Automotive Interiors Market Trends and Forecast by 2023 | JOHNSON CONTROLS, MAGNA INTERNATIONAL, PANASONIC CORP and DELPHI AUTOMOTIVE

Market Analysis:

Europe to Dominate the Market
Infotainment systems is the largest segment of the automotive interiors market. The European region is the most significant market for automotive infotainment systems due to the presence of manufacturing facilities of largest premium automakers and the fastest growing market for these systems is the Asia-Pacific region.

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The automotive industry is undergoing a rapid transformation with disruptive technologies being introduced, such as autonomous vehicles, connected cars, and electric vehicles. The introduction of autonomous vehicles will transform the interiors of the automobile, as the role of infotainment systems will become primary ensuring safety, security, and comfort of the passenger. As the share of electric vehicles in the automotive market is expected to proliferate over the years, the automakers will have to focus on interiors for product differentiation to attract customers as the performance of electric vehicles manufactured by different OEMs are expected to be at similar level.

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Market Segments:
Automotive Interiors Market is segmented by:
1. Vehicle Type: Passenger Vehicles, Commercial Vehicles
2. Component: Seats, Infotainment Systems, Interior Lighting, Body Panels, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market:
June, 2017: CVC Capital Partners has agreed to acquire Pasubio, a specialised provider of premium leather for the automotive industry, from the Pretto family.

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