The global automotive dashboard market is growing at a significant CAGR of around 6.4% during the forecast period (2020-2026). The market for automotive dashboard moves along with the automotive market, as no vehicle can be manufactured without a dashboard. Significant automobile sales across the globe, cohesive government initiatives, and rising per vehicle components due to a rise in demand for modern vehicles are some of the factors that are influencing the growth of the market. Furthermore, with the growth of sales and production of cars, the market for luxurious car brands is also increasing across the globe. A luxury car has comparatively more advanced electronic components such as digital dashboard. Mercedes, Range Rover, Rolls-Royce, Bentley Mulsanne, Porsche, BMW, Audi, Bentley, Jaguar, Lexus are among the top brands of luxury vehicles, that are contributing in the automotive dashboard market.

Segmental Outlook  

The automotive dashboard market is classified on the basis of type, vehicle type, and sales channel. Based on type, the market is bifurcated into analog dashboard and digital dashboard. Based on vehicle type, the market is segregated into passenger cars and commercial vehicles. Based on sales channel, the market is segmented into OEM (original equipment manufacturer) and aftermarket.

Global Automotive Dashboard Market Share by Vehicle Type, 2019 (%)

Global automotive dashboard market is driven by passenger cars

The passenger cars contribute a significant share in the global automotive dashboard market. As per the International Organization of Motor Vehicle Manufacturers, in 2018 more than 70% of the vehicles sold (except two-wheelers) were passenger cars and less than 30% were commercial vehicles. The rise in the disposable income of the buyer, a wide available price range with a wide variety of models is some of the other major factors for the growth of the market. In addition, the automobile manufacturers are introducing most of the advanced technologies in passenger cars first and then to commercial and other vehicle segments, as commercial vehicle operator rarely compromises with the profit margins. On the other hand, the passenger car owners adopt advanced features such as digital dashboard, in order to increase the safety and compliance of the vehicle.

Regional Outlook 

The global automotive dashboard market is classified on the basis of geography, which includes North America, Europe, Asia-Pacific, and Rest of the World. North America and Europe are expected to project a considerable growth in the global automotive dashboard market during the forecast period. In Europe, the major countries that contributes in the regional market growth includes Germany, UK, Spain, Italy, and France. Germany has a significant share of the automotive sector with approximately 15-20% of the total economy. Europe has a presence of some of the automobile giants, such as Mercedes-Benz, Jaguar, and BMW AG. These companies offer growth to the OEM sales channel in the automotive dashboard market.

Global Automotive Dashboard Market Growth, by Region 2020-2026

Asia-Pacific contributes significantly in the global automotive dashboard market

Asia-Pacific holds a significant share, in terms of revenue, in the global automotive dashboard market. The growth of the region is backed by factors such as comparatively large production of automobiles in major economies of the region such as China, India, Japan, South Korea, and others. Asia-Pacific is the major producer and consumer of automobiles across the globe with around more than half of the global production capacity as per OICA (International Organization of Motor Vehicle Manufacturers). China is the largest consumer of the automobile with a share of around 30% globally in 2018. Additionally, several American and European automakers such as Audi, BMW, GMC have set-up their manufacturing units in China and India owing to affordable infrastructure at lower prices. Further, cohesive government policies in developing economies such as “Make in India” initiatives in India and “Made in China 2025” in China are boosting the regional business growth of the market.

Market Players Outlook

The key players in the automotive dashboard market are contributing significantly by providing advanced technology-based products and through expanding their geographical presence across the globe. The key players operating in the global automotive dashboard market include ABB Ltd., Faurecia, Visteon Corp., IAC Group, and Toyoda Gosei Co., Ltd. These market players adopt various strategies such as product launch, partnerships, collaborations, merger, and acquisitions to sustain a strong position in the market. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automotive dashboard market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.