Automotive components are increasingly seen as way to differentiate themselves from other vehicle manufacturers. Today there are more vehicle components related to passenger safety and comfort. This emphasis on safety and comfort has been influenced by regulatory authorities, such as the new car assessment program (NCAP) introduced by the National Highway Traffic Safety Administration of US, which advocates for adequate passenger safety measures and greater safety awareness among consumers. Also, components associated with reduced emissions and vehicle efficiency, including catalytic converters and turbochargers, have seen increased demand.
Technavio’s portfolio of automotive components market reports includes accessories, aftermarket accessories, camera modules, connectors, head-up display (HUD), electronics components, interior accessories, and tire pressure monitoring systems.