Press release
Unveiling Growth Opportunities in the Automotive Sunroof Market: Global Insights 2024
Automotive Sunroof Market
The automotive sunroof market size is expected to see rapid growth in the next few years. It will grow to $11.97 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increased adoption of vehicle electrification, incorporation of sophisticated electrical systems within the automotive sector, heightened emphasis on safety and performance enhancements, emphasis on sustainable and eco-friendly materials, growth in the luxury car segment. Major trends in the forecast period include advancements in glass technology that provide greater ultraviolet protection, technological advancements in sunroof mechanisms, integration of smart sensors for automatic control, development of self-tinting and glare-reducing sunroof glass, adoption of energy-efficient and noise-reducing technologies.
Market Overview -
An automotive sunroof is a fixed or functional aperture in the roof of a vehicle that can be operated manually or automatically and can have a transparent or opaque panel. The automotive sunroof is used to allow fresh and light air to enter the vehicle.
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Rising Passenger Vehicle Sales Boost Automotive Sunroof Market Growth
Increased passenger vehicle sales are expected to propel the growth of the automotive sunroof market going forward. Passenger vehicles are motor vehicles that are used for the transport of passengers for commercial purposes. The sunroofs in passenger vehicles make the interiors of vehicles bright, provide effective ventilation, and enhance the driving experience. Thereby, sunroofs are installed in passenger vehicles to enhance the overall experience of passengers. For instance, according to the China Association of Automobile Manufacturers, the sales of passenger vehicles were approximately 21.48 million in 2021, up 6.5% from the previous year. Therefore, increasing passenger vehicle sales are driving the growth of the automotive sunroof market.
Competitive Landscape -
Major companies operating in the automotive sunroof market report are Webasto SE, CIE Automotive SA, Inteva Products LLC, Inalfa Roof Systems Group BV, Yachiyo Industry Co. Ltd., Johnan America Inc., Signature Automotive Products LLC, Magna International Inc., Mitsuba Corporation, AISIN Corporation, Wuxi Ming Fang Automobile Parts Industry Co. Ltd., Automotive Sunroof-Customcraft Inc., BOS GmbH & Co. KG, Asahi Glass Co Ltd., Valmet Automotive Inc., Corning Incorporated, Meritor Inc., Yuhuan Mingda Auto Parts Co. Ltd., Aguti Produktentwicklung & Design GmbH, Inoac Corporation, Preh GmbH, Wuhu Mosun Technology Co. Ltd., Guelph Manufacturing Group Inc., CTS Corporation, GAHH Automotive Group, Wilhelm Karmann GmbH, Nippon Sheet Glass Co. Ltd., Saint-Gobain Sekuri, C. Rob. Hammerstein Group, KRD Sicherheitstechnik GmbH
Innovative Advancements In Automotive Sunroofs With The (Advanced Driver Assistance Systems) ADAS Roof Module
Major companies operating in the automotive sunroof market are focusing on innovating technology, such as the ADAS (Advanced Driver Assistance Systems) roof module, to provide reliable services to customers. The ADAS (Advanced Driver Assistance Systems) roof module is a technology that combines 14 cameras and lidar sensors and is integrated into a vehicle panoramic sunroof. For instance, in August 2023, Webasto Group, a Germany-based manufacturer in the automotive industry, launched the ADAS (Advanced Driver Assistance Systems) roof module. The ADAS (Advanced Driver Assistance Systems) roof module has five functions, such as obstacle detection, lane departure warning, automatic emergency braking, adaptive cruise control, and traffic sign recognition. It is designed to optimize safety, appearance, use of space, and ease of maintenance.
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Key Segments -
The automotive sunroof market covered in this report is segmented -
1) By Type: Inbuilt Sunroof, Spoiler Sunroof, Pop-up Sunroof, Panoramic Sunroof, Other Types
2) By Material Type: Glass, Fabric, Other Material Types
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Electric Vehicles
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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