Automotive Digital Cockpit Industry :
Automotive digital cockpits areinstalled to provide reliable safety information to the driver by accessingmaps and media with instrumental clusters installed within a vehicle. Inaddition, digital cockpits enable drivers to improve their focus and attentionon the road by utilizing HUD to display relevant driving information in theirdirect field of vision.
The automotivedigital cockpit market has been growing pervasively. The market growthattributes to the introduction of innovative adaptive driver assistance systems(ADASs) that demand integration of digital cockpits with safety systems.
Digital cockpits, paired with acluster of digital instruments and infotainment systems, provide better safetyfeatures to drivers, featuring one or more displays.
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Moreover, the demand foradvanced automotive cabins escalates market growth. According to MarketResearch Future (MRFR), the global automotive digital cockpit market isanticipated to grow at a 9.5% CAGR during the review period (2019 - 2025). Theincreasing awareness for safety features among consumers and advancements intechnology act as a major driving force for the growth of the market.
Additionally, the rising salesof luxury and premium cars, along with the increase in traffic concerns, haveled to increasing the demand for head-up displays. The emergence of augmentedreality head-up displays influence market growth, making vehicles even morecomfortable and safer. The increasing demand for HUDs to improve the consumerexperience in vehicles to ensure safety boosts market growth.
Conversely, complex structuresand low efficiency of optical systems are the major factors projected to impedethe market growth. Also, the high cost associated with the installment andmaintenance of digital cockpits is hindering the growth of the market.Nevertheless, constant advancements in infotainment system features wouldsupport market growth.
Automotive Digital Cockpit Market - Segments
The report is segmentedinto four dynamics;
By Equipment :Advanced Head Unit Display (HUD), Digital Instrument Cluster, Camera-BasedDriver Monitoring System, and others.
By Vehicle Type: Passenger Car (PC),Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV).
By Propulsion :Battery Electric Vehicle (BEV), Internal Combustion Engine (ICE), HybridElectric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), and others.
By Regions :Americas, Europe, Asia Pacific, and the Rest-of-the-World.
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GlobalAutomotive Digital Cockpit Market - Regional Analysis
Europe dominates the global automotive digitalcockpit market. The region is the global hubfor expensive and high-end car manufacturers. The largest market shareattributes to the augmenting demand for luxury or premium cars and SUV'sequipped with automotive digital cockpit systems. Besides, the presence ofmajor automotive OEMs and tier-1 suppliers drive the growth of the regionalmarket.
Moreover, constant developmentsin OEMs working on enhancing the conventional automotive cockpit foster theregional market growth. Germany houses the world's largest luxury car brands,providing a considerable impetus to the regional market development. TheEuropean automotive digital cockpit market is projected to retain its dominancethroughout the assessment period.
The Asia Pacific region standssecond in the global automotive digital cockpit market. The demand forautomotive digital cockpits in the region is gradually growing with thestrengthening economy in India, China, and Southeast Asian countries.Additionally, the market is driven by the continual demand for advanced userexperience in luxury cars and the mid-priced and economy segment passengercars.
Technological advances inautonomous driving, cockpit platform, and digital interfaces, alongside theincreasing number of OEMs and aftermarket parts companies, boost the regionalmarket growth. Also, improving socio-economic conditions in the regionpropel the adoption of automotive digital cockpits. Furthermore, rapidlyshifting digital cockpit manufacturing plants to emerging economies of theregion provide a huge impetus to the market growth.
North America is emerging as apromising market for automotive digital cockpits globally. The region is apromising market for luxury vehicles. Factors such as stringent safety normsand increasing awareness about the safety systems installed in an automotivesystem influence the regional market growth.
Vast technological upgrades andthe constant rise in the automotive industry impact the regional market growthpositively. With a more extensive fleet of premium and luxury passenger cars,the US accounts for a substantial share in the regional market. The NorthAmerican automobile digital cockpit market is estimated to create a notablerevenue pocket.
AutomotiveDigital Cockpit Market - Competitive Analysis
Highly competitive, theautomotive digital cockpit market appears to be fragmented, characterized bythe presence of several major well-established players. These playersincorporate strategic initiatives such as collaboration, acquisition,partnership, technology launch, and expansion to gain a competitive edge.Strategic alliances between these players support the growth and expansionplans.
MajorPlayers
Key players leading the global automotive digitalcockpit market share include Continental(Germany), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Faurecia(France), Panasonic Corporation (Japan), Aptiv (Ireland), Pioneer Corporation(Japan), Harman International (US), Visteon Corporation (US), and Nippon SeikiCo., Ltd (Japan), among others.
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