According to a new report published by UnivDatos Markets Insights, the automotive roof control module market is expected to grow at a CAGR of 9% from 2022-2028. The analysis has been segmented into Vehicle Type (Hatchback, Sedan, and SUV), Roof Type (Regular Sunroof, Panoramic Sunroof, and Convertible Roof), Technology Type (LAN in vehicle communication and CAN in vehicle communication ), and Region/Country.

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The automotive roof control module market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the automotive roof control module market. The automotive roof control module market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the automotive roof control module market at the global and regional levels.

Key Market Opportunities

There is around 6.2 million sunroofs are manufactured around globally, or almost 12% of about 58 million cars and light trucks manufactured annually. The sunroofs penetration rate is increasing at a steady rate and industry leaders are expect that the percentage of vehicles having sunroofs are going to grow to 50% globally over a decade. The sunroof no longer are just a luxurious feature that only some people can afford. Most car buyers actively preferring car buying cars with sunroofs even it costs few extra money and for some it’s a must have feature while buying a car and this increased demand in sunroofs has not gone unnoticed by the manufacturers as well and they are launching updated models of existing cars with sunroofs. A sunroof helps with air circulation within the car, dissipating the air quickly. Sunroofs also come with tinted glass, allowing sunlight to pass through without heating the car too much. The coolness factor among friends and family, especially with children, is unmatched. The sunroof adds a visual appeal as well as a convertible experience with both Sedans and SUVs. The tinted glass on the car's roof adds a luxurious fell to the car. The sunroof is a perfect feature for long drives. One can do star gazing by looking up at the night sky while sitting inside your car comfortably. And also driving, an open sunroof car can give people a feel of a convertible car without the expense associated with it and without sacrificing the whole roof also one can enjoy the breeze with the open sunroof much better than the gust of wind from open windows. And this can also be seen in the recent technological developments that are happening around in the industry. For instance, in Consumer Electronic Show(CES) 2023, BenQ Materials showcased a series of PDLC film(a smart glass technology) car sunroof applications, providing best solution for vehicle space that satisfy requirements of weather resistance, security and see-through, privacy and etc. BenQ Materials PDLC requires only 48V low voltage output, but achieves 70% see-through effect, 95% matte privacy effect, 99% anti-UV performance and 90% anti-infrared performance, creating value-added multiple functions for car sunroofs and enhancing in-car energy efficiency.

FIG. 1        Global Automotive Roof Control Module Market Revenue, by Region 2021 (% Share)

COVID-19 Impact

The Covid-19 pandemic has had a significant impact on the automotive roof control module market. As the government enforced strict lockdowns across the globe stopping the economic activities all over resulting into halt in manufacturing where manufacturers had to shut down their operations and also further escalated into labour crisis and unemployment problem, also since china being the major manufacturer and supplier of different critical parts to the world, was the first-most country that was affected by the COVID-19 crisis has further led to supply chain problem, and countries have also seen major drop in sales of vehicles for example, china experienced a huge fall in sales of about 80%, 47% fall in USA and about 80% fall in Europe, but this crisis has also presented an opportunity to the automobile industry as people got scared of using public transport and started giving preferences of owning and using a personal transport hence increasing the demands.

Segmentation Details:

·        By vehicle type, the market is segmented into hatchback, sedan, and SUV. Among these SUVs had the fastest growth rate in the market in 2021.

·        By Roof type, the market is categorized into regular sunroofs, panoramic sunroofs, and convertible roof. The panoramic sunroof category is expected to grow with a high CAGR during the forecast period.

·        Based on technology type, the market is bifurcated into LIN in vehicle communication and CAN in vehicle communication. The LIN in vehicle communication segment held the dominant share of the market in 2021.

Automotive Roof Control Module Market Geographical Segmentation Includes:

·        North America (U.S., Canada, and the Rest of North America)

·        Europe (Germany, UK, Spain, France, Italy, Rest of Europe)

·        Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific)

·        Rest of the World

Asia Pacific held a dominant share in the market in 2021 owing to highest sales of passenger vehicle in the APAC region. This growth is led by china where, china is the top country in the world by car sales. In 2021, car sold in China was 21.5 million units that accounts for 38.84% of the world's car sales. The top 5 countries (others are Japan, the United States of America, India, and Germany) account for 61.86% of it. The world's total car sales was estimated at 55.3 million units in 2021. Furthermore, another country in APAC region is showing significant amount of growth in their automobile industry which is India, owing to the reasons such as rapid urbanization happening in the country where it is estimated mated that almost 500 million people will become an urban population in India, another reason being rising income of the households and more people are joining the workforce with increasing woman participation in the economy further rising the demand of the mobility and also governments huge capital expenditure plan on infrastructure and immense focus on strengthening the manufacturing industry is providing a support for automobile industry and further paving a path for sustainable growth as automobile sector contributes about 35% to the manufacturing GDP of the country. For instance, as reported by PIB Delhi on Feb 2023, Ministry of Heavy Industries launched PLI Schemes for Automobile and Auto Component Industry and National Programme on Advanced Chemistry Cell (ACC) Battery Storage with a vision to make India self-reliant, PLI Scheme for Automobile and Auto Component Industry’ for this sector with a total budgetary outlay of rupees 25,938 crores(USD 3 billion) over a period of 5years (FY2022-23toFY2026-27). Total expected employment generation and total expected cumulative increase in eligible sales are 1.45Lakh (Direct employment) and rupees 2,31,500 Crore (USD 29 billion), respectively over a period of 5 years.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the automotive roof control module market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.

Recent Developments:

·        In August 2022 Webasto, has acquired Carlex Glass Luxembourg SA in Grevenmacher (Luxembourg). The site manufactures glass elements for passenger cars that are used in sunroofs, windows, wind screen etc.

·        In september 2020 Hyundai announced that they made a panorama airbag system made to prevent and reduce injuries that come from being thrown out of the roof of a car during an accident. This was developed with Hyundai parts supplier, Hyundai Mobis.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the automotive roof control module market?

• Which factors are influencing the automotive roof control module market over the forecast period?

• What are the global challenges, threats, and risks in the automotive roof control module market?

• Which factors are propelling and restraining the automotive roof control module market?

• What are the demanding global regions of the automotive roof control module market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

• What are the descriptive profiles of key companies along with their SWOT analysis?