Sales of automotive door lock detection sensors is expected to grow at a CAGR of 7% to 9% during 2021 to 2031
As per the ongoing study, door lock detection sensor market will grow at an optimistic rate during 2021-2031. Demand for automotive door lock will witness high growth due to the rising awareness of safety features among vehicle owners in the forecast period. Door lock sensors are installed in doors of vehicles to ensure that the door of the vehicle is locked once the vehicle is turned on.
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What is Driving Demand for Door Lock Detection Sensors in the global market?
Cars nowadays are designed with power door lock sensors that can be opened using wireless technology or through secure coded signal as the car has central locking system.
These door lock sensors are installed in the latest models of mid and lower end vehicle models to avoid any unwanted road mishap as well as increase the passenger safety which is one of the crucial factors accelerating the demand for door lock sensors in the global market.
Manufacturers are investing in research & development of new door lock sensors technologies is also one of the influential factors expanding the market growth in the forecast period.
Market Outlook for US and Canada Door Lock Detection Sensor Market
The automotive market in North America faced a severe impact due to COVID- 19 pandemic. Closure of manufacturing plants in US impacted the economy of North American region which has also impacted new vehicle sales in the region that ultimately impacted the economy of the region. The market is slowly recouping with the resume of automotive production in the region.
Manufacturers are focusing on advancements in vehicle electronics to enhance the safety technology for door lock sensors to ensure safety of passengers is one of the prime factor driving the demand of door lock sensors in the region. Manufacturers in the region are making door lock sensors that are durable and efficient with high life expectancy that are of high quality.
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Asia Pacific Demand Outlook for Door Lock Detection Sensors
Automotive industry has badly been affected in the Asia Pacific region due to COVID- 19 pandemic. Disruption in the supply chain, problem in procurement of raw materials for manufacturers resulted in economic deterioration in the region due to lockdown but the industry has resumed as many manufacturing facilities have reopened in the region.
Manufacturers in the region are focusing on advancements in vehicle electronics to enhance the safety technology for door lock sensors to ensure safety of passengers is one of the prime factor driving the demand of door locks in the region.
Manufacturers in the region offer wide range of door lock sensors with multiple options for different applications is a crucial factor accelerating the sales of door lock sensors in the region.
Who are the key manufacturers and suppliers of Door Lock Detection Sensors?
Some of the leading manufacturers and suppliers of door lock detection sensors include
- Standex Electronics
- Robert Bosch GmbH
- Sensata Technologies Inc.
- Hella GmbH & Co.
- Hitachi Ltd
- Mitsubishi Electric Corporation
- Denso Corp
- Johnson Electric
- Continental AG
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