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Automotive Control Panel Market


Automotive & Transportation
Automotive Systems

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.

Driver monitoring cameras are estimated to dominate the market in terms of growth rate in 2016, followed by touchpads. Increasing vehicle electrification and the rising demand for enhanced cabin comfort and safety are driving the market for automotive control panels. The growing demand for safety features and application-based technologies represents a promising opportunity for automotive control panel manufacturers.

Electric windows are estimated to constitute the largest application market (by value), followed by rotary switches. Electric windows, rotary gear knobs, and various other features are generally found in the premium and luxury car segments. However, the passenger car segment is also expected to have high growth potential. Innovations and technological advancements in regions such as North America and Europe have resulted in the development of advanced technologies, and have consequently been driving the global market.

Other types of control panels considered in the study are roof control, roof light, smart roof, locking function, side mirror, and door light. These control panels represent an attractive market, especially in Asia-Pacific and North America, which are the fastest-growing regional markets for automotive control panels.

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.

Automotive Control Panel Market

Rising demand for application based technologies, increasing vehicle production, high demand for luxury vehicles, and growing demand for electric vehicles are creating opportunities for the growth of the automotive control panel market

Passenger Cars

A Passenger Car (PC), as defined by the OICA, is a motor vehicle equipped with at least 4 wheels, comprising not more than 8 seats. The PC segment is the largest, by vehicle type, and includes sedans, hatchbacks, station wagons, Sports Utility Vehicles (SUVs), and Multi-Utility Vehicles (MUVs). This vehicle segment is the most promising market for electric vehicles as it is the largest segment in the automotive industry. The PC segment of the electric vehicle market is growing at a significant rate in emerging economies in the Asia Pacific region. The market growth in the region can be attributed to a rise in the GDP and population, improvement in lifestyle, increased purchasing power of consumers, and development of infrastructure.

Light Commercial Vehicles

Vehicles that have authorized mass between 3.5 tons and 7 tons are called light commercial vehicles. LCVs have come a long way from having bare essential features to full-blown utility vehicles that can be used for passengers as well as commercial purposes.

Heavy Commercial Vehicles

The HCV segment comprises trucks/lorries, buses, and coaches. Vehicles that have authorized mass more than 7 tons are called heavy commercial vehicles. HCVs combine 2 categories of vehicles—heavy trucks and buses and coaches. The nature of these vehicles limits their production volume and growth rates as they are used in specific applications such as logistics, construction, and mining industries.

The automotive control panel market is estimated to be dominated by a few globally established suppliers such as Johnson Controls, Inc. (U.S.), Continental AG (Germany), Magna International Inc. (Canada), Faurecia S.A. (France), and Valeo S.A. (France). These companies have adopted strategies such as new product development, expansion, mergers & acquisitions, and joint ventures, to gain traction in the market.

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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