Automotive Door Handle Sensors Market Size and Forecast | Infineon, Aisin Seiki, ThyssenKrupp, Delphi

The automotive door handle sensor technology combines various keyless functions to a door handle. Automotive door handle is an electronic device which operates using a keyless system to unlock itself. In addition to this, the keyless system provides safe entrance to the vehicle or door lock automatically. This provides comfort to the users in unlocking the vehicle and door handles easily. Very low frequency transmitting antennas are used to send and receive signals using sensors to operate the door handles. Furthermore, increase in demand for mobility and connectivity in consumer electronics goods is another factor that drives the growth of the market. Improvement in implementation of security systems in vehicles is also expected to push the acceptance of these sensors in the upcoming years. However, high preliminary investments and unstable market dynamics are expected to create difficulties in the market, otherwise stable growth is expected in the market.

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Impact of COVID-19 on Automotive Door Handle Sensors Market:

Since the COVID-19 virus outbreak in December 2019, the disease has spread in majority of the countries around the globe with the WHO declaring it a public health emergency. The pandemic impacted almost every sector, and it is expected to significantly affect the global automotive door handle sensors market as well.
The automotive door handle sensors market has been negatively impacted by the COVID-19 pandemic. The Asia-Pacific is the industrial hub of many industries. And this region was affected the most by the coronavirus resulting into slowdown in the industrial activities leading to downfall of the economy. However, development of new infrastructure like shopping malls, hospitals, and airports in the countries like India and China are expected to propel the growth of automotive door handle sensors market.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The increased adoption of the technology by the industrial and automotive sector for better mobility and connectivity in consumer electronics and examining customer services is the factor that boosts the growth of global automotive door handle sensors market. In addition, the rise in implementation of safety structures in automobiles and doors is likely to propel the growth of the market. Furthermore, high installation cost and threat to breach in security are expected to hamper the growth of the market. However, the innovations in technology and high rate of adoption in the both developed and developing countries create an opportunity for the growth of automotive door handle sensors market during the forecast period.

Market Trends for Automotive Door Handle Sensors Market

Growth in Demand for Automation by the End Users

The adoption of automation in daily life has tremendously increased after the COVID-19 pandemic hit nations worldwide. The benefits provided by the automotive door sensors have surged their demand among the end users. For instance, automatic door sensors help to open the door without touch, this technology is implemented by the restaurant and hospitals where sanitization is priority. This enables people to enter the premises without touching the door and getting infected with any kind of disease. Furthermore, increase in the number of automatic doors is clearly related to the growth of the automotive door handle sensors market.

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Innovation in the Door Lock Appliances Expected to Propel the Market Growth

Innovation in the door lock appliances for better security and secured locking system is expected to propel the growth of the market. Industry players are focused on developing advanced technologies, such as remote locking & unlocking feature for doors and windows. Furthermore, these days, locks with voice assistant feature are ruling the market. These locks recognize the voice of the owner and perform functions as advised by them. Such innovations have attracted the customer focus resulting into the growth of automotive door handle sensors market.

Key Benefits of the Report

This study presents analytical depiction of the automotive door handle sensors market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
The current market is quantitatively analyzed to highlight the growth scenario of the market.
Porter's five forces analysis illustrates the potency of buyers and suppliers in the market.
The report provides a detailed market analysis based on the present and future competitive intensity of the market.

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