ID: MRFR/AM/6803-HCR | 185 Pages | Author: Sejal Akre | December 2023
Door Control Modules Market is projected to be worth USD 3467.35 million by 2032, registering a CAGR of 6.20% during the forecast period 2023–2032.
$3467.35 Million
6.20%
Asia-Pacific
2023 - 2032
The Door Control Module Market is projected to grow from USD 1900.19 million in 2021 to USD 3467.358 million by 2032, exhibiting a compound annual growth rate (CAGR) of 6.2% during the forecast period (2023–2032).
Door control modules are used to control the operation of doors such as movement of mirror and door. These modules are placed inside the doors of the vehicles. The operate by managing the working of actuators across the driver and passenger doors and connecting the actuators to the separate switch panel. Door control modules are also used to manage and control central locking, window winders, and mirror adjustment. It is also operated as an automatic door controller and is widely accepted for door lock control module and power door lock control module.
The increase in demand for vehicle comfort and cabin features and the increase in demand for lightweight doors are expected to raise the demand for door control modules in the door control module industry. Moreover, the growth in the production of electrified vehicles with increase in the per capita disposable income raise concerns for the vehicle service and vehicle comfort, which further raise the demand and consumption for the vehicle door control modules, across OEM and aftermarket. An increase in control module management system to manage and control the car door control module through installation as passenger door module and driver door module. Increase in the production of autonomous vehicles and electrified cars are expected to create opportunities primarily for the car door control module manufacturers and increase the door control module market size. The manufacturers for the door control modules are investing in the research and development to increase the adoption of door control panel in next-generation vehicles, where the doors are lightweight and slimmer compared to traditional vehicle doors.
However, the volatility in the raw material prices and change in the trade policies for automotive components are expected to hamper the growth of the global door control modules market during the forecast period.
The Prominent Players in the global door control modules market include Continental AG (Germany), STMicroelectronics (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments Incorporated (US), WABCO (Belgium), Stoneridge, Inc. (US), Magna International (Canada), ROHM Semiconductor (Japan), HELLA GmbH & Co. KGaA (Germany), and Mouser Electronics, Inc. (US).
The global door control modules market is segmented based on type, sales channel, vehicle type, and region. On the basis of type, the market has been segmented as centralized and decentralized. The centralized type segment is expected to dominate the global market in terms of value and volume during the forecast period. On the basis of sales channel, the market has been segmented into OEM and aftermarket. The OEM segment is expected to dominate the global market in terms of both, value and volume during the forecast period. On the basis of vehicle type, the market has been segmented as passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment is expected to dominate the global market in terms of both, value and volume during the forecast period.
Geographically, the global door control modules market has been segmented into four regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to hold a prominent market share during the forecast period owing to the leading consumption of vehicles, across the region. On the other hand, North America is expected to witness substantial growth owing to an increase in the production of commercial vehicles and substantially increase in the demand for control module in the vehicles.
The report for global door control modules market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Intended Audience:
Report Attribute/Metric | Details |
Market Size 2021: | USD 1900.19 Million |
Market Size 2032: | USD 3467.35 Million |
CAGR | 6.20% (2023-2032) |
Base Year | 2021 |
Forecast Period | 2023-2032 |
Historical Data | 2018- 2022 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Sales Channel and Vehicle Type |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Continental AG (Germany), STMicroelectronics (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments Incorporated (US), WABCO (Belgium), Stoneridge, Inc. (US), Magna International (Canada), ROHM Semiconductor (Japan), HELLA GmbH & Co. KGaA (Germany), and Mouser Electronics, Inc. (US). |
Key Market Opportunities | Increase in the per capita disposable income raise concerns |
Key Market Drivers | The increase in demand for vehicle comfort and cabin features |
The door control modules market is expected to reach a signficant market value of USD 3467.35 Million by 2032.
The global door control modules market is maturing at a whopping 6.20% CAGR over the review period of 2023 to 2032.
A few significant players of the global door control modules market are Magna International (Canada), ROHM Semiconductor (Japan), HELLA GmbH & Co. KGaA (Germany), and Mouser Electronics, Inc. (US), among others.
The centralized segment is expected to drive market growth over the review period.
The OEM segment is likely to witness the highest demand in the door control modules market.
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