Asia Pacific Overhead Console Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Vehicle Telematics, Infotainment System & HMI, and Others) and Vehicle Type (Passenger Cars and Commercial Vehicles)

TIPRE00023958 | Pages: 107 | Automotive and Transportation | Jul 2021 | Type: Regional | Status: Published

Market Introduction

APAC continent comprises several developing economies such as China, India, and South Korea, and developed economies such as Japan and Australia. The economy of the region is gaining traction, owing to the numerous technological and infrastructural developments. The region has a robust automotive sector, which is supported by the growing automotive manufacturing industry in countries such as China, India, and South Korea. Countries such as India, China, South Korea, and Japan are among the leading vehicle manufacturing countries worldwide. For instance, India produced 3,394,446 vehicles, of which 2,938,653 were sold in 2020. Also, in 2020, China was the largest vehicle producing country across the world; it produced 25,225,242 vehicles in 2020, of which 25,311,069 were sold. The presence of a strong automotive sector and the increasing number of car manufacturers are the major factors driving the growth of the overhead console market in the region.

Due to increasing number of cases in China, the APAC region is greatly affected by COVID-19. The country also homes the largest population across the world, which is imposing greater risk to a large number of individuals. China is also a world leader of many global brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies of the region, including China, India, South Korea, and Vietnam and these market has experienced a downward industrial growth during the first two quarter of 2020.


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Market Overview and Dynamics

The overhead console market in Asia Pacific is expected to grow from US$ 4543.86 million in 2021 to US$ 7368.81 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028. There is an increase in adoption of vehicle telematics along with overhead consoles in the vehicles for the movement of a vehicle and monitoring location by combining global positioning system (GPS) and on-boards diagnostics systems. The vehicle telematics systems are primarily integrated by automobile fleet management companies to precisely monitor behavior and location of a vehicle. Further, the growing adoption of smartphones has enhanced the features of connectivity in the vehicle over time. The consumer requires to constantly stay connected with the outer world while travelling. The vehicle connectivity has become the necessity now-a-days, and the automobile manufacturers are integrating connectivity solutions in their vehicles to boost the features and the automobile sales. Therefore, the vehicle telematics market is anticipated to grow prominently owing to growing customer demands for staying connected 24*7 even while travelling. The automakers are installing overhead consoles for enhancing the geofencing, real-time monitoring, and diagnostic features to meet the mounting demand for fleet safety and security in transportation of goods through commercial vehicles. As per the telematics service providers, telematics in the automotive industry is anticipated to expand rapidly specifically in the developing economies. Therefore, surging requirement for enhanced safety and security is anticipated to boost the installation of overhead console with automotive telematics features.

Key Market Segments

In terms of application, the others segment accounted for the largest share of the Asia Pacific overhead console market in 2020. In terms of vehicle type, the Passenger vehicle segment held the larger market share of the overhead console market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the overhead console market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Flex Ltd.; Grupo Antolin; Hella GmbH & Co. KGAA; Magna International Inc.; Yanfeng Automotive Interiors; Gentex Corporation; Daimay Automotive Interior Co., Ltd.; Kojima Industries Corporation; and JPC Automotive among others.

Reasons to buy report

  • To understand the Asia Pacific overhead console market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific overhead console market
  • Efficiently plan M&A and partnership deals in Asia Pacific overhead console market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific overhead console market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.

 

Asia Pacific Overhead console market Segmentation

Asia Pacific Overhead Console Market – By Application

  • Vehicle Telematics
  • Infotainment System & HMI
  • Others

Asia Pacific Overhead Console Market – By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Asia Pacific Overhead Console Market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

Asia Pacific Overhead console market-Companies Mentioned

  • Flex ltd                                                            
  • Grupo Antolin                                                
  • Hella GmbH and Co. KGAA                         
  • Magna International Inc.                              
  • Yanfeng Automotive Interiors                      
  • Gentex Corporation                                       
  • Daimay Automotive Interior Co. Ltd           
  • Kojima Industries Corporation                                                                                                                                             
  • JPC Automotive     

TABLE OF CONTENTS

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.          Key Takeaways

3.          Research Methodology

3.1        Coverage

3.2        Secondary Research

3.3        Primary Research

4.          Asia Pacific Overhead Console – Market Landscape

4.1        Market Overview

4.2        PEST ANALYSIS

4.3        Ecosystem Analysis

5.          Asia Pacific Overhead Console – Market Dynamics

5.1        Market Drivers

5.1.1        Up-surging Sales of Premium Cars in China

5.1.2        Intensifying Consumer Investments on Car Accessories

5.2        Market Restraints

5.2.1        Fewer Adoption of Luxury Cars in Developing Economies

5.3        Market Opportunities

5.3.1        Ramping Adoption of Vehicle Telematics

5.4        Future Trends

5.4.1        Heighten Integration of AI in Automotive Industry

5.5        Impact Analysis of Drivers and Restraints

6.          Asia Pacific Overhead Console Market – Market Analysis

6.1        Asia Pacific Overhead Console Market Overview

6.1.1        Asia Pacific Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)

7.          Asia Pacific Overhead Console Market Analysis – By Application

7.1        Overview

7.2        Asia Pacific Overhead Console Market, By Application (2020 & 2028)

7.3        Vehicle Telematics

7.3.1        Overview

7.3.2        Vehicle Telematics: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

7.4        Infotainment System & HMI

7.4.1        Overview

7.4.2        Infotainment System & HMI: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

7.5        Others

7.5.1        Overview

7.5.2        Others: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

8.          Asia Pacific Overhead Console Market Analysis – By Vehicle Type

8.1        Overview

8.2        Asia Pacific Overhead Console Market, By Vehicle Type (2020 & 2028)

8.3        Passenger Cars

8.3.1        Overview

8.3.2        Passenger Cars: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

8.4        Commercial Vehicle

8.4.1        Overview

8.4.2        Commercial Vehicle: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

9.          Asia Pacific Overhead Console Market – Country Analysis

9.1        Overview

9.1.1        Asia Pacific Overhead Console Market Breakdown, by Country

9.1.1.1          China Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          China Overhead Console Market Breakdown, By Application

9.1.1.1.2          China Overhead Console Market Breakdown, By Vehicle Type

9.1.1.2          Japan Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Japan Overhead Console Market Breakdown, By Application

9.1.1.2.2          Japan Overhead Console Market Breakdown, By Vehicle Type

9.1.1.3          India Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          India Overhead Console Market Breakdown, By Application

9.1.1.3.2          India Overhead Console Market Breakdown, By Vehicle Type

9.1.1.4          South Korea Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          South Korea Overhead Console Market Breakdown, By Application

9.1.1.4.2          South Korea Overhead Console Market Breakdown, By Vehicle Type

9.1.1.5          Australia Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1          Australia Overhead Console Market Breakdown, By Application

9.1.1.5.2          Australia Overhead Console Market Breakdown, By Vehicle Type

9.1.1.6          Rest of APAC Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1          Rest of APAC Overhead Console Market Breakdown, By Application

9.1.1.6.2          Rest of APAC Overhead Console Market Breakdown, By Vehicle Type

10.       Asia Pacific Overhead Console Market - COVID-19 Impact Analysis

10.1      Overview

11.       Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.       Company Profiles

12.1      Flex ltd

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Gentex Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Grupo Antolin

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Hella GmbH and Co. KGAA

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Magna International Inc.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Yanfeng Automotive Interiors

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Daimay Automotive Interior Co. Ltd

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Kojima Industries Corporation

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      JPC Automotive

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

13.       Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.            Asia Pacific Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

Table 2.            APAC Overhead Console Market, Revenue and Forecast To 2028 – By Country (US$ Million)

Table 3.            China Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)

Table 4.            China Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)

Table 5.            Japan Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)

Table 6.            Japan Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)

Table 7.            India Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)

Table 8.            India Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)

Table 9.            South Korea Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)

Table 10.          South Korea Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)

Table 11.          Australia Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)

Table 12.          Australia Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)

Table 13.          Rest of APAC Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)

Table 14.          Rest of APAC Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)

Table 15.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Overhead Console Market Segmentation

Figure 2.           Overhead Console Market Segmentation – By Country

Figure 3.           Asia Pacific Overhead Console Market Overview

Figure 4.           Overhead Console Market, by Application

Figure 5.           Overhead Console Market, by Vehicle Type

Figure 6.           Overhead Console Market, By Country

Figure 7.           Asia Pacific Overhead Console Market – PEST Analysis

Figure 8.           Overhead Console Market: Ecosystem Analysis

Figure 9.           Overhead Console Market Impact Analysis of Drivers and Restraints

Figure 10.        Asia Pacific Overhead Console Market, Revenue and Forecast To 2028 (US$ Million)

Figure 11.        Asia Pacific Overhead Console Market, by Application (2020 & 2028)

Figure 12.        Vehicle Telematics: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Infotainment System & HMI: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Others: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Asia Pacific Overhead Console Market, By Vehicle Type (2020 & 2028)

Figure 16.        Passenger Cars: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Commercial Vehicle: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Geographic Overview of Asia Pacific Overhead Console Market

Figure 19.        Asia Pacific Overhead Console Market Breakdown, by Country, 2020 & 2028 (%)

Figure 20.        China Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)

Figure 21.        Japan Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)

Figure 22.        India Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)

Figure 23.        South Korea Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)

Figure 24.        Australia Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)

Figure 25.        Rest of APAC Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)

Figure 26.        Impact of COVID-19 Pandemic in Asia Pacific Markets

  1. Flex ltd                                                            
  2. Grupo Antolin                                               
  3. Hella GmbH and Co. KGAA                         
  4. Magna International Inc.                              
  5. Yanfeng Automotive Interiors                      
  6. Gentex Corporation                                       
  7. Daimay Automotive Interior Co. Ltd           
  8. Kojima Industries Corporation                                                                                  
  9. JPC Automotive                                               
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific overhead console market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific overhead console market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the overhead console market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  
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