Market Research Future (MRFR) a firm that specializes in providing research reports on various domains recently released a research report on global automotive control panel market. According to their assessment, this market will grow exponentially during the forecast period of 2017-2023.
Automotive Control Panel Companies Reviewed Are: Lear Corporation (U.S.), Calsonic Kansei Corporation (Japan), Hyundai Mobis Co.Ltd., (South Korea), Toyota Boshoku Corporation (Japan), Magna International Inc. (Canada), Johnson Controls, Inc. (U.S.), Delphi Automotive Plc. (U.K.) and Continental AG (Germany).
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Automotive Control Panel Global Market Highlights:
Global Automotive control panel Market Information Report By Component (Rotary Switch, roof light, Touch Pad, Smart Roof, Locking Function, Side mirror, Door Panel Light, Driver Monitoring Camera, Electric Window and Others), By Control Panel Type (Manual, push button and Touch Screen), By Vehicle Type (Passenger Cars and Commercial Vehicles) and By Region with Forecast To 2023.
Automotive control panels are electrical and graphical instrumentations that are utilized for vehicle operation. Control panel is an indispensable part of a vehicle as it helps the driver to operate various systems of the vehicle. These systems can be typically found in vehicles like boats, passenger cars, airplanes, and ships.
The research report by MRFR predicts that this market will witness steady growth during the projection period. Automotive control panel market is anticipated to move ahead at the CAGR of 7%. By the end of the projection period, the market is estimated to generate an impressive revenue.
The upsurge in demand for electric vehicles in several regions of the world is a chief growth booster for this market. As the demand for electric vehicles goes up, the need for automotive electronic component also rises. When these components are incorporated in electric vehicles, it becomes convenient for the driver to access different comfort features of the automobile. And ultimately, it is the automotive control panel market that garners benefit.
Strict government rules & policies for decreasing the weight of vehicles to reduce carbon dioxide emissions, rapid urbanization, heightened demand for interior comfort and hike in the sales of luxury cars further foster the growth of the market.
The global automotive control panel market has been categorized on the basis of components, vehicle types and control panel type.
- By vehicle type – Commercial vehicles and passenger cars.
- By component – Electric window, rotary switch, door panel light, touch pad, looking function, driver monitoring camera and roof light.
- By control panel type – Touch screen, push button and manual. Push button segment dominates the market and is projected to tread forward at a promising CAGR during the projection period.
Comprehensive Regional Analysis:
Region-wise, the automotive control panel market, has been distributed across four main regions such as Europe North America, Asia Pacific, and Rest of the World. The Asia Pacific accounts for the biggest share of the market at present. It is because countries like China observe the presence of a large number of automobile control panel manufacturers. The Asia Pacific is anticipated to dominate the market during the forecast period as the original equipment manufacturers in this region are working towards improving their technological abilities. Furthermore, increase in comfort and safety levels in premium and luxury further propels the growth in this region.
Recently, Faurecia, a global automotive supplier organization announced that they would be partnering with Chinese electric vehicle, OEM, BYD. Together they launched a new company, named Shenzhen Faurecia Automotive Parts Co., Ltd. (70% Faurecia -30% BYD). The joint venture will focus on developing and manufacturing advanced seating solutions for BYD-affiliated OEM brands.
The global automotive control panel market is a highly competitive landscape. The vendors of this market continually work towards improving their service offerings. The primary strategies employed by them are supply contracts, new product development, agreements, partnerships and investment in research & development activities.
Manufacturers of Automotive Control Panel
Raw material suppliers for Automotive Control Panel
Government and research organization
Investment bankers and M&A Consultants
Scope of the report:
This study provides an overview of the global Automotive Control Panel market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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