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(MoneyNewsWire.Net, February 16, 2018 ) Automotive control panel Market 2018
Global Automotive control panel Market Information Report By Component (Rotary Switch, roof light, Touch Pad, Smart Roof, Locking Function, Side mirror, Door Panel Light, Driver Monitoring Camera, Electric Window and Others), By Control Panel Type (Manual, push button and Touch Screen), By Vehicle Type (Passenger Cars and Commercial Vehicles) and By Region - Forecast To 2023
Market Synopsis
Automotive control panels are electrical and displaying controls that are being used for the operation of vehicles. The control panel provides the driver with operational knowledge of various systems of the vehicle. Control panels form an integral part of passenger cars, motorcycles, airplanes, ship, boats and other vehicles.
The global automotive control panel market is being majorly driven by factors such as the increase in the demand for electric vehicles in major parts of the world. This, in turn, would drive the demand for automotive electronic components also control panels with advanced features. The inclusion of advanced control panels in electric vehicles, ensures easy access to the driver for various comfort and convenience features in the automobile. The introduction of stringent government regulations for the reduction of weight of vehicles for reducing carbon dioxide emissions, is also driving the growth of the market. The other factors contributing in the growth of the automotive control panels market are the rapid urbanization, increase in demand for interior comfort, and increase in the sales of luxury cars.
The global automotive control panel market has seen a remarkable growth in the global market and it has been observed that, its demand in future is expected to grow with the CAGR of ~7%.
The prominent players in the automotive control panel market include Continental AG (Germany), Johnson Controls, Inc. (U.S.), Magna International Inc. (Canada), Hyundai Mobis Co. Ltd. (South Korea), Faurecia S.A. (France), Lear Corporation (U.S.), Valeo SA (France), Delphi Automotive Plc. (U.K.), Toyota Boshoku Corporation (Japan) and Calsonic Kansei Corporation (Japan).
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Based on control panel type, the automotive control panel market has been segmented as manual, push button and touch screen. Amongst these, the push button segment is expected to grow with the highest CAGR during the forecast period. Push button control panel consists of buttons and switches to manage operations. The designing of control panels with push buttons require different components and designing of corresponding graphics and charts to implement wiring installed components such as emergency stop buttons, start push-buttons, sound elements and buttons with LEDs or LED lighting.
Geographically, the global automotive control panel market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. Countries such as China have the existence of a large number of automobile control panel manufacturers in the Asia Pacific region. The region is expected to dominate the global automotive control panel market over the forecast period Original equipment manufacturers in this region are enhancing their technological capabilities and, are thus, able to offer better interior facilities for vehicles. The region also indicates promising growth potential, owing to an increase in comfort and safety levels in premium and luxury cars. The increase in the production of automobiles along with the growing demand for comfort and convenience is also expected to contribute in the growth of the market over the forecast period.
The report for Global Automotive Control Panel Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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