Automotive Control Panel Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global automotive control panel market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2022-2028). Automotive control panels are the component of a car's dashboard and interior that are designed to control the various operations, including lights, wipers, air-conditioning, infotainment system, and many others. The major factor attributing to the growth of the global automotive control panel market includes the increasing application of automotive control panels in passenger cars and commercial vehicles due to the increasing production of motor vehicles across the globe. According to the 2021 Production Statistics report published by the International Organization of Motor Vehicle Manufacturers (OICA), around 80 million motor vehicles were produced across the globe in 2021. Among these, around 23 million commercial vehicles were manufactured and around 57 million passenger cars were produced in 2021. Thus, increasing the demand for control panels in the automotive sector.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances-

•In April 2021, Spotify launched a new accessory called "Car Thing". Car Thing is a touchscreen control panel designed to play Spotify content in a car. Furthermore, Spotify announced the up-gradation of the Car Thing accessory. It is being updated to receive incoming calls from connected smartphones so that consumers can use Car Thing for hand's free calling.
•In March 2022, Toyota Motor Corp. launched its new pickup truck "Hilux" in the Indian market at a price range between INR 33.9 lakhs to INR 36.8 lakhs. The new Hilux pickup truck will come with a lot of new features, including interior trims, switchgear, steering wheel, touchscreen instrument cluster, and climate control panel.
•In April 2022, BMW announced the new upgrade for a facelifted version of its existing X7 SUV. BMW plans to upgrade X7 with fresh designs for both rear and front-end, a new 4.4-liter V8 engine option, and many changes to its control panel and multimedia suite including a futuristic curved display.
•In April 2022, SemiDrive announced the launch of the new E3 series microcontroller. SemiDrive is a Chinese smart car microchip developer who adopted TSMC 22nm automotive-grade chipset in its new E3 series. This chip is suitable for many automotive applications, including chassis by wire, BMS, ADAS, LCD panel, HUD, infotainment systems, CMS, and many others.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Component
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Continental AG, Magna International Inc., Valeo, Johnson Controls Inc., and Faurecia, among others.

A full report Automotive Control Panel Market of is available at:  https://orionmarketreports.com/automotive-control-panel-market/108704/

Global Automotive Control Panel Market Report by Segment
By Component
•Rotary Switch
•Roof Control
•TouchPad
•Window Control
•Others
By Application
•Passenger cars
•Commercial vehicles

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

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This release was published on openPR.