According to The Business Research Company’s Automotive Centre Console , The automotive centre console market size has grown strongly in recent years. It will grow from <b>$31.3 billion in 2023 to $33.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. </b> The growth in the historic period can be attributed to rise of modern electric vehicles, changing consumer behavior,limited connectivity features, simple storage compartments.
Learn More On The Automotive Centre ConsoleMarket https://www.thebusinessresearchcompany.com/report/automotive-centre-console-global-market-report
The automotive centre console market size is expected to see strong growth in the next few years. It will grow to <b>$44.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. </b> The growth in the forecast period can be attributed to rising production of passenger cars and commercial vehicles, growth of the high-end and luxury car segments, expansion of the connected car ecosystem, surge in demand for electric and autonomous vehicles . Major trends in the forecast period include integration of large touchscreen displays, customizable ambient lighting, connectivity with iot and smart home devices, wireless charging for devices, multi-functional and modular console designs.The rapidly growing demand for electric vehicles is significantly contributing to the growth of the automotive centre console market. Safe, secure, and robust centre control systems are an integral part of an electric car. Centre consoles in electric cars are used for navigation and touch controls. For instance, in February 2023, the Bureau of Labor Statistics, a USA-based unit of the United States Department of Labor published an article according to which electric vehicle sales in the United States is expected to reach 40% of total passenger car sales by 2030, and more optimistic projections foresee electric vehicle sales surpassing 50% by the year 2030. Thus, the increasing demand for electric vehicles will drive the automotive centre console market.
Get A Free Sample Of The Report (Includes Graphs AndTables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=5718&type=smp
The automotive centre console market covered in this report is segmented –
1) By Type: Touch Screen, Buttons and Controls
2) By Vehicle Type: Passenger Vehicle, Premium Cars, Compact Cars, Mid-Size Cars, Luxury Cars, SUV, Electric Vehicle
3) By Distribution: Original Equipment Manufacturer, After MarketThe introduction of new technology in touch screens is a key trend gaining popularity in the automotive centre console market. Major companies operating in the market are focused on developing new technological solutions to strengthen their position. For instance, in January 2021, Audi, a Germany-based automobile and car manufacturer, introduced its new touchpad system in the automotive centre console known as Audi MMI. This automotive centre console system has features such as swiping through menus and can also be used for writing in letters, using the index finger, into the sat-nav. The MMI also features a digital instrument display, called the Virtual Cockpit, which is another high-definition digital screen in front of the steering wheel that replaces conventional analogue dials. With this type of technology, riders can easily control the vehicle and make driving safer.The automotive centre console market report table of contents includes:
- Executive Summary
- Automotive Centre Console Market Characteristics
- Automotive Centre Console Market Trends And Strategies
- Automotive Centre Console Market – Macro Economic Scenario
- Global Automotive Centre Console Market Size and Growth
.
.
.
- Global Automotive Centre Console Market Competitive Benchmarking
- Global Automotive Centre Console Market Competitive Dashboard
- Key Mergers And Acquisitions In The Automotive Centre Console Market
- Automotive Centre Console Market Future Outlook and Potential Analysis
- Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
