PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314978
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314978
Global Automotive Dashboard Market is valued at approximately USD xxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7% over the forecast period 2023-2030. An automotive dashboard is a control panel located in the front interior of a vehicle that displays important information and provides controls for various vehicle functions. The dashboard can be customized to display the company's logo or other information, and it is a common place for advertising. The Automotive Dashboard Market is expanding because of factors such as rising adoption of advanced driver assistance systems and the growing popularity of connected cars. Moreover, increasing adoption of advanced driver assistance systems (ADAS) is driving innovation in the automotive dashboard market, leading to enhanced display designs and functionalities. The integration of ADAS features into dashboards improves safety and enhances the driving experience.
According to Statista in 2020, Global revenue from the advanced driving assistance systems (ADAS) sector was 27.29 billion US dollars. By 2028, it is anticipated that the global ADAS market would increase and surpass 58.59 billion US dollars. Moreover, the advanced driver assistance systems (ADAS) market is anticipated to expand by about 23% between 2022 and 2023. By 2023, it is anticipated that the market would be worth more than USD 30 billion. The automotive dashboard market is expected to play an important role in connected cars, such as navigation, driver assistance systems, and automatic emergency braking systems. According to the Statista, they are part of the expanding Internet of Things (IoT) ecosystem, which is experiencing rapid growth. Over 400 million connected automobiles are anticipated to be in use by 2025, up from over 237 million in 2021. Furthermore, in 2021, in the United States, there were 84 million connected vehicles on the road. By 2035, their number is anticipated to exceed 305 million, making the US the largest market for connected vehicles. In addition, technological development in the automotive dashboard and rising integration of safety features in automobiles would create a lucrative growth opportunity. However, the high cost of the automotive dashboard and the high price of raw materials stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Automotive Dashboard Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is dominating the market in 2022, owing to the factors such as , rise in the number of vehicle manufacturing enterprises, driven by advantages such as low labor costs and convenient access to raw materials. Additionally, the region is experiencing increased adoption of advanced driver assistance systems (ADAS). Asia Pacific is also the fastest growing region during the forecast period, owing to factors such as , rapid urbanization, rising disposable incomes, and increased consumer demand for advanced vehicles contribute to the growth of the automotive dashboard market in Asia Pacific.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable