Portland, OR -- (SBWIRE) -- 05/31/2018 -- Increase in the demand for sensor and electronic based components such as actuators, rear sensor electronic unit etc. are fueling the demand for smart and connected cars. This in turn improves the quality of product, sensing mechanism for the proper functioning.

Hands-free power liftgate Market by Type and Application: Global Opportunities Analysis and Industry Forecast, 2017-2023, the global hands-free power liftgate market was valued at $ 1,069.06 million in 2016, and is projected to reach at $ 1,491 million by 2023, growing at a CAGR of 5.0% from 2017 to 2023.

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Key Players included Hands Free Power Liftgate:

The report features a competitive scenario of the hands-free power liftgate market and provides a comprehensive analysis of the key growth strategies adopted by major players. The key players in the global market are Aisin Seiko co.ltd, Autoease Technology, Brose Fahrzeugteile GmbH & Co.KG, Faurecia SA, Grupo Antolin Irausa S.A, Huf Hlsbeck & Frst GmbH & Co. KG, Johnson electric, Magna International Inc., Stabilus GmbH, tommygate.

Hands-Free Power Liftgate is a back-door system, the user of the vehicle controls the liftgate/tailgate opening and closing through the key located on the dashboard or through handheld remote device.

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In 2016, semi-automatic segment dominated the market, in terms of revenue, due to increase in demand for luxurious vehicle.

Asia Pacific was the highest revenue contributor to the hands-free power liftgate market in 2016, accounting for around 32.00% share, due to rise in adoption of sensors and electronic based system/components across the automotive sector.