Market Size of Automotive Dashboard Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Dashboard Market Analysis
The automotive dashboard market is anticipated to register a CAGR of over 7% during the forecast period, 2020 - 2025.
- The adoption of advanced driver assistance systems, coupled with the increasing levels of electrification in vehicles, has been transforming the dashboard of both passenger and commercial vehicles. The role of infotainment systems may become primary for the smooth operation of the vehicle and ensuring the safety, security, and comfort of the passenger.
- With the evolution of technology, dashboards may undergo significant changes soon, provisioning an enormous scope for market expansion. Digitization of the dashboard has emerged as one of the significant trends in the market studied, as these systems give greater control over the vehicle to the passenger, thereby, making it an attractive feature.
- The trends in the automotive industry, such as the connected vehicles, autonomous vehicles, and electric vehicles, may shift the focus of automakers to interiors for product differentiation to increase the market growth.
- The market for infotainment systems may be further strengthened by investment being made by automakers and tech companies. For example, on September 14, 2017, Samsung Electronics Co. Ltd had announced a strategic partnership with TTTech and promised to invest around USD 90 million for the development of autonomous and ADAS technologies.
- Dashboards are expected to play a vital role in connected cars, such as navigation, driving assist systems, and autonomous emergency braking systems.
