Automotive Interior Market by Component (Cockpit Module, Flooring, Door Panel, Automotive Seat, Interior Lighting, and Other), by Vehicle Type (Passenger Car and Commercial Vehicle)- Global Opportunity Analysis and Industry Forecast, 2020 – 2030

"Market Definition:
The Global Automotive Interiors Market was valued at USD 215.30 billion in 2019 and is estimated to garner USD 384.60 billion by 2030, at a CAGR of 5.30% during the forecast period, from 2020 and 2030.
Automotive interiors are explicitly designed for providing comfort, grip, and sound insulation to vehicle cabin, with advanced safety features for the driver. Interior of the vehicle cabin consists of infotainment system, body panels, headliners, cockpit modules, door panels, and automotive seats, among others. The interior components play a vital role in enhancing the performance of automotive, gives the vehicle an aesthetic appeal and increases its saleability. Moreover, vehicle interior is the first and foremost factor that influences a buyer’s perception regarding the quality of a vehicle.
Market Dynamics and Trends
The growth of the global automotive interior market is attributed to increasing focus on safety of the drivers, inclination towards fuel-efficient light weight models, growing demand for premium vehicles with luxurious automotive interiors, advancements in product technology, and modernizing of automotive infrastructures. Additionally, benefits such as enhanced safety features, advanced global position system (GPS), in-vehicle equipped gadgets, growing use of AI and Internet of Things (IoT) in automotive improves driving experiences by fuelling the overall global automotive interior market growth.
However, high cost of raw materials, growth in trade war, increase in automotive import tariffs, and lack of efficient recycling processes restrict to the automotive interior market. On the otherhand untapped developing markets in emerging economies, growing demand for premium vehicles, adoption of advanced technology by market players, and rising disposable income globally are creating lucrative opportunities in the global automotive interior market.
Market Segmentations and Scope of the Study:
The global automotive interior market is segmented based on component, vehicle type, and geography. On the basis of component, the market is segregated into flooring, cockpit module, door panel, interior lighting, automotive seat, and other. The cockpit module segment it further divided into Infotainment system, instrument cluster, telematics, and others. In terms of vehicle type, the market is bifurcated into passenger car and commercial vehicle. The commercial vehicle segment is sub-segmented into Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV). Based on geography, the global automotive interior market is classified as North America, Europe, Asia-Pacific, and Rest of World (RoW).
Geographical Analysis
North America is expected to account for the major market share of the global automotive interior market due economic feasibility of premium vehicles, high dependence on automotive for personal transport, and implementation of strict regulatory standards regarding fuel-economy.
The market in Asia-Pacific is estimated to expand at the highest CAGR during the forecast period owing to advancements in in-vehicle infotainment, rise in the demand for passenger vehicles, willingness of consumers to spend on premium interiors, and substantial increase in the number of manufacturing facilities in this region.

Competitive Landscape

Key players in the automotive interior market include Adient, Calsonic Kansei Corp., Faurecia Interior System, Grupo Antolin, Hyundai Mobis Company, IAC Group, Lear Corporation, Robert Bosch, Visteon Corporation, and Yanfeng Automotive Interiors. The players adopt strategies such as product launches, partnerships, and collaborations as their key strategies to gain market share.
In March 2020, Yanfeng Automotive Interiors partnered with SemsoTec GMBH to enhance in-vehicle Human Machine Interface (HMI) into all surfaces of automotive interiors. Yanfeng is a leading global automotive supplier, and SemsoTec is an expert in displays and control units.
KEY MARKET SEGMENTS:
• Global Automotive Interior Market – By Component
o Cockpit Module
 Infotainment System
 Instrument Cluster
 Telematics
 Others
o Flooring
o Door Panel
o Automotive Seat
o Interior Lighting
o Other
• Global Automotive Interior Market – By Vehicle Type
o Passenger Car
o Commercial Vehicle
 Light Commercial Vehicle
 Heavy Commercial Vehicle
• Global Automotive Interior Market – By Geography
o North America
 U.S.
 Canada
 Mexico
o Europe
 UK
 Germany
 France
 Russia
 Rest of Europe
o Asia-Pacific
 China
 India
 Japan
 Australia
 Rest of Asia-Pacific
o RoW
 UAE
 Saudi Arabia
 South Africa
 Brazil
 Remaining Countries
KEY PLAYERS:
• Adient, Calsonic Kansei Corp.
• Faurecia Interior System
• Grupo Antolin
• Hyundai Mobis Company
• IAC Group
• Lear Corporation
• Robert Bosch
• Visteon Corporation
• Yanfeng Automotive Interiors.
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