Global Automotive Cockpit Electronics Market 2022-2027

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    GLOBAL AUTOMOTIVE COCKPIT ELECTRONICS MARKET

     

    KEY FINDINGS

    • The automotive cockpit electronics market is poised to witness a high growth rate by the end of 2025.
    • Advancements in technology have given rise to market competition owing to which major leading organizations are heavily investing in R&D activities.
    • The Automotive Cockpit Electronics market in the U.S. is estimated at US$XX Billion in the year 2021.
    • The instrument cluster features the speedometer along with user-friendly digital devices. Demand for instrument clusters is supported by increasing demand for quality infotainment, riding experience and safety.
    • Growth in the global market is set to be driven by increasing consumer preference for convenience features and enhanced user experience.
    • The integration of sophisticated technologies and government regulations on telematics and increasing connectivity aid in market expansion. The market growth is also bolstered by increasing use of innovative technologies like head-up display and in-car navigation systems.

     

    INTRODUCTION

    The growth in the market is primarily driven by the escalating demand for enhanced safety and comfort features in vehicles.  The market also gets impetus from government regulations formed for safety in the automotive sector.

     

    infographic: Automotive Cockpit Electronics Market, Automotive Cockpit Electronics Market Size, Automotive Cockpit Electronics Market Trends, Automotive Cockpit Electronics Market Forecast, Automotive Cockpit Electronics Market Risks, Automotive Cockpit Electronics Market Report, Automotive Cockpit Electronics Market Share

     

    The introduction of a wide range of sensors along with modern automotive control amenities play a vital role in introducing developments in the automotive cockpit electronics. The global cockpit electronics market comprises luxury goods that are focused on enhancing driving experience by creating a comfortable atmosphere inside the vehicle.

     

    GLOBAL AUTOMOTIVE COCKPIT ELECTRONICS MARKET SEGMENTATION

     

    Automotive Cockpit Electronics Market By Application

    • Head-up Display
    • Information Display
    • Infotainment & Navigation
    • Instrument Cluster
    • Telematics
    • Others

     

    Automotive Cockpit Electronics Market By Vehicle Type

    • Passenger Vehicles
    • Commercial Vehicles

     

    Automotive Cockpit Electronics Market By Vehicle Fuel Type

    • ICE Vehicles
    • EV
    • Hybrid Vehicles

     

    Automotive Cockpit Electronics Market By Geography

    • US
    • Europe
    • China
    • Japan
    • India
    • Latin America
    • ROW

     

    GLOBAL AUTOMOTIVE COCKPIT ELECTRONICS MARKET DYNAMICS

    Some of the major drivers contributing to the overall growth of the automotive cockpit electronics market include increasing consumer awareness regarding advanced technologies, increasing per capita income of consumers, growing demand for technically advanced cars, and changing demand for vehicle electronics from analog to digital.

     

    Advancements in technology have given rise to market competition owing to which major leading organizations are heavily investing in R&D activities. However, complicated hardware and software designs and high expenditure in terms of manufacturing are challenges to the automotive cockpit electronics market.

     

    infographic: Automotive Cockpit Electronics Market, Automotive Cockpit Electronics Market Size, Automotive Cockpit Electronics Market Trends, Automotive Cockpit Electronics Market Forecast, Automotive Cockpit Electronics Market Risks, Automotive Cockpit Electronics Market Report, Automotive Cockpit Electronics Market Share

     

    GLOBAL AUTOMOTIVE COCKPIT ELECTRONICS MARKET SIZE AND FORECAST

    Automotive cockpit electronics represents an area dedicated to instrument panel and controls that allow center stack electronics and information for enhanced safety, convenience, and driving experience.

     

    Buoyed by increasing use of advanced technology, the share of automotive electronics components in vehicles in terms of vehicle cost has gradually increased from just 8-10% to over 30% in the recent years, providing a significant scope of opportunity for automotive cockpit electronics.

