Automotive Overhead Console Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos
Awareness of current driver assistance systems
installed in vehicles has expanded in recent years as a result of safety and
security concerns, which is expected to boost the global Automotive Overhead
Console and adaptive cruise control market for automotive during the forecast
period. The integrated safety systems, on the other hand, are ineffectual in
regions or countries where adverse weather conditions such as fog, rain, or
snow exist. The high cost of the integrated system has an impact on demand in the
medium car class. The entire system is controlled by electronic components, and
when these fail, the system interprets data erroneously, rendering it useless.
During the forecast period, these modest constraints are expected to limit the
market for Automotive Overhead Consoles and adaptive cruise control in
automobiles.
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Due to the increasing customer desire to be
connected 24 hours a day, seven days a week, even when traveling, the car
telematics industry is expected to increase significantly. To fulfill the
growing need for fleet safety and security in the transportation of commodities
via commercial vehicles, automakers are implementing overhead consoles to
improve geofencing, real-time monitoring, and diagnostic functions. Telematics
in the global automotive sector, according to telematics service providers, is
expected to grow rapidly, particularly in developing economies. As a result,
the growing demand for improved safety and security is expected to drive up the
adoption of overhead consoles with vehicle telematics features. Due to its low
cost, electromechanical technology is likely to drive the global automobile
overhead console market over the forecast period. Capacitive display prices
that have been reduced are also likely to support market growth. There is a
growing demand for passenger automobiles with advanced driver assistance
systems (ADAS) all over the world. In the approaching years, this factor will
contribute to the growth of the vehicle overhead console industry. Major
automakers are investing in and extending their production capabilities in
order to deploy novel components for electric vehicles. In the next years,
technological developments in the development of energy-efficient electric
vehicles will boost the worldwide automobile overhead console market.
According to UnivDatos Market Insights (UMI)’ research
report “Automotive
Overhead Console Market”, the market is expected to witness a CAGR
growth of around ~6% during the forecast period 2021-2027F. Global Automotive
Overhead Console Market is experiencing significant growth due to the rise
in demand for connected, autonomous, and semi-autonomous vehicles along with an
increase in the demand for premium cars with advanced features.
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Based on function type, the market is segmented into Front Overhead Console
and Rear Overhead Console. The Front Overhead Console segment generated revenue
of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the
forecasted period.
Based on application, the market is segmented into Vehicle Telematics,
Infotainment System & HMI, and Others. The Vehicle Telematics segment
generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR
XX% during the forecasted period. Automobile fleet management businesses are
largely responsible for integrating vehicle telematics systems in order to
correctly track a vehicle's activity and position. In recent years, car
connectivity has become a requirement, and automakers are adding connectivity
technologies to their vehicles to improve features and sales
Based on vehicle type, the market is segmented into Passenger Cars and
Commercial Vehicle. The Passenger Cars segment generated revenue of USD XX
billion in 2020 and is expected to grow at a CAGR XX% during the forecasted
period. In 2020, the passenger car sector accounted for the majority of the
market. The increasing demand for passenger vehicles internationally, primarily
for local and intercity transportation, is largely responsible for the
segment's strong market share
Based on the distribution channel, the market is segmented into OEMs and Aftermarket.
The aftermarket segment generated revenue of USD XX billion in 2020 and is
expected to grow at a CAGR XX% during the forecasted period. Because of the
faster rate of adoption and shorter life of electronic components such as
sensors and wirings, the aftermarket sales channel sector has a larger share of
the Automotive Overhead Console market than the other categories. Due to safety
concerns, especially in passenger vehicles, the aftermarket segment is expected
to develop at a significant rate during the projection period. Component
failure is a primary driver that propels the aftermarket market
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Asia-Pacific
to Grab Lion’s Share
During the
projection period, the Asia-Pacific is expected to grow at a higher CAGR. Asia
Pacific is estimated to account for a significant portion of the worldwide car
overhead console market. The rise of the automotive sector, increased R&D
activities in vehicle manufacturing, and quickly rising economies like India,
China, Japan, Taiwan, and South Korea are all driving the Asia Pacific
automotive overhead console market. China's advancements in the automobile
industry contribute to worldwide market expansion. The market in the region is
being boosted by a surge in connected vehicle manufacturing and sales in China,
Japan, and South Korea.
According
to UnivDatos Market Insights (UMI)’, the key players with a considerable market
share in the Global Automotive Overhead Console Market include
Hella GmbH & Co. KGaA,
Flex Ltd., Gentex Corporation, Continental AG, Johnson Controls, Magna
International Inc., LS Automotive India Pvt Ltd., Daimay Automotive Interior
Co., Ltd, Yanfeng Automotive Interiors and Diamond Coatings Inc.
·
In Nov. 2020, the internationally
positioned automotive supplier HELLA is further expanding its electronics plant
in Lithuania. The plant in the Kaunas Free Economic Zone started production of
various electronic components in August 2018. At present, sensors and actuators,
as well as lighting electronic components, are manufactured at the site and
more than 180 employees are employed
“Global Automotive
Overhead Console Market”
provides
comprehensive qualitative and quantitative insights on the industry potential,
key factors impacting sales and purchase decisions, hotspots, and opportunities
available for the market players. Moreover, the report also encompasses the key
strategic imperatives for success for competitors along with strategic
factorial indexing measuring competitors’ capabilities on different parameters.
This will help companies in the formulation of go-to-market strategies and
identifying the blue ocean for its offerings.
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Informative Information, Please Visit Us – https://univdatos.com/report/automotive-overhead-console-market/
Market Segmentation:
1.
By Function Type (Front Overhead Console and Rear Overhead Console)
2.
By Application (Vehicle Telematics, Infotainment System & HMI
and Others)
3.
By Vehicle Type (Passenger Cars and
Commercial Vehicle)
4.
By Distribution Channel (OEM and Aftermarket)
5.
By Region (North
America (United States, Canada, Rest of North America), Europe (Germany, France,
UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest
of APAC), and Rest of World)
6.
By Company (Hella GmbH &
Co. KGaA, Flex Ltd., Gentex Corporation, Continental AG, Johnson Controls,
Magna International Inc., LS Automotive India Pvt Ltd., Daimay Automotive
Interior Co., Ltd, Yanfeng Automotive Interiors and Diamond Coatings Inc.)
Key
questions answered in the study:
1.
What are the current and future trends
of the Global Automotive Overhead Console industry?
2.
How the industry has been evolving in
terms of end-user demand and product category?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the Global Automotive Overhead Console industry?
5. What
is the customer orientation, purchase behavior, and expectations from the Global
Automotive Overhead Console suppliers across various countries?
Table
of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 AUTOMOTIVE OVERHEAD CONSOLE MARKET
COVID-19 IMPACT
6 AUTOMOTIVE OVERHEAD CONSOLE MARKET
REVENUE, 2019-2027F
7 MARKET INSIGHTS BY FUNCTION TYPE
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY VEHICLE TYPE
10 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
11 MARKET INSIGHTS BY REGION
12 AUTOMOTIVE OVERHEAD CONSOLE MARKET
DYNAMICS
13 AUTOMOTIVE OVERHEAD CONSOLE MARKET
OPPORTUNITIES
14 AUTOMOTIVE OVERHEAD CONSOLE MARKET
TRENDS
15 LEGAL & REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER
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