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The automotive panoramic sunroof market size is forecast to increase by USD 7.56 billion at a CAGR of 10.03% between 2023 and 2028.
The automotive panoramic sunroof industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The suv segment is estimated to witness significant growth during the forecast period.
The market is experiencing significant growth, particularly in the SUV segment. Panoramic sunroofs, featuring expansive glass panels, are no longer confined to luxury vehicles. Mid-size SUVs now offer this feature, catering to the rising demand for convenience and safety. SUVs, the highest adopters of panoramic sunroofs, are increasingly popular worldwide. In 2023, SUVs surpassed all other passenger cars in global sales. Sunroof technology advances with glass innovations such as electrochromic glass, which adjusts tint for enhanced passenger comfort. Sunroof control units, switches, motors, and closing mechanisms ensure seamless operation. Advanced sunroof systems integrate sunroof ventilation, insulation, and safety regulations for optimal performance.
Sunroof manufacturers focus on durability, using lightweight materials like composite materials and laminated glass for stronger sunroof frames and seals. Sunroof installation and maintenance are crucial aspects of the market, with OEM sunroofs ensuring optimal integration and aftermarket sunroofs offering cost-effective alternatives. The market trends include the use of smart glass and acoustic glass for enhanced vehicle features, passenger comfort, and UV protection. Sunroof safety remains a priority, with regulations mandating safety measures such as sunroof closing mechanisms and sunroof safety regulations. In the commercial vehicle sector, sunroofs are gaining popularity for their aesthetic appeal and functionality.
Sunroofs in commercial vehicles can improve cargo space utilization and provide natural light, contributing to the market's expansion. The market is a dynamic and evolving industry, driven by technological advancements, consumer preferences, and the growing popularity of SUVs.
The SUV segment was valued at USD 5.59 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 39% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is witnessing significant growth, particularly in the Asia Pacific (APAC) region. Tempered glass and sunroof control units are essential components of electric and advanced sunroof systems, which are increasingly popular in both original equipment manufacturer (OEM) and aftermarket applications. Sunroof ventilation and glass technology enhance passenger comfort, while sunroof safety regulations ensure secure sunroof closing mechanisms and opening mechanisms. APAC is expected to be the fastest-growing region, with China, India, South Korea, and Japan driving market growth. Major automotive manufacturers, including Hyundai-Kia, Suzuki, Mitsubishi, Tata Motors Limited, Lexus, and Toyota, are based in this region, contributing to its large market share.
The increasing trend of vehicle customization and a younger population seeking aftermarket sunroof installations are key factors fueling demand. Sunroof innovations, such as electrochromic glass, sunroof motor, and smart glass, are improving passenger comfort and vehicle aesthetics. Sunroof safety regulations ensure the integration of sunroof systems with vehicle features, such as roof rails and sunroof frames, for optimal safety and durability. Sunroof insulation and uv protection are also crucial for passenger comfort and vehicle maintenance. Commercial vehicles and luxury vehicles are also adopting panoramic sunroofs to enhance their design and passenger experience. Lightweight materials and sunroof installation techniques are continuously evolving to improve sunroof durability and reduce installation costs.
The market for sunroof repair and maintenance is also growing as sunroofs become increasingly common in vehicles. In conclusion, The market is witnessing significant growth, driven by increasing demand for passenger comfort, vehicle customization, and safety regulations. The APAC region, with its major automotive manufacturers and growing demand for aftermarket sunroof installations, is expected to remain a key player in the market.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The automotive panoramic sunroof market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the automotive panoramic sunroof market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, automotive panoramic sunroof market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
AGC Inc. - The company provides advanced automotive sunroofs, featuring low-e glass for energy efficiency, tempered glass for durability, on-glass antennas for seamless design, and integrated module assemblies within our extensive automotive glass range. These sunroofs ensure optimal performance and enhance vehicle interiors, providing drivers and passengers with an unobstructed view while maintaining superior glass quality.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The automotive sunroof market encompasses various components, including sunroof blinds, noise reduction systems, electric motors, customization options, and warranty coverage. Sunroof installation processes and repair costs are also significant factors in this market. Sunroof actuators, wiring harnesses, and sensor technologies are essential elements of sunroof functionality, addressing concerns such as water leakage and user experience. Sunroof trends lean towards innovation, with advancements in defroster systems, tilt functions, and opening sizes catering to diverse target audiences. Sunroof replacement and aftermarket installation are growing segments, driven by consumer demand for customization and cost-effectiveness. Sunroof safety features, durability testing, and crash testing are crucial aspects of market growth, ensuring consumer confidence and satisfaction.
Sunroof sensor technologies and controller systems enable seamless operation and enhanced user experiences. The sunroof market is competitive, with ongoing developments in seal design, sunroof warranty coverage, and sunroof market segmentation. Sunroof innovation continues to evolve, addressing consumer preferences and industry demands.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Automotive Panoramic Sunroof Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
152 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.03% |
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Market growth 2024-2028 |
USD 7555 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
8.88 |
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Key countries |
US, China, Germany, Japan, UK, Australia, India, France, Brazil, Canada, Brazil, UAE, Australia, Rest of World (ROW), Saudi Arabia, France, South Korea, and Mexico |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Market Segmentation by Vehicle Types
9 Market Segmentation by Material Type
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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