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.
Automotive smart seating systems are advanced systems that offer enhanced driving experience with added comfort and safety. Integration of these systems have made them lightweight without compromising on visual design or seat comfort. Some of the systems integrated have self-cooling systems and massage systems. These systems help in positioning, and monitoring behavioral dynamics. Moreover, smart seats have the ability to measure the driver’s vital information such as heart rate, stress level, breathing rate, and can also senses signs of fatigue or exhaustion.
Major factors fueling the growth of the global automotive smart seating systems market include increasing demand for additional functionalities, rising demand for enhanced comfort during long drives, and increasing incidence of road accidents is both developed and developing countries. However, high cost involved in the production of smart seating systems, and stringent regulatory policies may hamper the growth of the global automotive smart seating systems market to a considerable extent.
Companies profiled in the report are Johnson Controls, Magna International, Faurecia, Continental, Lear corporation, DURA Automotive Systems and Toyota Boshoku.