Automotive Interior Market worth $153.8 billion by 2025 – Exclusive Report by MarketsandMarkets™

According to the new market research report Automotive Interior Market by Component (Seat, Interior Lighting), Material (Glass Composite, Carbon Composite, Metal, Vinyl, Fabric), Autonomous Driving (Semi-autonomous, Autonomous), Electric Vehicle, Vehicle Type and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Automotive Interior Market is projected to reach USD 153.8 billion by 2025 from USD 123.2 billion in 2020, at a CAGR of 8.8% during the forecast period.

Technological advancements in current generation automotive interior components and the increasing trend of connected and autonomous vehicles are further expected to drive the Automotive Interior Market. Overall, the changing preferences of buyers, improved standards of living, and focus of OEMs to provide comfort and convenience are also expected to drive the growth of the Automotive Interior Market.

Browse in-depth TOC on “Automotive Interior Market”

308 – Tables
66 – Figures
294 – Pages

The COVID-19 pandemic has resulted in halted production and plunging sales and has forced the key players in the global automotive field to rethink their strategies. Rescheduling the launch of models and projects, stabilizing dealer networks, managing cash carefully, and reviewing investment portfolios have affected the production and sales of passenger and commercial vehicles across the globe, which has resulted in a dip in the Automotive Interior Market in 2020 as compared to 2019. The development and implementation of safety features are expected to slow down as well.

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HUD segment, by component, is estimated to be the fastest-growing Automotive Interior Market during the forecast period.

The head-up display (HUD) is a device that displays information about the vehicle and the external environment in the driver’s field of view. It reduces driver distraction and helps the driver to concentrate on the road. The HUD has become a key advanced driver assistance system. The increasing demand for comfort and safety functions has encouraged auto manufacturers to invest in advanced in-vehicle safety functions. The increasing demand for safety functions is encouraging vehicle manufacturers to develop features for mid-segment and economy segment vehicles too. The HUD market growth can be attributed to the high luxury vehicle production capabilities coupled with high demand for luxury and convenience features.

Passenger car segment, by vehicle type, is estimated to be the fastest-growing market during the forecast period.

Due to the higher production of passenger cars than other vehicle segments, the passenger car segment is projected to have the largest share of the Automotive Interior Market during the forecast period. Passenger vehicles require high-quality interiors as compared to LCVs and HCVs due to end-user demand. The amount of money spent on quality, comfort, and styling of automotive interiors is much higher in the case of personal use than commercial use. Also, the increased disposable income in developing countries is driving the growth of the Automotive Interior Market for passenger vehicles. Passenger vehicles are the most focused segment for automotive interior manufacturers. The technologies used in this type of vehicle are frequently changing due to the high demand from consumers for luxury and convenience features. Also, government regulations for emissions and safety for passenger vehicles are frequently changing. The manufacturers must reduce the weight of passenger vehicles and offer comfort and safety at a lower price. Due to the increasing demand for autonomous and electric vehicles, the electronic content is frequently increasing in passenger vehicle interiors, which, in turn, is driving the growth of the passenger car interior market.

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Asia Pacific is estimated to be the fastest-growing market for automotive interior in 2020

Asia Pacific is projected to be the fastest-growing market for automotive interiors. Leading automakers in this region, such as Toyota, Honda, and Hyundai, are embracing the advantages of advanced seating systems, lighting, electronics, and various safety systems, making them essential features across their car models. Major countries in this region, such as ChinaJapanIndia, and South Korea, are anticipated to witness the rapid adoption of new technologies. China, due to its high vehicle production capacity, is expected to significantly contribute to the market growth in Asia Pacific. Increasing demand for a safe, efficient, and convenient driving experience; rising disposable income in emerging economies; and stringent safety regulations across the region are also expected to contribute to market growth.

The Automotive Interior Market is dominated by globally established players such as Continental AG (Germany), Faurecia SA (France), Grupo Antolin (Spain), Marelli (Japan), and Magna International Inc. (Canada), Adient (US), Toyota Boshoku (Japan), Visteon (US), Dräxlmaier Group (Germany), Panasonic Corporation (Japan), and Yanfeng Automotive Interiors (China), among others.

