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.

 

 

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

 

By Application

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

 

By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

 

By Vehicle Fuel Type

• ICE Vehicles
• EV
• Hybrid Vehicles

 

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.

 

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.

 

RECENT TRENDS IN THE 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.

 

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.

 

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