Overhead Console Market Analysis

Overhead Console Market Overview:

The Overhead console market industry is projected to grow from USD 10.8 Billion in 2023 to USD 17.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.50% during the forecast period (2023 - 2032). Overhead Console Market Size was valued at USD 10.2 Billion in 2022. Rising environment-related issues and safety restrictions is the key market drivers enhancing the market growth.

 Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Overhead Console Market Trends

ADAS (advanced driver assistance systems) integration is driving the market growth

The market for overhead consoles is expanding and innovating mostly due to the incorporation of Advanced Driver Assistance Systems (ADAS). The advancement of technology with ADAS will improve driving comfort, safety, and overall experience. Their integration with overhead consoles is playing a crucial role in altering the design, usability, and appeal of these car interior components as these systems become increasingly common in contemporary vehicles.

Adaptive cruise control, lane departure warning, automatic emergency braking, parking assistance, and other technologies are included in the broad category of ADAS. These systems use a variety of sensors, cameras, radar, LiDAR, and other cutting-edge technology to collect data about the environment around the car in real-time and support the driver in making judgments.

Overhead consoles' space efficiency and accessibility make them the perfect place to store ADAS components. A clear view of the road can be provided by installing sensors and cameras in the overhead console area, enhancing the performance of systems like lane departure warning and adaptive cruise control. Additionally, by placing the equipment in this location, the cabin will be less cluttered and maintenance or calibration needs will be met with ease.

Driver contact with ADAS controls is made easy and comfortable by overhead consoles. Controls being within the driver's reach encourages safer and more user-friendly usage of these systems, minimizing distraction and improving total driver involvement. Thus, driving the Overhead console market revenue.

Overhead Console Market Segment Insights:

Overhead console Type Insights

The Overhead Console Market segmentation, based on type, includes front overhead console and rear overhead console. The front overhead console segment dominated the market in 2022. Customers want seamless smartphone and other device integration into the driving experience as new vehicles become more linked. The Front Overhead Console offers an intuitive and convenient place for housing infotainment system controls and displays. Through this connection, drivers and passengers can engage without being diverted with things like music, navigation, and phone calls.

Overhead console Material Insights

The Overhead Console Market segmentation, based on material, includes ABS, polypropylene, SMA plastic and others. The ABS segment dominated the market in 2022. The automotive industry places a premium on materials that are both lightweight and durable. ABS offers an excellent combination of these qualities. Its lightweight nature helps reduce the overall weight of the vehicle, contributing to improved fuel efficiency. Simultaneously, ABS's durability ensures that overhead consoles can withstand the rigors of daily use, including potential impacts from items stored within the console and exposure to environmental factors.

Overhead console Application Insights

The Overhead Console Market segmentation, based on application, includes vehicle telematics, infotainment system & HMI and others. The vehicle telematics segment dominated the market in 2022. Consumers of today are accustomed to connectedness in many facets of their lives, including automobiles. Overhead consoles, which include touch-screen displays and controls that let drivers and passengers access a variety of services, are evolving into major hubs for in-car connection. Advanced telematics applications are being added as a result of the demand for seamless connectivity, whether it be for music streaming, using navigation apps, or making hands-free calls.

Overhead console Vehicle Type Insights

The Overhead Console Market segmentation, based on vehicle type, includes passenger cars and commercial vehicles. The passenger cars category generated the most income in 2022. Modern passenger cars are technological powerhouses, and overhead consoles play a crucial role in organizing and managing these features. The overhead panel provides a consolidated and user-friendly interface for controlling infotainment systems, climate control, ambient lighting, and even the panoramic sunroof. The ease with which occupants can engage with various car systems thanks to this integration improves the user experience.

Figure 1: Overhead Console Market by Vehicle Type, 2024 & 2032 (USD Billion)

 Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Overhead console Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Overhead Console Market dominated this market in 2022 (45.80%). The predilection of consumers for SUVs and crossovers. These vehicles are common in North America, and they frequently have more substantial overhead consoles with additional features. The desire for sophisticated overhead console amenities like additional storage spaces and entertainment system controls is on the rise as buyers seek out larger, family-friendly automobiles. Further, the U.S. Overhead console market held the largest market share, and the Canada Overhead console market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Overhead Console Market Share By Region 2024 (USD Billion)

 Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Overhead console market accounts for the second-largest market share. Luxury cars play a big role in Europe, where there are many leading luxury car manufacturers. When making their above consoles, these makers prioritize on premium materials, cutting-edge technical integration, and attractive designs. Consequently, a significant driving force behind high-end overhead console features is Europe's luxury auto industry. Further, the German Overhead console market held the largest market share, and the UK Overhead console market was the fastest growing market in the European region.

