The automotive anti-pinch power window system market is expected to reach $3.6 billion by 2023, growing at a CAGR of 12.0% between 2017-2023. The increase in vehicle production and growing demand for luxury vehicles are driving the market for automotive anti-pinch power window system. Increasing awareness regarding automotive safety is also a factor contributing to the expansion of the market.
Insights on market segments
In terms of type, automatic windows accounted for the larger revenue in automotive power window system market, with over 80% share in 2016. The major factor driving of its demand in automatic windows are rise in vehicle electrification and growing awareness toward advanced safety features. Passenger cars were the largest user of automotive anti-pinch power window system market due to rapidly growing automotive industry, especially in emerging countries including India, China, Brazil and South Africa. Rise in vehicle export is also expected to drive the automotive anti-pinch system market during the forecast period.
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Europe and North America contributed ~70% to the automotive anti-pinch power window system market in 2016
Europe and North America collectively accounted for nearly 70% of the global automotive anti-pinch power window system market in 2016. The major factors contributing to the growth of the market in these two regions are increase in vehicle production and export, stringent safety norms toward vehicle safety, huge investments and technological advancements. The European car sales increased by over 6% in 2016. The vehicle registration in Europe was over 15 million units in the same year and Germany’s full-year sales were up by 4.5%, while French sales increased by 5.1%. In the Southern European markets of Italy and Spain, registrations rose by 16% and 11%, respectively.
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Competitive Landscape
The market is majorly dominated by Tier 1 players having presence across the globe. Some of the major players in the automotive anti-pinch power window system market are Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Magna International Inc., Brose Fahrzeugteile GmbH & Co. and NXP Semiconductors. Product launches and strategic partnerships have been the major recent developments in the automotive anti-pinch power window system market.
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