“Growing demand for interior styling, increased cabin comfort, and convenience is expected to drive the growth of the automotive control panel market” The automotive control panel market is projected to grow at a CAGR of 8.10% from 2016 to 2021, to reach a market size of USD 110.18 billion by 2021. Key factors driving the growth of this market include rapid urbanization, increasing luxury car sales, and growing demand for interior comfort.
“Driver monitoring camera: Largest market segment” Driver monitoring cameras are primarily used to detect and monitor the behavior of the driver. The system monitors the movements of the steering wheel, along with other signals in the vehicle, and helps to detect and alert the driver about fatigue. It also alerts the driver about locations or opportunities to stop and take a break. Growing safety concerns in developing countries are expected to propel the growth of this market.
“Asia-Pacific: Highest growth rate for the automotive control panel market” The Asia-Pacific automotive control panel market is projected to grow at the highest CAGR during the forecast period, as a result of the high demand for vehicles, especially in emerging economies such as China and India. Several OEMs are investing in the region, prompted by factors such as the expanding middle class and the young demographic. Passenger car production is expected to grow in countries such as China and India, owing to the availability of cheap labor and favorable government policies. Japan is the second-largest market for automotive control panels in Asia-Pacific. Market growth in Japan is primarily propelled by the increasing demand for light passenger vehicles and heavy-duty vehicles, and the growing demand for electric vehicles. The region houses OEMs such as Toyota Boshoku Corporation (Japan) and Hyundai Mobis Co. Ltd. (South Korea).
The study contains insights provided by various industry experts, ranging from material suppliers to Tier-1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type – Tier-1 -42%, Tier-2 - 26%, Tier-3 - 32% - By Designation - C level - 40%, D level - 29%, and Others - 31% - By Region - North America - 38%, Asia-Pacific - 30%, and Europe - 22%,
The global automotive control panel market is dominated by a few globally established players, such Continental AG (Germany), Johnson Controls, Inc. (U.S.), Hyundai Mobis Co. Ltd. (South Korea), Magna International Inc. (Canada), and Faurecia S.A. (France). Key growth strategies adopted by these players include new product development, partnerships, agreements, joint ventures, and supply contracts.
List of Companies Faurecia S.A. Magna International Inc. Lear Corporation Continental AG Johnson Controls, Inc. Hyundai Mobis Co. Ltd. Toyota Boshoku Corporation Calsonic Kansei Corporation Delphi Automotive PLC Valeo S.A.
Reasons to Buy the Report: This report contains various levels of analysis, including industry analysis, industry trends, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the automotive control panel market, competitive landscape, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.
The report enables new entrants/smaller firms as well as established firms to understand the market better, and thereby helps them acquire a larger market share. Firms purchasing the report could use any one or a combination of the below-mentioned four strategies (market development, product development/innovation, market diversification, and competitive assessment) to strengthen their position in the market.
The report provides insights with reference to the following points:
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for automotive control panels across regions. - Product Development/Innovation: Detailed insights into R&D activities, upcoming technologies, and new product launches in the automotive control panel market. - Market Diversification: Detailed information about untapped markets, investments, new products, and recent developments in the automotive control panel market. - Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in the automotive control panel market.
Our reports have been used by over 10K customers, including:
The global automotive PCB market is expected to reach more than $14 billion during 2018–2024. The rising applicability of rigid-flex PCBs, the penetration of in-vehicle infotainment systems, the arrival of new energy vehicles, and the increased potential of ADAS are expected to contribute to the growth of the global automotive PCB market. The...
Global Anti-Lock Braking System (ABS) Market, By Vehicle Type (Passenger Cars, Commercial Vehicle and Two-Wheeler), By Sub-System (Sensors, Electronic Control Unit and Hydraulic Unit), By Region, Competition Forecast & Opportunities, 2024 Global Anti-Lock Braking System (ABS) market was valued at around $ 57 billion...
This IDC Market Perspective analyzes several near- and longer-term challenge areas that must be resolved to enable the safety and efficiency benefits promised by vehicle-to-everything (V2X) communications. This includes clarifying the state and readiness of the security credential management system (SCMS), reducing the complexity to deploy...
120 pages •
By Infiniti Research Limited
• Aug 2019
Global Automotive Armrest Market: About this market This automotive armrest market analysis considers sales from passenger vehicles and commercial vehicles. Our analysis also considers the sales of the automotive armrest in APAC, Europe, North America, South America, and MEA. In 2018, the passenger vehicles segment had...
The global automotive mold market is expected to grow at a CAGR of over 7% during the forecast period 2018-2024. The global automotive mold industry is set to witness the launch of virtual molding via enhanced digital software. The introduction of new energy vehicles (electric ones) in the automobile market is one of the key growth...
122 pages •
By Infiniti Research Limited
• Aug 2019
Global Automotive Driver Monitoring System Market 2019-2023: About this market Driver monitoring systems monitor, detect and alert drivers if they are found to be tired or distracted. These can also monitor the psychological parameters of drivers, such as body temperature, blood pressure, pulse rate, heartbeat,...
Advent of machine learning in the automotive industry coupled with excessive usage of real-time data for vehicle functions are anticipated to trigger the growth of the predictive vehicle technology market. The global predictive vehicle technology market is projected to grow at a CAGR of 20.1% to reach USD 90.2 billion by...
347 pages •
By Transparency Market Research
• Sep 2019
Automotive Electric Power Steering Market - Scope of the Study [347 Pages Report] the analyst, in its recently published report, sheds light on the growth of the automotive electric power steering market over the course of the forecast period of 2019-2027. This business study outlines the key trends and significant...
Updated in the last quarter, this report has been extracted from motor industry information and intelligence platform QUBE and provides a comprehensive overview of the global OE cockpits and instrumentation sector, major suppliers, top 14 markets, technology trends and market size forecasts. Based on exclusive interviews, primary research...
280 pages •
By Persistence Market Research
• Jul 2019
The analyst recently published a new research study on automotive interior materials market, wherein the market behavior has been deeply analyzed for the assessment period of 2019–2029.The report on automotive interior materials market offers a deep dive into the dynamics influencing the market growth. The research study focuses...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.