Automotive Digital Cockpit Market Research Report - Global Forecast till 2030

Automotive Digital Cockpit Market Research Report: Information by Equipment (Digital Instrument Cluster, Advanced Head Unit, and Camera-Based Driver Monitoring System), by Vehicle Type (PC and LCV), by Propulsion (BEV, HEV, and PEV), and by Region - Forecast till 2030

ID: MRFR/AM/6286-HCR | 100 Pages | Published By Sejal Akre on March 2023         

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Automotive Digital Cockpit Market

Automotive Digital Cockpit Market Size is expected to cross USD $31861.21 Million by 2030 at a CAGR of 9.5% during the forecast period 2022-2030

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)
Key Players
Companies Profiled   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)    Visteon Corporation (US)
Market Driving Forces   New product launches and R&D Amongst major key Players    Consumer demand for advanced user experience in the mid-priced and economy segment passenger cars is constantly increasing
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Automotive Digital Cockpit Market Synopsis:

The global automotive digital cockpit market is estimated to witness a 9.5% CAGR during the forecast period.

A digital cockpit is an important vehicle part developed to provide safety to the driver by availing them the accurate information. It is installed in the vehicle to offer the best experience of a reliable vehicle for the customer. A driver can access media and map information through instrumental clusters installed inside the vehicle in this digital cockpit.

In addition, the digital cockpit is helpful for the driver to keep their attention on the road by improving their focus. It includes HUD augmentation that shows the relevant information related to driving in their direct vision field. Along with that, the automotive OEMs are getting pushed due to the introduction of adaptive driver assistance systems (ADAS) for the safety of drivers. These advanced features are compelling automotive OEMs to integrate safety systems with digital cockpits, increasing the advanced automotive cabins demands in the vehicles. Moreover, other advanced assistance features are developed for the better safety of the drivers where the digital cockpits are paired with infotainment systems and a cluster of digital instruments.

The automotive infotainment systems get access to different functions due to the digital cockpits, and these functions are the integration of third-party driver assistance system, 2D/3D map display, voice guidance, location search, marker sets, hybrid position, route guide, player, route planning, and route learning. Moreover, the intelligent cloud mirror is also comprised through the digital cockpit, which supports mainstream hardware platforms. This can be linked with different features such as entertainment (HD video player, online music appreciation, FM network radio, photo browser, and FM audio transmitter), convenience (online or offline navigation, one-key navigation, Bluetooth call, voice interact, drive recorder, one-key car insurance service, and road rescue), and safety (ADAS, anti-theft, face recognition, tired driving notification, rear car image, and radar speed warning).

COVID-19 Impact Analysis

The unprecedented COVID-19 pandemic has affected many marketing farms, and the global Automotive Digital Cockpit Market is one of them. The global pandemic has disrupted the supply chain and affected productive facilities. Along with that, the production volumes plummeted, and shipments got delayed, which has experienced the global market a huge loss. The overall growth volume of the Market has slowed down for the year 2020.

The Automotive Digital Cockpit Industry report mentions that the business dynamics changed in 2020. The key players have adopted new strategies to fuel the growth of the Automotive Digital Cockpit Industry. In the present scenario, the global market is expected to grow the market share for the forecast period.

Competitive Landscape Analysis

According to the Automotive Digital Cockpit Market Trends report, the global market has huge competition among the key players. They are working effectively to enhance the Market growth. These competitive key players are:

  • 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).

These competitive market players are adopting different promotional and strategic ideas to boost the Automotive Digital Cockpit Market Growth in the upcoming years.

Recent Developments

  • In January 2021, Qualcomm Technologies, Inc. and General Motors have announced their strategic partnership to deliver next-generation telematics systems, digital cockpits, and Advanced Driver Assistance Systems (ADAS) for future vehicles. 

  • In March 2021, Faureciaand Immersion Corporation has announced their strategic partnership. This partnership has aimed to enhance interactive haptic user interfaces with the Immersion Corporation's latest innovations.

Automotive Digital Cockpit Market Dynamics

  • Major Drivers Of The Market

The automotive OEMs offer customized digital cockpits with steering-wheel-mounted controls or a voice-control touch screen to operate the vehicle, giving an effortless driving experience to the driver and giving better vehicle functionality. The advanced infotainment system features and the constant advancements in vehicle safety features are predicted to boost up the digital cockpits demand. Accordingly, it will grow the Automotive Digital Cockpit Market Growth for the forecast period.

On September 6, 2017, the H.B. 3388, Safely Ensuring Lives Future Development and Research in Vehicle Development (SELF DRIVE) Act have been passed by the U.S. House of Representatives, which has boosted the growth of the Automotive Digital Cockpit Industry for the forecast period.

