According to a new report published by Transparency Market Research, the increasing sales of premium vehicles and SUVs is estimated to drive the automotive panoramic windshield market during the forecast period, i.e., 2018-2026. A panoramic windshield improves visibility and the appearance of the vehicle.
Adoption of panoramic windshield is in the nascent phase. It is gaining popularity in developed regions and is likely to take more time in developing regions owing to its high cost and the low rate of adoption of advanced technology in these regions. On the basis of sales, the global automotive panoramic windshield market is segmented into OEMs and aftermarket. Presently, the OEMs segment is expected to dominate the automotive panoramic windshield market due to the presence of major OEMs.
In terms of region, the global automotive panoramic windshield market is segregated into North America, Europe, Asia Pacific, and Middle East & Africa. North America, among these regions, is estimated to dominate the global automotive panoramic windshield market during the forecast period. Rise in sales of luxury vehicles, implementation of stringent safety norms, high rate of adoption of latest technology, and the presence of major manufactures in North America are the key factors driving the automotive panoramic windshield market in the region during the forecast period. The market in Europe and Asia Pacific is also expanding rapidly owing to the rising adoption of high standard equipment, presence of major automobile manufacturers and demand for comfort among consumers in these regions.
Key players operating in the global automotive panoramic windshield market are included in this report and these are American Glass Products and AGC Glass Europe. In 2017, AGP manufactured the largest ever windshield in the history of passenger vehicles.
To know more about each segment of the automotive panoramic windshield market and the overall market outlook, click here.
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