Press release
Future Perspective: Key Trends Shaping the Automotive Sun Visor Market Up to 2030
Automotive Sun Visor Market
Projected Expansion of the Automotive Sun Visor Market Through 2030
The automotive sun visor market is expected to reach a value of $3.62 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.4%. This anticipated growth is fueled by rising demand for premium vehicles, advancements in electric vehicle interiors, incorporation of smart display technologies, use of lightweight materials, and the ongoing evolution of digital cockpits. Key trends supporting this growth include increasing emphasis on driver comfort, the rise of smart and LCD sun visors, integration of infotainment features, utilization of lightweight components, and customization options in vehicle interiors.
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Leading Companies Driving Innovation in the Automotive Sun Visor Industry
The automotive sun visor market is dominated by several prominent players, including Grupo Antolin, Toyota Boshoku Corporation, HOWA Co. Ltd., Kasai Kogyo Co. Ltd., Gentex Corporation, Yanfeng Automotive Interiors, IAC Group, Faurecia SE, Lear Corporation, TS Tech Co. Ltd., Kyowa Sangyo Co. Ltd., Nifco Inc., Dongfeng Visteon Automotive Trim Systems Co. Ltd., Maruyasu Industries Co. Ltd., Sunvisors India Private Limited, GRIOS s.r.o., Ningbo New Huatai Plastics Electric Appliance Co. Ltd., UACJ Automotive Whitehall Industries, Sankei Giken Kogyo Co. Ltd., Hiruta Kogyo Co. Ltd., and Tokai Rika Co. Ltd.
Significant Market Moves Strengthening the Industry
In April 2023, Autoneum Holding AG, a Swiss company specializing in acoustic and thermal vehicle solutions, acquired Borgers Automotive for $125.19 million. This acquisition bolsters Autoneum's position in the automotive interior components market by incorporating Borgers' expertise in sun visors, headliners, and trunk linings. Borgers Automotive, based in Germany, is recognized for manufacturing these key interior vehicle parts, further enhancing Autoneum's portfolio to deliver more sustainable and innovative solutions.
View the full automotive sun visor market report:
https://www.thebusinessresearchcompany.com/report/automotive-sun-visor-global-market-report
Innovations Shaping the Future of Automotive Sun Visors
Leading companies are focusing on introducing advanced products such as dimmable sun visors that automatically adjust tint according to surrounding light conditions. These smart visors use electrochromic materials or photochromic sensors to respond to changes like bright sunlight or the glare from oncoming headlights, enhancing both driver comfort and safety.
For example, in January 2024, Gentex Corporation from the US unveiled a new lineup of dimmable glass, vision, sensing, and connectivity products, including a state-of-the-art dimmable sun visor. This product features a switchable vanity mirror and embedded displays, designed to adapt seamlessly to light conditions. Not only does it reduce glare, but it also serves as a functional vanity mirror, combining convenience with improved safety. Gentex's innovations reflect the company's commitment to embedding cutting-edge technology into automotive interiors to elevate the overall driving experience.
Detailed Breakdown of the Automotive Sun Visor Market Segments
The automotive sun visor market is analyzed across several segments:
1) Components: Conventional sun visors and smart sun visors
2) Material Type: Fabric, metal, and plastic
3) Vehicle Type: Passenger cars and commercial vehicles
4) Application: Aftermarket and original equipment manufacturers (OEMs)
5) Sales Channel: Offline and online
Further subcategories include:
- Conventional sun visors such as those with or without mirrors, lighted mirrors, extendable designs, sliding models, and dual sun visors
- Smart sun visors comprising electrochromic (auto-dimming) visors, LCD or SPD light-adjustable visors, and camera-assisted transparent visors
This segmentation highlights the diversity within the automotive sun visor market, reflecting evolving consumer demands and technological advancements shaping future growth.
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