Market Research Future Insights
The Global Automotive Digital Cockpit Market is estimated to be worth USD 31.86 Billion by 2030, registering a 9.5% CAGR during the forecast period (2022- 2030).
In-depth examination of the current & future trends, market expansions, regional conditions, market size, growth drivers, limitations, and key players overview along with their business details. Reported historical data from 2017 to 2022 and makes available the forecast data from the year 2023 to 2032 which is based on their revenue status. This Study provides global markets improvement trends, hostile vision assessment, key region developments, policies, plans are discussed, and manufacturing strategies are also discussed.
Introduction of market factors, after COVID impact analysis, Porter’s five forces, supply/value chain, competitive landscape, product matrix, peer analysis, and company profiles.
The Automotive Digital Cockpit is the assemblage of digital instruments in addition to the infotainment system and one or two digital displays. It is applied in automobiles to improve the driving experience by providing better access to maps and media utilizing wireless connectivity in vehicles, HMI applications, and infotainment devices.
It finds its usage in the automobile industry. Presently, the digital cockpit has become an essential and highly attractive component in vehicles. A digital cockpit is an important vehicle part developed to deliver safety to the driver by providing them the accurate information. It is installed in the vehicle to tender the best experience of a reliable vehicle for the customer. A driver can access media and map information over instrumental clusters installed inside the vehicle in this digital cockpit.
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The automotive OEMs tender customized digital cockpits with steering-wheel-mounted controls or a voice-control touch screen to operate the vehicle, delivering an effortless driving experience to the driver and providing better vehicle functionality. The enhanced infotainment system features and the constant advancements in vehicle safety features are awaited to boost up the digital cockpit demand.
Accordingly, it will upsurge the Automotive Digital Cockpit Market growth for the forecast period. The boosting number of connected vehicles is expected to thrust the growth of the automotive digital cockpit market in the coming years.
Regional Analysis
The Global Automotive Digital Cockpit Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Asia Pacific pacified the market for the automotive digital cockpit and counted for the largest revenue share of 54.6% in 2020. It is expected to continue its dominance over the forecast period with a CAGR exceeding 10.0%. This growth is ascribed to the increasing production and sales of passenger vehicles in the region.
In Europe, the market has accounted for a considerable share of the overall automotive digital cockpit market. The region is a manufacturing hub for major premium vehicle manufacturers and automotive OEMs.
North America, especially The United States, will still play a significant role that cannot be ignored. Any differences in the United States might affect the development trend of Automotive Digital Cockpit.
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Market Segmentation
The Global Automotive Digital Cockpit Market is segmented into the following types;
By Vehicle Type:
- Light commercial vehicle
- Passenger car
- Heavy commercial vehicle
By Equipment:
- Digital instrument cluster display type
- Advanced head unit
- Head-up display (HUD)
- Camera-based driver monitoring system
By Propulsion:
- Hybrid electric vehicle (HEV)
- Battery electric vehicle (BEV)
- Plug-in hybrid electric vehicle (PHEV)
- Internal combustion engine (ICE)
Key Players
The Global Automotive Digital Cockpit Market’s prominent key players are Robert Bosch GmbH (Germany), Continental (Germany), Denso Corporation (Japan), Panasonic Corporation (Japan), Faurecia (France), Aptiv (Ireland), HARMAN International (US), Pioneer Corporation (Japan), Nippon Seiki Co. Ltd (Japan) and Visteon Corporation (US).
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