Automotive Instrument Panel Market | Discover Top Segments, Trends, Drivers and Challenges
Market Forecast and Growth Projections 2021-2025

The automotive instrument panel market is expected to grow by 30.87 mn units, accelerating at a CAGR of almost 6.16% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Automotive Instrument Panel Market: Leading Segments and Growth Analysis

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The report segments the market by Application (Passenger cars and Commercial vehicles) and Geography (APAC, North America, Europe, South America, and MEA). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
• The APAC region emerged as the leading segment in recent years. 55% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Automotive Instrument Panel Market size.

Automotive Instrument Panel Market: Trends, Drivers, Challenges to impact growth

Our report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide clients with all the information they would require for designing a growth strategy for their business.

• A key market driver for the Automotive Instrument Panel Market will be in-car personalization experience.
• Another factor that will boost the market will be the Demand for advanced vehicle features in safety and comfort controls.
• One of the key challenges that market players need to contend with in order to achieve further success is the Rise in car-sharing or pooling services in several countries.

Automotive Instrument Panel Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• 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, and Robert Bosch GmbH are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of over 6.16%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by 30.87 mn units through 2021-2025.
    
3. What is a key factor driving this market?
   In-car personalization experience will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   55% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are 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, and Robert Bosch GmbH
    
7. What are the market segments covered in this report?
   The market is segmented by Application (Passenger cars and Commercial vehicles) and Geography (APAC, North America, Europe, South America, and MEA)

Automotive Instrument Panel Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the automotive instrument panel market and it is expected to grow by 30.87 mn units, accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Automotive Instrument Panel Market: Key Trends to impact market growth

Improvements in technology and product innovations will drive market growth. Automobile instrument panels are currently fitted with extra features, such as ashtrays, larger glove boxes, defrost systems, airbags, and air outlets. This raises the housing necessities for instrument panels in the automotive industry. Many vendors are increasingly investing in the introduction of new products and technologies to stay competitive in the market and creating a high demand for automotive instrument panels from several segments. Product developments and design innovations of instrument panels will contribute to market growth.

Automotive Instrument Panel Market: Top Drivers to Boost Demand

The rising demand for advanced vehicle features in display and infotainment will boost automotive instrument panel market growth. Consumer preferences are rapidly shifting with the technology used in the infotainment systems. Earlier, the industry saw a rising demand for safe and hassle-free navigation and the integration of CD changers, navigation, and phones. Over the years, infotainment market advances moved to the introduction of telematics with smartphone integration and navigation systems. At present, the systems are changing toward embedded and phone-based applications. Such improvements in infotainment systems will drive market growth.

Vendor Analysis: Continental AG, DENSO Corp. and Faurecia SE are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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, and Robert Bosch GmbH are some of the major market participants.

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Automotive Instrument Panel Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automotive instrument panel market growth during the next five years
• Precise estimation of the automotive instrument panel market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive instrument panel market industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive instrument panel market vendors