DUBLIN--(BUSINESS WIRE)--The "Automotive Interiors Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The automotive interiors market is anticipated to register a CAGR of about 4.83% during the forecast period (2020 - 2025).
- Adient PLC
- Grupo Antolin
- Panasonic Corp.
- Magna International
- Toyota Boshuku Corporation
- Hyundai Mobis Co.
- Pioneer Corporation
- JVCKENWOOD Corporation
- Robert Bosch GmbH
Key Market Trends
Infotainment System Dominates the Automotive Interiors Market
The infotainment system is the largest segment in the automotive interiors market. Earlier, cars were offered with only one infotainment screen but as the technology is advancing the number as well as the dimension of the infotainment screens are also increasing. As such, the infotainment screens have become the main focal points for every automaker and these screens are packed with the latest technology capabilities, as the 2021 Mercedes S-Class will be coming with five touch screens along with the central unit of 12.8-inch OLED screen. Honda revealed the new Honda E which has pillar to pilar screens. This includes two 6 inch screens with an 8.8 TFT screen and two 12.3 inch LCD screens.
Automakers are constantly upgrading their infotainment systems to provide the best features and technologies to their customers. Some of the recent launches and models are:
In July 2020, Volkswagen announced the upgrades in its 2021 lineup of vehicles, one of the main change is MIB3 infotainment system. The new MIB3 infotainment system offers wireless App-Connect, with multi-phone pairing, and enhanced voice recognition. The MIB3 infotainment system features a redesigned navigation system, with enhanced map designs, intuitive route options, quick access to frequently visited locations, and advanced route management. MIB3 also have SiriusXM's newest and most advanced audio entertainment platform-SiriusXM with 360L.
In August 2020, Skoda launched new generation infotainment system in Karoq, Kodiaq and Superb. The new systems is equipped with built-in SIM card that ensures a permanent internet connection, which also enables various online features such as Internet radio and wireless SmartLink technology.
Asia-Pacific is Leading the Automotive Interiors Market
The automotive interiors market is led by the Asia-Pacific region, followed by Europe and North America.
In Asia-Pacific, government initiatives, such as subsidies and tax concessions, across various countries are attracting the automotive OEMs to build their manufacturing plants in the region. China is one of the largest consumer of vehicles. The demand for premium interiors, comfort, and new and innovative features, like head-up displays and navigation system, along with the growing focus toward sufficing the safety standards, is driving the market in the region.
In China local players are collaborating to produce the best interior products. For instance, BAIC Yinxiang Automobile Co. Ltd collaborated with ADAYO (a subsidiary of Foryou Corporation). ADAYO specializes in the design and development of vehicle infotainment systems, Baidu, GPS, and GLONASS (single-or dual-mode) navigation systems, and driver assistance systems.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Vehicle Type
5.1.1 Passenger Cars
5.1.2 Commercial Vehicles
5.2 By Component Type
5.2.1 Instrument Panels
5.2.2 Infotainment Systems
5.2.3 Interior Lighting
5.2.4 Body Panels
5.2.5 Other Component Types
5.3.1 North America
5.3.3 Asia Pacific
5.3.4 South America
5.3.5 Middle East
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/6j8k5z
Laura Wood, Senior Press Manager
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