Global Overhead Console Market Assessment Covering Growth Factors and Upcoming Trends & Application Forecast Report 2021 2027
Global Overhead Console Market was valued at USD 8,430 million in 2020 which expected to reach USD 14,011 million by 2027 at a CAGR 6.3% from 2020-2027.
Overhead console has a wide range of applications including holding of lighting devices & also providing navigation-related information in the vehicle. The rise in demand for driver monitoring system in a vehicle, which requires an overhead console, is likely to drive the global overhead console market over the forecast period.
Get Sample Copy of this Report @ https://qualiketresearch.com/request-sample/Overhead-Console-Market/request-sample
Market Drivers
The rise in adoption of vehicle telematics along with overhead console in the vehicles for the movement of a vehicle & monitoring location by combining global positioning system & on-boards diagnostics systems. The vehicle telematics systems are integrated by automobile fleet management companies to precisely monitor behavior & location of a vehicle. Furthermore, the increase in adoption of smartphones has enhanced the features of connectivity in the vehicle which expected to accelerate the demand for advanced overhead console during the forecast period.
The increase in vehicle production integrated with increasing number of comfort features is expected to propel the target market growth. The rise in consumer preference for sunroofs in vehicles is expected to support the overhead console market growth across the globe. Moreover, the increase in demand for comfort features in vehicles is expected to propel the target market growth.
Market Restraints
The COVID-19 outbreak has hit the business world on an unprecedented scale. It has led to the closure of businesses, stoppage of factory outputs as well as the disruption to manufacturing industries and their supply networks which expected to hamper the growth of global overhead console market across the globe.
Market Segmentation
The Global Overhead Console Market is segmented into vehicle type such as Passenger Cars, Commercial Vehicles. Further, market is segmented into application such as Vehicle telematics, Infotainment system & HMI, and Others.
Regional Analysis
Global Overhead Console Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Europe region is projected to account for a major share of overall overhead console market due to the growing the demand for vehicles across the world. Europe region has presence of major original equipment manufacturers and tier-1 suppliers, including Valeo and Continental AG who have major facilities that undertake research & development on console, which in turn is likely to propel the automotive overhead console market across the globe.
Key Players
Various key players are listed in this report such as Flex Ltd., Yanfeng Automotive Interiors, Kojima Industries Corporation, Daimay Automotive Interior Co., Diamond Coatings Inc., Magna International Inc., JPC Automotive, Hella GmbH & Co. KGAA, Grupo Antolin, Gentex Corporation, etc.
Market Taxonomy
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Application
- Vehicle telematics
- Infotainment system & HMI
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Us
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
Browse Full Research Report @ https://qualiketresearch.com/reports-details/Overhead-Console-Market