Dublin, Nov. 12, 2020 (GLOBE NEWSWIRE) -- The "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 - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global automotive interior market is estimated to grow at a CAGR of 4.5% during the forecast period, from USD 123.2 billion in 2020 to USD 153.8 billion by 2025.
The automotive industry is continuously evolving, with an increasing focus on semi-autonomous and autonomous vehicle technologies. Several vehicle manufacturers have showcased their new concept cars with autonomous and connected car technologies. These cars, with their advanced technologies and radical designs, are expected to hit the market soon. The interiors in these cars need to provide comfort and convenience and should have the latest technology incorporated. The increasing demand for advanced automotive interior solutions and systems can be attributed to advances in semi-autonomous and autonomous technologies.
BEV segment is projected to be the fastest growing electric vehicle during the forecast period.
The demand for BEVs is expected to increase in the coming years due to an increase in the adoption of strict emission norms by governments of various countries. Several governments now provide subsidies for the use of environment-friendly vehicles, thereby encouraging the use of electric vehicles. Stringent emission regulations in the US, particularly in states such as California and New York, have led to increased sales of electric vehicles. Electric vehicles tend to have a higher number of electronics/advanced systems.
Thus, the growing number of electric vehicles will result in an increased demand for advanced automotive interior systems. In Europe, the market for BEVs is estimated to grow due to emission regulation mandates and development of electric vehicle infrastructure. OEMs are also expanding their manufacturing facilities worldwide to increase the production of electric vehicles. For instance, in August 2017, Tesla announced its plan to raise USD 1.5 billion to fund the development of its cheapest electric car, which proves the aggressiveness of manufacturers in the market.
The passenger car segment is estimated to be the largest automotive interior market, by vehicle
The passenger car segment is projected to have the largest share of the automotive interior market during the forecast period. The increasing purchasing power of consumers, growing sales of semi-luxury & luxury vehicles, and high demand for convenience features are expected to boost the passenger car segment. The advent of semi-autonomous and autonomous vehicles is also attributed to the overall growth of the market. 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 luxurious and convenience features. Also, government regulations for emissions and safety are frequently changing. The manufacturers must reduce the weight of passenger vehicles and offer comfort and safety to the consumers 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 vehicle interior market.
Europe automotive interior market is projected to grow at a significant rate during the forecast period.
The major growth drivers for the European automotive interior market include the growing demand for technology, the rising need for a safe and secure driving experience, and an increase in the development of connected cars.
Significant demand for high-end premium vehicles with advanced interior features and technologies such as HUD, powered & heated seats with massage function, center stack, rear-seat entertainment, and interior/ambient lighting are fuelling the growth in the region. Also, the region has the presence of renowned automotive interior component providers, such as Continental, Grupo Antolin, Faurecia, and Robert Bosch GmbH are the major players in this region. The presence of major automobile manufacturers, combined with technological prowess, would result in a significant rise in the demand for advanced interior systems and components in Europe.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Automotive Interior Market to Grow at Significant Rate During Forecast Period (2020-2025)
4.2 Asia-Pacific Estimated to Lead Automotive Interior Market in 2020
4.3 Automotive Interior Market, by Component
4.4 Automotive Interior Market, by Material
4.5 Automotive Interior Market, by Autonomous Driving
4.6 Automotive Interior Market, by Electric Vehicle
4.7 Automotive Interior Market, by Ice Vehicle Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Customer Preference Toward Convenience, Premium Features, and Advanced Safety
5.2.1.2 Substantial Production and Sales Volumes of Vehicles Across the World
5.2.1.3 Use of Variety of Lightweight & Advanced Materials and Innovative Finish
5.2.1.4 Integration of Smartphone Connectivity
5.2.2 Restraints
5.2.2.1 High Cost Involved; and Volatility in Raw Material Costs
5.2.2.2 Significant Power Consumption in Automotive Interior Electronics
5.2.3 Opportunities
5.2.3.1 Much Anticipated Growth of Electric Vehicles
5.2.3.2 Rising Trend of Semi-Autonomous & Autonomous Vehicles
