Dublin, Oct 07, 2021 (GLOBE NEWSWIRE) – The “North America Aerial Consoles Market Forecast to 2028 – COVID-19 Impact and Regional Analysis by Application (Vehicle Telematics, Infotainment System and HMI, and others) and vehicle type (passengers) The report on cars and commercial vehicles) “has been added to ResearchAndMarkets.com offer.
According to the market research on ‘North America Aerial Consoles Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and Vehicle Type’, the market is expected to reach $ 2,786.89 million US by 2028, compared to US $ 2045.93 million in 2021. The market is expected to grow at a CAGR of 4.5% from 2021 to 2028.
The report presents the prevailing trends in the North American pendant console market along with the drivers and restraints associated with the market growth. Focusing on consumer investments in auto accessories, driving adoption of vehicle telematics, and increasing AI in the automotive industry is the main driver for the growth of the hanging console market in North America. However, the decline in the adoption of luxury cars in developing economies is hampering the growth of the North American hanging 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 stimulate innovation and strengthen infrastructure capacities. Therefore, any impact on the growth of the industrial sector hinders the economic growth of the region. Currently, the United States is the worst affected country in the world due to the COVID-19 outbreak.
The reliance of the suspended consoles market on manufacturing industries such as automakers and auto component manufacturers has been highlighted by the recent hiatus in manufacturing units due to the COVID-19 outbreak. Even before the COVID-19 problem, the auto industry faced challenges such as electric mobility, driverless cars, automated factories and carpooling. The auto industry is suffering a major setback due to the pandemic’s severe restrictions on travel, as well as international manufacturing shutdowns, falling car sales and major layoffs.
Global demand for suspended consoles is likely to increase once industries reach normal operating conditions; these systems are essential due to the increasing demand for automobiles. Due to favorable government policies and ever-increasing investments by North American countries in advanced technology, North America has a strong demand for suspended consoles. Any impact on the automotive sector is expected to have a negative influence on the economic development of the region.
The North American pendant console market is segmented by application, vehicle type, and country. On the basis of application, the market is segmented into Vehicle Telematics, Infotainment System and HMI and others. In 2020, the others segment held the largest share of the pendant console market in North America and the infotainment system and HMI is the fastest growing segment during the forecast period.
Based on vehicle type, the hanging console market is divided into passenger vehicles and commercial vehicles. In 2020, the passenger vehicle segment held the largest share of the North American pendant console market, and passenger vehicles are also expected to be the fastest growing segment during the forecast period.
- Flex Ltd.
- Antolin Group
- Hella GmbH and Co. KGAA
- Magna International Inc.
- Yanfeng Automotive Interiors
- Gentex Company
- Daimay Automotive Interior Co. Ltd
- Diamant Coatings Inc.
- JPC Automotive
The companies are focused on adopting organic growth strategies such as product launches and expansions to maintain their position in the dynamic market. For example, Hella GmbH & Co. KGAA opened an electronics factory in Lithuania. Kaunas Free Economic Zone factory started production of various electronic components in August 2018. At present, sensors and actuators, as well as lighting electronic components, are manufactured at the site and more 180 employees are employed.
The report segments the North America Air Consoles market as follows:
North America Air Consoles Market – By Application
- Vehicle telematics
- Infotainment system and HMI
North America Air Consoles Market – By Vehicle Type
- Tourism vehicle
- Commercial vehicle
North America Air Consoles Market – By Country
Main topics covered:
1.1 Scope of the study
1.2 Orientation of the research report
1.3 Market segmentation
2. Key points to remember
3. Research methodology
3.2 Secondary research
3.3 Primary research
4. Overhead Console North America – Market Landscape
4.1 Market overview
4.2 PEST ANALYSIS
4.3 Ecosystem analysis
5. Overhead Console North America – Market Dynamics
5.1 Market drivers
5.1.1 Focus on consumer investment in auto accessories
5.2 Market restrictions
5.2.1 Lower adoption of luxury cars in developing economies
5.3 Market opportunities
5.3.1 Promoting the adoption of vehicle telematics
5.4 Future trends
5.4.1 Development of AI in the automotive industry
5.5 Impact analysis of conductors and stresses
6. North America Overhead Console – Market Analysis
6.1 North America Air Consoles Market Overview
6.2 North America Air Consoles Market Revenue Forecast and Analysis
7. North America Aerial Consoles Market Analysis – By Application
7.2 North America Air Consoles Market, by Application (2020 and 2028)
7.3 Vehicle telematics
7.4 Infotainment system and HMI
8. North America Aerial Console Market Analysis – By Vehicle Type
8.2 Air Consoles Market, by Vehicle Type (2020 and 2028)
8.3 Passenger cars
8.4 Commercial vehicle
9. North America Air Consoles Market – Country Analysis
10. North America Air Consoles Market – COVID-19 Impact Analysis
11. Industry landscape
11.2 Market initiative
11.3 Development of new products
12. Company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/w2gemc