Automotive Digital Cockpit Market - Current Impact to Make Big Changes During Forecast Period 2022-2030
Market Overview
The global automotive digital
cockpit market is projected to grow at a CAGR of 9.5% during the forecast
period. As per the automotive
digital cockpit market research report, the global market for the
automotive digital cockpit is projected to grow swiftly. According to analysts,
the introduction of adaptive driver assistance systems (ADAS), as well as
demand for advanced automotive cabins, will drive the market growth during the
forecast period. The automotive digital cockpit market research report offers a
comprehensive analysis of the global automotive digital cockpit market and its
propulsion, region, vehicle type, and equipment segments.
The high cost involved in
development along with slow economic growth in some countries are the elements
that could influence the automotive digital cockpit market advancement
throughout the forecast period. The automotive digital cockpit market research
report by expert analysts is developed to assist organizations in the
automotive digital cockpit market.
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Key players active in
the market 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), among others.
COVID- 19 Impacts
The COVID- 19 pandemic affected
the automotive digital cockpit industry severely. Pandemic-led logistics
problems posed major challenges to industry players, such as obtaining raw components
required to develop an automotive voice recognition system, attracting
workforce from quarantine, and delivering end products. However, the automotive
digital cockpit market is gradually picking up and is expected to grow
exponentially during the assessment period.
Market Segmentation
The report is segmented into
equipments, vehicle types, propulsion, and regions. The equipment segment is
sub-segmented into head unit display (HUD), camera-based driver monitoring
system, digital instrument cluster, and others. The vehicle type segment is
sub-segmented into light commercial vehicles (LCV), heavy commercial vehicles (HCV),
and passenger cars (PC).
The propulsion segment is
sub-segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV),
internal combustion engine (ICE), plug-in hybrid electric vehicle (PHEV), and
others. The region segment is sub-segmented into Europe, Americas, Asia
Pacific, and the Rest-of-the-World.
Regional Analysis
Europe accounts for the largest
automotive digital cockpit market value globally. The region is the global hub
for luxuries, and high-end car manufacturers drive the automotive digital
cockpit market growth. Besides, the surging demand for luxury/ premium cars and
SUVs equipped with automotive digital cockpit systems substantiates the market
growth.
The vast presence of major
automotive OEMs and tier-1 suppliers positively impacts the automotive digital
cockpit market share. Additionally, OEMs constantly working on enhancing the
conventional cockpit fosters regional market growth. Germany accounts for the
largest automotive digital cockpit industry in the region, housing the world's
largest luxury car brands.
Continue.......
Industry News
Qualcomm Technologies, Inc. today
launched its next-generation digital cockpit solutions to Qualcomm SnapdragonTM
Automotive Cockpit Platforms on the virtual Automotive Redefined Company:
Technology Show. The automotive digital cockpit is transforming into the zonal
architecture of electronic/electronic computing (E/E), powered by complexity,
cost and central compute consolidation requirements. The Snapdragon Auto
Cockpit Platforms of the 4th Generation were designed to resolve this
transition to a zone architecture as a uniform and multifunctional solution.
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