During the projection period of 2022 to 2032, the global automotive sunroof market demand is estimated to expand at a value CAGR of 11%, reaching a valuation of more than US$ 19 Billion by 2032.
Increasing passenger car sales in conjunction with increased per capita income and consumer spending toward vehicle interiors and effective ventilation will drive the market. Also, the launch of new vehicle models with sunroofs as standard equipment will spur tremendous growth.
Pop-up, in-built, tile and slide, and top mount installed on the top of the vehicle roof are all examples of automotive solar sunroofs. Solar sunroofs are made of glass with photovoltaic solar cells embedded into them.
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Furthermore, as demand for electric vehicles grows in both developed and emerging countries, the solar sunroof system is becoming more popular in the EV market. Panasonic, for example, designed a 180-watt roof for the Toyota Prius Prime in Japan to provide enough energy to travel 3–6 kilometers each day.
Key Takeaways from Market Study
“Growing need for safety, comfort, and aesthetic elements has resulted in a several technological developments in automobiles. This has improved the installation of sunroofs that allow for greater air circulation.” says a Future Market Insights analyst.
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Market Landscape
Automakers and suppliers are working together to improve the safety features of various automotive systems. For example, Hyundai Mobis launched the world’s first panorama sunroof airbag system, which can prevent passengers from being propelled out of the vehicle through the roof in the event of an accident or rollover.
Rain sensors have also been integrated into these systems by automakers. As a result, when it starts raining, auto sunroofs can be closed automatically. Over the forecast period, such advancements are expected to boost the market growth.
Some of the key automotive sunroof manufacturers included in the report are:
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Key Segments Covered in Automotive Sunroof Industry Analysis
Sunroof Type:
Operation Type:
Material Type:
Vehicle Type:
Sales Channel:
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Automotive Sunroof Market Demand will reach a value of US$ 19 Billion by the year 2032 at a CAGR of 11% | Data analysis by Future Market Insights appeared first on Future Market Insights.