The analysts forecast global automotive memory seat market to grow at a CAGR of 7.60% during the period 2018-2022. The latest trend gaining momentum in the market is increasing integration of advanced luxury features in seats.
The global automotive industry is witnessing advances in automotive technology and systems, which is leading the industry toward the future of autonomous vehicles.
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To equip vehicles with superior comfort and convenience features, automakers have been investing proactively in the advanced comfort enhancing and convenience systems to make their product distinctive in nature. The changing buying criteria and dynamics of the automotive market have compelled automakers to increase the adaption rate of such systems in their product portfolio.
Major key players in the global automotive memory seat market: Continental, Faurecia, Magna, Lear Corporation, DURA Automotive Systems, and Adient
According to the automotive memory seat market report, one of the major drivers for this market is Growing integration of advanced seat functionalities due to intense competition among vendors. The modern automotive seats have become much more functional and hi-tech as compared to the ones 10 years back.
Automotive seats have always been a crucial part of vehicles, but till 20th century there was not much of innovation in automotive seats. However, this seems to have changed significantly in the last decade or so.
With the ever-growing competition in the automotive industry, OEMs have found out that flexibility and increased functionality is the key for sustainability in the long run.
Further, the automotive memory seat market report states that one of the major factors hindering the growth of this market is Technical issues with system operation. Memory seats are fitted with numerous electronic components such as sensors, motors, and modules; and is aimed at offering comfort, convenience, and luxury to the users.
Though the memory seats are efficient in offering the functionality they are intended to, a malfunction or failure in any of its electronic component may result in operational issues. The presence of electronic content in memory seats has made them more vulnerable to operational issues when compared to manually adjusted seats.
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Few Points from List of Exhibits:
Exhibit 1: Parent market
Exhibit 2: Global automotive memory seat market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global Market size and forecast 2017-2022 (millions of units)
Exhibit 9: Global Year-over-year growth 2017-2021 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces
Exhibit 18: Global automotive memory seat market by vehicle type Market share 2017-2022 (%)
Exhibit 19: Comparison by vehicle type
Exhibit 20: Passenger vehicles Market size and forecast 2017-2022 (millions of units)