offers customization on reports based on specific client requirement.