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Automotive Cockpit Electronics Market - Growth, Future Prospects & Competitive Landscape, 2018 – 2026

Overview:

Automotive cockpit electronics refer to electronic modules that offer enhanced driving experience and comfort to passengers by means of entertainment and ambiance. Automotive cockpit electronics also deal with systems that improve safety for passengers and the driver. Automobiles are increasingly requiring automotive control units that are directly accessible to the driver in order to increase convenience and safety. Automotive cockpit electronics include a global positioning system (GPS), a rear display, an in-car telephone, music players, a wireless interface, advanced parking systems, internal car lighting, intelligent temperature control, and others.

The increasing use of electronic modules in mid-priced passenger vehicles is among the most vital factors escalating market growth. Several mid-priced vehicles are now equipped with an infotainment unit and basic telematics applications, with the aim of providing more convenience and safety. The descending cost of electronics components, as well as growing competition among major players, are aiding in the reduction of the overall cost of automotive cockpit electronics modules. This has led to the inclusion of these features in mid-priced passenger vehicles at affordable prices.

Further, the growing penetration of connected cars and the integration of smartphones with automotive electronic systems is another prominent factor boosting the automotive cockpit electronics market. Advanced safety features such as electronic stability control, advanced driver assistance systems, tire pressure monitoring systems, and anti-lock braking systems are primarily based on electronic modules. This has significantly boosted the demand for automotive cockpit electronics in luxury as well as semi-luxury vehicles. Similarly, gesture recognition is a new introduction to the automotive cockpit electronics market. Further advancement in technology is expected to provide a significant push to the automotive cockpit electronics market.

In 2017, Asia Pacific dominated the automotive cockpit electronic market, followed by North America and Europe. China is the leading contributor in the Asia Pacific market due to its huge automotive industry, both in terms of production and consumption. The country is followed by India, South Korea, and Japan. Strong sales of semi-luxury vehicles coupled with increasing sales of luxury vehicles are the major factors propelling market growth here. Governed primarily by the Western Europe region, Europe forms the second-largest market for automotive cockpit electronics across the globe.

The Automotive Cockpit Electronics Market is segmented on the following basis:

Product Type:

  • Infotainment
  • Navigation
  • Instrument Cluster
  • Telematics

Vehicle Class:

  • Passenger Cars
  • Economy Cars
  • Mid-priced Cars
  • Luxury Cars

Commercial Vehicles

  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

Geography:

  • North America
  • U.S.
  • rest of North America

Europe

  • U.K.
  • Germany
  • France
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific

Rest of the World (RoW)

  • Latin America
  • Middle East and Africa (MEA)

Key players identified in the automotive cockpit electronics market include, but are not limited to:

Robert Bosch GmbH, Continental Corporation, Harman International Industries, Inc., Hangsheng Electronics Co., Ltd., Visteon Corporation, Delphi Technologies Ltd., Mitsubishi Electric Corporation, Alpine Electronics, Inc., Magneti Marelli S.p.A., Visteon Corporation, LG Electronics, Inc., Nippon Seiki Co., Ltd., Panasonic Corporation, and others

Frequently Asked Questions:

The market for Automotive Cockpit Electronics is expected to reach US$ XX Mn in 2026.

The Automotive Cockpit Electronics market is expected to see significant CAGR growth over the coming years,at XX%

The report is forecasted from 2018-2026.

The base year of this report is 2017.

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Published Date:  Apr 2018
Category:  Technology & Media
Report ID:   59057
Report Format:   PDF
Pages:   120
Rating:    4.1 (25)
Delivery Time: 24 Hours to 48 Hours   
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