Global Automotive Digital Cockpit Market was valued at US$ 12.3Bn in 2019 and is expected to reach US$ 37.6Bn by 2027, at a CAGR of 14.9% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Growing the demand for automotive control functions which are accessible by the driver is rising in automobiles, owing to wide-ranging use of sensors and modern automotive control amenities in passenger cars. The cockpit electronics market is majorly driven the increasing demand for enhanced user experience and convenience features also the upsurge in connected vehicles and the integration of smartphones with vehicles.
The auto manufacturers are facing challenges concerning safety requirements, as a result, the government regulation towards passenger safety and the environment has become more stringent done the recent years. Several recent advanced features, like electronic stability control (ESC), advanced driver assistance systems (ADAS), anti-lock braking system (ABS), and tire pressure monitoring systems (TPMS) have boosted the automotive cockpit electronics market globally.
Based on vehicle type, the passenger vehicle segment is estimated to hold the largest market share. The growing demand for connected car features in a passenger vehicle and the advent of semi-autonomous and autonomous vehicles are expected to drive the market growth in the vehicle segment.
In terms of equipment, the camera-based driver monitoring system segment to grow at a major rate during the forecast period. The growth of this segment can be attributed to the growing trend of human-machine interface inside the vehicle. A number of accidents occur owing to driver fatigue and drowsiness.
Region-wise, Europe accounted for the largest digital cockpit market share during the forecast period. As the presence of major automotive enterprises is spending more on R&D projects, which in turn is driving the growth of the automotive cockpit electronics market in the Europe region. Germany is expected to account for the largest market share during the forecast period owing to a large number of passenger and commercial vehicle in this region. The rise in the passenger and commercial vehicle is expected to result in the growth of the region in the future.
A recent development in automotive digital cockpit market: In September 2018, Visteon Premieres Industry-First SmartCore Cockpit Domain Control on All-New Mercedes-Benz A-Class. SmartCore powers the vehicle's instrument cluster and infotainment displays over a seamless and native HMI i.e. human-machine interface.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Automotive Digital Cockpit Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Automotive Digital Cockpit Market.
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Global Automotive Digital Cockpit Market, By Equipment
• Digital Instrument Cluster
o Digital Instrument Cluster Display Type
Liquid Crystal Display (LCD)
Organic Light Emitting Diode (OLED)
Thin Film Transistor-Liquid Crystal Display (TFT-LCD)
• Advanced Head Unit
• Head-Up Display (HUD)
o HUD Type
• Camera-Based Driver Monitoring System
Global Automotive Digital Cockpit Market, By Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
Global Automotive Digital Cockpit Market, By Electric Vehicle
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
Global Automotive Digital Cockpit Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in the Global Automotive Digital Cockpit Market
• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• Hyundai Mobis
• Magneti Marelli
• Calsonic Kansei Corporation
• Desay SV
• Magna International
• HARMAN International
• ZF Friedrichshafen
• Japan Display, Inc
This Report Is Submitted By : Maximize Market Research Company
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