Door Lock Sensors Market Size & Share - Industry Trend and Forecast 2018 - 2026

The report analyzes and presents an overview of "Door Lock Sensors Market for Automotive - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026" worldwide.

The main objective of this report is to define, describe, and forecast the global “Door Lock Sensors” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Door lock sensor is installed in all doors of the vehicle, which ensure the locking of the doors once the vehicle is turned on. In case the doors are not locked, ECU transmits a warning signal on the dashboard to the driver or occupant. The door lock sensor is an additional safety feature provided in the latest models of the manufacturers in order to prevent unwanted accidents on the roads.

The door lock sensors market for automotive is anticipated to expand at a remarkable pace due to the rising concern in society about safety features. Demand for door lock sensors is rising due to its increasing penetration in the mid and lower end models as it was earlier provided in high-end vehicles only; however, it is a common feature currently, in all vehicle segments. The door lock sensors market for automotive can be hindered due to growing demand of automatic doors in the vehicles. Vehicle doors that have automatic door sensors lock completely by themselves, just by the push of the key and do not require any safety check, if the door is locked or not.

The door lock sensor market for automotive can be segmented based on application, sales channel, vehicle, and region.

Based on application, side door is expected to be a major segment and is likely dominate the market during the forecast period. This is due to the higher number of side doors in vehicles, with each door requiring a separate door lock sensor. The side door segment is anticipated to expand during the forecast period due to the rise in production of passenger vehicles production and thereby, the higher number of doors in passenger vehicles.

Based on sales channel, the original equipment manufacturer (OEM) segment is anticipated to lead the market due to very rare chances of the failure of sensors. Moreover, door lock sensors for automotive require replacement only in case of severe road accidents. The expansion of the aftermarket segment at a sluggish pace is due to increasing technological advancements and increasing awareness among the vehicle users to maintain the systems of the vehicle. Road accidents are decreasing globally, due to improved infrastructure and stringent road safety regulations, which consequently is hampering the aftermarket segment.

The passenger vehicle segment is likely to hold a major share of the door lock sensor market for automotive among other vehicle segments owing to the higher production of the passenger vehicles globally. Mostly, door lock sensors are utilized in passenger vehicles and light commercial vehicles only.

In terms of region, Asia Pacific holds a major share of the global market owing to the high production of vehicles in the region. The region is the leading manufacturer of automotive door lock sensors due to the concentration of manufacturing facilities in China, Japan and India. Availability of resources and high number of working population supported by continuous emphasis of the governing bodies toward industrialization in the region has developed it as the manufacturing hub for the automotive industry.

Key manufacturers operating in the global door lock sensor market for automotive include Standex International Corporation, Robert Bosch GmbH, Hirschmann Automotive GmbH, Sensata Technologies, Inc., HELLA GmbH & Co. KGaA, Hitachi Ltd., Mitsubishi Electric Corporation, DENSO CORPORATION, Johnson Electric, and Continental AG.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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