The automotive control panel market is projected to grow at a CAGR of 8.10% from 2016 to 2021, to reach a market size of USD 110.18 billion by 2021. Key factors driving the growth of this market include rapid urbanization, increasing luxury car sales, and growing demand for interior comfort.
Driver monitoring cameras are primarily used to detect and monitor the behavior of the driver. The system monitors the movements of the steering wheel, along with other signals in the vehicle, and helps to detect and alert the driver about fatigue. It also alerts the driver about locations or opportunities to stop and take a break. Growing safety concerns in developing countries are expected to propel the growth of this market.
The Asia-Pacific automotive control panel market is projected to grow at the highest CAGR during the forecast period, as a result of the high demand for vehicles, especially in emerging economies such as China and India. Several OEMs are investing in the region, prompted by factors such as the expanding middle class and the young demographic. Passenger car production is expected to grow in countries such as China and India, owing to the availability of cheap labor and favorable government policies.
Japan is the second-largest market for automotive control panels in Asia-Pacific. Market growth in Japan is primarily propelled by the increasing demand for light passenger vehicles and heavy-duty vehicles, and the growing demand for electric vehicles.
- Calsonic Kansei Corporation
- Continental AG
- Delphi Automotive PLC.
- Faurecia S.A.
- Hyundai Mobis Co., Ltd.
- Johnson Controls, Inc.
- Lear Corporation
- Magna International Inc.
- Toyota Boshoku Corporation
- Valeo SA
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Control Panel Market, By Component
7 Automotive Control Panel Market, By Vehicle Type
8 Automotive Control Panel Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/7fx283/automotive
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/automotive-control-panel-market-to-grow-810-by-2021---growing-demand-for-interior-comfort---research-and-markets-300300052.html
SOURCE Research and Markets