Global Automotive Panoramic Market is Estimated to Grow About USD 12.74 Billion By 2030

The global automotive panoramic market size 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.Automotive Panoramic Sunroof Market" src="https://www.zionmarketresearch.com/content/uploadedimages/global-automotive-panoramic-market.png" />

Automotive panoramic sunroof is a massive opening on the upper part of the car which enables light and fresh air to enter the automobile. It significantly enhances the overall ride and experience for the passengers sitting in the vehicle not only during the daytime but also at night. This is mainly because of the increased level of comfort a panoramic sunroof provides to passengers by offering exceptional illumination & brightness and favoring better air circulation in the interiors of the vehicle. It can either be colored or transparent and can be operated manually or electrically.

Depending on the type of vehicle, panoramic sunroofs are prevalent in various shapes, sizes, and styles. Various players in the market are developing technologically advanced and lightweight panoramic sunroof solutions which drive the demand for the growth of the industry.

The demand for the global automotive panoramic market is expected to surge exponentially due to a significant surge in the need for comfort, safety, and aesthetic elements in automobiles. Besides, the installation of a panoramic sunroof for better air circulation and as an optional feature for an improved driving experience for the passengers drives the growth of the market.

In addition, an increase in the standard of living among people, a surge in disposable income, and the prevalence of rigorous technological & aesthetic advancements in interiors among eminent automobile manufacturers further drive the growth of the automotive panoramic industry.

Furthermore, an increase in the sales of SUVs and sports utility vehicles with panoramic sunroofs, an increase in the prevalence of solar sunroofs in electric vehicles, and a growing inclination & upsurge in the sales of premium and luxury vehicles create ample opportunities for the growth of the industry. However, extortionate costs of integration and maintenance of panoramic sunroofs and its decreased penetration in low-segment vehicles restrict the growth of the market during the forecast period.

The global automotive panoramic market is segmented based on material type, vehicle type, and region.

Based on material type, the market is bifurcated into fabric and glass. The glass segment held the largest market share in 2021, accounting for about 91 percent of total sales, and is further expected to cite the fastest CAGR during the forecast period. This is mainly due to the prevalence of persistent technological advancements that favors the manufacturing of different forms of glassware such as laminated glass, tempered glass, and other glass that provides the necessary protection against ultraviolet lights. Besides, improvements in sunroof glazing and a surge in the need for a premium and aesthetic look in the interiors of vehicles drive the growth of the segment during the forecast period.

Based on vehicle type, the market is bifurcated into sedan, hatchback, sport utility vehicles, hybrid electric vehicles, battery electric vehicles, and plug-in hybrid vehicles. The passenger car segment held the dominant market share in 2021 and is further expected to exhibit a promising CAGR during the forecast period. The major reason behind the growth of this segment is the presence of cost-effective options. Customers can choose from a wide variety of economical options with increased comfort and superior ventilation. In addition, the overall costs related to the installation and maintenance of sunroofs are also reduced which further drives the growth of the passenger car segment during the forecast period.

Based on region, the Europe region held the largest market share in 2021 and is further anticipated to occupy a dominant status and grow simultaneously at a significant CAGR during the forecast period. This is mainly due to the presence of prominent automobile manufacturers in this region and their tendency to adopt advanced technologies to improve their features and efficiency. The growing popularity of luxury vehicles, rise in disposable income, rise in the standard of living, and inclusion of a variety of innovative features by major automobile manufacturers in this region drive the growth of the market during the forecast period.

This review is based on a report by Zion Market Research, titled “Automotive Panoramic Sunroof Market By Material Type (Glass and Fiber), By Vehicle Type (Hatchback, Sedan, Sport Utility Vehicle (SUV), Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug in Hybrid Vehicle (PHEV) and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/automotive-panoramic-sunroof-market

Recent Developments

• In Feb 2022, Kia, a dominant carmaker based in South Korea, unveiled that the new top-end variant of Kia Seltos will eventually have a panoramic sunroof as a standard feature. The company mentioned that the latest model of 2022 Kia Seltos will make some innovative design alterations such as revamped bumpers, pristine alloys, and a refurbished front grille. The top-spec model of this automobile will also have an ADAS (Advanced Driver Assistance System) along with a new range of color schemes.
• In September 2020, TATA launched a new panoramic sunroof variant for the Tata Harrier at a much lower price to compete with Hector. Just like the Nexon car, TATA has also included a panoramic sunroof in the lower variant of its Harrier, whereas Hector offerings were unchanged that provided a panoramic sunroof only in the top-end variant of the vehicle. The sunroof was previously accessible only in the XZA+ and XZ+ variants of the TATA Harrier.

The global automobile panoramic market is dominated by 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.

Global automotive panoramic sunroof market is segmented as follows:

By Material Type

• Glass
• Fiber

By Vehicle Type

• Hatchback
• Sedan
• Sport Utility Vehicle (SUV)
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug in Hybrid Vehicle (PHEV)
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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