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Automotive Active Seat Headrests Market Size, Share, Demand Analysis and Projections 2032
Automotive Active Seat Headrests Market
The Automotive Active Seat Headrests market, valued at USD 15.5 billion in 2022, is projected to grow from USD 16.4 billion in 2023 to USD 25.6 billion by 2032, with a compound annual growth rate (CAGR) of 5.8% during the forecast period (2023 - 2032). Serving as a critical component of passive safety systems in cars, automotive active seat headrests play a vital role in protecting passengers from neck injuries during severe car accidents or collisions. However, the global expansion of this market is currently hindered by challenges such as the emergence of the novel Coronavirus pandemic and intensified competition among market players leading to pricing strategies.
Active seat headrests are being majorly used for protection in rear-end collisions. Though, not forget that these accidents or collisions could also be avoided by deploying advanced systems, like the rear vehicle monitoring system.
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The key players in the automotive active seat headrest market are being recognized as Grammer AG, Adient Plc, Lear Corporation, Toyota Boshoku Corporation, TS TECH CO. LTD, and others. These have a major role in the market expansion during the period.
Industry News
As per the industry reports, there are many factors helpful for the projected expansion of the global automotive active seat headrests market for the forecast period of 2021-2028. For instance, the governments of the international market locations are rising the initiatives for foreign direct investments that are further, boosting the active seat headrests for the automotive market. Also, there has been an increasing demand by the target customers for luxurious seating systems that are offering more opportunities for the active seat headrests for the automotive market. Also, the prominent market manufacturers are focusing on research and development activities to make their products safe as well as luxurious.
Market Segmentation
As per the industry statistics, The global market for automotive active seat headrests has been segmented based on product type, and application.
Product-based segmentation
The product type in the global automotive active seat headrests market includes headrest activation and seatback activation. The headrest activation segment as a sub-segment of the market held the largest market in 2018, due to the increasing demand for this product type in luxury vehicles.
Application-based segmentation
The global automotive active seat headrests market includes passenger cars and commercial vehicles in its application. There has been a huge rise in the demand for passenger vehicles, owing to the increase in population, high purchasing power, and other factors like the rise in favorable regulations.
Some of the market payers are Yanfeng Automotive Interiors (China), Magna International Inc. (Canada), and others like Grammer AG (Germany), Lear Corporation (US).
Regional Analysis
In 2018, the European region had held the second largest market. There is a rise in the number of factors driving the growth of the market for automotive active seat headrests in the European region. The rise in the quantum of growth of sales for luxury vehicles, across the region mainly influences the demand for automotive active seat headrests for OEMs and aftermarket players.
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