The Asia-Pacific Overhead Console Market is expected to grow at the fastest CAGR from 2023 to 2032. Smaller, more economical, and more fuel-efficient vehicles are desired in several Asian countries. The overhead consoles in these cars are designed to be as functional as possible while still fitting into the space available, encouraging ingenuity in space-saving techniques. Moreover, China’s Overhead console market held the largest market share, and the Indian Overhead console market was the fastest growing market in the Asia-Pacific region.

Overhead console 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 Overhead console 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, Overhead console 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 Overhead console industry to benefit clients and increase the market sector. In recent years, the Overhead console industry has offered some of the most significant advantages to medicine. Major players in the Overhead console market, including Magna International Inc., Grupo Antolin, Kojima Industries Corporation, Yanfeng Automotive Interiors., Diamond Coatings Inc., JPC Automotive, Hella GmbH & Co. KGAA, Daimay Automotive Interior Co., Ltd., Gentex Corporation, Flex Ltd. and others, are attempting to increase market demand by investing in research and development operations.

Magna International Inc. (Magna), a company in the mobility technology sector, offers modular solutions for system and part assembly as well as whole car assembly. The company's customers are businesses that produce original equipment for vehicles and light trucks. It works on a variety of projects, including automotive systems, seating systems, closure systems, body and chassis systems, vision systems, electronic systems, exterior systems, powertrain systems, roof systems, hybrid and electric vehicles/systems, total vehicle engineering, and contract production. Asia, Europe, North America, and South America are where the corporation has production, product development, engineering, and sales facilities from which it conducts business. The headquarters of Magna are located in Aurora, Ontario, Canada.

Car interiors are made by Grupo Antolin-Irausa, S.A. (GAI). It manufactures and sells the interiors for vehicles. The company also manages the concept, design, development, validation, manufacturing process, assembly, and sequential delivery of the product. The product line of GAI includes overheads, doors, seating, lighting, trim, insulation, metal parts, and diversification. Among the businesses that utilize GAI's services are Acura, Alfa Romeo, Audi, Bajaj, BMW, Buick, Jaguar, Lancia Land Rover, Mercedes-Benz, Maruti Maserati, Rolls Royce, Samsung, Skoda, Suzuki, Tata, Toyota, Volkswagen, and Volvo. It operates in Africa, the Asia-Pacific region, North America, South America, and Europe. GAI's headquarters are in Burgos, Spain.

Key Companies in the Overhead console market include

• Magna International Inc.


• Grupo Antolin


• Kojima Industries Corporation


• Yanfeng Automotive Interiors.


• Diamond Coatings Inc.


• JPC Automotive


• Hella GmbH & Co. KGAA


• Daimay Automotive Interior Co., Ltd.


• Gentex Corporation


• Flex Ltd.

Overhead console Industry Developments

In 2020: At CES 2020, Gentex Corporation will showcase new features and technological ideas that significantly broaden the product lines for its digital vision, automobile connectivity & sensing, and dimmable glass technologies. The automobile, aerospace, and fire protection industries can get electro-optical devices from Gentex Corporation. They would also demonstrate their brand-new in-vehicle smoke detector for ride-hailing services and autonomous vehicles.

In 2020: In Lithuania, Hella GmbH & Co. KGAA established an electronics facility. In August 2018, the factory in the Kaunas Free Economic Zone began producing a range of electrical components. More than 180 workers are employed at the facility, which currently manufactures sensors, actuators, and lighting electronic components.

Overhead Console Market Segmentation

Overhead Console Type Outlook

• Front Overhead Console


• Rear Overhead Console

Overhead Console Material Outlook

• ABS


• Polypropylene


• SMA Plastic


• Others

Overhead Console Application Outlook

• Vehicle Telematics


• Infotainment System & HMI


• Others

Overhead Console Vehicle Type Outlook

• Passenger Cars


• Commercial Vehicles

Overhead Console Regional Outlook

• 
  
  Middle East
  
  


• 
  
  Africa
  
  


• 
  
  Latin America