Automotive Control Panel Market - Analysis and future growth opportunities by 2024

Automotive control panels are electrical and displaying instrumentation and controls for vehicle operation. The control panel forms an integral part of the vehicle, as it provides the driver with operational knowledge of various systems of the vehicle. Low-end passenger cars usually have a basic control panel consisting of a speedometer, tachometer, fuel gauge, climate control, engine temperature gauge, and indicator lights among others. Whereas, complex electronics, sensing systems, touch screen entertainment system, tire pressure monitor and seat belt monitor are some of the high-end systems found in technologically advanced cars. Beside vehicle, control panels are an integral part of motorcycles, airplanes, ship, boats and other vehicles. Though it is imperative on the part of the driver to know the operations of each control system on the panel, information regarding the use and functions of each of the operations are usually displayed on the control panel. The control panel may be manually operated, it can come with push buttons or more technologically advanced ones come with a touch screen pad. The control panel consists of microprocessor to provide input data to the programmer. Tachometer performs the function of measuring the total number of revolutions of a driveshaft in a minute, while a fuel gauge measures the amount of fuel present in the tank of the vehicle. Furthermore, climate control keeps the temperature inside the car at comfortable levels, and engine temperature gauge indicates the need to turn off the engine in case it gets heated up.

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The recent years have been witnessing resurgence of advanced technological development in automobiles. With cheap labor, and raw materials in countries like India, China, the complex electronic materials are easily available. Starting from infotainment services, engine control to multimedia systems, all are implemented in automobiles in recent days. Therefore development of the electronics and communications industry also plays a key role in the growth of the automotive control panel market. Moreover, stringent safety norms and increasing vehicle electrification has led to innovations and growth of the control panel systems. Demand for enhanced cabin comfort and convenience features are also responsible for driving the growth of the automotive control panel market.

The maintenance cost involved in the repairing of the control panel systems is likely to create a moderate retraining impact on the market.

Demand for interior styling, and development of solar sunroofs are some of the market opportunities which will further drive the automotive control panel market.

The global automotive control panel market has been segmented based on control panel type, component type, and geography.

The market segment based on control panel type includes, manual, push button and touch screen pad. Manual control panel is manually operated, push button control panel consists of buttons and switches to manage operations while the touch screen pad is found in high-end cars and includes a display screen. By components the market has been segmented into five broad categories, namely, temperature control valve, air conditioner manual, air heating and cooling, air compressor, driver monitoring camera, rotary switch, roof control, roof light and others.

Based on geography, the segmentation includes, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific region is anticipated to grow with the highest growth rate owing to huge investments by leading OEMs of developed countries of the U.S and Europe. This huge investment in turn has been impelled by a young population in countries such as India, and the expansion of middle class population with improved disposable income.

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Some of the leading companies operating in this market are, Faurecia SA (France), Magna International Inc. (Canada), Lear Corporation (U.S.), Continental AG (Germany), Johnson Controls Inc. (U.S.), Hyundai Mobis Co. Ltd. (South Korea), Calsonic Kansei Corporation (Japan),Toyota Boshoku Corporation (Japan), and Delphi Automotive Plc.(U.K.), among others.

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