The need for reliable information while driving vehicles is a key aspect that is motivating the automotive digital cockpit market. The insights into the industry of automobiles are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. The digital cockpit market is on track to gain a 9.5 % CAGR in the course of the forecast period.
The rise in automotive OEMs is leading to the improving integration of digital cockpits with safety systems in many automobile types. Also, the increased popularity of automotive infotainment systems is anticipated to create a favorable space for the expansion of the automotive digital cockpit market in the coming period.
The segmental assessment of the automotive digital cockpit market is conducted on the basis of vehicle type, equipment, region, and propulsion. Based on the equipment, the automotive digital cockpit market has been segmented into digital instrument cluster display type, advanced head unit, camera-based driver monitoring system, and head-up display (HUD). Based on the vehicle type, the automotive digital cockpit market has been segmented into light commercial vehicles, passenger cars, and heavy commercial vehicles. Based on the propulsion, the automotive digital cockpit market has been segmented into battery electric vehicle (BEV), internal combustion engine (ICE), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicle (PHEV). Based on the regions, the automotive digital cockpit market is segmented into Europe, North America, Asia Pacific, and other global regions.
Detailed Regional Analysis
The assessment of the regions in the automotive digital cockpit market has been segmented into Europe, North America, Asia Pacific, and other global regions. The European region is appraised to hold the well-known market share through the forecast period due to the incidence of main automotive OEMs and tier-1 dealers. The OEMs are continually employed on increasing the normal automotive cockpit. On the other hand, the Asia Pacific region is projected to observe considerable development in the global market for automotive digital cockpit, as the consumer demand for progressive user experience in the mid-priced and economy division passenger cars is continually escalating.
The upturn in the performance of domestic markets is expected to have a favorable impression on the growth of the market. The ability to successfully satisfy the demand forces will require the industry to excel in several areas. the variation of the workforce can enable the successful implementation of growth strategies in the market. The need to keep the market practices in sync with the environmental concerns that are looming is expected to promote the overall sustainability of the market. It is also noted that the cooperation by the governments around the world in terms of relaxation of several barriers and the institution of constructive strategies is expected to put the market on a track for unparalleled development. The limitations in the market are constantly being studied so that breakthroughs to remove them can be undertaken.
The renowned contenders in the automotive digital cockpit market are Continental (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Faurecia (France), Aptiv (Ireland), HARMAN International (US), Panasonic Corporation (Japan), Nippon Seiki Co., Ltd (Japan), Pioneer Corporation (Japan), and Visteon Corporation (US).
Jan 2020 Samsung Electronics has recently unveiled it’s Digital Cockpit 2020, which makes use of 5G to link elements inside and outside the vehicle and offer a connected experience for motorists and travelers. The solution permits a unified two-way connection between the office, the home, and all the other spaces that customers may visit while offering a tailored experience and in-car infotainment.
Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.