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Automotive Control Panel - Global Strategic Business Report

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    Report

  • 492 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804426

Global Automotive Control Panel Market to Reach $139.2 Billion by 2030

The global market for Automotive Control Panel estimated at US$80.1 Billion in the year 2022, is projected to reach a revised size of US$139.2 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2022-2030. Electric Window, one of the segments analyzed in the report, is projected to record 7.1% CAGR and reach US$38.4 Billion by the end of the analysis period. Growth in the Rotary Switch segment is estimated at 5.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $15.9 Billion, While China is Forecast to Grow at 10.2% CAGR

The Automotive Control Panel market in the U.S. is estimated at US$15.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$32.6 Billion by the year 2030 trailing a CAGR of 10.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 5.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

Select Competitors (Total 81 Featured)

  • Daimler AG
  • Continental AG
  • Alps Alpine Co., Ltd.
  • Amphenol Corporation
  • Bayerische Motoren Werke AG (BMW GROUP)
  • Bourns, Inc.
  • AB Volvo
  • Bosch Group
  • Carling Technologies, Inc.
  • ACTIA Group
  • Bosch Mobility Solutions
  • Aptiv PLC
  • Apem, Inc.
  • C&K Components, LLC
  • CIT Relay & Switch

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Automotive Control Panel Market

What is the estimated value of the Automotive Control Panel Market?

The Automotive Control Panel Market was estimated to be valued at $80.1 Billion in 2022.

What is the growth rate of the Automotive Control Panel Market?

The growth rate of the Automotive Control Panel Market is 7.2%, with an estimated value of $139.2 Billion by 2030.

What is the forecasted size of the Automotive Control Panel Market?

The Automotive Control Panel Market is estimated to be worth $139.2 Billion by 2030.

Who are the key companies in the Automotive Control Panel Market?