5.2.3.3 Growing Trend of Interior Customization in Premium Vehicles and Interior Styling
5.2.3.4 Advanced Lightweight Mechanism for Automotive Seats
5.2.4 Challenges
5.2.4.1 Long Production Cycle Time
5.2.5 Impact of Market Dynamics
5.3 Porter's Five Forces
5.4 Pricing Analysis
5.5 Supply Chain Analysis
5.6 Ecosystem
5.7 Technology Analysis
5.7.1 Introduction
5.7.2 Polycarbonate Material Usage
5.7.3 Door Panels
5.7.4 Power Drive Seating Unit
5.7.5 Smart Glass
5.8 Patent Analysis
5.9 Case Study
5.10 Trade Data (Vehicle Export and Import Data of Key Markets)
5.10.1 Europe (Germany and Sweden)
5.10.2 Japan
5.10.3 China
5.10.4 US
5.11 Regulatory Overview
6 COVID-19 Impact
6.1 Introduction to COVID-19
6.2 COVID-19 Health Assessment
6.3 COVID-19 Economic Assessment
6.3.1 COVID-19 Economic Impact - Scenario Assessment
6.3.2 Impact on Automotive Interior Market
6.4 Automotive Interior Market, Scenarios (2020-2025)
6.4.1 Most Likely Scenario
6.4.2 Optimistic Scenario
6.4.3 Pessimistic Scenario
7 Automotive Interior Market, by Component
7.1 Introduction
7.2 Operational Data
7.2.1 Assumptions
7.2.2 Research Methodology
7.3 Center Stack
7.4 Head-Up Display
7.5 Instrument Cluster
7.6 Rear Seat Entertainment
7.7 Dome Module
7.8 Headliner
7.9 Seat
7.9.1 Automotive Seat Technologies
7.9.1.1 Standard Seat
7.9.1.2 Powered Seat
7.9.1.3 Heated & Powered Seat
7.9.1.4 Heated Seat
7.9.1.5 Heated & Memory Seat
7.9.1.6 Heated & Ventilated Seat
7.9.1.7 Heated & Ventilated & Memory Seat
7.9.1.8 Powered & Heated & Ventilated & Memory & Massage Seat
7.10 Interior Lighting
7.10.1 Automotive Lighting Applications
7.10.1.1 Dashboard Light
7.10.1.2 Glove Box Light
7.10.1.3 Reading Light
7.10.1.4 Dome Light
7.10.1.5 Rear View Mirror Interior Light
7.10.1.6 Engine Compartment Light
7.10.1.7 Passenger Area Light
7.10.1.8 Driver Area Light
7.10.1.9 Footwell Light
7.11 Door Panel
7.12 Others
7.13 Adhesives & Tapes
7.14 Key Industry Insights
8 Automotive Interior Market, by Material
8.1 Introduction
8.2 Operational Data
8.2.1 Assumptions
8.2.2 Research Methodology
8.3 Leather
8.4 Fabric
8.5 Vinyl
8.6 Wood
8.7 Glass Fiber Composite
8.8 Carbon Fiber Composite
8.9 Metal
8.10 Key Industry Insights
9 Automotive Interior Market, by Autonomous Driving
9.1 Introduction
9.2 Operational Data
9.2.1 Assumptions
9.2.2 Research Methodology
9.3 Semi-AutonomoUS
9.4 AutonomoUS
9.5 Key Industry Insights
10 Automotive Interior Market, by Electric Vehicle Type
10.1 Introduction
10.2 Operational Data
10.2.1 Assumptions
10.2.2 Research Methodology
10.3 Bev
10.4 FCEV
10.5 Hev
10.6 Phev
10.7 Key Industry Insights
11 Automotive Interior Market, by Ice Vehicle Type
11.1 Introduction
11.2 Operational Data
11.2.1 Assumptions
11.2.2 Research Methodology
11.3 Passenger Car
11.4 Light Commercial Vehicle (Lcv)
11.5 Heavy Commercial Vehicle (Hcv)
11.6 Key Industry Insights
12 Automotive Interior Market, by Region
12.1 Introduction
12.2 Asia-Pacific
12.3 North America
12.4 Europe
12.5 Rest of the World (Row)
13 Competitive Landscape
13.1 Market Evaluation Framework
13.2 Overview
13.3 Market Share Analysis for Automotive Interior Market
13.4 Ranking Analysis for Automotive Interior Market
13.5 Market Evaluation Framework: Revenue Analysis of Top Listed/Public Players
13.6 COVID-19 Impact on Automotive Interior Companies
13.7 Competitive Scenario
13.7.1 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements
13.7.2 New Product Developments
13.7.3 Mergers & Acquisitions, 2017-2020
13.7.4 Expansions, 2017-2020
13.8 Company Evaluation Quadrant
13.8.1 Star
13.8.2 Emerging Leader
13.8.3 Participant
13.8.4 Emerging Companies
13.9 Strength of Product Portfolio
13.10 Business Strategy Excellence
13.11 Product Footprint
13.12 Startup/SME Evaluation Matrix, 2019
13.13 Winners Vs. Tail-Enders
14 Company Profiles
14.1 Continental Ag
14.2 Grupo Antolin
14.3 Faurecia
14.4 Marelli
14.5 Magna International
14.6 Toyota Boshoku Corporation
14.7 Yanfeng Automotive Interiors
14.8 Adient
14.9 Draxlmaier Group
14.10 Visteon Corporation
14.11 Panasonic Corporation
14.12 Robert Bosch Gmbh
14.13 Hyundai Mobis
14.14 Other Key Regional Players
14.14.1 Asia-Pacific
14.14.1.1 Sage Automotive Interiors, Inc.
14.14.1.2 Hayashi Telempu Co. Ltd.
14.14.1.3 Tachi-S Co. Ltd.
14.14.1.4 Machino Plastics Limited
14.14.1.5 Pioneer Corporation
14.14.1.6 Denso Corporation
14.14.1.7 LG Display Co. Ltd.
14.14.1.8 Yazaki Corporation
14.14.1.9 Samsung Electronics Co. Ltd.
14.14.1.10 Nippon Seiki Co. Ltd.
14.14.1.11 Kyocera Corporation
14.14.1.12 Au Optronics Corp.
14.14.1.13 Clarion
14.14.1.14 Desay Sv Automotive
14.14.1.15 Spark Minda
14.14.2 North America
14.14.2.1 Lear Corporation
14.14.2.2 Trinseo S.A.
14.14.2.3 Inteva Products
14.14.2.4 H.B. Fuller Company
14.14.2.5 Gentex Corporation
14.14.2.6 Garmin Ltd.
14.14.2.7 Stoneridge Inc.
14.14.3 Europe
14.14.3.1 S. Franzen Sohne Gmbh
14.14.3.2 Novares
14.14.3.3 Mondragon Assembly
14.14.3.4 Eissmann Group Automotive
14.14.3.5 Iac Group
14.14.3.6 Valeo
15 Appendix
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