Automotive Digital Cockpit Market - Global Industry Analysis

Automotive Digital Cockpit Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-6716 Status : Upcoming

Description

Global Automotive Digital Cockpit Market: Overview

A digital cockpit is the installation of a digital instrument along with an infotainment system with single or multiple digital screens in addition to knobs in a vehicle to facilitate safe and reliable information to the driver. The digital cockpit provides access to maps and media with the help of wireless connectivity, instrumental clusters, and applications which improves the driving experience along with focus and attention on the road. The digital cockpit has become an attractive and integral component of the vehicle.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Automotive Digital Cockpit Market: Growth Factors

The high adoption rate of pollution sensors, infotainment systems, telematics, navigation, the internet of things, and safety sensors in the vehicle is likely to be a primary factor for the growth of the global automotive digital cockpit market. In addition, the high demand for convenience, safety, and comfort in vehicles, particularly in developed economies, will complement the growth of the market. However, the growing demand for luxury cars and autonomous vehicle technology will also widen the scope of digital cockpits. The digital cockpit system is transforming massively by adopting new functionality and safety features along with improved entertainment options. Digital cockpits solutions comprise digital interfaces that permit OEMs to bypass the limitations of analogue instrument clusters. Suppliers and automotive OEMs with digital interfaces can design innovative interfaces which possess the capability to offer an appropriate illustration to depict real-time data. The digital interfaces further encourage multiple safety-critical features like ADAS. Adoption of advanced technologies like gesture control systems, steering mounted controls, telematics, central controls, particularly in the passenger vehicles, with an initiative to offer security and safety benefits along with comfort and luxury will attract the customer and fuel the demand for global automotive digital cockpit market. The demand for digital cockpits along with connected infotainment solutions is growing at a rapid pace in the automotive market. In addition, the distinct cockpits are likely to gain immense traction over the forecasted period as it is creating several lucrative growth opportunities in the global automotive digital cockpit market. However, several car manufacturers are launching advanced and sophisticated digital cockpit solutions to widen their customer base.

Global Automotive Digital Cockpit Market: Segmentation

The global automotive digital cockpit market can be segmented into vehicle type, display technology, equipment, and region.

By vehicle type, the market can be segmented into commercial vehicles and passenger cars. The passenger car segment accounts for the largest share in the global automotive digital cockpit market due to the surging demand for features of the connected car in passenger vehicles. In addition, the advent of the autonomous vehicle is likely to augment the growth of the segment in the forthcoming years. Also, the automotive manufacturers are emphasizing offering an enhanced user experience, which in turn is likely to scale up the demand and utilization of digital cockpits globally.

By display technology, the market can be segmented into OLED, TFT-LCD, and LCD. The TFT LCD display segment dominates the global automotive digital cockpit market as they are widely used in digital displays to satisfy durability and temperature standards. Also, OEMs combine TFT and LCD in displays according to the function of the display and temperature sensitivity in vehicles.

By equipment, the market can be segmented into the head-up display, driving monitoring system, and digital instrument cluster. The driving monitoring system segment holds the largest share in the global automotive digital cockpit market. These systems are referred to as infotainment systems that are used in the wide range of interactive features like cabin climate control, navigation, entertainment, safety and security features like advanced driver assistance systems. However, manufacturers are emphasizing to provide advanced driving monitoring system solutions, particularly in mid-segment vehicles, thereby it is likely to propel the growth of the segment over the forecast period.

Global Automotive Digital Cockpit Market: Regional analysis

Asia Pacific accounts for the largest share in the global automotive digital cockpit market due to the high production and sales of passenger vehicles in the region. In addition, the growing demand for automobiles, along with the increasing disposable income of the people, is likely to fuel up the medium size premium and luxury car segment in the region, which in turn will accentuate the growth of the regional market manifolds.

Europe is expected to be the fastest-growing region in the global automotive digital cockpit market as the region is considered a hub of premium automotive OEMs and vehicle manufacturers. A huge chunk of car manufacturers in the region install features like advanced automotive display in vehicles which is likely to promote the growth of the regional market exponentially in the forthcoming years.

Global Automotive Digital Cockpit Market: Competitive Players

Some of the significant players in the global automotive digital cockpit market are Visteon Corporation, Robert Bosch GmbH, Pioneer Corporation, Panasonic Corporation, Hyundai Mobis, HARMAN International, Garmin Ltd., Faurecia, Denso Corporation, and Continental AG.

Global Automotive Digital Cockpit Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content

Choose License Type

Request the coronavirus impact analysis across industries and markets

FrequentlyAsked Questions

The high adoption rate of pollution sensors, infotainment systems, telematics, navigation, the internet of things, and safety sensors in the vehicle is likely to be a primary factor for the growth of the global automotive digital cockpit market. In addition, the high demand for convenience, safety, and comfort in vehicles, particularly in developed economies, will complement the growth of the market.

Some of the significant players in the global automotive digital cockpit market are Visteon Corporation, Robert Bosch GmbH, Pioneer Corporation, Panasonic Corporation, Hyundai Mobis, HARMAN International, Garmin Ltd., Faurecia, Denso Corporation, and Continental AG.

Asia Pacific accounts for the largest share in the global automotive digital cockpit market due to the high production and sales of passenger vehicles in the region. In addition, the growing demand for automobiles, along with the increasing disposable income of the people, is likely to fuel up the medium size premium and luxury car segment in the region, which in turn will accentuate the growth of the regional market manifolds.

HappyClients

Office Address

Corporate Office

Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social