LONDON--(BUSINESS WIRE)--The global automotive panoramic sunroof market is expected to post a CAGR of close to 10% during the period 2019-2023, according to the latest market research report by Technavio. However, the market’s momentum will decelerate in the coming years because of the decrease in the year-over-year growth.
A key factor driving the growth of the global automotive panoramic sunroof market size is the adoption of smart glass technology in panoramic sunroofs. Smart glasses have gained immense popularity in the automotive industry and are increasingly being used in modern vehicles. Smart glass modifies the properties of light based on the variations in light intensity, heat, and voltage fluctuations. It has a laminated glazing which does not pose any security issues. Furthermore, smart glass is lightweight, and thus helps to increase the fuel efficiency of vehicles. Smart glass technology is witnessing increased adoption in panoramic sunroofs as they are large, transparent glass panels, which cover the entire front and rear side of the vehicle cabin. Thus, the adoption of smart glass is expected to fuel the growth of the automotive sunroof market size during the forecast period.
As per Technavio, the development of the panoramic sunroof airbag system will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global automotive panoramic sunroof market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Automotive Panoramic Sunroof Market: Development of Panoramic Sunroof Airbag System
Panoramic sunroofs are prone to the shattering or sunroof ejection, particularly during vehicle crashes or accidents. Thus, vendors in the market are focusing on developing panoramic sunroof airbag aimed at reducing incidents and helping to enhance consumer confidence. Therefore, it is a significant development targeted towards reducing the risk of fatalities caused by sunroofs. Technavio’s automotive panoramic sunroof market analysis report identifies the development of sunroof airbag system as one of the key trends in the market during the forecast period.
“Apart from the development of panoramic sunroof airbag system, other factors such as the development of solar sunroofs for electric vehicles, and the growing popularity of polycarbonate will have a significant impact on the automotive sunroof market growth during the forecast period,” says a senior analyst at Technavio.
Global Automotive Panoramic Sunroof Market: Segmentation Analysis
This market research report segments the global automotive panoramic sunroof market by application (SUV, sedan and hatchback, and others), and geographic regions (North America, APAC, Europe, South America, and MEA).
The North American region led the automotive panoramic sunroof market in 2018, followed by APAC, Europe, South America, and MEA respectively. The growth of the automotive panoramic sunroof market in North America can be attributed to factors such as the growing adoption of automotive technologies, and the increasing need for OEMs to differentiate themselves in the highly competitive automotive market in the region.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.