Global Automotive Control Panel Market: Industry Analysis - Melrose, NY

Global Automotive Control Panel Market was valued US$ 80.12 Bn in 2019 and is expected to reach 150.9 Bn by 2027, at a CAGR of 8.26 % during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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Automotive control panels are electrical and displaying controls, which are used automotive applications.Increasing demand for electrical vehicle across the globe is driving the growth in the global automotive control panel market. The inclusion of the control panel in electrical vehicle, ensures the easy access to the driver for comfort features. Growing demand for the cabin comfort and convenience features are expected to boost the global automotive control panel market growth. Additionally, the strict government regulations for reducing carbon dioxide emissions is also driving the growth in the global automotive control panel market.
Global Automotive Control Panel Market Segment Analysis:

However, usage of plastics materials is automotive control panels is cause of concerns since and the manufacturers have to explore the alternative to plastic to reduce the usage of the same.

By component segment, driver monitoring camera is projected to grow at XX% in forecast period. These cameras detection risky behavior on the part of the driver, which is expected to avoid potentially dangerous situations during driving. The increasing demand for safety features in vehicles are expected to accelerate the demand for the driver monitoring camera market.