Artificial Intelligence
Automotive Sunroof Market Size to Hit Around USD 21.74 Bn by 2032
Tokyo, Jan. 18, 2023 (GLOBE NEWSWIRE) — The automotive sunroof market is growing due to the development of advanced technologies by original equipment manufacturers (OEMs). The primary factors driving the global automotive sunroof industry growth are advancements in glass technology and increased demand for safety, comfort, and convenience.
Key Insights:
- Asia-Pacific market has accounted highest revenue share in 2022.
- Europe market has hit second position for the automotive sunroof market in term of revenue.
- The panoramic sunroof type segment has held largest revenue share in 2022.
- The automatic operation segment is expected to grow strongly from 2023 to 2032.
- The glass sunroof material type segment has generated revenue share of 80% in 2022.
- The OEM distribution channels segment has dominated the market in 2022.
- The passenger car segment is expected to grow at a highest CAGR from 2023 to 2032.
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Impact of COVID-19 on the global automotive sunroof market
The automotive sunroofs industry suffered because of the COVID-19 outbreak in 2020. The pandemic has significantly impacted countries such as India, China, and Australia. However, the situation improved after covid due to several factors, including an increased focus by automobile manufacturers on developing new vehicles with advanced features, rising adoption of advanced technologies, and an increase in the number of automobile manufacturers in countries throughout the region.
Market Dynamics
Drivers
Alternative routes for emergencies
Unexpected mishaps are unavoidable in the future. In these situations, having an escape route is essential. This is where vehicles with panoramic sunroofs may appear helpful. When the vehicle becomes flooded or the windows refuse to open, most designs are equipped to entirely remove the glass, providing an alternate route to exit the vehicle safely.
Rising demand for commercial vehicles in the logistics sector and pent-up demand are a few factors that will propel the market in the coming years. Furthermore, the electrification of vehicles, particularly passenger cars, is expected to influence further market growth significantly. According to the Society of Indian Automobile Manufacturers, the passenger car segment had the highest sales volume of 13,466,412 in the fiscal year 2021-22.
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Scope of the Report
| Report Attributes | Details |
| Revenue Forecast by 2032 | USD 21.74 Billion |
| CAGR | 12.11% from 2023 to 2032 |
| Base Year | 2022 |
| Forecast Year | 2023 to 2032 |
| Key Players | Webasto SE, Inalfa Roof Systems B.V., Inteva Products LLC, Aisin Seiki Co., Ltd., Magna International, Inc., CIE Automotive, Wuxi Ming Fang AutoMobile Parts, Wuhu Mosentek Automobile Technology, Yachiyo Industry Co. Ltd, Zhejiang Wanchao Electric Co. Ltd, Johnan Manufacturing Inc. and Others |
Restraint
Influence on the resale value
Since many auto dealers and individual buyers do not want a vehicle with safety issues, aftermarket sunroofs significantly impact the automobile’s resale value. Although some people will be drawn to it, most will avoid it, primarily because it is an aftermarket item that could leak or break at any time.
Sunroofs have grown in size and surface area, which causes them to absorb too much heat, leading to sunroof failure or sunroof-shattering incidents. According to the National Highway Traffic Safety Administration, exploding sunroofs have caused more injuries, which has been a significant restraint for the automotive sunroof market. Between 2002 and 2012, approximately 230 people were killed, and 500 were injured yearly because of ejecting from closed sunroofs.
One limitation of the sunroof market is the possibility of car theft due to sunroofs. Keep windows and sunroofs closed and doors locked to reduce the likelihood of car theft. Unlocked cars account for nearly one-quarter of all vehicle thefts.
Opportunities
Growth in sports as well as luxury vehicle sales
A critical automotive panoramic sunroof market trend expected to impact the industry during the projected period positively is the rising acceptance of sunroofs in sports vehicles. Panoramic sunroofs are available in fixed and openable configurations; allowing sunlight to pass through them increases the vehicle’s brightness. Consumers’ desire for a more comfortable driving experience is expected to propel the demand for automotive panoramic sunroofs. These sunroofs aid in keeping the vehicle aired, maintaining optimal airflow. The panoramic sunroof adds to passenger comfort. Furthermore, rising income and changing consumer lifestyles are expected to fuel demand for automotive sunroofs during the anticipated period.
Challenges
Higher cost and less headroom
The laminar airflow develops into a turbulent top of added drag when the sunroof is open while traveling at high speeds, affecting the vehicle’s aerodynamics. Since it is glass, it has the potential to shatter, and if this occurs, replacement/repairs will become extremely expensive.
Sunroofs influence a vehicle’s mileage which is fuel consumption. The panoramic sunroof weighs 90 kg, while standard sunroof systems weigh between 25 and 35 kg. Sunroofs consume headroom because the sliding roof must go somewhere while it is open. The sunroof in cars, such as an inbuilt sunroof, can reduce headroom space, making passengers uncomfortable. Passengers have more headroom in cars without sunroofs.
