South 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)
Market Introduction
The automotive manufacturing sector in the SAM region is witnessing growth owing to the presence of many OEM and automakers in the region. Brazil benefits from being a potentially large domestic market with low vehicle ownership and a growing economy. Moreover, the growing automotive production is supporting the growth of the overhead console market in the region. As per OICA, Brazil witnessed a growth of 2.2% Y-o-Y in the total vehicle production in 2019 and produced 2,448,490 cars before the outbreak of COVID-19. Moreover, the region has the presence of major automakers such as General Motors, Volkswagen, Hyundai, Ford, Toyota, Peugeot, and Renault. The national regulatory bodies of various countries in the region have realized the importance of the automotive sector and are taking initiatives for the development of the automotive industry. For instance, the Brazilian government has formulated favorable trade investment policies to encourage private investments. The government has also made provisions to give investor exemption from custom duties and other taxes on the purchase of certain infrastructure and capital goods. In 2017, the Argentine President Mauricio Macri announced a 1 Million Plan for the automotive industry, under which the country aimed to produce 750,000 cars annually by 2019 and one million units annually by 2023. Therefore, the government initiatives to support the growth of the automotive sector would strengthen the automotive manufacturing industry in the region, which is likely to support the growth of the overhead console market in the region.
In SAM, Brazil has witnessed the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador. Governments have been imposing travel restrictions, lockdowns, and trade bans to contain the spread of virus. Thus, the COVID-19 pandemic has been severely affecting the overhead console’s market growth in this region. Governments need to consider waste management as an urgent and essential public service to respond to emergencies such as the COVID-19 outbreak, to minimize possible secondary impacts upon health and the environment. Response measures need to consider the sudden demand once the pandemic ends. However, recent relaxations in lockdown and arrangement of large-scale vaccination drives would help the economies to bounce back, which would allow industries to regain their operations in the next few quarters.
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Market Overview and Dynamics
The overhead console market in South America is expected to grow from US$ 314.13 million in 2021 to US$ 396.68 million by 2028; it is estimated to grow at a CAGR of 3.4% 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 South 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 South 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.; and Yanfeng Automotive Interiors among others.
Reasons to buy report
- To understand the South 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 South America overhead console market
- Efficiently plan M&A and partnership deals in South 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 South America overhead console market
- Obtain market revenue forecast for market by various segments from 2021-2028 in South America region.
South America Overhead console market Segmentation
South America Overhead Console Market – By Application
- Vehicle Telematics
- Infotainment System & HMI
- Others
South America Overhead Console Market – By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
South America Overhead Console Market – By Country
- Brazil
- Argentina
- Rest of SAM
South America Overhead console market-Companies Mentioned
- Flex ltd
- Grupo Antolin
- Hella GmbH and Co. KGAA
- Magna International Inc.
- Yanfeng Automotive Interiors
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. South America Overhead Console Market Landscape
4.1 Market Overview
4.2 PEST ANALYSIS
4.3 Ecosystem Analysis
5. South America Overhead Console – Market Dynamics
5.1 Market Drivers
5.1.1 Aspirating Consumer Investments on Car Accessories
5.2 Market Restraints
5.2.1 Very Less Adoption of Luxury Cars in Developing Economies
5.3 Market Opportunities
5.3.1 Boosting Adoption of Vehicle Telematics
5.4 Future Trends
5.4.1 Surging Integration of AI in Automotive Industry
5.5 Impact Analysis of Drivers and Restraints
6. South America Overhead Console Market – Market Analysis
6.1 South America Overhead Console Market Overview
6.2 South America Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
7. South America Overhead Console Market Analysis – By Application
7.1 Overview
7.2 South 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. South America Overhead Console Market Analysis – 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. South America Overhead Console Market – Country Analysis
9.1 Overview
9.1.1.1 Brazil Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil Overhead Console Market Breakdown, By Application
9.1.1.1.2 Brazil Overhead Console Market Breakdown, By Vehicle Type
9.1.1.2 Argentina Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina Overhead Console Market Breakdown, By Application
9.1.1.2.2 Argentina Overhead Console Market Breakdown, By Vehicle Type
9.1.1.3 Rest of SAM Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM Overhead Console Market Breakdown, By Application
9.1.1.3.2 Rest of SAM Overhead Console Market Breakdown, By Vehicle Type
10. South 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 Grupo Antolin
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 Hella GmbH and Co. KGAA
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 Magna International Inc.
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 Yanfeng Automotive Interiors
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South America Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
Table 2. South America Overhead Console Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 3. Brazil Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 4. Brazil Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 5. Argentina Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 6. Argentina Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 7. Rest of SAM Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 8. Rest of SAM 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. South 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. South America 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. South America Overhead Console Market, Revenue and Forecast To 2028 (US$ Million)
Figure 11. South America 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. South America 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 South America Overhead Console Market
Figure 19. South America Overhead Console Market Breakdown, by Country, 2020 & 2028 (%)
Figure 20. Brazil Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 21. Argentina Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 22. Rest of SAM Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in South America Countries
- Flex ltd
- Grupo Antolin
- Hella GmbH and Co. KGAA
- Magna International Inc.
- Yanfeng Automotive Interior
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South 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 South 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 South 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