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Automotive Lighting Market for ICE & EV by Technology (Halogen, LED, Xenon/HID), Position & Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting and Region – Global Forecast to 2025

Automotive Seats Market by Type & Technology (Heated-Powered, Heated-Ventilated, Heated-Memory, Heated-Ventilated-Memory, Heated-Ventilated-Memory-Massage), Trim & Frame Material, Component, Vehicle (ICE, Electric,OHV) and Region – Global Forecast to 2025


Securitas AB Interim Report January-September 2020 and reinstated dividend proposal


  • Total sales MSEK 26 501 (28 214)
  • Organic sales growth 0 percent (4)
  • Operating income before amortization MSEK 1 327 (1 574)
  • Operating margin 5.0 percent (5.6)
  • Items affecting comparability (IAC) MSEK -112 (-60), relating to IS/IT transformation programs and the cost savings program in the Group
  • Earnings per share SEK 2.08 (2.56)
  • Earnings per share, before IAC, SEK 2.31 (2.68)
  • Cash flow from operating activities 199 percent (138)
  • Reinstated dividend proposal SEK 4.80 (4.40) per share to be resolved at an EGM in December


  • Total sales MSEK 81 477 (82 642)
  • Organic sales growth 0 percent (5)
  • Operating income before amortization MSEK 3 488 (4 241)
  • Operating margin 4.3 percent (5.1)
  • Items affecting comparability (IAC) MSEK -218 (-126), relating to ­IS­/­IT transformation programs and the cost savings program in the Group
  • Earnings per share SEK 5.18 (6.82)
  • Earnings per share, before IAC, SEK 5.63 (7.07)
  • Net debt/EBITDA 1.9 (2.5)
  • Cash flow from operating activities 163 percent (72)
  • Significant impact and uncertainty related to the corona pandemic

Comments from the President and CEO

The corona pandemic continued to have negative impact on the Group’s operations in the third quarter, but the overall business situation improved compared to the second quarter. The Group’s organic sales growth was 0 percent (4) in the quarter and 0 percent (5) for the first nine months, with all business segments improving during the quarter. The airport security business is still heavily impacted by the corona pandemic, with the largest negative impact in Security Services Europe. We have been able to offset some of the portfolio reductions with increased extra sales, helping our clients with their security needs related to the ­corona pandemic.

Security solutions and electronic security sales was 22 percent (21) of total Group sales. The installation business within electronic security is negatively impacted by the corona ­pandemic, but improved in the third quarter ­compared to the second quarter.

The Group’s operating margin was 5.0 percent (5.6) in the third quarter and 4.3 percent (5.1) in the first nine months, with all business segments behind last year mainly due to the corona pandemic. The operating ­margin was supported by cost saving actions and government grants but hampered by increased provisioning. The price and wage balance was on par in the first nine months.

The operating result, adjusted for changes in exchange rates, declined by 8 percent in the third quarter and by 15 percent in the first nine months. Earnings per share, before items affecting comparability, amounted to SEK 5.63 (7.07).

The Group delivered a strong cash flow in the first nine months, also when excluding the effects from corona-related government support measures. We have re-­initiated acquisition activities and in the third quarter we ­announced the strategically important acquisition of STANLEY Security’s electronic security businesses in five countries. The acquisition was closed on November 2.

In light of the improving financial performance and the solid financial position under a continued prudent approach, the Board of Directors has decided to reinstate the dividend proposal of SEK 4.80 (4.40) per share earlier withdrawn on April 28.

Preparing for a strong future

Although we experienced improvements in the general business environment in the third quarter compared to the second quarter, much uncertainty remains regarding the duration and long-term implications of the pandemic. We maintain focus on our four main priorities to handle the corona pandemic: the health and safety of our employees, ­delivery of our services to our ­clients and supporting their new needs, managing cash flow and cost.

In the second quarter we announced a cost savings program in the Group, addressing the profitability in parts of our business due to the corona pandemic. We have started to implement this program in the third quarter and restructuring costs of MSEK 59 were recognized as items affecting comparability. The first savings will start impacting in the fourth quarter and gradually increase thereafter. We earlier ­estimated a range of ­­restructuring costs of MSEK 350-500 with a payback period of 2 years. The final amount of restructuring will largely depend on changes related to govern­ment grants and the development of the airport security business. We expect to finalize the program at the end of the second quarter 2021.

Despite the challenging situation with the corona pandemic we maintain high focus on our transformation ­programs: the business transformation in Security Services North America and the global IS­/­IT ­trans­­formation. During the third ­quarter, we implemented an important part of the ­business transformation program in Security Services North America. The Securitas team has shown great strength and commitment through­out these difficult times with a strong focus on adapting to our ­clients’ needs. Our resilience, combined with our strong offering of ­protective services and solutions, gives us a ­competitive advantage also in ­­turbulent times.

