With the emergence and long-term Impact of COVID-19, the Global Automotive Door Handle Sensors Market is to reach USD XX Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Automotive Door Handle Sensors Market is poised to raise up to USD XX Billion by 2030. Automotive door handle sensors are electronic components that are fitted in vehicles to detect the presence and touch of a person’s hand on the door handle. They are made to make car entrances and egress more convenient, practical, and safe. The primary function of automotive door handle sensors is to detect the proximity of a person’s hand or finger to the door handle, which triggers specific actions or functions.
The Automotive Door Handle Sensors Market is expanding because of factors such as the growing demand for keyless entry systems, rising emphasis on convenience and user experience, increasing vehicle safety and security requirements, and rising trends of vehicle electrification. In addition, the surging demand for passenger and commercial vehicles is acting as a catalyzing factor for market growth across the globe. According to Statista, in France, there was around 36,516.37 thousand passenger car registered in 2015 and the number reached 38,346.27 thousand in 2021.
As per the same source, in 2014 the sales of commercial vehicles in China were 3.79 million units and in 2021 the number reached 4.79 million units. Consequently, the flourishing development of the automotive industry is anticipated to create a lucrative demand for the market during the forecast period. Moreover, the increasing advancements in sensor technologies, as well as the rise in the implementation of safety structures in automobiles and doors present various lucrative opportunities over the forecast years. However, the high installation cost and threat to breach in security are challenging the market growth throughout the forecast period of 2023-2030.
Geographically, the global Automotive Door Handle Sensors Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the increasing introduction of innovative technologies, and regulatory compliance along with rising awareness about vehicle safety. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The growing demand from emerging economies, increasing demand for convenience and safety, and significant shift towards vehicle electrification are significantly propelling the market demand across the region.
The global Automotive Door Handle Sensors Market is highly competitive owing to the presence of several key manufacturers such as Robert Bosch GmbH, Akebono Brake Industry Co., Ltd., Continental AG, Aisin Corporation, Delphi, ZF Friedrichshafen AG, and others.
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Key findings of the study suggest:
- Global Automotive Door Handle Sensors Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the Type segment, button emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the increasing introduction of innovative technologies.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Type:
- Button
- Induction
By Application:
- Passenger Cars
- Commercial Vehicles
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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