Automotive Seat Control Module Market Size Projected to Surpass US$ 18.8 billion by 2037, with Increasing CAGR of 5.5%
Research Nester’s recent market research analysis on “Automotive Seat Control Module Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global automotive seat control module market in terms of market segmentation by type, vehicle type, application, and by region.
Growing Adoption of Safe Vehicle... moreAutomotive Seat Control Module Market Size Projected to Surpass US$ 18.8 billion by 2037, with Increasing CAGR of 5.5%
Research Nester’s recent market research analysis on “Automotive Seat Control Module Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global automotive seat control module market in terms of market segmentation by type, vehicle type, application, and by region.
Growing Adoption of Safe Vehicles and Consumer Preferences for Comfortable Seatings
The automotive seat control module is one of the most integral parts of modern vehicles that have enhanced comfort, safety, and driving experience. More than 430 million vehicles around the world have advanced seat control modules. This is equivalent to an average of 2.5 modules per vehicle. The seat control modules installed worldwide reached 85% in 2022. A luxury car maker reported a 95% installation rate. The average weight for a seat control module is 3.2 kg with an average of 120 minutes per production cycle. Moreover, 75% of seat control modules are produced by aluminum alloys, while 20% use magnesium alloys. With more than 1.4 billion vehicles around the world, an ever-increasing demand for efficient, lightweight, and technologically advanced seat control modules is aimed to be met.
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Enforcing safety regulations and promoting innovation and technology adoption are crucial aspects of regulatory frameworks. In the industry, the Federal Motor Vehicle Safety Standards (FMVSS) and the Euro NCAP 5-star rating system have been leading forces. It is evident that 95% of new cars that were produced in 2022 had a 5-star Euro NCAP rating as they came off the assembly line. Further, safety-related laws and regulations have been successfully evident through the data reflected from the US National Highway Traffic Safety Administration, which reports that 45-50% fewer deaths were linked to the usage of seatbelts. Additionally, 77% of nations worldwide mandate that children wear seatbelts, this proportion is meant to increase as safety awareness amongst the population increases too.
Some of the major growth factors and challenges that are associated with the growth of the global automotive seat control module market are:
Growth Drivers:
• Demographic Shifts Reshaping the Demand
• The Electric Revolution in Automotive
Challenges:
The OEMs and suppliers pose a huge challenge in staying ahead of emerging trends for automotive seat control module manufacturers. The inability to keep pace with cutting-edge technologies and materials suppliers makes it even more challenging. The issue is immense with electrification, autonomous driving, and connectivity technologies that need massive investments in terms of research and development. Strategic planning and short-term production demands thus make things more complex. The consequences are loss of market share, OEM loyalty, and innovation if the manufacturers do not adapt themselves.
By type, the global automotive seat control module market is segmented into manual seat control modules and memory seat control modules. The manual seat control modules segment is anticipated to garner the highest revenue by the end of 2037 by growing at a significant CAGR of 5.5% over the forecast period. The growing demand for more affordable and practical seating options for consumers in budget-friendly vehicles is driving the need for more manual systems. These modules are also more basic and easier to maintain compared to electronic modules. The trend towards sustainability and lightweight vehicle designs has made these manual systems preferable for manufacturers as they ensure lesser complexity and the associated electronics package.
By region, the North America automotive seat control module market is projected to generate considerable revenue by the end of 2037. The region's strong automotive industry, coupled with a huge demand for luxury as well as advanced safety features, sustains the growth of innovative seat control technologies. Further, growing consumer preferences towards personalized comfort and enhanced driving experiences are compelling manufacturers to incorporate the latest types of seat control systems. Moreover, strict safety regulations and an acute focus on the ergonomics of the vehicles support the implementation of advanced seat control modules.
This report also provides the existing competitive scenario of some of the key players of the market, including Bosch, Continental AG, Hyundai Mobic Co. Ltd., Infineon Technologies AG, HELLA GmBH & Co. KGaA, Lear Corp., Texas Instruments, APTIV and others.
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