     

    Growth in the global market is set to be driven by increasing consumer preference for convenience features and enhanced user experience. Rising disposable income and demand for autonomous vehicles are prompting people to invest in latest car models with advanced electronics that allow users to view information in the line-of-sight, like navigation.

     

    The integration of sophisticated technologies and government regulations on telematics and increasing connectivity aid in market expansion. The market growth is also bolstered by increasing use of innovative technologies like head-up display and in-car navigation systems.

     

    The Automotive Cockpit Electronics market in the U.S. is estimated at US$XX Billion in the year 2021. The country currently accounts for a ~27% share in the global market. China, the world’s largest automotive market, is expected to reach an estimated market size of US$XX Billion in the year 2026.

     

    The US witnessed high penetration rate for automotive navigation systems owing to robust uptake within the light commercial vehicles segment and changing consumer preferences.

     

    The Asia-Pacific region is expected to gain from increasing consumer demand and rising vehicle production. The region is receiving notable contributions from India, South Korea and Indonesia, representing major automobile hubs on the basis of vehicle sales and production.

     

    infographic: Automotive Cockpit Electronics Market, Automotive Cockpit Electronics Market Size, Automotive Cockpit Electronics Market Trends, Automotive Cockpit Electronics Market Forecast, Automotive Cockpit Electronics Market Risks, Automotive Cockpit Electronics Market Report, Automotive Cockpit Electronics Market Share

     

    RECENT TRENDS IN THE AUTOMOTIVE COCKPIT ELECTRONICS MARKET

    • In-dash navigation receivers are highly suitable for travelers, as they are very versatile and can put one in command of a variety of information, entertainment, and communication sources, through a single device.
      • Apart from accessing music through discs, files, or the radio, passengers have been able to access the music and road-ready apps on their smartphones in many cases.
      • Moreover, the receiver’s built-in GPS guidance is often much more reliable than smartphone mapping apps, especially if passengers have been traveling through areas with spotty cell coverage.
    • Some of the advantages, which have been creating a huge demand and interest for these navigation systems among consumers, are as follows 
    • Screen size and resolution – Screens can range from just over six inches measured diagonally, to up to nine inches, in size, but most range between 6.1″ and seven inches.
    • Real-time traffic data – Some systems are compatible with real-time traffic services. Passengers can receive real-time traffic information, including traffic jams, construction, and even average speed of traffic along the programmed routes they have been traveling.
      • These navigation systems not only benefit cross-country travelers, but also people with long commutes to, and from, work.
    • Map Updates – Most in-dash navigation systems enable the passengers to update the maps and navigation data, usually by loading new data into the built-in memory. These map updates are released periodically and reflect the latest map information available.
    • Smartphone Integration – Most in-dash navigation receivers offer touch screen control, and they can be used to match certain smartphone features, including access to helpful travel and streaming music apps.
      • Many receivers now feature “app mode” that allows some degree of control over select apps through the receiver’s display.
      • In some cases, there can be a two-way control between the smartphone and receiver for selecting music and performing other functions; however, the app functionality differs from receiver to receiver.
      • Apple iPhone and Android smartphone users can now take advantage of the Apple CarPlay and Android Auto platforms through select navigation receivers.
    • Thus, owing to the aforementioned benefits, the demand and preference for in-dash navigation systems has been increasing, thereby driving the demand for the automotive cockpit electronics market.

     

    infographic: Automotive Cockpit Electronics Market, Automotive Cockpit Electronics Market Size, Automotive Cockpit Electronics Market Trends, Automotive Cockpit Electronics Market Forecast, Automotive Cockpit Electronics Market Risks, Automotive Cockpit Electronics Market Report, Automotive Cockpit Electronics Market Share

     

    RECENT LAUNCH

     

    Visteon, a leading worldwide technology company servicing the mobility sector, announced the release of its fourth-generation SmartCore cockpit domain controller, a solution designed to help global automakers deliver a more connected, customised, and safe driving experience.

