Automotive Control Panel Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Automotive Control Panel Market was valued at USD 124.5 billion in 2023 and projections indicate a growth trajectory, with an anticipated 7.8% CAGR from 2024 to 2032. The surge in global vehicle production, especially in emerging markets like Asia-Pacific and Latin America, is a primary driver of this market expansion. As vehicle demand escalates, so does the production of both passenger and commercial vehicles, directly amplifying the need for automotive control panels, which are integral to every vehicle.

For instance, in April 2024, the International Energy Agency (IEA) unveiled its report 'Global EV Outlook 2024'. The report underscored pivotal trends in the electric vehicle (EV) domain. Notably, in 2023, global electric car sales hit 14 million units, marking a 20% uptick from the prior year and constituting 20% of the overall car sales. Such figures underscore the worldwide surge in EV adoption, a trend poised to bolster the market growth.

Furthermore, an intensified emphasis on safety and comfort is propelling the automotive control panel market expansion. Today's vehicles boast cutting-edge safety features like collision avoidance and adaptive cruise control, all reliant on advanced control panels for optimal functionality. These systems demand user-friendly interfaces for ensuring both ease of use and heightened safety for drivers.

The overall industry is divided into technology, component, vehicle, sales channel, and region.

Segmented by vehicle type, the market encompasses passenger vehicles (including hatchbacks, sedans, and SUVs) and commercial ones (like trucks and buses). The passenger vehicles dominated with over 77% share in 2023 and is projected to surpass USD 188.4 billion by 2032. This segment's supremacy in the automotive control panel market is attributed to several factors. Passenger vehicles, notably cars and SUVs, lead in global production and sales, driving the control panel demand. Moreover, consumers are increasingly gravitating towards advanced features like touchscreen interfaces and integrated infotainment systems, which are all managed via sophisticated control panels.

When examining sales channels, the market bifurcates into OEMs (original equipment manufacturers) and the aftermarket. The OEM segment commanded a dominant 86% share in 2023. This prominence underscores the segment's pivotal role in vehicle production. OEMs not only design but also seamlessly integrate control panels during manufacturing. This ensures alignment with the vehicle's overall design and functionality, paving the way for advanced technologies like touchscreens and voice control, which are in rising demand.

Asia Pacific automotive control panel market captured 41% share in 2023, with projections suggesting it could exceed USD 102.3 billion by 2032. The regional supremacy is anchored in its vibrant automotive manufacturing landscape, especially in nations like China, Japan, South Korea, and India. With high vehicle production volumes and a growing appetite for advanced in-car technologies, the market is on an upward trajectory. Moreover, the region's embrace of electric vehicles (EVs) and the demand for digital, smart control panels will further fuel this expansion.

Product Code: 11015

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Component manufacturers
- 3.2.3 Tier 1 suppliers
- 3.2.4 Original equipment manufacturers (OEMs)
- 3.2.5 Aftermarket suppliers
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing vehicle production across the world
  - 3.8.1.2 Rising consumer demand for advanced features in vehicles
  - 3.8.1.3 Advancements in technologies like infotainment systems, driver assistance features
  - 3.8.1.4 Growing shift towards electric vehicles
  - 3.8.1.5 Increasing focus on safety and comfort
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High costs of the development, integration, and manufacturing of advanced control panels
  - 3.8.2.2 Complexity integration process of these systems
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Technology, 2021 - 2032 ($Bn, Units)

5.1 Key trends
5.2 Analog control panel
5.3 Digital control panel
5.4 Voice-activated control panel
5.5 Touchscreen

Chapter 6 Market Estimates and Forecast, By Component, 2021 - 2032 ($Bn)

6.1 Key trends
6.2 Instrument cluster
6.3 Center console
6.4 Steering wheel controls
6.5 Door panels
6.6 Overhead console

Chapter 7 Market Estimates and Forecast, By Vehicle, 2021 - 2032 ($Bn, Units)

7.1 Key trends
7.2 Passenger
- 7.2.1 Hatchbacks
- 7.2.2 Sedans
- 7.2.3 SUVs
7.3 Commercial
- 7.3.1 Trucks
- 7.3.2 Busses

Chapter 8 Market Estimates and Forecast, By Sales Channel, 2021 - 2032 ($Bn, Units)

8.1 Key trends
8.2 OEMs
8.3 Aftermarket

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn, Units)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Alps Alpine Co., Ltd.
10.2 Aptiv PLC
10.3 BCS Automotive Interface Solutions
10.4 Continental AG
10.5 Denso Corporation
10.6 Faurecia S.A.
10.7 GX Group Limited
10.8 Hella KGaA Hueck and Co.
10.9 Hyundai Mobis Co., Ltd.
10.10 Johnson Controls Inc.
10.11 Keihin Corporation
10.12 Lear Corporation
10.13 Magna International Inc.
10.14 Mitsubishi Electric Corporation
10.15 Panasonic Corporation
10.16 Robert Bosch Mobility
10.17 Toyota Boshoku Corporation
10.18 Valeo S.A.
10.19 Visteon Corporation
10.20 ZF Friedrichshafen AG