Automotive Interior Market worth $153.8 billion by 2025 - PowerPoint PPT Presentation

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Automotive Interior Market worth $153.8 billion by 2025


Automotive Interior Market by Component (Seat, Interior Lighting), Material (Glass Composite, Carbon Composite, Metal, Vinyl, Fabric), Autonomous – PowerPoint PPT presentation

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Title: Automotive Interior Market worth $153.8 billion by 2025

MarketsandMarkets Presents

Automotive Interior Market worth 153.8 billion
by 2025

The report "Automotive Interior Market by
Component (Seat, Interior Lighting), Material
(Glass Composite, Carbon Composite, Metal, Vinyl,
Fabric), Autonomous Driving (Semi-autonomous,
Autonomous), Electric Vehicle, Vehicle Type and
Region", The global automotive interior market is
projected to reach USD 153.8 billion by 2025 from
USD 123.2 billion in 2020, at a CAGR of 4.5
during the forecast period. Technological
advancements in current generation automotive
interior components and the increasing trend of
connected and autonomous vehicles are further
expected to drive the automotive interior market.
Overall, the changing preferences of buyers,
improved standards of living, and focus of OEMs
to provide comfort and convenience are also
expected to drive the growth of the automotive
interior market. Browse 308 market data Tables
and 65 Figures spread through 291 Pages and
in-depth TOC on "Automotive Interior Market The
COVID-19 pandemic has resulted in halted
production and plunging sales and has forced the
key players in the global automotive field to
rethink their strategies. Rescheduling the launch
of models and projects, stabilizing dealer
networks, managing cash carefully, and reviewing
investment portfolios have affected the
production and sales of passenger and commercial
vehicles across the globe, which has resulted in
a dip in the automotive interior market in 2020
as compared to 2019. The development and
implementation of safety features are expected to
slow down as well.
The automotive interior market is dominated by
globally established players such as Continental
AG (Germany), Faurecia SA (France), Grupo Antolin
(Spain), Marelli (Japan), and Magna International
Inc. (Canada), Adient (US), Toyota Boshoku
(Japan), Visteon (US), Dräxlmaier Group
(Germany), Panasonic Corporation (Japan), and
Yanfeng Automotive Interiors (China), among
others. Download PDF Brochure _at_
sp?id10199544 HUD segment, by component, is
estimated to be the fastest-growing automotive
interior market during the forecast period. The
head-up display (HUD) is a device that displays
information about the vehicle and the external
environment in the drivers field of view. It
reduces driver distraction and helps the driver
to concentrate on the road. The HUD has become a
key advanced driver assistance system. The
increasing demand for comfort and safety
functions has encouraged auto manufacturers to
invest in advanced in-vehicle safety functions.
The increasing demand for safety functions is
encouraging vehicle manufacturers to develop
features for mid-segment and economy segment
vehicles too. The HUD market growth can be
attributed to the high luxury vehicle production
capabilities coupled with high demand for luxury
and convenience features.
Passenger car segment, by vehicle type, is
estimated to be the fastest-growing market during
the forecast period. Due to the higher
production of passenger cars than other vehicle
segments, the passenger car segment is projected
to have the largest share of the automotive
interior market during the forecast period.
Passenger vehicles require high-quality interiors
as compared to LCVs and HCVs due to end-user
demand. The amount of money spent on quality,
comfort, and styling of automotive interiors is
much higher in the case of personal use than
commercial use. Also, the increased disposable
income in developing countries is driving the
growth of the automotive interior market for
passenger vehicles. Passenger vehicles are the
most focused segment for automotive interior
manufacturers. The technologies used in this type
of vehicle are frequently changing due to the
high demand from consumers for luxury and
convenience features. Also, government
regulations for emissions and safety for
passenger vehicles are frequently changing. The
manufacturers must reduce the weight of passenger
vehicles and offer comfort and safety at a lower
price. Due to the increasing demand for
autonomous and electric vehicles, the electronic
content is frequently increasing in passenger
vehicle interiors, which, in turn, is driving the
growth of the passenger car interior
market. Request FREE Sample Report _at_
Asia Pacific is estimated to be the
fastest-growing market for automotive interior in
2020 Asia Pacific is projected to be the
fastest-growing market for automotive interiors.
Leading automakers in this region, such as
Toyota, Honda, and Hyundai, are embracing the
advantages of advanced seating systems, lighting,
electronics, and various safety systems, making
them essential features across their car models.
Major countries in this region, such as China,
Japan, India, and South Korea, are anticipated to
witness the rapid adoption of new technologies.
China, due to its high vehicle production
capacity, is expected to significantly contribute
to the market growth in Asia Pacific. Increasing
demand for a safe, efficient, and convenient
driving experience rising disposable income in
emerging economies and stringent safety
regulations across the region are also expected
to contribute to market growth. To speak to our
analyst for a discussion on the above findings,
click Speak to Analyst
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