Automotive Power Windows Open $16.3-billion Global Market Opportunities
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Global automotive power window market is flourishing owing to high demand for safety and convenience features, increasing use of the anti-pinch power window system to support market expansion, increased vehicle electrification, and the introduction of autonomous vehicles.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the size of global automotive power window market at USD 11.32 billion in 2021. During the forecast period between 2022 and 2028, BlueWeave expects the size of global?automotive power window market?to grow at a CAGR of 5.4% to reach a value of USD 16.28 billion by 2028. As the middle class expands and disposable income rises, future auto sales are expected to rise. The development of contemporary technologies that raise consumers' propensity toward automation is one of the key factors affecting the global market for automotive power windows. For security and safety purposes, power windows are a required component in passenger vehicles. The driver and passengers can easily and comfortably operate these windows thanks to several switches. Power windows that operate automatically are now standard on even entry-level vehicles. Automobile windows are being installed all over the world.
Global?Automotive Power Window?Market?– Overview
A power window is an electronic window system that lowers and raises the windows on cars. These switches are a part of the power window system. Automotive power windows are a requirement for any premium or luxury vehicle, as they help enhance safety and comfort of both the driver and passengers. Both switches and motors are used to power windows, and the motor supplies the energy needed by the switch to raise and lower the window. Major players in the automotive window market are now able to manufacture small and potent electric components due to technological advancements in manufacturing processes and manufacturing equipment. As the modern automotive window motor is lightweight and makes less noise when it operates, manufacturers have begun to favor it. To function better and enhance the motor's feedback, window motors also come with position feedback electronics sensors.
The global automotive power window market is expected to grow as window motor use increases to improve vehicle luxury in both passenger and commercial vehicles. A 12-volt DC automotive window motor, for instance, offers power density and small size, whereas a 24-volt DC automotive window motor offers high power density and benefits related to space savings. Due to these advantages, 12-volt DC window motors are highly favored in small cars while 24-volt motors are standard in luxury vehicles.
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Global?Automotive Power Window?Market – Technology?Advancements
Continuous improvements in passenger comfort and luxury, as well as an increase in the number of electric components integrated into automobiles, are expected to drive the global automotive windows market. The automotive window motor ensures that windows in a vehicle open and close comfortably and safely, either automatically or manually. For instance, Aisin Corporation of America launched a brand-new window regulator program in April 2020, encompassing 90% of the most popular Asian, American, and European vehicles with more than 1,400 SKUs.
Global automotive power window market has segments, such as Passenger Cars, Commercial Vehicle (LCV, MCV, and HCV) based on vehicle type; Cable Type and Scissor Type based on regulator type; and Aftermarket and OEM based on sales channel. The OEM segment is projected to dominate global automotive power window market by sales channel, accounting for a higher market share.
Impact of COVID-19 on?Global?Automotive Power Window?Market
Research indicates that global car production fell by 5% in 2019. Nevertheless, the second half of 2020 saw an unexpected rise in sales. Due to the protracted lead times for the various semiconductors used in automobiles, OEMs were unable to meet demand. Due to a shortage of crucial components, suppliers and OEMs were forced to review the design and construction guidelines for their vehicles. For instance, Tesla has been reprogramming its products to use alternative parts, and to temporarily address the problem, some functionality was even disabled. Additionally, sales of electric vehicles have increased significantly despite the decline in sales of vehicles powered by internal combustion engines. As a result, these factors will have a positive impact on the market's recovery in the medium to long term.
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Competitive Landscape
Prominent players in global automotive power window market include Valeo, Robert Bosch GmbH, Grupo Antolin, Denso Corporation, Hi-LEX Corporation, Aisin Corporation, Brose Fahrzeugtelle SE & Co. KG, Magna International Inc., Johnan Manufacturing Inc., Inteva Products, LLC, Kyowaseiko, Imasen Electric Industrial, and Continental Automotive. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in global automotive power window market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Automotive Power Window Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Automotive Power Window Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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