  • Significant Opportunities For The Market

The current trends like the introduction of connected or autonomous vehicles, electrification, and hybridization are generating lucrative opportunities for the software solutions providers like automotive Human-Machine Interface (HMI). This is because of its high-resolution infotainment systems in automobiles and digital instrument clusters installation.

Moreover, the global Market has more growth opportunities due to the increasing research and development and new product launches amongst major key players.

  • Market Restraints

The global Market might experience restraints due to the drivers' lack of awareness about the advanced feature of the automotive digital cockpit.

Moreover, the higher cost of the automotive digital cockpit and increasing product demands might bring restraints to the global Automotive Digital Cockpit Market.

  • Market Growth Challenges

The global Market might face challenges due to the current pandemic situation. The global pandemic has affected productivity and disrupted the supply chains, bringing more challenges to the global Market.

  • Cumulative Growth Analysis

The global Market has shown significant growth in the previous year's reports. It has further predicted to grow Market Size for the forecast period.

Further, the regional growth of the countries like Europe and the Asia Pacific can witness the higher Market Size for the assessment period. 

Automotive Digital Cockpit Market Segment Overview

The global Automotive Digital Cockpit Market is segregated based on vehicle type, equipment, and propulsion.

  • By Vehicle Type:

The global Market has been divided into light commercial vehicles, passenger cars, and heavy commercial vehicles based on the vehicle type segment.

Out of all, the passenger car segment is predicted to generate the higher Market Size in terms of value and volume for the research period.

  • By Equipment:

The global Market has been classified into digital instrument cluster display type, advanced head unit, head-up display (HUD), and camera-based driver monitoring system based on the equipment segment.

The camera-based driver monitoring system segment is predicted to show the significant Market Share rate for the research period.

  • By Propulsion:

Based on propulsion, the global Market has been segregated into the hybrid electric vehicle (HEV), battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and internal combustion engine (ICE).

All these propulsions are effective in their functionality and quality. Hence, these segments contribute moderately to growing the Automotive Digital Cockpit Market Share for the assessment period.

Regional Analysis

Based on geographical locations, the global Automotive Digital Cockpit Market has been segregated into various major regions like Asia-Pacific, North America, Europe, and the Rest of the World. 

Out of all, the European regional market is expected to account for the prominent Market Share for the forecast period due to tier-1 suppliers and major automotive OEMs in the region. Moreover, these OEMs are developing the conventional automotive cockpit with their collective hard work. Apart from that, the Asia-Pacific regional market is expected to generate substantial Market Growth for the forecast period due to the constantly increasing demands of economy segment passenger cars and increasing advanced user experience demands by consumers in the mid-priced.

Report Overview

According to the Automotive Digital Cockpit Market Trends report, the global market has included extensive primary research methods to understand the market performance on a large scale. Moreover, the report has involved a detailed analysis of quantitative and qualitative aspects to get deeper insights into the industry and market performance. For this, various key leaders' opinion and industry experts' opinion has been taken further. The present Market scenario has been discussed clearly, including technological advancement, macroeconomic, forecasted market size in volumes and values, and the market's governing factors.

The Automotive Digital Cockpit Market Trends report has also highlighted some comprehensive information regarding the top company strategies across the industry. Apart from that, the report has covered different regions, market dynamics, and different market segments.

Segmental Table:

By Vehicle Type:

  • light commercial vehicle, 

  • passenger car, 

  • heavy commercial vehicle

By Equipment:

By Propulsion:

  • hybrid electric vehicle (HEV), 

  • battery electric vehicle (BEV), 

  • plug-in hybrid electric vehicle (PHEV), 

  • internal combustion engine (ICE)

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 31861.21 Million
  CAGR   9.5% CAGR (2022 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Equipment, Vehicle Type, Propulsion
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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).
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Consumer demand for advanced user experience in the mid-priced and economy segment passenger cars is constantly increasing

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Frequently Asked Questions (FAQ) :

9.5% is the growth rate the market can expect to achieve in the coming years.

Emergence of connected cars as well as hardware consolidation ensures that the market has a smooth run in the near future.

Faurecia (France), Visteon Corporation (US), Panasonic Corporation (Japan), HARMAN International (US), Continental (Germany), Pioneer Corporation (Japan), Robert Bosch GmbH (Germany), Aptiv (Ireland), Nippon Seiki Co., Ltd (Japan), Denso Corporation (Japan), are the top companies in the market.

Europe can emerge as the leading market for automotive digital cockpit.

The APAC market can note substantial growth in the given timeframe.