Segmentation Insights
Sunroof type landscape
In terms of sunroof type, the panoramic segment held the highest market share in 2022. Various car manufacturers provide panoramic sunroofs to enhance ventilation. The category market share is anticipated to grow due to improved airflow and product upgrades with sun-protective coatings.
The inbuilt segment is expected to grow due to additional functions such as sunshades, vents, and auto close, which improve vehicle comfort. Inbuilt sunroofs, also known as flush-mount sunroofs, are a type of automotive sunroof built into the vehicle’s roof. Since they are made to integrate with the roof seamlessly, built-in sunroofs give the vehicle a sleek and stylish appearance.
Operational landscape
Based on operation, the automatic sector is expected to grow remarkably in the market in 2022. This is due to the rising demand for simple-to-use automobile technologies. The device operates with minimal driver intervention and is used remotely or in conjunction with any vehicle power system.
The manual sunroof must be operated manually using a lever or a crank to assist the glass sliding motion. As a result, the appeal for manual sunroofs has decreased over time.
Distribution channel landscape
Based on the distribution channel, the OEM sector ruled the market. The availability of safety enhanced durability, and improved service with less maintenance, are essential factors driving demand for the OEM segment. Another vital factor propelling the OEM automotive sunroof industry growth is increased auto production.
The aftermarket segment is also predicted to grow significantly in the near future, owing to the high demand for aftermarkets caused by electrical faults or damage to sunroof parts in accidents. Growing car personalization trends and a teenage population demanding aftermarket sunroof installations are two key factors propelling the market for sunroofs.
Material type landscape
In 2022, the glass sunroof segment held the largest market share in term of revenue. The segment’s growth is attributed to technological advancements, which have enabled the manufacture of various kinds of glassware, such as laminated glass, tempered glass, and glass that can protect against ultraviolet rays.
As a result of falling convertible car sales, the market for the fabric segment is expected to decline over the forecast period. Car sales are declining due to high maintenance costs and safety concerns. Membrane structures of fabric segments have a unique fire performance because they do not contribute fuel to the fire. Fabric Membrane covers do not require painting because dust, dirt, and other pollutants wash away with a bit of water.
Vehicle type landscape
Based on vehicle type, the passenger car segment is anticipated to grow significantly due to the introduction of cost-effective options and features such as natural ventilation and increased comfort. The rise in demand for passenger vehicles due to the increase in the middle-income group population and the rise in living standards in emerging countries are the major factors driving the segment’s growth.
The light commercial vehicle market is expected to expand during the predicted period due to the enhanced adoption of sports utility vehicles, particularly in developing countries. The increasing penetration of downsized engines in LCVs drives vehicle prices, propelling the light commercial vehicle (LCV) segment forward. Euler Motors, a supplier of commercial electric vehicles, announced in August 2021 that Flipkart, BigBasket, Udaan, and other e-commerce, hyperlocal, and B2B delivery competitors had an order for 2,500 EVs for intra-city deliveries.
Regional landscape in the global automotive sunroof market
The Asia-Pacific market accounts for a sizable portion of the global automotive sunroof market. This is primarily due to increased automobile production. Carmakers sold 219,421 passenger vehicles in the domestic market in December 2021, a 13% decrease from the previous year, according to the Society of Indian Automobile Manufacturers (SIAM).
Europe is the second-largest market and is expected to increase in the coming years. This is due primarily to the growing popularity of luxury vehicles and OEMs’ proclivity to include features that improve the driving experience.
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Recent developments
- BMW X3 xDrive30i Sport X launched in India in February 2021 for INR 56.5 lakh. The new vehicle is manufactured locally at the BMW Group Plant in Chennai, and the company has announced the availability of the ‘Sport X’ petrol variant of the BMW X3.
- AGC Inc. (AGC) announced in May 2021 that the Lexus RZ, the brand’s first dedicated battery EV model, had implemented its light-control panoramic roof of Low-E coating.
- Webasto SE (Webasto) announced that it had provided PBO 2.0 large bottom-mounted panoramic sunroofs under the WEY brand for Great Wall Motor’s Mocha DHT-PHEV in March 2021.
- In August 2022, about 2300 Golf GTI and Golf R units were recalled by Volkswagen due to an issue with the sunroof button.
Segments Covered in the report
By Sunroof Type
- Inbuilt Sunroof
- Spoiler Sunroof
- Panoramic Sunroof
- Pop-Up Sunroof
- Others
By Operation
- Passenger Cars
- Light Commercial Vehicles
- Automatic
By Material Type
- Glass
- Fabric
By Distribution Channels
- OEM
- Aftermarket
By Vehicle Type
- Passenger Cars
- Lightweight vehicles
- Electric Powered Vehicle
By Geography
- North America
- Europe
- Asia Pacific
- LAMEA
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Artificial Intelligence
Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.
“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
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“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
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“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Identity Governance & Administration Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
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“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
Related Reports:
Privileged Identity Management Market – Global Forecast 2024-2030Identity & Access Management Professional Services Market – Global Forecast 2024-2030Digital Identity Solutions Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Artificial Intelligence
Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms
MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.
SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]
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Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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