Press release
Automotive Control Panel Market Size, Share Growth, and Key Players Analysis 2018-2023: Hyundai Mobis Co. Ltd. (South Korea), Faurecia S.A. (France), Lear Corporation (U.S.), Valeo SA (France), Delphi Automotive
Automotive Control Panel Market Key Players Analyzed in Report Are:
The prominent players in the automotive control panel market include 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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Automotive Control Panel Market Highlights:
Automotive control panels are electrical and displaying controls that are being used for the operation of vehicles. The control panel provides the driver with operational knowledge of various systems of the vehicle. Control panels form an integral part of passenger cars, motorcycles, airplanes, ship, boats and other vehicles. The global automotive control panel market has seen a remarkable growth in the global market and it has been observed that, its demand in future is expected to grow with the CAGR of ~7%.
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.
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.
Browse more details on “Automotive Control Panel Market Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/reports/automotive-control-panel-market-5314
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