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Automotive Power Closures Market Trends

  • Report ID: GMI12675
  • Published Date: Dec 2024
  • Report Format: PDF

Automotive Power Closures Market Trends

The automotive power closures industry is evolving with the adoption of intelligent, soft-close technologies featuring advanced sensing capabilities. These systems utilize sensors to detect obstacles, regulate closing force, and ensure smooth operation. Proximity sensors, pressure-sensitive mechanisms, and machine learning algorithms enhance safety and usability. The integration of artificial intelligence enables these systems to adapt to user preferences and environmental conditions, driving a shift toward safer, more intuitive, and personalized vehicle access solutions.
 

For instance, in July 2023, Smarti Electronics introduced the smartATG system for vehicle power tailgates. This AI-powered solution integrates Anti-Tailgating and Anti-Piggybacking functionalities with advanced components, including the smartXS plus 2Door 2Reader access controller and smart ONE. The system detects unauthorized access, triggers alarms, sends SMS alerts, and records live CCTV footage and images.
 

Automotive manufacturers face significant financial challenges in developing advanced power closure systems. The process requires substantial investments in engineering expertise, prototyping, and testing, while the demand for precise components drives up production costs. Smaller manufacturers often struggle to allocate resources for such developments. Additionally, rapid technological advancements necessitate continuous innovation, placing further strain on R&D budgets. Balancing cost efficiency with advanced technology remains a critical challenge in the power closures market.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive power closures reached USD 9.4 billion in 2024 and is set to grow at a 6.8% CAGR from 2025 to 2034, driven by increasing demand for luxury and premium vehicles globally.

The electric motors segment is expected to surpass USD 8.5 billion by 2034, led by intelligent motor control systems that improve safety, obstacle detection, and motor performance through adaptive algorithms.

China's market accounted for over 40% of the revenue share in 2024, supported by localized production, smart manufacturing techniques, and reduced reliance on international components.

The key players in the industry include Aisin, Bosch, Brose, Continental, Denso, Infineon, Inteva, Johnson Electric, Magna, and NMB Technologies.

Automotive Power Closures Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 180
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