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Automotive Cockpit Electronics Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023.Automotive Cockpit Electronics help improve driving experience by providing extra comfort and increases the safety of both the passengers as well as the driver. The global automotive cockpit electronics market is projected to experience massive growth over the review period between 2017 and 2023. Market Research Future (MRFR) goes on to state in its study of the global market that it will attract significant demand during the forecast period to a number of key factors.
The growth of the global market is driven by the increasing awareness concerning safety and the increasing demand for innovative technologies like heads-up display (HUD). The growth of the market is also driven by the increasing per capita income of the customers and the booming demand for advanced autonomous cars. Owing to the increasing safety features provided by some of the most innovative technologies in automotive cockpit module, cockpit electronics is anticipated to grow during the forecast period at a notably high pace. It is developed to provide added comfort to the driver by creating a highly comfortable environment inside the vehicle and also to provide unmatched safety.
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Market Segmentation
The global automotive cockpit electronics market segmentation is based upon the following components: technology type, vehicle type, product type, and end market.
By product, the market segments into information display, HUD, instrument cluster, infotainment & navigation, telematics, and others. The heads-up display segment is anticipated to dominate the global market in this category during the forecast period owing to the increasing demand for the same in luxury and premium vehicles. Additionally, the growing awareness concerning HUD’s safety features is also projected to push the segment in the near future.
By technology type, the market breaks down into advanced and basic segments. The advanced segment is anticipated to dominate the market during the assessment period owing to its distinctive and beneficial features.
By end-market, the market narrows down into luxury cars, economic passenger cars, and mid-scale priced vehicles. The luxury segment spearheads the market and is forecasted to remain the dominant segment over the forecast period due to the advance features developed in such cars. Automotive OEMs are increasingly focusing on developing high-end cars to attract more consumers. This is thereby pushing the overall growth of the segment.
By vehicle type, the market includes commercial vehicles and passenger cars.
Regional Analysis
Geographically, the global automotive cockpit electronics market covers the following regions: Europe, Asia Pacific, North America, and the Rest of the World (RoW).
The global market is spearheaded by Asia Pacific and is expected to remain the same in the coming years due to the increasing demand of vehicles in emerging nations like India, Japan, and China. The deamdn for cockpit electronics is associated directly with vehicle production. The growing vehicle production is expected to push the demand for cockpit electronics in this region.
Europe is another key region in the automotive cockpit electronics market and stands second in the global landscape. The region is even expected to grow due to the rising ownership of passenger vehicles in Europe. Germany contributes to the European region with the largest market share because of the vast population of passengers and commercial vehicles in this region. The increasing number of passengers and commercial vehicles in Europe is also expected to push the growth of the regional market.
Competitive Landscape
The global automotive cockpit electronics market includes a number of key players. Some of the leading players were identified and mentioned in the report by MRFR are as follows: Robert Bosch GmbH, Johnson Controls, Harman International, Visteon Corporation, Delphi Automotive PLC, Alpine Electronics Inc., IAV, Continental AG, Magneti Marelli, and Denso Corp.
Jan 8th, 2019, one of the leading suppliers globally of vehicle cockpit electronics, Visteon Corporation, announced that it is showcasing a number of new cockpit electronics platforms at CES 2019, Las Vegas. It features some of the recent automotive solutions from Qualcomm Technologies.
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