Revolutionary Trends in Automotive Cockpit Electronics Market 2030: Opportunities, Challenges, Strategies & Forecasts 2030
Market Insights:
Automotive cockpit electronics are 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 also includes various technologies such as integrated
infotainment systems, driver assistance systems, and instrument clusters.
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 enhance the driving experience by increasing driving
comfort as well as increase safety for both driver and passengers.
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. The
evolution of the driver assistance system and other technologies included in
automotive cockpit electronics 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. The demand for advanced
features in the instrument panel as well as the innovation around automotive
cockpit electronics is expected to reveal market opportunities in the coming
years.
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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, profiled by MRFR.
COVID-19 Impact on the Market
The recent COVID-19 pandemic affected the automotive cockpit
electronics 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 in the years to come.
The technology type based segments of the advanced 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, APAC, EU, and the Rest of the World. The increase
in the demand for automotive cockpit electronics 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 cockpit electronics 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.
Continue.......
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