Automotive cockpit electronics market research report 2030
Market insights:
Market research future's study of the global market has
determined significant growth for the global Automotive cockpit electronics
market during the forecast period. Automotive
cockpit electronics market enhances the driving experience by increasing
driving comfort as well as increase safety for both driver and passengers.
Automotive cockpit electronics market is available in nearly
every vehicle as they consist of instrument panels and other important controls
which assist in smooth driving. Relevant information is often displayed in the
automotive cockpit and includes various technologies such as integrated
infotainment systems, driver assistance systems, and instrument clusters.
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Key players
Johnson controls (u.s.), harman international (u.s),
continental ag (germany), robert bosch gmbh (germany), delphi automotive plc
(u.k), visteon corporation (u.s), denso corp. (japan), iav (germany), alpine
electronics inc. (japan), and magneti marelli (italy) are some prominent names
in the global Automotive
cockpit electronics market market , profiled by mrfr.
Innovative technologies such as heads-up display and
increasing demand and awareness of safety in automotive vehicles has
drastically increased the demand for Automotive cockpit electronics market. The
evolution of the driver assistance system and other technologies included in Automotive
cockpit electronics market have also had a significant hand in improving demand
and adoption. Moreover, the presence of a truly impressive demand for
automotive vehicles which is increasing consistently is also a substantial
factor driving the growth of the market. Rapid urbanization and the resultant
increase in disposable incomes have increased the demand for automotive
vehicles, particularly in emerging economies of the globe.
The high safety standards being demanded and employed in
vehicles is another driver of the global Automotive cockpit electronics market. Moreover, the increasing
demand for luxury vehicles has also increased the demand for advanced Automotive
cockpit electronics market. The demand for advanced features in the instrument
panel as well as the innovation around Automotive cockpit electronics market is
expected to reveal market opportunities in the coming years.
Covid-19 impact on the market.
The recent covid-19 pandemic affected the Automotive cockpit
electronics market industry severely. Pandemic-led logistics problems posed
major challenges, such as obtaining raw components and attracting workforces
from quarantine required to develop various systems and delivering end products
to the market. However, the market is gradually picking up and is expected to
grow exponentially further in 2021 and beyond. Also, the market is
projected to witness many innovative product launches during the years to come.
Segment study
The segment analysis of the Automotive cockpit electronics market is
done by product type, end market, technology type, and vehicle type.
The product type-based segments of the Automotive cockpit electronics market are
infotainment & navigation, information display, HUD, telematics, instrument
cluster, and others. The head-up display segment can cause escalation in the
annual revenue generation for the market through the study period. The Automotive cockpit electronics market
surge can be attributed to the continuous increase in the demand for
head-up display in the luxury automobiles and premium vehicles. The increase in
awareness about head-up display safety features can underpin the rise of the Automotive
cockpit electronics market in the years to come.
The technology type-based segments of the advanced Automotive
cockpit electronics market are advance information display, windshield head-up
display, and advance telematics other systems. The windshield head-up display
segment can create high traction which is expected to promote the expansion of
the market in the years ahead.
The end market-based segments of the automotive cockpit
electronic market are oem and aftermarket. The increase in the focus of
automotive oems on the development of high-end display and infotainment systems
in luxury vehicles can drive the automotive cockpit electronic market in the
future.
Regional analysis
Trends of the global automotive cockpit electronic market is
studied across north America, Apace, EU, and the rest of the world. The
increase in the demand for Automotive cockpit electronics market due to the
high sales of automobile can impel the expansion of the Automotive cockpit electronics market in
the Asia pacific region. As per MRFR regional assessment, the automotive
cockpit electronic market in APAC can secure the largest share in of the global
market.
The surge in the Automotive cockpit electronics market in the study period due to
the rise in the demand for vehicle across emerging regions can support the
expansion of the market through the analysis period. The increase in the demand
for Automotive cockpit electronics market module and surge in the production
threshold of vehicles can promote the expansion of the market in the analysis
period.
In Europe, the automotive cockpit electronic market is
anticipated to register the second largest share in the forecast period due to
the increase in the ownership of numerous passenger cars in Europe. Germany can
head EU automotive cockpit electronic market across the review period. In north
America, the high volume of passenger and commercial cars can support the
expansion of the Automotive
cockpit electronics market through the study period. The rise in the
commercial and passenger vehicle can contribute significantly to expansion of
the automotive cockpit electronic market in near future.
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