Automotive Sunroof Market Size & CAGR (2023-2031)

The automotive sunroof market size is projected to reach US$ 28.63 billion by 2031 from US$ 12.34 billion in 2023. The market is expected to register a CAGR of 11.09% in 2023–2031. The demand SUVs across the globe is increasing thus aiding the growth of sunroof market. The popularity of SUVs remains to grow in almost every market in the world.

Automotive Sunroof Market Analysis

The automotive lighting ecosystem consists of the following major stakeholders, namely: raw material suppliers, automotive lighting manufacturers/OEMs, and end-users. The raw material suppliers include vendors who provide key raw materials components for automotive lighting such as copper, aluminum, LEDs, and Laser diodes, among others. Automotive lighting manufacturers/OESs such as Osram-Continental, Lumileds, Hella, Valeo, and Automotive-Lighting, among others, integrate and develop automotive lighting for various types of vehicle types. Automotive OEMS share the vehicle-specific headlight, taillight, and signaling lights or blueprints with the vendors. The vendors come up with unique quotations to bid for the supplier's agreement. The vendor who got selected then provides the vehicle-specific lighting systems throughout the tenure of the tender agreement. OEMs integrate these lighting components into their final vehicle.

Automotive Sunroof Market Overview

Currently, LED matrix lighting solutions dominate the total automotive lighting implementations. The matrix laser technology is anticipated to further enhance roadway illumination through its high resolution characteristics. The matrix laser technology is based on the LaserSpot for high-beam lamps. With the matrix laser technology, it has become possible to converge the projector technology in the headlamps of the passenger cars. The luminance factor of the lasers is approximately five-times greater than other light sources available in the market, and therefore, the laser headlamps provide higher beam ranges to the vehicle drivers. The beam range of a typical laser headlight ranges above 500 m. The BMW i8 and BMW 7 are the other car series of passenger cars that feature laser-integrated headlights.

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Automotive Sunroof Market: Strategic Insights

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Automotive Sunroof Market Drivers and Opportunities

Increasing sales of premium cars in China

Along with the increase in sales, the market scenario changes rapidly. in the earlier generation, consumers used to purchase premium c vehicles mainly to reflect their social status, but the increasingly sophisticated new generation of buyers is expressing other reasons for buying premium autos for the need of luxury and smart technologies. According to the study conducted by the China Association of Automobile Manufacturers, female population is playing an vital role in the premium car segment of China. In their study, it was found that when selecting a vehicle model, women value safety features, exterior styling, and comfort, over the attributes favored by their male counterparts, such as socially recognized premium brands, powertrain technology, and bigger models. All such factors are anticipated to drive the demand for sunroof in sedans and SUVs.

Penetration in Hatchback and C class vehicles

Sunroof incurs cost and adds extra to the standard/lower trim of a car. Most of the sunroof are electronically controlled and contain motors, shades, switches, and glass panels. However, pop-up sunroof is mechanical and can add to the car's aesthetic looks. With the rising demand for sunroof among the middle class of the developing countries, the pop- up sunroof can turn out to be an excellent choice. These types of sunroof dignify to maintain the car's cost low and can be more approachable to buyers with less budget. Thus, pop-up sunroof offers a huge opportunity towards reaching the mass market in developing nations.

Automotive Sunroof Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive sunroof market analysis are type, material, and application.

• Based on type, the automotive sunroof market has been divided into Slide-in Sunroof, Slide-out, Sunroof Panoramic Sunroof, and Pop-Up. The slide-in sunroof segment held a larger market share in 2023.
• Based on material, the market is segmented into Fabric and Glass. The glass segment held the largest share of the market in 2023.
• Based on vehicle type, the market has been divided into Premium Cars, SUVs and Sedan Cars. The sedan cars segment held a larger market share in 2023.

Automotive Sunroof Market Analysis by Geography

The geographic scope of the automotive sunroof market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The scope of the automotive sunroof market report encompasses North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). In terms of revenue, Europe dominated the market share in 2023. APAC is the second-largest contributor to the global market, followed by North America. Type (Slide-in Sunroof, Slide-out, Sunroof Panoramic Sunroof, Pop-Up); Material (Fabric and Glass); Application (Premium Cars, SUVs and Sedan Cars)

Automotive Sunroof Market Regional Insights

The regional trends and factors influencing the Automotive Sunroof Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automotive Sunroof Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive Sunroof Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive Sunroof Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Automotive Sunroof Market are:

1. Webasto Group
2. Yachiyo Industry Co. Ltd.
3. ACS France SAS
4. Aisin Seiki Co. Ltd
5. Automotive Sunroof-Customcraft (ASC) Inc

Disclaimer: The companies listed above are not ranked in any particular order.

Automotive Sunroof Market News and Recent Developments

The automotive sunroof market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for automotive sunroof market and strategies:

• On November 2023, Minda Corporation Limited (referred to as “Minda Corp” or the “Company”; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda, a leading automotive components supplier to OEM’s and tier 1 customers has entered into agreement for forming a Joint Venture (JV) with HSIN Chong Machinery Works Co. Ltd. (HCMF) from Taiwan, a leading global manufacturer of automotive Sunroof and closure systems. This partnership aims to provide cutting-edge technology backed by state-of-the-art manufacturing in Sunroof and Closure Technologies for passenger cars by localization in India. (Source: Minda Corporation Limited, Press Release/Company Website/Newsletter)

Automotive Sunroof Market Report Coverage and Deliverables

The “automotive sunroof market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed Porter’s Five Forces analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles with SWOT analysis