Automotive Roof Control Module Market: Current Analysis and Forecast (2022-2028)
Emphasis On Vehicle Type (Hatchback, Sedan, SUV); Roof Type(Regular sunroof, Panoramic sunroof, and Convertible roof); Technology Type (LIN in vehicle communication and CAN in vehicle communication); And Region/Country
The automotive roof control module market is expected to grow at a strong CAGR of around 9% during the forecast period.
The increasing sales of the passenger vehicle are propelling the growth of automotive roof control modules as consumers’ preferences for vehicles having more leisure-based features are increasing sunroofs are one such feature that consumers are opting for the most as large sunroofs and moonroofs are transforming the modern passenger car design with expansive windshield, windows and other glass surface the interiors are flooded with light and enhance the sense of roominess which makes the drive more comfortable and enjoyable keeping the passengers stress free hence attracting the large consumer base towards itself. Furthermore, there is lots of innovation and advancements are also happening in this segment in order to increase the functionality of the sunroofs even more. For instance, on Feb 2022, Apple patented a new sunroof design that would make it possible for passengers to decide the amount of light they want inside through their sunroof.
Some of the major players operating in the market include CONTINENTAl AG; DENSO CORPORATION.; Robert Bosch GmbH; Beijing Jingwei Hirain Technologies Co., Inc.; Webasto Group; Pektron Group Ltd; Renesas Electronics Corporation; AISIN CORPORATION; GAHH, LLC; and, The Haartz Corporation. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst vehicle type, the SUV segment is expected to grow with a significant CAGR during the forecasted period”
On the basis of vehicle type, the market is segmented into hatchbacks, sedans, and SUVs. Among these SUV is going to grow at the fastest rate owing to the reasons SUVs are currently present in all shapes, sizes, and price ranges. And it has become more common in the mass market in recent times that OEMs are looking to tap the opportunity of increasing preferences for having a sunroof. For instance, according to Jato India, one in five vehicles sold in India was equipped with a factory-fitted sunroof and this was dominated in SUVs than in any other vehicle segment. And the launch of SUVs model with sunroofs has also increased rapidly the over past several years and this has been true for all sizes of SUVs like the mid-size, large size and also those under four meters and this has in turn increased the demand for the automotive roof control module.
“Amongst roof type, the panoramic sunroof is expected to grow with a significant CAGR during the forecast period.
Based on roof type, the market is segmented into regular sunroofs, panoramic sunroofs, and convertible roofs. The panoramic sunroof is anticipated to witness the highest CAGR during the forecast period. For the past few years automobile sectors have seen an increase in luxury cars and rising demand for convenience features, and this has fuelled the automotive sunroof industry and further the demand for automotive roof control modules. Previously sunroofs used to come on the costliest models of luxury vehicles, However, as passenger cars become more popular, there has been a greater shift in consumer preference from a simple automobile to a car with a variety of convenient amenities and Because of the increased competitiveness, many mid-segment vehicles manufactured by OEMs are coming with sunroofs as standard equipment. For instance, according to Saint-Gobain Sekurit India, the automotive industry is anticipating to cross 7 lakh units of sunroof sales during CY23, which is a significant rise from 5 lakh units in sold in CY22 and only about 2 lakh units of sunroofs were sold in CY21.
Automotive Roof Control Module Market Report Coverage
“Asia Pacific dominated the automotive roof control module market in 2021.”
The automotive roof control module market in the Asia Pacific region held the largest market share and is expected to maintain its growth throughout the forecast period. The rapid rate of urbanization and rising discretionary income of consumers and the demand for premiumization among high-net-worth individuals are fueling the growth of vehicle sales in the region which in turn helping the automotive roof control module market’s growth.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global automotive roof control module market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Automotive Roof Control Module Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive roof control module market were the three major steps undertaken to create and analyze the adoption of automotive roof control module in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive roof control module market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the automotive roof control module market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automotive roof control module market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as vehicle type, roof type, and, technology type Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive roof control module market. Further, we conducted factor analysis using dependent and independent variables such as component, deployment, and security type of the automotive roof control module market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automotive roof control module market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automotive roof control module market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the automotive roof control module market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global automotive roof control module market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automotive roof control module market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the vehicle type, roof type, and technology type in the global automotive roof control module market.
The main objective of the Global Automotive Roof Control Module Market Study
The current & future market trends of the global automotive roof control module market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the automotive roof control module market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the vehicle type, roof type and, technology type.
- Define and analysis of the regulatory framework for the automotive roof control module industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the automotive roof control module market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the automotive roof control module market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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