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Rekor Systems Announces Selection of Waycare Technologies by Louisiana Department of Transportation and Development for Pilot Program to Reduce State Traffic Congestion and Crashes California homeless camp fire damages 2 bridges, disrupts public transportation Austin finishes half of its bicycle network, expects to complete entire 400-mile system by 2025 The Top 10 Automotive Concepts that automotive enthusiasts will be itching to see on the road! Oregon Transportation Commission, wary of I-5 Rose Quarter project’s growing price tag, grants conditional approval Woman dies after being hit by car in North Windham Friday night Silk-FAW Continues To Poach Italy’s Automotive Talent, As Lamborghini’s Katia Bassi Joins As Managing Director Transportation Department cracks down on airlines withholding refunds for canceled flights Bear gets trapped in car, destroys interior Cycling apparel company adding full-service bike repair to visitor center
Aug
2021
16

Global Automotive Control Panel Market to Reach US$448.2 Billion by the Year 2027

Abstract: Global Automotive Control Panel Market to Reach US$448. 2 Billion by the Year 2027. Amid the COVID-19 crisis, the global market for Automotive Control Panel estimated at US$281.

New York, Aug. 11, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Automotive Control Panel Industry” – https://www.reportlinker.com/p05797969/?utm_source=GNW
7 Billion in the year 2020, is projected to reach a revised size of US$448.2 Billion by 2027, growing at a CAGR of 6.9% over the analysis period 2020-2027.Electric Window, one of the segments analyzed in the report, is projected to grow at a 6.8% CAGR to reach US$130.3 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rotary Switch segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 22.9% share of the global Automotive Control Panel market.

The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 10.4% CAGR for the Period of 2020-2027

The Automotive Control Panel market in the U.S. is estimated at US$76.2 Billion in the year 2020. The country currently accounts for a 27.05% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$97.6 Billion in the year 2027 trailing a CAGR of 10.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR while Rest of European market (as defined in the study) will reach US$97.6 Billion by the year 2027.

Roof Light Segment Corners a 14.7% Share in 2020

In the global Roof Light segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$31.4 Billion in the year 2020 will reach a projected size of US$44.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$61.3 Billion by the year 2027, while Latin America will expand at a 6.8% CAGR through the analysis period.

Select Competitors (Total 48 Featured)

  • ACTIA GROUP

  • Alps Alpine Co., Ltd.

  • C&K

  • Calsonic Kansei Corporation (Marelli)

  • Carling Technologies, Inc.

  • Continental AG

  • EAO AG

  • Eaton Corporation

  • Eissmann Automotive Deutschland GmbH

  • Faurecia SA

  • HELLA

  • Hyundai Mobis Co., Ltd.

  • Johnson Electric

  • JP Minda (JPM) Group

  • Judco Manufacturing, Inc.

  • KOSTAL Automotive Electrical Systems

  • Lear Corporation

  • Littelfuse, Inc.

  • LS Automotive Technologies

  • Preh GmbH

  • Rees, Inc.

  • Toyodenso Co., Ltd.

  • Valeo SA (France).

Read the full report: https://www.reportlinker.com/p05797969/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Automotive Control Panels Market Set for a Rapid Growth
Electric

Apr
2020
30

April U.S. Auto Sales Volume and Pace Likely to Reach Historic Lows

ATLANTA, April 27, 2020 /PRNewswire/ — Historic lows are expected in April as the full effects of COVID-19 are felt across the U.S. auto market for the entire month. According to a forecast released by Cox Automotive, new light-vehicle sales volume is expected to finish near 620,000 units, down 53% compared to last April and down 37% compared to last month. After incorporating seasonal adjustments, the annual vehicle sales pace in April is expected to finish near 7.5 million, down significantly from last month’s 11.4 million and far below last April’s 16.5 million level.

The auto industry has consistent, reliable data reaching back to 1976. In that timeframe, the single lowest sales month was marked in January 2009, in the depths of the Great Recession. Total sales fell to 655,000, and the seasonally adjusted annual rate (SAAR) fell to 9.6 million. The lowest sales pace in the past 40-plus years was 8.8 million, which occurred in December 1981 during the “Double Dip” recession period. Given the massive impact of this pandemic, it seems very likely that the resulting market response in April 2020 will be history making.

Though this forecast is disheartening, there is a silver lining. According to Charlie Chesbrough, senior economist at Cox Automotive, “April is likely to be the sales bottom for the vehicle market during this crisis. Recent sales data suggests demand is starting to recover modestly after the initial shock in March and early April. Year-over-year daily declines, while still high, are consistently showing improvement over recent weeks. Some people want to buy a vehicle or need to buy a vehicle, even in a pandemic.”

Dealership closures, which began in mid-March in many parts of the country, are now being lifted, and sales are slowly improving. Sales should continue to show modest improvement in May as the country gradually reopens, and dealerships implement new strategies to sell and deliver vehicles in ways that are consistent with social-distancing guidelines. For example, more than 10,000 dealers in the U.S. have signed up for Dealer Home Services from Autotrader and Kelley Blue Book, both Cox Automotive companies. And more dealers are choosing to use advanced digital retailing tools, similar to those offered by Cox Automotive, to help customers buy vehicles without visiting a dealership.

Sales Levels Vary Widely Based on Geography

Although the national U.S. auto market is expected to fall 53%, geography is a consideration this month because sales vary greatly across the country. Some places face much more severe infection rates, and consumers are very reluctant to go outdoors. Policy responses from state and local officials also vary, with many states on lock-down for weeks, and dealerships closed in large portions of the country. Sales are down everywhere, but some markets are more negatively impacted than others.

As a result of the diverse geographic impact this month, it is likely luxury and vehicles from the Japanese brands are taking a bigger hit, as those products are stronger in the Northeast and West,