According to Markets And Markets' ‘Automotive Control Panel Market by Components, Vehicle Type (Passenger Cars, LCV & HCV), and by Region (Asia-Pacific, North America, Europe & Row) - Global Forecast to 2021', the market is projected to grow at a CAGR of 8.10 percent, from USD 74.65 Billion in 2016 to USD 110.18 Billion by 2021.

The growing trend of vehicle electrification, increasingly stringent safety norms, and demand for enhanced cabin comfort are driving the Automotive Control Panel Market.

As per the report, Asia-Pacific is estimated to lead the automotive control panel market. OEMs in this region are enhancing their technologically capabilities and are thus able to offer better interior facilities for vehicles. The sales statistics for Asia-Pacific indicate promising growth potential, due to the increased comfort and safety levels in premium and luxury cars. North America is estimated to be the second-largest market for automotive control panels. The North American market is primarily driven by the increasing demand for enhanced comfort and convenience features.

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