Automotive Digital Cockpit Market Overview:
The Global Automotive Digital Cockpit Market Size is estimated to be worth USD 363.2 Billion by 2032, registering a 9.50%
CAGR during the forecast period (2023- 2032).
The Automotive Digital Cockpit is the assemblage of
digital instruments in addition to the infotainment system and one or two
digital displays. It is applied in automobiles to improve the driving
experience by providing better access to maps and media utilizing wireless
connectivity in vehicles, HMI applications, and infotainment devices.
It finds its usage in the automobile industry.
Presently, the digital cockpit has become an essential and highly attractive
component in vehicles. A digital cockpit is an important vehicle part developed
to deliver safety to the driver by providing them the accurate information. It
is installed in the vehicle to tender the best experience of a reliable vehicle
for the customer. A driver can access media and map information over
instrumental clusters installed inside the vehicle in this digital cockpit.
The automotive OEMs tender customized digital
cockpits with steering-wheel-mounted controls or a voice-control touch screen
to operate the vehicle, delivering an effortless driving experience to the
driver and providing better vehicle functionality. The enhanced infotainment
system features and the constant advancements in vehicle safety features are
awaited to boost up the digital cockpit demand.
Accordingly, it will upsurge the Automotive Digital
Cockpit Market growth for the forecast period. The boosting number of connected
vehicles is expected to thrust the growth of the automotive digital cockpit
market in the coming years.
Key Players
· Faurecia (France)
· Aptiv (Ireland)
· Continental (Germany)
· Robert Bosch GmbH (Germany)
· Panasonic Corporation (Japan)
· Denso Corporation (Japan)
· HARMAN International (US)
· Visteon Corporation (US)
· Pioneer Corporation (Japan)
·
Nippon Seiki
Co., Ltd (Japan)
Regional Analysis
The Global Automotive Digital Cockpit Market is
divided into five regions; North America, Asia Pacific, Europe, Latin America,
and the Middle East & Africa.
Asia Pacific pacified the market for the automotive
digital cockpit and counted for the largest revenue share of 54.6% in 2020. It
is expected to continue its dominance over the forecast period with a CAGR
exceeding 10.0%. This growth is ascribed to the increasing production and sales
of passenger vehicles in the region.
In Europe, the market has accounted for a
considerable share of the overall automotive digital cockpit market. The region
is a manufacturing hub for major premium vehicle manufacturers and automotive
OEMs.
North America, especially The United States, will
still play a significant role that cannot be ignored. Any differences in the
United States might affect the development trend of Automotive Digital Cockpit.
Market Segmentation
The Global Automotive Digital Cockpit
Market Share is segmented into the following types;
By Vehicle Type:
- Light
commercial vehicle
- Passenger
car
- Heavy
commercial vehicle
By Equipment:
- Digital
instrument cluster display type
- Advanced
head unit
- Head-up
display (HUD)
- Camera-based
driver monitoring system
By Propulsion:
- Hybrid
electric vehicle (HEV)
- Battery
electric vehicle (BEV)
- Plug-in
hybrid electric vehicle (PHEV)
- Internal
combustion engine (ICE)
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