Market Research News Global USD 4.92 Billion Automotive Sunroof Market | Page 2

Global Automotive Solar Sunroof Market Overview
Automotive solar sunroof is referred to a sunroof which is equipped with solar
panels. Automotive solar sunroof recharges car battery and provides temperature
control. Automotive solar sunroof helps the car to lower down the temperature up
to 50% without enabling the air-conditioning system. The solar cells installed in the
roof system produce electricity that can be fed directly into the battery by using
intelligent battery management.
Market Size and Forecast
Global Automotive Solar Sunroof Market is anticipated to grow at a robust growth
over the forecast period. Further, the market of automotive solar sunroof is driving
on various factors such as rising demand for renewable source of energy and
growing adoption of automotive solar sunroof due to its various properties.
In terms of regional platform, Europe region captured the largest market of
automotive solar sunroof in terms of revenue in 2016. The region is expected to
continue its dominance during the forecast period owing to growing demand for
eco-friendly energy source and rising government norms to reduce greenhouse
gases.
Asia-Pacific region accounted for the second largest market for automotive solar
sunroof owing to increasing demand for green source of energy to power vehicle.
Moreover, Japan and china are the dominating countries in this region owing to
growing adoption of electric vehicles. Likely, riding on the back of largest automotive
sector and rapid urbanization in Asia-Pacific region are believed to boost the
demand for automotive solar sunroof.
North America region is projected to witness a tremendous growth over the forecast
period. Further, introduction of government regulation to harness solar energy and
rapid advancement of automotive industry are predicted to flourish the growth of
automotive solar sunroof market in this region by the end of 2024. U.S. is expected
to dominate the automotive solar sunroof market in this region during the forecast
period.
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