Pune, India, April, 2019/MRFR Press Release/- Market Research Future published a half-cooked research report on the global automotive digital cockpit market. The global automotive digital cockpit market is expected to witness ~9.5% CAGR during the period, 2022 to 2030.
Engineers around the world are concentrating on developing intelligent, reliable, and effective driver safety systems. These systems are designed to offer the utmost safety to the driver inside the vehicle by providing displays sets, cameras, sensors, and instrument clusters. Furthermore, various features of the digital cockpits, such as multimodal operability, fast access, and customization of the menu structure on the display sets as well as the remote software upgrading techniques are some of the key factors driving the global automotive digital cockpit market.
The global automotive digital cockpit market is also driven by the introduction of innovative technologies for advanced user interfaces. Along with this, the introduction of connected cars and hardware consolidation is opening the new growth opportunities for the global players in the automotive digital cockpit market. Moreover, the government of various countries are taking initiatives to increase the sales of electric vehicles. In countries such as India, Singapore, Indonesia, and Brazil, the governments have planned to investment more and welcomed several electric vehicles manufacturers to set up manufacturing plants, thereby creating ample opportunities for automotive digital cockpit providers.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Digital Cockpit Market Research Report
Drivers: Automotive Digital Cockpit Market
Market Research Analysis
In terms of region, the global market for automotive digital cockpit is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Europe is estimated to hold the largest market share during the forecast period owing to the constant re-engineering of the safety systems, offered in the luxury and high-end vehicles to augment the driver’s safety. Additionally, the new emission standards regulated by the government is increasing the adoption of electric vehicles among consumers. Unlike conventional vehicles, the electric vehicles easily supply the constant power to the digital cockpit system, making them suitable for digital cockpits. Thus, these factors are expected to drive the automotive digital cockpit market in the Europe over the forecast period.
Rise in vehicle production of conventional and electric cars in Asia-Pacific, majorly in China, India, and Japan is expected to fuel the demand of automotive digital cockpit market in the near future. Furthermore, the presence of reputed developers, designers, manufacturers, and marketers of display systems in Japan is expected to attract the global automotive OEMs and tier-1 suppliers to invest in the country.
Scope of the Report
This study provides an overview of the global automotive digital cockpit market, tracking four market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global automotive digital cockpit market by equipment, vehicle type, propulsion and region.
The prominent players in the global automotive digital cockpit market include Robert Bosch GmbH (Germany), Continental (Germany), Denso Corporation (Japan), Panasonic Corporation (Japan), Faurecia (France), Aptiv (Ireland), HARMAN International (US), Pioneer Corporation (Japan), Nippon Seiki Co., Ltd (Japan), and Visteon Corporation (US).