Magnus Ahlqvist
President and CEO


Analysts and media are invited to participate in a telephone conference on November 3, 2020, at 2:30 p.m. (CET) where President and CEO Magnus Ahlqvist and CFO Bart Adam will present the report and answer questions. The telephone conference will also be audio cast live via Securitas’ website. To participate in the telephone conference, please dial in five minutes prior to the start of the conference call:

US: + 1 631 913 1422

Sweden: + 46 8 566 426 51

UK: + 44 333 3000 804

Please use the following pin code for the telephone ­conference: 621 490 78#

To follow the audio cast of the telephone conference via the web, please follow the link A recorded version of the audio cast will be available at after the ­telephone conference.

For Further Information, Please Contact:

Micaela Sjökvist,
Head of Investor Relations.  
+ 46 761167443


February 4, 2021, 8.00 a.m. (CET)    Full Year Report January-December 2020

May 5, 2021, app. 1.00 p.m. (CET)    Interim Report January-March 2021

May 5, 2021    Annual General Meeting 2021

July 29, 2021, app. 1.00 p.m. (CET)    Interim Report January-June 2021

October 29, 2021, app. 1.00 p.m. (CET)    Interim Report January-September 2021

For further information regarding Securitas IR activities, refer to


Vibration Monitoring Market to Reach $2.17 Billion, Globally, by 2027 at 6.6% CAGR: Allied Market Research

Allied Market Research published a report, titled, “Vibration monitoring Market by Component (Hardware, Software, and Services), System Type (Embedded Systems, Vibration Analyzers, and Vibration Meters), Monitoring Process (Online and Portable), and End Use (Energy & Power, Metals & Mining, Oil & Gas, Automotive, Food & Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027” According to the report, the global Vibration monitoring industry generated $1.33 billion in 2019, and is expected to reach $.2.17 billion by 2027, witnessing a CAGR of 6.6% from 2020 to 2027.

Prime determinants of growth

Growth in awareness toward predictive maintenance, rise in concern related to products safety and functionality, and increase in trend of vibration monitoring through wireless system drive the growth of the global vibration monitoring market. However, high installation cost, lack of skilled workforce, and other technical resources for analyzing and prediction restrain the market growth. On the other hand, the R&D for integration of AI create new opportunities in the coming years.

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Covid-19 Scenario

  • Due to the outbreak of covid-19, the process of vibration monitoring system development has been delayed.
  • The slowdown in industrial growth, on the other hand, has further affected the market growth.

The embedded system segment to continue its leadership status during the forecast period

Based on system type, the embedded system segment accounted for the highest market share in 2019, contributing to more than half of the total share of the global vibration monitoring market, and is estimated to continue its leadership status throughout the forecast period.  In addition, the same segment is estimated to grow at the fastest CAGR of 7.3% from 2020 to 2027. Embedded system comprises of a complete package which provides the user with hardware, software and services provided by the market player and reduces the effort of the buyer. This factor drives the growth of the segment.

The automotive segment to maintain its highest share during the forecast period

Based on monitoring process, the online segment contributed to the largest market share, holding nearly three-fifths of the total share of the global vibration monitoring market in 2019, and is projected to maintain its highest share by 2027. Moreover, this segment is also projected to maintain the highest CAGR of 7.0% during the forecast period. Online monitoring process allows user to connect the devices with IIoT along with providing a real time view on asset for efficient predictive maintenance. This, in turn, proliferates the growth of the segment.

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North America to offer lucrative opportunities-

Based on region, North America contributed to the largest share of the global vibration monitoring market, accounting for nearly three-fifths of the total share in 2019, and will maintain its lead position throughout the forecast period. The region has large number of industries which demands higher deployment of vibration monitoring systems, thereby driving the growth of the market globally. Nevertheless, this Asia-Pacific region is expected to portray at the highest CAGR of 8.0% from 2020 to 2027. Asia-Pacific is one of the fastest growing region in terms of industrial economy, which is why it is anticipated to provide massive contribution to the growth of the global market.

Leading market players

  • National Instruments Corp.
  • Rockwell Automation Inc.
  • Honeywell International Inc.
  • Schaeffler Technologies AG & Co. KG
  • Bruel & Kiaer Sound & Vibration Measurement A/S
  • Analog Devices Inc.
  • SKF AB
  • Emerson Electric Co.
  • General Electric
  • Meggitt PLC

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Greater Than’s solution Enerfy has been selected for Microsoft’s #BuildFor2030 Campaign


Greater Than, the insurtech provider of AI-based risk intelligence, has been selected by Microsoft to showcase Enerfy in their BuildFor2030 Campaign ­- featuring solutions that support the UN’s Sustainable Development Goals.

