About Automotive Retractable Door Handle
The automotive retractable door handle system is a movable system, where the door handle can deploy and retract as per requirement and merges with side body structure, making an efficient aerodynamic vehicle design. The automotive door handles have not evolved to the extent of other automotive technologies. The development of automotive door handles is restricted to aesthetics and some automatic keyless entry sensors. TESLA has disrupted the automotive door handle technology with the introduction of retractable door handle. The door handle is a necessary part of the automotive system and has high market potential. The evolution of the automatic sensing technology in door handles in Europe and the Americas has been exponential in the past decade. The mechanical connected door latching system has been there since the existence of the automobile.
Technavio’s analysts forecast the global automotive retractable door handle system market to grow at a CAGR of 84.46% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of global automotive retractable door handle system market for 2017-2021. To calculate the market size, the report considers the original equipment (OE) fitments and replacements. There is no aftermarket for the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Retractable Door Handle System Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive retractable door handle system market: Huf Hülsbeck & Fürst and TESLA
Other Prominent Vendors in the market are: WITTE Automotive, Valeo, and Continental.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing introduction of automotive near-field communication IC for secure car access by NXP. With the help of innovation and advancing technology, it is now possible to combine fast access card with the automotive door access mechanism of vehicles. Fast access cards are used in offices and corporate business parks. The system is installed on the door handle and detects the wave of access card by a wireless system. The system then unlocks the door with a click, pushing it out for the occupant to open it and get inside of the vehicle. This innovation is associated with many safety and compatibility concerns. The system can be configured to be accessed by fingerprint sensor and smartphone application. The system works on NXP chipset NCx3320. This makes it possible to create secure solutions and implementation of near-field communication (NFC)-based access cards in an automotive environment.”
According to the report, one of the major drivers for this market is Rising demand for performance and luxury vehicles. The luxury goods market is rising at a moderate rate and is expected to sustain the momentum for the next decade as well. The major high-performance vehicle OEMs such as Ferrari, McLaren, and Automobili Lamborghini estimated that the supercar and supports car market will grow at a CAGR of 11.6% during the forecast period. The unique combination of performance, luxury, and feature of TESLA Model 3 has set a high benchmark for the performance vehicle designers. The performance features for Model 3 are much better than all its segment competitors.
Further, the report states that one of the major factors hindering the growth of this market is High cost of system as compared to standard selling door handle mechanism. The cost of retractable door handle system is high. The cost assumption can be estimated based on door handle system which includes the latching mechanism as well as the door handle system. The door handle offered by TESLA for their Model S cost about $850 per piece. This is also the cost of handle replacement if it has a malfunctioning. The standard door handle system cost around $14-$30 for the standard to medium vehicle segment.
Huf Hülsbeck & Fürst and TESLA, WITTE Automotive, Valeo, and Continental.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook