North America 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)

TIPRE00023953 | Pages: 100 | Automotive and Transportation | Jul 2021 | Type: Regional | Status: Published

Market Introduction

The North America region for overhead console market constitutes countries such the US, Canada, and Mexico. North America’s technological advancements have led to a highly competitive market. The companies are enhancing the overall business processes to meet the customers' demand for high-quality products. North America has leveraged developed automotive industry, therefore considered to be one of the most significant passenger and commercial vehicle production and sales nations across the world. In 2018, 2019, and 2020 the production of passenger vehicles and commercial vehicles were 17,436,070, 16,783,398, and 13,375,622 units, respectively. Moreover, the region has a presence of various automotive manufacturers, such as Ford Motor Company, Tesla, BMW, Porsche, Daimler, Toyota, Honda, Nissan, Renault, RAM, VW, Hyundai, Fiat Chrysler Automobiles, and General Motors Company. Also, the governments of the countries in North America are taking initiatives for the development of the automotive sector. The Department of Energy administered the Advanced Technology Vehicle Manufacturing Loan Program worth US$ 25 billion. These factors are driving the North American overhead console market.

North America is one of the leading regions in terms of the development and adoption of new technologies; this is mainly attributed to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industrial sector hampers the economic growth of the region. At present, the US is the world’s worst-affected country due to COVID-19 outbreak. The overhead console market’s reliance on manufacturing industries such as automobile companies and automobile component manufacturers has been highlighted by the recent pause in manufacturing units due to COVID-19 outbreak. Even before the COVID-19 problem, the auto sector faced challenges such as electric mobility, driverless cars, automated factories, and ridesharing. The automobile industry is suffering a major setback as a result of the pandemic's severe restrictions on travel, as well as international manufacturing closures, declining car sales, and large layoffs. The overall demand for overhead console is likely to increase once the industries attain normal operational conditions; these systems are much needed owing to the rise in demand of automobiles. Owing to the favorable government policies and ever-increasing investment by North American countries in advanced technology, North America has the large demand for overhead consoles. Any impact on automobile sector is projected to have a negative influence on the region's economic development.


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Market Overview and Dynamics

The overhead console market in North America is expected to grow from US$ 2,045.93 million in 2021 to US$ 2,786.89 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The integration of advanced technologies, such as artificial intelligence (AI), is gaining popularity worldwide. AI has its applications in the automotive industry, such as in advanced driver-assistance systems (ADAS) that reacts faster than a human driver. It demands embedded vision to offer real-time analysis of the streaming video, which are visible to the driver through overhead consoles. The integration of AI with the overhead consoles delivers driver-assist and fully autonomous mode functionality to the users. Further, the application of AI cloud platforms enhances the data accessibility whenever required. The advance technology constantly monitors several sensors and detects issues even before they affect the vehicle operation and are displayed in overhead consoles to the drivers. The integration of AI also helps for Blind Spot Detection (AI BSD), by efficiently scanning the blind spots of the vehicle and display alerts to the driver in the overhead consoles when action is required.

Key Market Segments

In terms of application, the others segment accounted for the largest share of the North America 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 North America 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.; Diamond Coatings Inc.; and JPC Automotive among others.

Reasons to buy report

  • To understand the North America 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 North America overhead console market
  • Efficiently plan M&A and partnership deals in North America 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 North America overhead console market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Overhead Console Market Segmentation

North America Overhead Console Market – By Application

  • Vehicle Telematics
  • Infotainment System & HMI
  • Others

North America Overhead Console Market – By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

North America Overhead Console Market – By Country

  • US
  • Canada  
  • Mexico          

North America 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           
  • Diamond Coatings Inc.                                                          
  • JPC Automotive     

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.          North America Overhead Console – Market Landscape

4.1        Market Overview

4.2        PEST ANALYSIS

4.3        Ecosystem Analysis

5.          North America Overhead Console – Market Dynamics

5.1        Market Drivers

5.1.1        Emphasizing Consumer Investments on Car Accessories

5.2        Market Restraints

5.2.1        Lower Adoption of Luxury Cars in Developing Economies

5.3        Market Opportunities

5.3.1        Fostering Adoption of Vehicle Telematics

5.4        Future Trends

5.4.1        Raising of AI in Automotive Industry

5.5        Impact Analysis of Drivers and Restraints

6.          North America Overhead Console – Market Analysis

6.1        North America Overhead Console Market Overview

6.2        North America Overhead Console Market Revenue Forecast and Analysis

6.2.1        North America Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)

7.          North America Overhead Console Market Analysis– By Application

7.1        Overview

7.2        North America 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.          North America Overhead Console Market Analysis – By Vehicle Type

8.1        Overview

8.2        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.          North America Overhead Console Market – Country Analysis

9.1        Overview

9.1.1        North America Overhead Console Market Breakdown, by Country

9.1.1.1          US Overhead Console Market, Revenue and Forecast to 2028

9.1.1.1.1          US Overhead Console Market Breakdown, By Application

9.1.1.1.2          US Overhead Console Market Breakdown, By Vehicle Type

9.1.1.2          Canada Overhead Console Market, Revenue and Forecast to 2028

9.1.1.2.1          Canada Overhead Console Market Breakdown, By Application

9.1.1.2.2          Canada Overhead Console Market Breakdown, By Vehicle Type

9.1.1.3          Mexico Overhead Console Market, Revenue and Forecast to 2028

9.1.1.3.1          Mexico Overhead Console Market Breakdown, By Application

9.1.1.3.2          Mexico Overhead Console Market Breakdown, By Vehicle Type

10.       North America 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      Diamond Coatings Inc.

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      Daimay Automotive Interior Co. Ltd

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.            North America Overhead Console Market Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

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

Table 9.            List of Abbreviation

LIST OF FIGURES

Figure 1.           Overhead Console Market Segmentation

Figure 2.           Overhead Console Market Segmentation – By Country

Figure 3.           North America 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.           Overhead Console Market – North America PEST Analysis

Figure 8.           Overhead Console Market: Ecosystem Analysis

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

Figure 10.        North America Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)

Figure 11.        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.        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 North America Overhead Console Market

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

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

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

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

Figure 23.        Impact of COVID-19 Pandemic in North America Country 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. Diamond Coatings Inc.                                                           
  9. JPC Automotive                                               
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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