Global Cockpit Electronics Market for Automotive is expected to reach US$55.9 Bn by 2024 from US$ 31.44 Bn in 2016 at CAGR of 8.57% (Detailed analysis of the market CAGR is provided in the report).
The report cockpit electronics market is segmented into a product, type, fuel type, Level of autonomous driving, end market, and region. In terms of product, the cockpit electronics market is categorized into a head-up display, infotainment display, infotainment & navigation, instrument cluster, telematics, and others. On the basis of type, the cockpit electronics market is classified into basic cockpit electronics and advanced cockpit electronics. Based on fuel type, the cockpit electronics market is segmented into battery electric vehicle, an internal combustion engine, and others. In terms of a level of autonomous driving, the cockpit electronics market is classified into conventional, and semi-autonomous. Based on the end market, the cockpit electronics market is classified into the economic passenger car, mid-priced passenger car, and luxury passenger car. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Electronics in the automotive industry has increased ease of driving, safety and also vies to provide quality infotainment. Cockpit electronics is a large market and have seen a high growth rate in recent times. This trend in growth for automotive cockpit electronics market is anticipated to continue over the upcoming years. Rising demand for enhanced user experience and convenience features are trending the overall Cockpit Electronics Market for automotive. However, a high cost of advanced cockpit electronic systems will restrain the market growth.
Global Cockpit Electronics Market
In terms of product, head-up display sub-segment is expected to gain the largest market share in the forecast period. Increasing awareness about safety features among consumers is expected to fuel the Head-up Display sub-segment growth. on the basis of Fuel type segment is estimated to experience the significant growth of BEV sub-segment. This growth is attributed to increased production of electric vehicles.
In terms of region, Asia-Pacific is going to emerge as one of the higher growth regions in forecast period followed by North America and Europe. Japan and South Korea’s presence with their technological advancement, tremendous vehicle production and cost-effective manufacturing in developing economies like China and India will fuel the Cockpit Electronics Market for Automotive in the Asia-Pacific region.
Some of the key players in the cockpit electronics market are Continental AG, Denso Corp., Alpine Electronics Inc., Delphi Visteon Corp., Bosch Pioneer, Johnson Controls, IAV, Magneti Marelli, Hangsheng Electronics Co., Ltd., Harman International Industries Inc., KPIT Cummins, Panasonic Corp., Nippon Seiki, Visteon Corp., Valeo, and Yazaki Corporation.
Cockpit Electronics Market For Automotive By Product
• Head-Up Display
• Infotainment Display
• Infotainment and Navigation
• Instrument Cluster
Cockpit Electronics Market For Automotive By Type
• Basic Cockpit Electronics
• Advanced Cockpit Electronics
Cockpit Electronics Market For Automotive By Fuel Type
• Battery Electric Vehicle
• Internal Combustion Engine
Cockpit Electronics Market For Automotive By Level of Autonomous Driving
Cockpit Electronics Market For Automotive By End Market
• Economic Passenger car
• Mid-Priced Passenger car
• Luxury Passenger car
Cockpit Electronics Market for Automotive By Geography
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players in the Cockpit Electronics Market for Automotive Are:
• Delphi Automotive PLC
• Robert Bosch
• Tomtom International BV
• Nippon-Seiki Co. Ltd.
• Magneti Marelli S.P.A
• Yazaki Corporation
• Harman International
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