The global automotive panoramic market was worth around USD 2.21 Billion in 2021 and is estimated to grow to about USD 12.74 Billion by 2030, with a compound annual growth rate (CAGR) of approximately 16.8% over the forecast period.
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➤ The market is expected to experience growth due to the increasing demand for convenience and comfort and the emergence of a revolution in glass technology.
The implementation of sunroofs that facilitate improved air circulation has been one of the numerous technical advancements in automobiles that have been the result of the growing demand for aesthetic elements, safety, and comfort. Leading automotive manufacturers are introducing a wide variety of vehicles that include panoramic sunroof features.
➤ Growth of the market may be impeded by the high costs of integration and maintenance.
Defective motors, faulty tracks, and fractured or chipped glass are among the numerous factors that could result in a sunroof not functioning properly or leaking. The installation and repair of sunroofs are expensive. The cost of rain sensors is lower than that of steel or carbon fiber when they are powered by sliding glass panels, aluminum or plastic handles, and other accessories. The weight of the sunroof is increased as a result of the combination of these components into a single plate. Additionally, the market for automobile panoramic sunroofs is anticipated to be stifled by the necessity for extensive maintenance. Additionally, the market’s sluggish growth is further exacerbated by the minimal penetration of power sunroofs in low-segment automobiles.
➤ Opportunities for market expansion may arise as a result of the increasing preference for premium vehicles.
The majority of the populace in both developed and developing countries is transitioning to the acquisition of premium vehicles. This is primarily attributable to an increase in disposable income, an increase in purchasing power, and an improvement in the standard of living. Furthermore, there has been a substantial increase in the demand for automobiles with panoramic sunroofs in the tourism sector and for personal use, in addition to the growing interest in the panoramic sunroof.
➤ The main players may face a challenge in managing issues related to panoramic sunroofs.
Automobiles with a panoramic sunroof have substantially less headroom, despite the fact that everything inside the cabin appears to be more spacious due to the natural light. The interior of the vehicle may be warmer than that of vehicles without a sunroof during the hottest summer months due to the additional glass.
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The Global Automotive Panoramic Sunroof Market is segmented based on product, application and region
Global Automotive Panoramic Sunroof Market: Product Segment Analysis
● Glass
● Fiber
Global Automotive Panoramic Sunroof Market: Application Segment Analysis
● Hatchback
● Sedan
● Sport Utility Vehicle (SUV)
● Battery Electric Vehicle (BEV)
● Hybrid Electric Vehicle (HEV)
● Plug in Hybrid Vehicle (PHEV)
● Others
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The global Respiratory Diagnostics market profiles key players such as:
● CIE Automotive SA
● Aisin Seiki Co. Ltd.
● Inalfa Roof Systems Group BV
● Donghee Industrial Co. Ltd.
● Webasto SE
● Inteva Products
● Yachiyo Industry Co. Ltd.
● Automotive Sunroof-Customcraft (ASC) Inc.
● Magna International Inc
● BOS Group.
???? Recent Developments:
• Kia, a prominent South Korean automobile manufacturer, announced in February 2022 that the new top-of-the-line Kia Seltos model will ultimately include a panoramic sunroof as a standard feature. The company announced that the most recent 2022 Kia Seltos model will undergo several innovative design modifications, including a refurbished front grille, immaculate alloys, and revamped bumpers. In addition to a new selection of color schemes, the highest-end model of this automobile will feature an ADAS (Advanced Driver Assistance System).
• TATA introduced a new panoramic sunroof variant for the Tata Harrier in September 2020, which was priced significantly lower than the Hector. TATA has also incorporated a panoramic sunroof into the lower variant of its Harrier, similar to the Nexon car. Conversely, the Hector’s offerings remained unaltered, providing a panoramic sunroof exclusively in the top-end variant of the vehicle. The sunroof was previously only available in the XZA+ and XZ+ variants of the TATA Harrier.
➤ The global market is anticipated to be dominated by the Europe region during the forecast period.
Throughout the anticipated period, Europe is anticipated to dominate the global automotive panoramic sunroof market, with North America and Asia Pacific following in that order. Major automobile manufacturers are located in Europe, and the majority of automobile brands in the region provide futuristic designs to boost car sales.
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