Technavio’s market research analysts estimate the global automotive instrument panel market to grow at a CAGR of 4% between 2015 and 2019. The growing sales of luxury vehicles is augmenting the demand for automotive instrument panels. APAC dominates the global market for automotive instrument panels, accounting for 52% of the total markets share. China, India, and Japan are the fastest growing contributors of to the global automotive instrument panel market in this region.
The new market research report from Technavio provides a breakdown and analysis of the automotive instrument panel segments by technology.
“Increasing number of new vehicle launches have renewed the demand for new instrument panel designs. Raw materials required for the production of automotive instrument panel production include synthetic polymers such as ABS, polycarbonate alloys, polycarbonates, polypropylene, styrene maleic anhydride, and polyphenylene ether. The market is expected to shift towards the use of low VOC emitting materials, and drive more investments into this market during the forecast period,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research.
Interior designers are directing efforts toward the content and the layout of the automotive instrument panel, as the in-vehicle connectivity has been increasing over the past decade. Simultaneously, the interior designers are ensure that driver distraction by the instrument panel and cockpit is minimized. As new interiors are designed for new launches, the demand for new instrument panel designs is likely to be high during the forecast period.
The key players in the global automotive instrument panel market are Calsonic Kansei, IAC Group and Johnson Controls.Advances in technology and product innovations are changing the global automotive instrument panel market. Requirements for instrument panels are on a rise as modern automobiles get fitted with features such as, ashtrays, larger glove boxes, defrost systems, air bags, and air outlets. To leverage on this opportunity, market vendors are expected invest heavily in new product development to remain competitive in this market.
A more detailed analysis is available in the Technavio report, Global Automotive Instrument Panel Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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