The global automotive smart seating systems market was valued at US$ 19,370.0 Mn in 2016 and is projected to reach US$ 43,334.7 Mn in 2026 at a CAGR of 8.4% from 2017 to 2026. The OEM segment in the global automotive smart seating systems market accounts for majority revenue share of 77.4%, owing to factors such as inclusion of value-added features in smart seat systems, and increasing adoption of smart seat systems in luxury cars.
Global Automotive Smart Seating Systems Market: Segmental Snapshot
According to automotive smart seating systems market infographics published on MarketResearch.Biz, revenue from OEM expected to increase 2.3X between 2016 and 2026.
By end user: OEM segment is estimated to register a CAGR of over 8.8%, thereby accounting for highest revenue share among the end user segments.
By region: The market in The Americas accounted for highest revenue share in the global automotive smart seating systems market in 2016. The market in Asia Pacific is expected to record highest CAGR of over 9.3% in terms of revenue between 2017 and 2026.
Global Automotive Smart Seating Systems Market: Competitive Analysis
The global automotive smart seating systems market includes detailed competitive analysis on major companies such as Faurecia, DURA Automotive Systems, Lear Corporation, Continental AG, Johnson Controls, and Manga International.