Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The automotive control panel market is a crucial segment within the automotive industry, playing a significant role in the functionality and aesthetics of vehicles. Market dynamics in this sector are influenced by a myriad of factors, ranging from technological advancements to consumer preferences and regulatory requirements.
One of the primary drivers shaping the market dynamics is technological innovation. As automotive manufacturers strive to enhance vehicle performance, safety, and user experience, they continuously introduce advanced features and functionalities in control panels. This includes the integration of touchscreens, voice recognition systems, and connectivity options such as Bluetooth and Wi-Fi. These technological advancements not only improve the efficiency and convenience of control panels but also cater to the growing demand for smart and connected vehicles.
Consumer preferences also play a pivotal role in shaping the market dynamics of automotive control panels. Modern consumers are increasingly seeking vehicles with intuitive and user-friendly control interfaces. As a result, there is a growing demand for control panels that offer seamless integration with other vehicle systems, ergonomic designs, and customizable options. Manufacturers are responding to these preferences by incorporating sleek designs, intuitive layouts, and customizable features in their control panels, thereby enhancing the overall driving experience.
Moreover, regulatory requirements and industry standards exert a significant influence on the automotive control panel market dynamics. Governments worldwide are implementing stringent regulations aimed at improving vehicle safety, emissions, and energy efficiency. As a result, automotive manufacturers are compelled to incorporate safety features such as driver assistance systems, adaptive cruise control, and collision avoidance technologies into their control panels. Compliance with these regulations not only ensures adherence to legal requirements but also enhances the market competitiveness of manufacturers by bolstering consumer trust and confidence in their products.
Furthermore, market dynamics in the automotive control panel sector are also shaped by factors such as competitive landscape and supply chain dynamics. With numerous players vying for market share, manufacturers are engaged in intense competition, leading to innovations in design, features, and pricing strategies. Additionally, the global supply chain disruptions and material shortages experienced in recent times have impacted the production and distribution of automotive control panels, leading to fluctuations in market dynamics such as pricing and availability.
In response to these market dynamics, automotive control panel manufacturers are adopting various strategies to maintain their competitiveness and meet evolving consumer demands. These strategies include investing in research and development to drive innovation, forging strategic partnerships with technology providers and suppliers, and diversifying product offerings to cater to different market segments and vehicle types. Additionally, manufacturers are leveraging digitalization and automation technologies to streamline production processes, improve efficiency, and reduce costs.
In conclusion, the market dynamics of the automotive control panel market are influenced by a complex interplay of technological innovation, consumer preferences, regulatory requirements, and competitive pressures. To thrive in this dynamic landscape, manufacturers must continually adapt to changing market trends, invest in innovation, and collaborate with industry stakeholders to deliver control panels that meet the evolving needs of consumers and regulatory standards. By doing so, they can sustain their competitiveness and capitalize on opportunities for growth in the automotive control panel market.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Vehicle Type, Component, and Region |
Automotive Control Panel Market Highlights:
Automotive Control Panel Market Overview:
Global Automotive Control Panel Market Size was valued at USD 123.9 Billion in 2023. The Automotive Control Panel market industry is projected to grow from USD 132.57 Billion in 2024 to USD 212.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2024 - 2032). Demand for application-based technology is expanding, as is demand for cabin comfort and convenience features and for electric vehicles on a global scale, are the key market drivers enhancing the market growth.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Control Panel Market Trends
The introduction of stringent government regulations is driving the market growth
The market is expanding as a result of the advent of strict government laws requiring vehicle weight reduction in order to reduce carbon dioxide emissions. Rapid urbanisation, rising interior comfort demand, and rising sales of premium vehicles are the key drivers boosting the market for automotive control panels. A few of the factors driving the growth of the automotive control panel market include the rising need for electric vehicles, rising demand for cabin comfort and convenience features, and rising requirement for application-based improvements. Among the major opportunities driving the automobile control panel market are the demand for interior design and the development of solar sunroofs. Therefore, the development of the electronics and communications sector as well as collaboration between significant OEMs and local companies are crucial to the expansion of the automotive control panel market. The structure of the control panel has also evolved as a result of inventions and increased vehicle electrification and tight security regulations.
The market for automobile control panels has grown as a result of consumer desires for improved interior comfort and convenience features. One of the key challenges impeding the growth of the automotive control panel market is the reprocessing of plastic interior components used in the automobile industry. Managing opulent interiors at cheap cost is one of the key issues that presents obstacles for the growth of the automotive control panel industry. The need for automotive control panel market and control panels is also being driven by the growing necessity for electric automobiles.
Recent technical developments in the automotive industry have increased demand for touch screen control panels in luxury vehicles. Demand for electric vehicles has also increased due to its rapid growth. Furthermore, the business is progressing due to increased urbanisation and rising consumer demand for comfortable interior facilities. On the other hand, high repair and maintenance costs are a significant issue that can restrain the market's expansion. The market is also being driven forward by the government's introduction of strict regulations for vehicle weight reduction. The Automotive Control Panel Market is expanding as a result of quick urbanisation, rising interior comfort demand, and rising sales of luxury vehicles.
