EPS surpassed a market value of US$ 12 Bn in 2017, followed by the manual automotive steering system. With a predominant share in the global automotive steering system market value and a higher CAGR estimated over the next few years, electric powered automotive steering system (EPS) will remain a highly attractive segment in the global automotive steering system market through 2022.
Rockville, MD -- (SBWIRE) -- 11/09/2018 -- Fact.MR recently published a study on automotive seating market, which predicts that the automotive seating market will grow at a value CAGR of 5% during the forecast period 2017-2022. The ever-growing automotive production worldwide continues to trigger demand for high-quality automotive seating systems, which is redefining the growth of the automotive seating market. The Fact.MR study presents holistic information about the most crucial market dynamics that are driving the market to surpass US$ 40,000 million by the end of 2022.
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Safety and comfort are the most important features of automotive seating, which continues to remain the top priority for automakers as well as consumers. Growing needs for passenger safety features and convenience, and the recent developments in biomechanics are giving rise to the adoption of technologies among automotive seating manufacturers. The automotive seating market is witnessing the rising trend of innovation redefining its prospects for the future. Leading manufacturers of automotive seating are experimenting with the combination of next-generation technologies, such as Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR), to intrude a high level of safety and convenience features in order to gain a competitive edge in the automotive seating market.
Next-generation Technologies Converge with Automotive Seating Solutions – Innovations will Remain Prevalent
Recent technological developments in the automotive industry aided by advanced electronics are driving the automotive seating market imbued with the confluence of intelligent technologies and car seats. Leading manufacturers in the automotive seating market are leveraging their software capabilities and electronics to enhance features, such as connectivity, mobility, and reconfigurability of automotive seating systems. A majority of stakeholders are adopting strategies to drive innovation and accelerate their momentum across the automotive seating market. Employing advanced technologies to bring in innovation and escalate automotive seating sales is a major part of the winning strategies adopted by Lear Corporation – a U.S.-based manufacturer of automotive seating systems. Lear acquired Grupo Antolin's seating unit in 2017, to integrate its electric seat rails with surface rail designs by Grupo Antolin, to develop automotive seating that will move on electrically powered rails. To capitalize on unprecedented business opportunities in the automotive seating market, Apple Inc. forayed the market with its haptic feedback system for automotive seating systems that can provide drivers with physical alerts about operational irregularities caused during a drive.
Luxury and Premium Automobiles Generate High Demand for Intelligent Automotive Seating
Technological perspicacity is aiding automotive seating manufacturers to draw attention from premium automakers that require various automotive parts with smart features. Leading manufacturers of automotive seating systems are focusing on upgrading the competence in offering high-tech features of car seats to gain recognition from luxury vehicle brands. Incorporating industry-leading technologies to provide intelligent automotive seating systems to premium automotive brands is expected to create multiple lucrative opportunities for stakeholders in the automotive seating market. Faurecia SA – a French automobile company – recently entered an agreement with BMW to provide just-in-time seating assembly for 6 million BMW AG vehicles. Further, RECARO GmbH & Co. KG – a German automotive seating manufacturer – recently introduced the Speed V – a bolt-in seating system for American sports cars to support performance driving.
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Comfort and Safety to Remain Primary Concern for Manufacturer and Consumers
The incorporation of technologies is not only limited to developing intelligent and smart features of automotive seating systems; manufacturers are employing the latest technologies to meet consumer demands for comfort and convenience. Recent advancements in the field of biomechanics and ergonomics are enabling automotive seating manufacturers to produce multi-way adjustable automotive seating system without making seats heavier or bigger. Leading manufacturers in the automotive seating market are focusing on enhancing the safety features of automotive seating systems, such as stress detection and fatigue detection features. Furthermore, adopting a multi-material approach to produce lightweight automotive seating systems without compromising safety is likely to remain a focus for stakeholders in the automotive seating market. Adient plc – an automotive seating company headquartered in Ireland – recently announced to have unveiled car seats that are up to 40% lighter than the traditional ones.
The Fact.MR report of automotive seating market features detailed information on all the leading manufacturing companies, including Lear Corporation, Faurecia SA, Toyota Boshoku Corporation, TACHI-S Co., Ltd., TS TECH Co. Ltd., IFB Industries Limited, Adient Plc., and Gentherm Inc. The report focuses on the accurate financial information, recent company developments, and winning business strategies adopted by leading stakeholders in the automotive seating market. The comprehensive overview on the competitive landscape in the automotive seating market included in the market study can help market players to track salient growth parameters of their competitors while developing critical business strategies in the coming future.
Ever-growing automotive production worldwide is encouraging stakeholders in automotive seating market to expand their manufacturing capacities. Lear Corporation, with the vision to enhance operational excellence, made a decision to expand its automotive seating structure plant in Valença, Portugal, by more than 12,000 sq. meters, resulting in the total area of around 22,600 sq. meters. The company has also announced to open a new 156,000-sq.ft. automotive seating manufacturing capacity in Flint, Michigan by 2019. Further, anticipating the increasing adoption of autonomous vehicles, Adient changed traditional seating layouts to introduce automotive seating systems with a high level of passenger safety features. Apart from Lear and Adient, other stakeholders in the automotive seating market, such as Faurecia, are adopting next-generation technologies to offer intelligent seating systems and profitably grow their businesses in the automotive seating market.
Table of Content:
Chapter 1. Global Lung Cancer Diagnostics Market - Executive Summary. 12
Chapter 2. Global Lung Cancer Diagnostics Market Overview. 14
2.1. Introduction. 14
2.1.1. Global Lung Cancer Diagnostics Market Taxonomy. 14
2.1.2. Global Lung Cancer Diagnostics Market Definition. 14
2.2. Global Lung Cancer Diagnostics Market Size (US$ Mn) and Forecast, 2012-2022. 15
2.2.1. Global Lung Cancer Diagnostics Market Y-o-Y Growth. 15
2.3. Global Lung Cancer Diagnostics Market Dynamics. 15
2.3.1. Drivers. 15
2.3.2. Restraints. 15
2.3.3. Trends. 16
2.4. Supply Chain. 16
2.5. Key Participants Market Presence (Intensity Map) By Region. 16
Chapter 3. Global Lung Cancer Diagnostics Market Analysis and Forecast By Test Type. 17
3.1. Global Lung Cancer Diagnostics Market Size and Forecast By Test Type, 2012-2022. 17
3.1.1. CA Test Lung Cancer Diagnostics Market Size and Forecast, 2012-2022. 17
188.8.131.52. Revenue (US$ Mn) Comparison, By Region. 17
184.108.40.206. Market Share Comparison, By Region. 19
220.127.116.11. Y-o-Y growth Comparison, By Region. 19
3.1.2. HER2 Tests Lung Cancer Diagnostics Market Size and Forecast, 2012-2022. 20
18.104.22.168. Revenue (US$ Mn) Comparison, By Region. 20
22.214.171.124. Market Share Comparison, By Region. 22
126.96.36.199. Y-o-Y growth Comparison, By Region. 22
3.1.3. ALK Tests Lung Cancer Diagnostics Market Size and Forecast, 2012-2022. 23
188.8.131.52. Revenue (US$ Mn) Comparison, By Region. 23
184.108.40.206. Market Share Comparison, By Region. 25
220.127.116.11. Y-o-Y growth Comparison, By Region. 25
3.1.4. Angiogenesis Inhibitor Lung Cancer Diagnostics Market Size and Forecast, 2012-2022. 26
18.104.22.168. Revenue (US$ Mn) Comparison, By Region. 26
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