Automotive Sun Visor Market Revenue to Attain USD 3.78 Bn by 2033

02 Dec 2024

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Table of Content

1. Automotive Sun Visor Market Revenue and Trends 2023 to 2033 2. Market Overview 3. Report Highlights of the Automotive Sun Visor Market 4. Automotive Sun Visor Market Trends 5. Regional Outlook 6. Automotive Sun Visor Market Coverage 7. Market News

Automotive Sun Visor Market Revenue and Trends 2023 to 2033

The global automotive sun visor market revenue was evaluated at USD 2.49 billion in 2024 and is expected to attain around USD 3.78 billion by 2033, growing at a CAGR of 4.74% during forecast period. The rising demand for efficient and technologically advance automobile products with the integrated and multifunctional properties are driving the advancement in the products and the accelerate the growth of the market.

Market Overview

The automotive sun visor is one of the major parts of the automobile in terms of safety. The sun visor helps minimize the chance of getting caught in accidents due to the blurry vision of drivers due to the direct sunlight. The sun visor can hinder the direct entrance of sunlight into the vehicle. It helps protect the interiors and the electronics of the vehicles, and it helps cool down the inner temperature of the vehicles. The rising intervention of the leading players in the advancement of technology and material of the sun visor for the longevity and efficiency of the product is driving the growth of the market.

Report Highlights of the Automotive Sun Visor Market

• By vehicle, the passenger vehicle segment dominated the market in 2023. The rising population over the globe and economic stability is driving the demand for the luxury and convenience in lifestyle which drives the demand for the passenger vehicles and contributes on the increasing demand for the sun visors. 
• By vehicle, the commercial vehicle segment is expected to witness significant growth in the market during the forecast period. The rising industrialization and the demand for faster and more efficient supply chain management are driving the demand for commercial vehicles and the demand for sun visors to maintain safety norms. 
• By material, the vinyl segment led the global market in 2023. Vinyl material is highly capable of resistance to sunlight and wear and tear resistance, with cost-efficiency over the other materials driving the adoption of the vinyl material segment. 
• By material, the fabric segment will witness substantial growth in the market during the predicted period. Fabrics like nylon are the ideal choice for the manufacturing of automotive sun visors due to their UV resistance and longevity. 
• By component, the conventional segment accounted for the largest share of the market in 2023. The increased preference for conventional sun visors due to their ease of use, cost efficiency, and durability is driving the demand for the segment. 
• By component, the LCD segment is expected to grow notably in the market during the forecast period. The rising adaptation of technologies over the traditional form of sun visors. LCD sun visors have multifunctional usage and advantages over conventional or traditional sun visors, which boost their demand. 

Automotive Sun Visor Market Trends

Increasing manufacturing units

The rising investment by the leading players on the development of the automobile manufacturing units in the different countries owing to the rising demand for the automobile with the integrated advanced features are accelerating the growth of the market.

Rise in the electric vehicles

The rise in electric vehicles and the awareness regarding the environmental impacts of carbon emissions by the excessive use of gasoline vehicles over the years are shifting consumer preference toward electric vehicles due to their zero-carbon emitting properties and sustainability.

Urbanization across the world

Rapidly growing urbanization and the economic stability in the population are driving the demand for personally owned vehicles for ease of transportation and convenience. The changing lifestyle preferences and the demand for luxury and convenience are driving the advancement in the manufacturing units of the automobile.

Transportation activities

The increasing industrialization and the rising transportation activities for the logistics, supply chain, and passenger road transportation such as buses, travel, and others are accelerating the demand for enhanced safety features for passenger and commercial vehicles and accelerating the growth of the automotive sun visor market.

Regional Outlook

North America dominated the automotive sun visor market in 2023. The growth of the market is attributed to the rising demand for the automotive industry, and the availability of the leading market players in countries like the United States and Canada is driving the growth of the market. The region is the early adopter of change in industry and components; the early adoption rate of the technologies over the traditional concepts and the continuous investment in the development of the automobile and their components in the region. 

Asia Pacific will witness the fastest growth in the automotive sun visor market during the forecast period owing to the continuous rise in population and economic development in countries like India, China, and Japan, resulting in increased disposable income in the population, changing lifestyle preferences, and demand for comfort and convenience in their daily lives are driving the growth of the automobile industry. Additionally, there is a rising foreign investment in the development of manufacturing units in regional countries.

Automotive Sun Visor Market Coverage

Market News

• In January 2024, Gentex Corporation started the new initiation with the latest research and development activities in the new partnership agreement with the strategic acquisition and wide range of products. All the products will be showcased through interactive displays, product simulators, and integrated vehicles, which enable consumers to experience technologies in realistic settings. 

Market Segmentation

By Vehicle

• Passenger Vehicle
• Commercial Vehicle

By Material

• Fabric
• Vinyl
• Others

By Component

• Conventional
• Lcd

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