Automotive Control Panel Market - 2021
The automotive control panel market ecosystem comprises various control panel component manufacturers such as Continental AG (Germany), Johnson Controls, Inc. (U.S.), Magna International Inc. (Canada), and Faurecia S.A. (France). These manufacturers supply components to numerous vehicle manufacturers, which include BMW AG (Germany), Daimler AG, (Germany), Fiat Chrysler Automobiles (Italy), Ford Motor Company (U.S.), and Toyota (Japan). The ecosystem also includes regional automotive associations such as the International Organization of Motor Vehicle Manufacturers (OICA), Society of Indian Automotive Manufacturers (SIAM), China Association of Automobile Manufacturers (CAAM), Japan Automotive Manufacturers Association (JAMA), and European Automobile Manufacturers Association (ACEA).
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The automotive control panel market is projected to grow from USD 74.65 Billion in 2016 to USD 110.18 Billion by 2021, at a CAGR of 8.10%. Market growth is primarily driven by innovations and technological advancements in the automotive industry. The rising demand for electric vehicles also boosts the demand for automotive electronic components and control panels. The control panel provides easy access to various comfort and convenience features in the vehicle.
The objective of the study is to define and segment the global market for passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). This report also segments the global market by component into rotary switch, roof control, roof light, touchpad, smart roof, electric window, locking function, side mirror, door panel light, and driver monitoring camera. The electric window segment is estimated to hold the largest market share. The growing inclination of consumers towards enhanced interior styling has boosted the electric window market.
Years considered for the study:
- 2015-base year
- 2016-estimated year
- 2021-projected year
Research Methodology:
The research methodology used in the report involves primary and secondary sources. Secondary sources include paid databases and directories. In the primary research stage, experts from related industries and suppliers have been interviewed to understand the future trends of the automotive control panel market. The market size, in terms of volume (thousand units) and value (USD million), for various regions and product applications has been derived using forecasting techniques based on automobile demand and production trends. The OEM prices of automotive control panel components have been verified through primary sources. The bottom-up and top-down approaches have been followed to derive the market size, in terms of volume and value.
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
- Profiling of additional market players (Up to 3 players)
- Automotive Control Panel Component Market, By Vehicle Type*
- *Only two vehicle types will be covered under this segment: passenger cars and commercial vehicles.
The automotive control panel market is projected to grow at a CAGR of 8.10%, from USD 74.65 Billion in 2016 to USD 110.18 Billion by 2021. It is driven by the increasing demand for application-based technologies and the growing demand for enhanced interior styling.
Asia-Pacific is estimated to account for the largest share of the global market. The region comprises emerging economies such as China, Japan, South Korea, and India. China, the largest vehicle producer in the world, is estimated to be one of the largest markets for automotive control panels. The increasing vehicle production, coupled with the growing demand for comfort and convenience, will likely drive the market in Asia-Pacific.
Critical questions the report answers:
- What are the major trends in automotive control panel market?
- Which vehicle type will lead market?
- What will be the impact of increasing demand of electric vehicles on market?
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