Global automotive control panel market by component (rotary switch, roof control, roof light, touch pad, smart roof, electric windows, locking function, side mirror, door light and driver monitoring camera)-by vehicle type (passenger cars, light commercial vehicles and heavy commercial vehicles) -by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) – is expected to reach US $ 150.90 Bn by 2026, at a CAGR of 8.26 %.
The automobile industry have advanced technological developments. The easy availability of cheap labour, with raw materials in developing countries like India and China, safeguards the easy availability of complex electronic materials. The development of electronics and communications industry is contributing expansively growth in the global automotive control panel market. The introduction of stringent safety norms and growing vehicle electrification are expected to drive the global automotive control panel market.
Electric windows are expected to grow art high rate of CAGR in the global automotive control panel market.
Electric windows are expected to share significant growth in the global automotive control panel market. These windows are a common feature found in vehicles. With its widespread adoption in all vehicle segments, the electric window segment is expected to hold the significant market share. Original equipment manufacturers are focusing to offer an additional switch, which locks all the windows of the vehicle to enhance safety. The purchasing behaviour of consumers is comprehensively influenced by the safety standards.
Driver monitoring cameras are expected to share significant growth in the global automotive control panel market.
Driver monitoring cameras are projected to lead the global automotive control panel market. These cameras are helps to detect any risky behaviour on the part of the driver. This is also help to avoid potentially dangerous situations during driving. The growing incidence of road accidents are expected to increase need for the installation of driver monitoring camera systems. Increasing traffic in urban areas is one of the Major Key factors in the global automotive control panel. The increasing demand for safety features in vehicles are expected to the growth of the driver monitoring camera market.
Asia Pacific is expected to share significant growth in the global automotive control panel market.
The global automotive control panel market is segmented into Asia-Pacific, North America, Europe, South America and North America. Among these, Asia-Pacific is projected to lead the automotive control panel market. The sales statistics for this region indicate favourable growth potential owing increased comfort and safety levels in premium and luxury cars. North America is projected to be the second-largest market for global automotive control panels. The North American market is predominantly driven by the growing demand for enhanced comfort and convenience features.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of some of the leading manufacturers such as Faurecia S.A., Magna International Inc., Hyundai Mobis Co., Ltd., Toyota Boshoku Corporation, Calsonic Kansei Corporation, Lear Corporation, Continental AG, Johnson Controls, Inc., Delphi Automotive PLC. And Valeo SA
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global automotive control panel market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global automotive control panel market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global automotive control panel market positioning of competitors.
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