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Automotive Instrument Panel Market to grow by 30.87 million units through 2025|Impacts of Drivers and Challenges|Technavio


NEW YORK, May 25, 2021 /PRNewswire/ —

The “Automotive Instrument Panel Market by Application and Geography – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering.

The automotive instrument panel market is set to grow by 30.87 million units, progressing at a CAGR of over 6% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Technavio’s in-depth market research reports include value chain analysis and validation techniques employed for market sizing on various markets to help industry leaders improve their business.

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Automotive Instrument Panel Market: Segmentation by Application

Based on the segmentation by application, the market generated maximum revenue in the passenger cars segment in 2020. Due to factors such as higher production and sales volume in the global automotive market, increasing demand for safety and comfort features in passenger cars, and the strong focus of OEMs on product differentiation, there will be an increase in the automotive instrument panel in passenger cars. The growth of the segment will be significant over the forecast period.

Automotive Instrument Panel Market: Segmentation by Geography

55% of the market’s growth will originate from APAC and held the largest market share in 2020 and the market growth in the region is expected to be faster compared to the growth of the market in other regions. The growth of the market in APAC can be attributed to the government incentives, low costs, and raw material advantages which will significantly influence the automotive instrument panel growth over the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the automotive instrument panel market in APAC.

Automotive Instrument Panel Market: Opportunities

Factors such as the Leather-wrapped car interiors across all vehicle segments, the VOC emissions pushing manufacturers to explore new materials and production techniques, and the product developments and innovations in the design of instrument panels are enhancing the growth of the market. Over the years, countries across the world have been making significant investments in the automotive sector. This will create considerable demand for the automotive instrument panel market, thereby opening several growth opportunities for market vendors.

Know more about Techanavio’s analysis on the impact of Disruption Threats comparing Disruptive sources and Factors driving disruption:

Download the Automotive Instrument Panel Market Analysis Report

Key Market Dynamics:

Market Drivers

  • In-car personalization experience
  • Demand for advanced vehicle features in safety and comfort controls
  • Demand for advanced vehicle features in display and infotainment

Market Challenges

  • Rise in car-sharing or pooling services in several countries
  • Low-volume vehicles impacting the margins of instrument panel manufacturers
  • Growing dependency on public transport

Companies Mentioned

  • Continental AG
  • DENSO Corp.
  • Faurecia SE
  • IAV GmbH
  • International Automotive Components Group SA
  • Johnson Controls International Plc
  • Marelli Holdings Co. Ltd.
  • Motherson Sumi Systems Ltd.
  • Nihon Plast Co. Ltd
  • Robert Bosch GmbH

Get more insights about the global trends impacting the future of the automotive instrument panel market,

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Available Customization

Along with the market data, Technavio offers customizations as per the specific needs of the companies. The following customization options are available for the automotive instrument panel market report.

  • Further breakdown of the market segmentation in requested regions.
  • Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.

Key Topics Covered

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by Application
  • Market Segmentation by Geography
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

Report Page: https://www.technavio.com/report/automotive-instrument-panel-market-industry-analysis

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