Automotive Control Panel Market Size Analysis
The automotive control panel market
size is predicted to develop at a 7% CAGR between 2022- 2030, states the
recent Market Research Future (MRFR) analysis. Automotive control panels,
simply put, are electrical displaying controls that are used to operate cars.
It offers the driver operational knowledge regarding the different systems of
the car and plays a pivotal part in boats, ships, airplanes, motorcycles,
passenger cars, and other vehicles. Touch screen, manual, and push-button are
the different types of automotive control panels, and its different components
include electric window, driver monitoring camera, door panel light, side
mirror, looking function, smart roof, roof light, touchpad, rotary switch, and
more.
Various factors are propelling the global automotive control panel
market share. According to the recent MRFR report, such factors include the
rising trend of vehicle electrification, growing stringent safety norms, demand
for improved cabin comfort, demand for electric cars, and implementation of
fire safety norms. Additional factors adding market growth include the demand
for convenience features on premium cars, burgeoning demand for interior
styling, rising joint ventures amid domestic players and OEMs, increasing sales
of luxury cars, rapid urbanization, and development of sunroof in cars.
On the contrary, the impact of the COVID-19 pandemic may limit the
global automotive control panel market growth over the forecast period.
Automotive Control Panel Market Size Key Players
- Continental AG (Germany)
- Johnson Controls
- Inc. (U.S.)
- Magna International Inc.
(Canada)
- Hyundai Mobis Co. Ltd.
(South Korea)
- Faurecia S.A. (France)
- Lear Corporation (U.S.)
- Valeo SA (France)
- Delphi Automotive Plc.
(U.K.)
- Toyota Boshoku Corporation
(Japan)
- Calsonic Kansei Corporation
(Japan)
Automotive Control Panel Market Size Segmentation
The MRFR report highlights an inclusive segmental analysis of the global
automotive control panel market based on vehicle type, component type, and
control panel type.
By control panel type, the global automotive control panel market is
segmented into the touch screen, manual, and push-button. Of these, the push
button segment will lead the market over the forecast period and at a high
CAGR. This comprises switches and buttons for managing operations.
By component type, the global automotive control panel market is segmented
into the electric window, driver monitoring camera, door panel light, side
mirror, looking function, smart roof, roof light, touchpad, rotary switch, and
more. Of these, the electric window will dominate the market over the forecast
period.
By vehicle type, the global automotive control panel market is segmented
into commercial vehicles and passenger cars. Of these, passenger cars will
command the largest share in the market over the forecast period.
Automotive Control Panel Market Size Regional Analysis
By region, the global automotive control panel market covers the growth
opportunities and recent trends across Europe, North America, the Asia Pacific
(APAC), & the Rest of the World (RoW). Among these, the APAC region will
lead the market over the forecast period. The presence of several top
manufacturers, surge in safety levels and comfort in luxury and premium cars,
increase in automobile production, growing demand for convenience and comfort,
and OEMs improving their technological capabilities are adding to the global
automotive control panel market growth in the region.
The global automotive
control panel market size in North America is
predicted to have the second-largest share over the forecast period. Growing
demand for convenience features and enhanced comfort is adding to the global
automotive control panel market growth in the region.
The global automotive control panel market in Europe is predicted to
have sound growth over the forecast period for improved disposable income,
growing demand for cars, and technological advances.
The global automotive control panel market in the RoW is predicted to
have steady growth over the forecast period.
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