Automotive Control Panel Market 2018 Global Leading Players Analysis: Continental, Johnson Controls, Magna, Hyundai, Faurecia, Lear Corporation, Valeo, Delphi Automotive, Toyota Boshoku and Calsonic Kansei

Automotive Control Panel Market 2018 Report provides Global Automotive Control Panel Market Size, Share, Growth, And Trends Analysis By historic and forecast data with regional outlook to 2023. Automotive Control Panel Market is segmented into 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.

Automotive Control Panel Market Key Company Analyzed:

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) and Calsonic Kansei Corporation (Japan).

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Market Highlights:

Over the past few years, the automobile industry have been witnessing resurgence of advanced technological developments. The easy availability of cheap labor along with raw materials in developing countries such as India and China, ensures the easy availability of complex electronic materials. In the newer models of all automotive, many new technologies and systems have been implemented such as infotainment services, engine control systems and multimedia systems. Thus, the development of electronics and communications industry is also contributing extensively in the growth of the automotive control panel market. The other factors leading to the growth of the automotive control panel market are the introduction of stringent safety norms and increasing vehicle electrification. Increase in demand for enhanced cabin comfort and convenience features in high end passenger vehicles owing to the increase in purchasing power, also helps in the growth of the automotive control panel market.

The global automotive control panel market is being majorly driven by factors such as the increase in the demand for electric vehicles in major parts of the world. This, in turn, would drive the demand for automotive electronic components also control panels with advanced features. The inclusion of advanced control panels in electric vehicles, ensures easy access to the driver for various comfort and convenience features in the automobile. The introduction of stringent government regulations for the reduction of weight of vehicles for reducing carbon dioxide emissions, is also driving the growth of the market. The other factors contributing in the growth of the automotive control panels market are the rapid urbanization, increase in demand for interior comfort, and increase in the sales of luxury cars.

Regional Analysis:

Geographically, the global automotive control panel market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World.  Countries such as China have the existence of a large number of automobile control panel manufacturers in the Asia Pacific region. The region is expected to dominate the global automotive control panel market over the forecast period Original equipment manufacturers in this region are enhancing their technological capabilities and, are thus, able to offer better interior facilities for vehicles. The region also indicates promising growth potential, owing to an increase in comfort and safety levels in premium and luxury cars. The increase in the production of automobiles along with the growing demand for comfort and convenience is also expected to contribute in the growth of the market over the forecast period.

Automotive Rear View Mirror Market by Segmentation:

Based on components, the automotive control panel market has been segmented as rotary switch, roof light, touch pad, smart roof, locking function, side mirror, door panel light, driver monitoring camera, electric window and others. Amongst these, driver monitoring camera is expected to grow significantly over the forecast period. These cameras detect any risky behavior on the part of the driver, thereby helping in avoiding potentially dangerous situations during driving. The rise in the number of road accidents caused by driver drowsiness or fatigue, is driving the installation of driver monitoring camera systems. Increasing traffic in urban areas, is also a key factor responsible for the rising number of road accidents. The rising demand for safety features in vehicles, would accelerate the growth of the driver monitoring camera market.

Based on vehicle type, the market has been segmented as passenger cars and commercial vehicles, out of which, passenger cars segment is expected to dominate the market. Control panels are designed, specifically, to minimize the space required for technical equipment. With the advancements in vehicular technology, a high number of controls are being incorporated into the design of cabins. Therefore, the use of control panel in passenger cars facilitates space efficiency.

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