USD 42.94 billion
Global Automotive Cockpit Electronics Market Size, Share, Growth Analysis, By Product(Head-up Display (HUD), Information Display), By Vehicle Type(Passenger Vehicle and Commercial Vehicle), By Propulsion(Internal Combustion Engine (ICE) Vehicles and Electronic & Hybrid Vehicles) - Industry Forecast 2024-2031
Report ID:
SQMIG20D2241 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
88 |
Figures:
70
Global Automotive Cockpit Electronics Market Insights
Global Automotive Cockpit Electronics Market size was valued at USD 42.94 billion in 2023, USD 45.34 billion in 2024 and is projected to grow USD 78.21 billion by 2031, growing at a CAGR of 8.1% in the forecast period (2024-2031).
Automotive cockpit electronics improve the driving and passenger experience by integrating electronic technologies within a vehicle's interior. The instrument panel and controls that enable center stack electronics and information for improved driving safety, convenience, and experience comprise the automotive cockpit electronics. Infotainment systems, instrumentation, navigation systems, advanced driver assistance systems (ADAS), communication options, and many control interfaces are just a few of the capabilities that these electronics can offer. User engagement is facilitated by human-machine interfaces, while interior comfort is guaranteed via climate control. The ambiance is enhanced by lighting and ambiance systems. Features for comfort and convenience improve driving. Telematics facilitates communication and remote monitoring. When combined, they serve as the technology hub of contemporary cars, fusing entertainment, security, and usefulness all together in the cockpit.
The expansion of the automotive cockpit electronics market is driven by various factors, including government rules regarding telematics, the increasing demand for convenience features and improved user experience, the growing number of connected vehicles, the integration of smartphones with automobiles, and the increased adoption by original equipment manufacturers. The market's expansion is, however, hampered by the high power consumption of these electronics, the expensive price of sophisticated cockpit electronic systems, and the cyber security risk posed by vehicle telematics. Additionally, the introduction of concept cars and electric vehicles into the automotive industry, the growing demand for autonomous vehicles, the expansion of mobility services, and the integration of multiple technologies (adaptive & holistic HMI) present opportunistic opportunities for the major players in the market.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Passenger Veicle
Fastest Growth
Commercial Vehicle
Growth Rate
8.1% CAGR
Global Automotive Cockpit Electronics Market ($ Bn)
Country Share by Asia Pacific (%)
Global Automotive Cockpit Electronics Market By Vehicle Type(%)
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Global Automotive Cockpit Electronics Market Segmental Analysis
The global automotive cockpit electronics market is segmented based on product, vehicle type, propulsion and regional type. In terms of product, the market is segmented into head-up display (HUD), information display, infotainment & navigation, instrument cluster, telematics and others. Based on vehicle type the market is divided into passenger vehicle and commercial vehicle. In terms of propulsion, the market is bifurcated into internal combustion engine (ICE) vehicles and electronic & hybrid vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. Due to their great demand, vehicle types have seen tremendous expansion in the automobile cockpit electronics industry.
Analysis by Vehicle Type
As per categorization by vehicle type, the market is classified into passenger vehicle and commercial vehicle. Among these, passenger vehicle earned the largest share and continue to dominate the market. In 2022, passenger cars such as sedans, hatchbacks, and others ruled the market. Consumer desire for cutting-edge convenience, entertainment, and comfort options in their cars is rising. Passengers expect their automobiles to have features that are comparable to those in their homes or offices as more and more people commute or travel by car. Automakers have responded to this need by incorporating a wide range of technological elements, such as sophisticated infotainment systems, climate control systems, and connectivity options, inside the cockpit.
The commercial vehicle segment is projected to be the fastest growing in the global automotive cockpit electronics market, primarily due to stringent safety regulations and the increasing adoption of fleet management solutions. As commercial vehicles are essential for transport and logistics, there is a heightened demand for advanced cockpit technologies that enhance driver safety, comfort, and efficiency. Features such as digital instrument clusters, navigation systems, and connectivity solutions are becoming standard to comply with safety norms and to improve fleet efficiency through real-time monitoring and maintenance updates, driving significant market growth in this sector.