     

    Traditional cluster information displays, safety inputs (internal and external camera feeds), and Android Automotive infotainment ranging from maps and parking to charging locations, as well as enjoyable entertainment experiences for passenger displays, are all part of the modern intelligent cockpit experience.

     

    Visteon’s fourth-generation SmartCoreTM cockpit domain controller unifies all of this data across multiple cockpit displays and can deliver feature upgrades wirelessly over-the-air, eliminating the need to replace hardware and extending the platform’s lifecycle.

     

    Customer deliveries of the new Aito M5 began over the weekend in Shanghai, marking another significant stride for Huawei in the realm of auto manufacturing.

     

    The Aito M5 appears to be a mid-size plug-in hybrid SUV with a look similar to the Porsche Macan. The company’s AITO (Adding Intelligence to Auto) series’ debut model.

     

    The M5, which was created in collaboration with the Chinese manufacturer Seres, is the first production car in the world to be equipped with Huawei’s Harmony OS operating system, so there is where the true significance resides.

     

    This drives the so-called Harmony OS Smart Cockpit, which has a 15.6-inch touchscreen in the centre, a digital instrument cluster, and an infotainment system powered by Huawei.

     

    There are clear connections between this and other Harmony OS-powered products from the company, including the incorporation of its personal assistant Celia and navigation app Petal Maps.

     

    The creation of the allegedly first Bluetooth and NFC (Near Field Connection) capable digital car key in the world is an illustration of the functionality of Harmony OS in the M5.

     

    The digital key for unlocking and locking the automobile on Harmony OS phones is kept in the Huawei Wallet app and functions even when the phone battery is low without the need for a physical key.

     

    GLOBAL AUTOMOTIVE COCKPIT ELECTRONICS MARKET  NEW ACQUISITION

     

    Visteon Corporation has agreed to purchase Johnson Controls’ automotive electronics unit for $265 million in cash, subject to adjustments. The transaction is expected to close after receiving regulatory and other consents and approvals. 

     

    Visteon’s competitive position in the fast-growing vehicle cockpit electronics category will be strengthened by the acquisition, which will increase its worldwide scale, production and engineering base, product portfolio, and client penetration. The combined company will be a $3 billion global electronics company with a No. 2 global position in driver information and above-average category growth rates, serving nine of the world’s top ten vehicle manufacturers. 

     

    The business to be acquired by Visteon earned around $1.3 billion in revenue and $58 million in EBITDA in the fiscal year just finished (earnings before interest, taxes, depreciation and amortization). This EBITDA includes a $12 million deduction for corporate allocations that will not be transferred as part of the deal.

     

    Visteon will determine whether additional resources at its corporate headquarters are required to support this activity. With projected yearly cost synergies, the deal provides prospects for long-term margin development through economies of scale.

     

    The deal has no bearing on the company’s previously announced $1 billion share repurchase programme, of which $875 million is still available.

     

     

    AUTOMOTIVE COCKPIT ELECTRONICS MARKET COMPETITIVE LANDSCAPE

    Major companies operating in the automotive cockpit electronics market are Robert Bosch GmbH, Visteon Corporation, Alpine Electronics Inc, Panasonic Corporation, Continental AG, Garmin Ltd, DENSO CORPORATION, Harman International Industries Inc, Clarion Company Ltd, Delphi Automotive Plc, among others. These companies are making new investments to improve their technology in order to retain their competitiveness in the industry.

     

    AUTOMOTIVE COCKPIT ELECTRONICS MARKET COMPANY PROFILES

    1. Visteon Corporation
    2. Panasonic Corporation
    3. Harman International Industries Inc.
    4. Clarion Co. Ltd
    5. Alpine Electronics Inc.
    6. Continental AG
    7. Magneti Marelli SPA
    8. Yazaki Corporation
    9. Denso Corporation
    10. Garmin Ltd
    11. Nippon-Seiki Co. Ltd
    12. Tomtom International BV
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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