The automotive industry is undergoing a rapid transformation with disruptive technologies being introduced, such as Autonomous vehicles, connected cars and Electric vehicles. The introduction of autonomous vehicles will transform the interiors of the automobile, as the role of infotainment systems will become primary for the smooth operation of the vehicle and ensuring safety, security and comfort of the passenger. As and when autonomous vehicles start entering the market the driver will become the passenger opening up a wide array of opportunities for the automotive seating segment besides infotainment systems. Electric vehicles are also expected to drive the market for automotive interiors. As the share of electric vehicles in the automotive market is expected to grow rapidly over the years, the automakers will have to focus on interiors for product differentiation to attract customers as the performance of electric vehicles manufactured by different OEMs are expected to be at similar level.
Infotainment Systems Segment Constitutes a Major Share in the Automotive Interior Market
Source: Mordor Intelligence Analysis
The automotive infotainment systems is the largest segment among the automotive interiors market. The European region is the largest market for automotive infotainment systems due to the presence of manufacturing facilities of largest premium automakers and the fastest growing market for these systems is the Asia-Pacific region as the demand for premium vehicles are increasing in China and India supported by high economic growth rates in these countries which are also among the largest automotive markets in the world. Infotainment systems will play a major role in advanced automobiles such as connected cars and autonomous vehicles for navigation, connectivity, safety and comfort. The market for infotainment systems will be further strengthened by investment being made by automakers and tech companies. For example, Samsung Electronics co, ltd. has announced a strategic partnership with TTTech and has promised to invest around USD 90 million for the development of autonomous and ADAS technologies in which the primary components will be infotainment systems.
Major Players: JOHNSON CONTROLS, MAGNA INTERNATIONAL, PANASONIC CORP, KENWOOD and DELPHI AUTOMOTIVE.
Key Developments in the Market
June 2017: CVC Capital Partners has agreed to acquire Pasubio, a specialised provider of premium leather for the automotive industry, from the Pretto family. Pasubio supplies leather interiors for the premium segment for clients like Jaguar Land Rover Group, Volkswagen Group (Porsche, Lamborghini, Bentley and Skoda), FCA Group (Maserati and Alfa Romeo), BMW and PSA.
Reasons to Purchase this Report:
- The report provides latest insights into the global automotive Interior industry.
- Gives a detailed analysis of the competitive landscape in the automotive interior market.
- Analyzes the market scenario with the help of Porter’s Five Forces Analysis.
- Forecasts the market value by assessing the impact of the market drivers and constraints.
- Analysis on the change in automotive interiors with the increasing role of electronics in automobiles.
Report Customization and Benefits:
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1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics
5.1.1 Vehicle Light-Weighting
5.1.2 Increasing Role of Electronics In Automobiles
5.2.1 Slow Economic Growth in the Latin American and Eastern European Region
5.3.1 Emergence of Autonomous Vehicles
6. Automotive Interiors Market, Segmented By Vehicle Type
6.1 Passenger Vehicles
6.2 Commercial Vehicles
7. Automotive Interiors Market, Segmented By Component
7.2 Infotainment Systems
7.3 Interior Lighting
7.4 Body Panels
8. Automotive Interiors Market, Segmented By Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.4 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Johnson Controls
10.2 Toyota Boshuku Corporation
10.3 Magna International Inc
10.5 Lear Corporation
10.6 Hyundai Mobis Co
10.7 Panasonic Corporation
10.8 Pioneer Corporation
10.9 Kenwood Limited
10.10 Garmin Limited
10.11 Robert Bosch
10.12 Delphi Technologies