From late October until the beginning of December, Microsoft will be showcasing partners providing solutions and services supporting the UN’s SDG 13: Climate Action. Greater Than’s solution Enerfy, which prices driving risk and helps reduce CO2 emissions through personalized smart driving tips, is being featured as a top contributor to Climate Action.

“We are delighted to be featured in this campaign, as the topic is very close to our hearts and is at the core of everything we do. Being part of Microsoft’s initiative to showcase partners who provide solutions and services in alignment with the UN’s Sustainable Development Goal is truly a great honor.” – says Johanna Forseke, CBO at Greater Than.

Learn more about our solution in the Azure Marketplace.

What is #BuildFor2030?

With the aim of building an inclusive economy, Microsoft and their partner-led communities are coming together to launch #BuildFor2030. Starting October 30th through December 4th,

Microsoft will be showcasing partners who offer solutions that align with the UN’s various Sustainable Development Goals. The campaign was designed to promote technology that fosters an inclusive, equitable and sustainable economy.


Infosys InStep Ranked as the ‘Best Internship Program’ Three Years in a Row


Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that its flagship global internship program, InStep, was ranked number one in the ‘Best Overall Internship Program’ category in the 2021 Vault Internship Rankings published by—a career intelligence organization. Infosys is the only global organization to have received this ranking three times in a row.

InStep also earned the first rank in the following categories:

  1. Best internship for the Tech and Engineering industry
  2. Best Internship for Quality of Life, Compensation and Benefits, Employment Prospects and Quality of Assignments
  3. Best Internship by role for Computer Science, Software Development and Software Engineering
  4. Best Internship for Overall Diversity

According to Vault’s survey, interns who completed the InStep program mentioned that their top three reasons for choosing the program were career advancement in their chosen industry, networking opportunities, and availing international opportunities.

While announcing the rankings, the Editors at Vault said“The InStep internship program held the top spot for an unprecedented third year in a row. InStep interns gave their programs rave reviews, saying the best parts of their programs included the fantastic people, talks with leaders, interesting projects, ability to make a genuine impact, focus on self-development and new technologies, and continuous mentorship throughout the course of the internship.”

In the wake of the global medical crisis, Infosys InStep is being conducted in a hybrid model this year, with most interns working remotely throughout the course of the program. Infosys InStep has brought together the power of digital platforms and learning tools to ensure the safety of interns and deliver on its commitment to provide them the best learning experience, across geographies. To ensure a seamless interface with project managers, interns have been given access to a customized virtual platform. They also have access to virtual experiences such as live leadership talks, hackathons, networking events, and webinars, ensuring holistic learning throughout the program.

Pravin Rao, Chief Operating Officer, Infosys, said, “As the world adopts new ways of working amid these unprecedented times, Infosys remained committed to delivering an engaging learning experience for students across geographies. This recognition reflects our commitment to provide meaningful opportunities to nurture young talent and build a pool of industry-ready workforce of the future.”

Pawan Sinha, Professor of Vision and Computational Neuroscience, MIT Department of Brain and Cognitive Sciences and Director, MIT-India Program, said, “MIT students who have undertaken internships at Infosys have invariably told us about how impactful the experience was. It gave them a glimpse of cutting-edge R&D and data analytics in a highly collegial and collaborative environment, while being immersed in an incredibly rich culture. For many, it was a transformative experience and one of the highlights of their MIT journey.”

Gonzalo Garland Hilbck, Vice President, Strategic Global Partnerships, IE University, said, “IE University and Infosys have been academic partners for close to a decade now and it gives us immense pride to work with them in their initiatives. Infosys has shown great resilience in the current uncertain global environment, honoring their commitments to the students and the entire academic community, and this has been very inspiring. The internships they provide not only focus on work experience but we witness how students come back enriched by a completely immersive learning experience. We look forward to continuing working together in this partnership with Infosys, and also to explore other co-creative opportunities for the benefit of education.”

Dr. Campbell Wilson, Associate Dean (International) of the Faculty of IT and AiLECS Lab Co-director, Monash University, said, “Congratulations to Infosys on InStep being recognized as the world’s number 1 internship program. Our partnership with Infosys has enabled our students to explore exciting digital careers, and we look forward to building on this collaboration as we continue to nurture the next generation of digital talent in Australia.”

A fully paid internship, InStep provides interns an opportunity to work on real-time projects across corporate functions and business units which includes Financial Services, Strategic Engineering Group, Artificial Intelligence, Data Analytics, Cybersecurity to name a few. Over 186 students from 19 countries and 75 universities joined the InStep FY 20-21 program.