Key companies in the Automotive Control Panel Market include Daimler AG, Continental AG, Alps Alpine Co., Ltd., Amphenol Corporation, Bayerische Motoren Werke AG (BMW GROUP), Bourns, Inc., AB Volvo, Bosch Group, Carling Technologies, Inc. and ACTIA Group.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Rapidly Evolving Electronic and Electrified Future of Mobility Pushes up Importance of HMI, Setting the Foundation for the Growth of Automotive Control Panels
  • Growing Vehicle Electrification Expands the Opportunity for Developing More Innovative Control Panel Designs: Global Market for Vehicle Electrification (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Growing in Parallel to the Importance of Electronics in Cars is the Significance of Dynamic and Innovative Control Panels & Components: Automotive Electronics as a Percentage of Vehicle Production Cost for the Years 2010, 2020 & 2030
  • On the Pandemic & Economic Front, Here’s What’s Happening. Prognosis Every Business Needs to Know
  • After Omicron, Comes Stealth Omicron & Deltacron Fueling Fresh Waves of Infections Across the Globe
  • With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking Amid Waning Vaccine Immunity. But How Practical Is It to Implement Them?
  • With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of March 2022
  • At the Dawn of 2022 After Numerous New Strains & Millions of Deaths, Challenges in Vaccine Production, Supply, Access & Technology Sharing Continue to Remain
  • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Split Scenarios Unfold: The Great Vaccine Divide Emerges
  • With Low Vaccination Rates in Africa Emerging Into a Global Security Issue, Vaccine Imbalances Will Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of March 2022
  • The Great Vaccine Controversy & Growing Anti-Vaccination Movement Aggravates the Divide Between the Vaccinated & the Unvaccinated
  • Top Reasons for Unwillingness & Uncertainty Towards COVID-19 Vaccines Among the By-Choice Unvaccinated People: % Share of Various Reasons as of the Year 2022
  • The Verdict’s Out - The Pandemic Cannot Be Ended But Can be Maneuvered to Become Endemic and More Manageable
  • Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
  • Dragging Pandemic, New Virus Strains, Fresh Societal Risks, War & Renewed Economic Disruptions Bring Weaker Growth in 2022 as Compared to 2021
  • Fresh Shocks for the Global Economy in 2022 as New Bursts of Food & Energy Inflation Comes into Play Triggered by the Russia-Ukraine War
  • A World Divided Over the War in Russia & Ukraine Fuels Oil Production Stand-Off, Aggravating Global Price Rise & Making Putin More Bolder & Willing to Invade its Neighbors: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
  • Uncertain, Uneven & Bumpy Recovery Shaped by New Variants Coupled With Inflation Triggered by the Russia-Ukraine War Lowers Growth Expectations for 2022: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
  • Supply Chains Tightens Once Gain, Bracing for the Widening Economic Storm Being Brewed by the Russia-Ukraine War
  • The Military & Defense Industry Emerges as the Sole Beneficiary of the War
  • Competition
  • Automotive Control Panel - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Automotive Control Panel: Definition & Importance
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • With Market Fortunes Linked to the Automotive Industry, It Pays to Understand Where the Automotive Industry is Heading in 2022 & Beyond
  • Recap of COVID-19 Impact on the Automotive Industry in 2020
  • Several Downsides Marr Outlook for 2022
  • Semiconductor Chip Shortages & Its Induced Production Woes Add to Market Nervousness
  • As Automobile Production Recovery Slips On the Original Forecasts, Hit By Chip Shortage Woes, Uncertainty Rips Through the Supply Chain: Global Light Vehicle Production (In Million Units) for Years 2019 Through 2025
  • Russia-Ukraine War Has the Automotive Industry on Edge
  • Smart Cars Loaded With Comfort & Convenience Features Expand the Addressable Market Opportunity for Control Panels
  • Feature Rich Smart Cars Spur the Need for Easy-to-Use & Safe Control Panels & Special Function Switches: Global Connected Vehicles (In Million) by Region for the Years 2020, 2025 & 2030
  • Digital Dashboards/Control Panels Become Mainstay of Modern Cars
  • Digital Gauges Rise in Popularity Over Analog Gauges
  • OEMs Shift Focus on Car Dashboard/Control Panel Layout Design. Here’s Why
  • Despite their Attractiveness & High Levels of Acceptance Among Consumers, Digital Dashboards Come Under the Scanner for Safety Issues
  • In-Car Voice Control & Speech Recognition Storms Into the Spotlight Supported by Safety Issues of Conventional Visual Based Controls
  • The Era of Hands-Free Control is Near at Hand: Global Sales of Passenger Cars With Digital Voice Assistance (In Million) Units for Years 2022, 2024, 2026 and 2028
  • Automatic Climate Controls Push Past Manual Controls to Spiral Into the Spotlight
  • Luxury Car Makers Leverage Advanced Control Panel Technologies as Brand Differentiation Strategy
  • Growing Demand for Automatic Transmission Drives the Popularity of Push-Button Shifting as a Clean & Futuristic Control Design
  • Increased Integration of Motorized Features on Small Mid-Segment & Economy Segment Cars Expands the Addressable Market Opportunity for Innovative Control Panels
  • Higher Per Capita Electronic Load of EVs & Hybrids to Amplify Growth in the Market
  • Automotive Control Panel Components Find ‘Vantage’ Ground in the Growing Market for Electric Vehicles (EVs): Global EV Sales (In Million Units) by Region for the Years 2019, 2025 & 2030
  • Rise in Motorized Controls Builds Demand for Control Panels Operated by Switches & Touchpad
  • Robust Demand for Infotainment Systems Coupled With Safety Issues Drive Demand for Control Consoles with Digital Screens Supplemented With Physical Keypad
  • Safety Issues Associated With Touchscreen Infotainment Systems Drives Demand for Keypad Infotainment Consoles: Global Automotive Infotainment Market Opportunity (in US$ Million) by Geographic Region for the Years 2021, 2023, 2025 and 2027
  • Flattening Touch Panel Shipments Stands Testimony to the Growing Competition from Other Safer Control Technologies: Leveling Global Shipments of Automotive Touch Panels (In Thousand Units) for the Years 2020 Through 2021
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Automotive Control Panel Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Automotive Control Panel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Automotive Control Panel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Automotive Control Panel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Electric Window by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Electric Window by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Electric Window by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Rotary Switch by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Rotary Switch by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Rotary Switch by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Roof Light by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Roof Light by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Roof Light by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Touchpad by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Touchpad by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for Touchpad by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Locking Function by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Locking Function by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Locking Function by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Other Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Other Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Other Components by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 28: World 16-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Automotive Control Panel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • Automotive Control Panel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Daimler AG
  • Continental AG
  • Alps Alpine Co., Ltd.
  • Amphenol Corporation
  • Bayerische Motoren Werke AG (BMW GROUP)
  • Bourns, Inc.
  • AB Volvo
  • Bosch Group
  • Carling Technologies, Inc.
  • ACTIA Group
  • Bosch Mobility Solutions
  • Aptiv PLC
  • Apem, Inc.
  • C&K Components, LLC
  • CIT Relay & Switch