A few of the factors propelling the Automotive Control Panel Market ahead include rising demand for electric vehicles, rising need for cabin comfort and convenience features, and rising demand for application-based advancements. In recent years, advanced technological advancement in cars has returned. Because of the low cost of labour and raw materials in countries like China and India, complex electronic materials are easily accessible. The inclusion of multimedia systems, engine management, and entertainment services has increased in recent years. Therefore, the development of the electronics and communications sectors is essential for the growth of the market for vehicle control panels. As vehicles become more electrified and subject to stricter safety standards, control panel systems have advanced and expanded. On the other hand, the management expense related to changing the control panel structure is anticipated to have a little unfavourable influence on the automotive control panel market. Thus, driving the Automotive Control Panel market revenue.
Automotive Control Panel Market Segment Insights:
Automotive Control Panel Vehicle Type Insights
The global Automotive Control Panel market segmentation, based on Vehicle type, includes passenger cars, HCVs, and LCVs. Passenger cars segment accounted for the largest revenue share in 2022. The Control panels are made to take up the least amount of room possible for mechanical equipment. Control panels are now being included into the interior architecture of vehicles thanks to advancements in automotive technology.
Figure 1: Global Automotive Control Panel Market, by Vehicle Type, 2022 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Control Panel Component Insights
The global Automotive Control Panel market segmentation, based on component, includes rotary switch, touchpad, roof components control, electric window, locking function, smart roof, side mirror, door panel light, roof light, and driver monitoring camera. Driver monitoring camera segment dominated the global Automotive Control Panel market in 2022. With the help of these cameras, drivers should be able to avoid potentially hazardous circumstances while they are driving. The market for driver monitoring cameras is predicted to experience rapid growth due to the rising demand for safety features in automobiles.
Automotive Control Panel Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Automotive Control Panel Market dominated this market in 2022 (45.80%). This is due to the fact that the study's recommended control panel types—roof control, roof light, smart roof, locking function, side mirror, and door light—also happen to be those with the fastest regional growth for vehicle control panels. Further, the U.S. Automotive Control Panel market held the largest market share, and the Canada Automotive Control Panel market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Global Automotive Control Panel Market Share By Region 2022 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Automotive Control Panel market accounted for the healthy market share in 2022. In Europe, the rise of the automobile integrated control panel industry is being driven by the rising adoption of technologically advanced head-up displays. Further, the German Automotive Control Panel market held the largest market share, and the U.K Automotive Control Panel market was the fastest growing market in the European region.
The Asia Pacific Automotive Control Panel market is expected to register significant growth from 2024 to 2032. The market for automotive control panels is expected to grow over the forecast period as a result of the increase in the production of automobiles as well as the rising need for accessibility and ease of use. Moreover, China’s Automotive Control Panel market held the largest market share, and the Indian Automotive Control Panel market was the fastest growing market in the Asia-Pacific region.
Automotive Control Panel Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Automotive Control Panel market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive Control Panel industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Automotive Control Panel industry to benefit clients and increase the market sector. In recent years, the Automotive Control Panel industry has offered some of the most significant advantages to medicine. Major players in the Automotive Control Panel market, including Magna International Inc., Faurecia S.A., Hyundai Mobis Co., Ltd., Toyota Boshoku Corporation, Calsonic Kansei Corporation, Lear Corporation, Continental AG, Johnson Controls, Inc., Delphi Automotive PLC., Valeo SA, TATA Motors, Renault, Ford Motor Company, Navistar Inc, and Groupe PSA, are attempting to increase market demand by investing in research and development operations.
Automobile manufacturer Polestar Performance AB (Polestar Performance) concentrates on the retail selling of both new and used cars. The corporation has its headquarters in Sweden's Gothenburg. Polestar debuted Polestar 3, its third all-electric SUV model, to the world market in October 2022. This vehicle has a cutting-edge climate control technology to keep passengers comfortable on extended trips.
The automotive industry is served by Bayerische Motoren Werke AG (BMW). It creates, produces, and markets bikes, cars, replacement parts, and other vehicles as well as engines. Additionally, the business provides services for insurance, fleet management, retail customer and dealer financing, deposit business, and automobile leasing. It sells goods under the labels Motorrad, BMW, MINI, Rolls-Royce, Alphabet, John Cooper Works, and YOUR NOW. Customers from Europe, the Americas, Asia, and other continents are catered to by the business. It has factories for production and assembly as well as a global sales network. The headquarters of BMW are located in Munich, Bavaria. BMW introduced the iNext electric crossover with curved display in May 2019. It combines the control display and information sections into a single unit that is curved in the direction of the driver.
Key Companies in the Automotive Control Panel market include
- Magna International Inc.
- Faurecia S.A.
- Hyundai Mobis Co., Ltd.
- Toyota Boshoku Corporation
- Calsonic Kansei Corporation
- Lear Corporation
- Continental AG
- Johnson Controls, Inc.
- Delphi Automotive PLC.
- Valeo SA
- TATA Motors
- Renault
- Ford Motor Company
- Navistar Inc
- Groupe PSA
Automotive Control Panel Industry Developments
November 2018: With the recently announced sale of its Power Solutions division, Johnson Controls International, one of the biggest suppliers to the automobile sector, has fully transitioned into a non-automotive firm.
April 2016: Magna International Inc. has approved a purchase agreement to acquire Telemotive AG, a provider of designing services for the automotive electronics sector.
Automotive Control Panel Market Segmentation:
Automotive Control Panel Vehicle Type Outlook
- Passenger Cars
- HCVs
- LCVs
Automotive Control Panel Component Outlook
- Rotary Switch
- Touchpad
- Roof Components Control
- Electric Window
- Locking Function
- Smart Roof
- Side Mirror
- Door Panel Light
- Roof Light
- Driver Monitoring Camera
Automotive Control Panel Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
