Segmentation by Vehicle Type, Material, Component, Geography, and Competitive Landscape In New Report

Automotive Interior Market worth $223.72 Bn by 2031 – Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Automotive Interior Market– (By Component Type (Center Stack, Head-up Display, Instrument Cluster, Rear Sear Entertainment, Dome Module, Headliner, Seat, Interior Lighting Door Panel, Center Console, Adhesives & Tapes, Upholstery, Others), By Material (Leather, Fabric, Vinyl, Wood, Glass Fiber Composite, Carbon Fiber Composite, Metal),

By Level of Autonomy (Semi-Autonomous, Autonomous, Non-Autonomous),By Electric Vehicle (Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), By Passenger Car Class (Economic Cars, Mid-Segment Cars, Luxury Segment Cars), By ICE Vehicle Type (Passenger Cars, Light

Commercial Vehicles, Heavy Commercial Vehicles)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”

According to the latest research by InsightAce Analytic, the Global Automotive Interior Market is valued at US$ 146.98 Bn in 2022, and it is expected to reach US$ 223.72 Bn by 2031, with a CAGR of xx% during a forecast period of 2024-2031.

Get your free sample copy of the report: www.insightaceanalytic.com/request-sample/2073

The interior of a car is one of the most crucial features that pleases and attracts a consumer’s attention. As a result, good material selection for appealing automobile interiors is critical. Plastics, composites, wood, textiles, rubber, and a range of other materials are utilized in the automobile interior for comfort. The rise of the automobile interiors market is primarily driven by the imperative to enhance fuel-efficiency, advancements in technology, a growing demand for premium vehicles, and a heightened emphasis on driver well-being.

The market increased significantly as a result of anticipated growth from untapped developing areas around the world. The improvement of in-vehicle infotainment has also supported market expansion in these regions. Each of these elements is likely to have an impact. This growth in demand for high-end vehicles is likely to enhance the demand for innovative automobile interiors. As a result of these reasons, the demand for novel car interior solutions is predicted to rise. 

List of Prominent Players in the Automotive Interior Market:

• Forvia Faurecia
• Yanfeng
• Antolin
• Samvardhana Motherson Group (Smp Deutschland Gmbh)
• Toyota Boshoku Corporation
• Continental Ag
• Lear Corporation
• Robert Bosch Gmbh
• Hyundai Mobis
• Adient Plc.
• Denso Corporation
• Zf Friedrichshafen AG
• Panasonic Holdings Corporation
• Valeo
• Draxlmaier
• Nippon Seiki Co., Ltd.
• Yazaki Corporation
• Alps Alpine Co., Ltd.
• Jvckenwood Corporation
• Renesas Electronics Corporation
• Toshiba Corporation
• Japan Display, Inc.
• Mitsubishi Electric Corporation
• Texas Instruments
• Nvidia Corporation
• Magna International Inc.
• Harman International
• Saint-Gobain
• Pioneer Corporation
• Tomtom International
• Visteon Corporation
• Fujitsu Limited
• Ford Motor Company
• General Motors
• Audi AG
• BMW AG

Market Dynamics:

Drivers- 

The rapidly growing e-vehicle market will drive demand for automotive interior materials. With increased environmental concerns and rapidly decreasing fossil resources, the global market for electric vehicles is rapidly expanding. To improve fuel efficiency and reduce recharge times, electric vehicles are usually composed of plastics and other lightweight materials.

Electric vehicles are being promoted by lawmakers all over the world as a more cost-effective and environmentally friendly alternative to traditional vehicle technology. To encourage the use of cleaner technology, several programs and subsidies are being offered to e-vehicle buyers. This has undoubtedly increased e-vehicle sales, and many customers are urged to join the clean league in the coming years.

Challenges:

The weak or flat growth of the world’s major automobile markets has hampered the expansion of the car interior materials market in recent years. Furthermore, shifting regulatory limits on vehicle emissions,

such as BSIV (India) Bharat Stage 6, Euro6, and others, have rocked the global automotive business. As a result of the increasing number of such interruptions in the automotive industry, market growth is expected to be restricted over the forecast period.

Regional Trends:

The North America Automotive Interior Market is expected to record major market share in revenue and projected to grow at a high CAGR in the near future due to the rapid expansion of the middle class in rising economies such as India, China, Taiwan, Thailand, and others. This enables many motor vehicle manufacturers to establish manufacturing units in Africa and Asia to meet local demand while taking advantage of reduced manufacturing costs for exporting vehicles and parts.

Furthermore, increased e-vehicle sales and acceptance in the region are likely to boost market development in the near future. North America is predicted to increase moderately due to the region’s continually growing automobile industry. Rising adoption of electric vehicles (EV) in the region is predicted to propel the market growth in the coming years.

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Recent Developments:

• In March 2022, Uniphy and Grupo Antolin developed smart surfaces for next-generation in-car user interfaces. Grupo Antolin merged innovative decorative and lighting technologies with Uniphy’s Canvya™ smart-surface solutions to create functional, attractive, safe, and cost-effective 3D touch-control surfaces.

• In Dec 2019, Bosch unveiled a new interior monitoring system equipped with cameras and artificial intelligence with the intention of enhancing driver and passenger safety. A camera incorporated into the steering wheel detected when a driver’s eyelids became droopy, when they were distracted, and when they turned their head towards their passenger or the rear of the vehicle.

Segmentation of Automotive Interior Market-

By Component Type-

• Center Stack
• Head-up Display
• Instrument Cluster
• Rear Sear Entertainment
• Dome Module
• Headliner
• Seat
• Interior Lighting
• Door Panel
• Center Console
• Adhesives & Tapes
• Upholstery
• Others

By Material-

• Leather
• Fabric
• Vinyl
• Wood
• Glass Fiber Composite
• Carbon Fiber Composite
• Metal

By Level of Autonomy-

• Semi-Autonomous
• Autonomous
• Non-Autonomous

By Electric Vehicle-

• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)

By Passenger Car Class-

• Economic Cars
• Mid-Segment Cars
• Luxury Segment Cars

By ICE Vehicle Type-

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Region-

North America-

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa

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