Increasingly Connected World, the Future of Passenger Vehicle Interiors Lies In the Seamless Integration

A car's headliners, cockpit modules, door panels, auto seats, and other interior parts are designed to improve stability, comfort, and sound insulation. The quality of the interior, the trims, and other embellishments have a big impact on how marketable a car is. The majority of the automotive interior market is expected to be made up of the seat segment during the forecast period because seats are a necessary component of any passenger or commercial vehicle. The sedan segment is also dominating the Indian auto interior market because owning a car is increasingly seen as a sign of social status. Because sedans offer more space and better interior designs, consumers are willing to pay more for them.

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Data Bridge Market Research analyses that the Passenger Vehicle Interior Market is valued at USD 1,425.15 million in 2022, and will reach USD 2,376.39 million by 2030, growing at a CAGR of 6.6 % during the forecast period of 2023 to 2030. Safety and convenience features play a crucial role in passenger vehicle interiors. The integration of advanced technologies like driver-assistance systems, connectivity solutions, and intelligent controls enhances the overall driving experience, leading to increased demand for these features in passenger vehicles.

Key Findings of the Study

Emphasis on interior aesthetics is expected to drive the market's growth rate

Emphasis on interior aesthetics is driven by the increasing importance of creating a visually appealing and luxurious environment inside passenger vehicles. Consumers are seeking a premium and comfortable driving experience, and the design and aesthetics of the cockpit module play a significant role in fulfilling these expectations. Automotive manufacturers are investing in innovative and visually attractive interior designs, integrating high-quality materials, and incorporating advanced lighting and styling elements to enhance the overall ambiance and appeal of the passenger vehicle interior.

Report Scope and Market Segmentation

Segment Analysis:

The passenger vehicle interior market is segmented on the basis of components, engine type, vehicle type and model of channel, and material type.

• On the basis of component, the passenger vehicle interior market is segmented into cockpit module, central console, door panel, interior lighting, dome module, flooring, automotive seats, interior lightening, centre stack, rear seat entertainment, seat, adhesives, and tapes,  others. The cockpit module segment is estimated to dominate the component segment of the market with a CAGR of 6.6% in the forecast period of 2023 to 2030 due to its critical role in providing a functional and comfortable driving environment. It integrates various components such as instrument panels, steering systems, controls, and displays, offering an ergonomic and user-friendly interface for drivers.

In 2023, the cockpit module segment is estimated to dominate the component segment of the market

In 2023, the cockpit module segment is estimated to dominate the component segment of the market owing to the encompassing various critical components such as instrument clusters, infotainment systems, control panels, and HVAC systems. The integration of these components into a single module improves functionality, aesthetics, and user experience, making them highly sought after by vehicle manufacturers and consumers with a CAGR of 6.6% in the forecast period of 2023 to 2030.

• On the basis of engine type, the passenger vehicle interior market is segmented into hybrid and electric vehicle, ICE. The internal combustion engine (ICE) segment dominates the Indian passenger vehicle interior market due to the higher number of traditional fuel-powered vehicles compared to hybrid and electric vehicles in the forecast period of 2023 to 2030.
• On the basis of vehicle type, the passenger vehicle interior market is segmented into economic cars, mid segment cars, luxury segment cars. The mid-segment cars segment dominates the India passenger vehicle interior market due to the higher demand for affordable and feature-rich vehicles in this category in the forecast period of 2023 to 2030.
• On the basis of mode of channel, the passenger vehicle interior market is segmented into OEM, aftermarket. OEM segment is estimated to dominate the mode of channel segment growing with a CAGR of 5.9% in the forecast period of 2023 to 2030 due to responsible for manufacturing and supplying vehicles with pre-installed interior components.

In 2023, the OEM segment is estimated to dominate the mode of channel segment

In 2032, the OEM segment is estimated to dominate the mode of channel segment owing to the in charge of producing and supplying vehicles with interior parts already in place with a CAGR of 5.9% in the forecast period of 2023 to 2030.

• On the basis of material type, the passenger vehicle interior market is segmented into leather, fabric, vinyl, wood, glass fiber composite, and carbon fiber composite, metal. The leather segment dominates the India passenger vehicle interior market due to its luxurious and premium appeal. Leather offers a high-end aesthetic, durability, and comfort, making it a preferred choice for the interior upholstery of mid-segment and luxury cars in the forecast period of 2023-2030.

Major Players

Data Bridge Market Research recognizes the following companies as the major passenger vehicle Interior market players in passenger vehicle interior market are Continental AG (Germany), Varroc Group. (India), Antolin (Spain), HELLA GmbH & Co. KGaA (Germany), FORVIA Faurecia (France), NTF GROUP. (India)

Market Development

•  In 2022, A joint venture between Sony and Honda was announced. Sony Honda Mobility will sell electric vehicles by 2025 and offer mobility services.
• In 2022, The highly anticipated New City e: HEV was unveiled by Honda Cars India Limited, a major premium automaker in India.
• In 2022, General Motors and Honda announced a new collaboration to co-create a line of reasonably priced electric vehicles. The new EVs will be built using next-generation Ultium battery technology and a new global architecture.
• In 2022, Jeep also proposed that Jeep Grand Cherokee 2022 model may have two rear seat infotainment screens with a screen in the dashboard for the front-seat passenger to interact with the driver's navigation system.
• In 2022, Toyota launched its new segment Tundra TRD truck, powered by the 3.5-liter V6 twin-turbo hybrid engine. The pickup truck's interior seems promising from a consumer's point of view.
• In 2022, Rivian launched its new electric pickup truck considering all the requirements of critical consumers. This newly launched pickup truck is equipped with decorated ash wood on the dash infotainment system board.

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