Automotive Panoramic Sunroof Market - Global Industry Analysis

Industry Prospective:

The global automotive panoramic market was worth around USD 2.21 billion in 2021 and is estimated to grow to about USD 4.98 billion by 2028, with a compound annual growth rate (CAGR) of approximately 15.4 percent over the forecast period. The report analyzes the automotive panoramic sunroof market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the automotive panoramic sunroof market.

Automotive Panoramic Sunroof Market: Overview

A panoramic sunroof is a big sunroof that covers a vehicle's whole roof. It's a lot bigger than a regular sunroof, and it can be transparent or colored. A single complete panel of glass or many panels make up this sunroof. The single panel can simply move toward the back of the car when the roof is opened. The many panels will stack on top of every other to the back of the roof opening in the other form. Furthermore, due to a lack of space, this sunroof does not vanish into the vehicle's top. They're meant to block as much of the view as possible, allowing passengers in the front and back seats to experience the sunlight and fresh air.

COVID-19 Impact:

The impact of the COVID-19 pandemic on car production has hampered the growth of the global automotive sunroof market since manufacturing facilities have been shut down and the supply chain has been disrupted in several regions of the world. Many glass and fiber sunroof manufacturers struggled to maintain the demand amid COVID restrictions. However, the market is recovering and expected to grow at a rapid rate over the forecast period.

Automotive Panoramic Sunroof Market: Growth Drivers

Upsurge in a revolution in glass technology and increasing demand for convenience & comfort is likely to boost the market growth.

Increased demand for comfort, safety, and aesthetic elements has resulted in several technical developments in automobiles, including the installation of sunroofs that allow for greater air circulation. A broad range of automobiles with panoramic sunroof features are being introduced by leading automotive manufacturers. In China, for example, Kia Motors Inc., a world-class car manufacturer, has unveiled the new KX3, a sports utility vehicle (SUV). Furthermore, advances in technology can remove fog or ice from windows to improve vision in all weather conditions with improved illumination, hence increasing passenger comfort. As a result, the demand for safety and comfort features in vehicles is increasing, boosting the market for automotive panoramic sunroofs.

Automotive Panoramic Sunroof Market: Restraints

High costs of integration and maintenance may hinder the growth of the market.

Several factors might cause a sunroof to leak or cease operating, including defective motors, faulty tracks, and cracked or chipped glass. Sunroof installation and repair are costly. Rain sensors powered by sliding glass panels, aluminum or plastic handles, and other accessories are less expensive than steel or carbon fiber. These components are combined into a single plate, increasing the weight of the sunroof. They also need extensive maintenance, which is projected to stifle the market for automobile panoramic sunroofs. Furthermore, in low-segment automobiles, power sunroof penetration is minimal which is also contributing to the slow growth of the market.

Automotive Panoramic Sunroof Market: Opportunities

Growing inclination towards premium vehicles may create opportunities for market growth.

Most of the population in developed, as well as developing countries, are shifting towards the purchase of premium vehicles. This is majorly due to an increase in the standard of living, a rise in disposable income as well an increase in purchasing power. In addition to this, rise in passion towards the panoramic sunroof, there is an increase in demand for automotive with panoramic sunroof in the tourism sector as well as for personal use. All such factors may ultimately lead to an increase in sales of sports utility and SUVs vehicle type with panoramic sunroof thereby creating numerous opportunities for the growth of the market during the forecast period.

Report Scope:

Automotive Panoramic Sunroof Market: Challenges.

Management of issues related to panoramic sunroof may act as a challenge for the key players

Despite everything inside the cabin appearing to be roomier due to the natural light, automobiles with a panoramic sunroof have significantly less headroom. The extra glass can make the interior of the vehicle warmer than automobiles without a sunroof during the warmest summer months. Condensation from the windows may bring moisture to seep inside the cabin during the coldest winter months. In addition to this, lighter cars have greater gas mileage, stop more easily, and accelerate more quickly. This implies that the 200 pounds added by the glass roof may have an impact on your overall handling and stability. Thus, to enhance the performance of the automotive, it is essential to address these issues and overcome them which may act as a major challenge for the market

Automotive Panoramic Sunroof Market: Segmentation

The global automotive panoramic sunroof market is segregated based on material type, vehicle type, and region. Based on material type, the market is categorized into glass and fiber. Due to features such as the complete opening of the roof panel, which glides between the metal roof and the interior headliner, the glass segment led the worldwide automobile panoramic sunroof market in 2021, accounting for about 91 percent of total sales. The vehicle type segment of the market is split into a sedan, hatchback, sport utility vehicle, hybrid electric vehicle, battery electric vehicle, and plug-in hybrid vehicle.

Recent Developments

In Feb 2022, Kia, a South Korean carmaker, has unveiled that Kia Seltos Facelift will eventually have a panoramic sunroof as a standard feature.

In September 2020, TATA launched a new panoramic sunroof variant for the Tata Harrier at a much lower price to compete with Hector.

Regional Landscape

Europe is expected to dominate the global automotive panoramic sunroof market throughout the anticipated period, followed by North America and Asia Pacific. Europe is the house of major automobile makers, most of the automobile brands in the region offer futuristic designs to increase the sale of cars. The use of panoramic sunroofs can be seen in cars of major brands like Volkswagen, Audi, BMW, Daimler, Deere, General Motors, and Ford in the region that offers elegant designs, comfort, and safety which is why the demand for automobiles with panoramic sunroofs are increasing rapidly in the European market. On the other side, the popularity of sunroof systems as after-sale customization has increased, particularly among the younger demographic in Asian nations. These factors have had a significant impact on the resurgence of sunroof systems, and they are expected to continue to boost the market in the region.

Competitive Landscape

Major players function in the global automotive panoramic sunroof market includes 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, and 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)

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