Analysis by Propulsion
Internal combustion engine (ICE) vehicles continue to rule the worldwide automobile market, despite the upsurge in the adoption of electric vehicles. This means that there is a constant need for cutting-edge cockpit electronics. By incorporating cutting-edge entertainment systems, digital dashboards, and enhanced connectivity capabilities, automakers are concentrating on improving the driving experience in internal combustion engine (ICE) vehicles. Enhancing driver involvement and safety while staying competitive with electric vehicles is the goal of these changes. Furthermore, advancements like more user-friendly interfaces and seamless smartphone connectivity keep driving the market for cockpit electronics in the ICE vehicle category.
Due to strict emission restrictions and the global shift towards sustainability, the automotive cockpit electronics market is expected to grow at the fastest rate in the electronic and hybrid vehicle sector. In order to manage power systems, these cars need sophisticated electronics, which encourages innovation in user interfaces and connection to improve driving pleasure and energy economy. This trend is further accelerated by the integration of infotainment, navigation, and smart displays that are specifically designed to meet the needs of electric and hybrid vehicles. This increase is also largely driven by consumer preference for eco-friendly technological solutions that provide improved comfort and functionality.
Global Automotive Cockpit Electronics Market By Vehicle Type(%), 2023 (%)
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Global Automotive Cockpit Electronics Market Regional Insights
The Automotive Cockpit has been growing significantly in the Asia-Pacific region. The region includes nations like China and India, which are important centers for the production and sales of automobiles. The least expensive mode of transportation is the road. Consequently, there has been a noticeable increase in the number of cars on the road, which is the main cause of the rise in traffic accidents. It has been observed recently that growing nations like China, Indonesia, and India account for a sizable portion of traffic accidents. Europe places a high priority on minimizing its environmental impact, which encourages the use of cutting-edge technologies in the increasingly popular electric and hybrid automobiles.
Due to its sophisticated technology infrastructure and the increasing demand from consumers for connected and safe automobile technologies, North America is a leader in invention and adoption. Despite its growth, Latin America's adoption rates are slower than expected because of economic fluctuations, but there is potential in its cities. In the meantime, the Middle East and Africa are becoming major markets very quickly due to rising car sales and a growing demand for high-end vehicles with the newest technology. The Middle East and Africa area is expanding at the quickest rate among them, driven by initiatives to diversify the economy and more capital invested in the automobile industry.
Global Automotive Cockpit Electronics Market By Geography, (2024-2031)
- Largest
- Fastest
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Global Automotive Cockpit Electronics Market Dynamics
Drivers
Seamless Driver Control Experience
- Customers are looking for more sophisticated infotainment systems that offer seamless smartphone integration, real-time navigation, voice commands, and multimedia streaming due to their growing need for improved connectivity and user experience in cars. Due to this consumer preference, manufacturers are always innovating and upgrading the cockpit electronics solutions to enhance driving comfort and convenience.
Rapid Cockpit Electronics Advancements
- The requirement for complex cockpit electronics that can monitor vehicle systems and give drivers and onboard systems real-time information is expanding as the industry transitions to partially and fully autonomous vehicles. This involves the incorporation of upgraded safety features, advanced driver-assistance systems (ADAS), and larger, more interactive display panels. The market for cockpit electronics is expanding since these technologies are essential to facilitating the shift to autonomous driving.
Restraints
Integration Complexity
- Modern electronics' integration complexity and dependability problems. The integration of these systems grows increasingly complicated as cars use more advanced technologies, which raises questions about their dependability and possible maintenance expenses. Some manufacturers and users may be discouraged from completely adopting these advanced systems due to the complexity of usability caused by frequent software changes and the requirement for interoperability across different components.
Frequent Reliability Concerns
- The integration of advanced systems such as digital interfaces and connected services into automobiles poses more technical difficulties in guaranteeing a smooth and dependable functioning. This intricacy may increase the likelihood of system malfunctions or breakdowns, which may damage customer happiness and trust and eventually hinder market expansion.
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Global Automotive Cockpit Electronics Market Competitive Landscape
Established, pure-play manufacturers dominate the fiercely competitive Automotive Cockpit Electronics market, which is well-represented across several verticals and geographical areas. This industry is served by more than thirty vendors, all of whom constantly improve their offerings by incorporating cutting-edge technologies to satisfy the changing needs of enterprises. These suppliers can serve a wide range of clientele due to their extensive geographic reach and network of partners. There are other companies offering comparable goods and services in the fiercely competitive automotive cockpit electronics sector. Prominent players in this market include Aptiv, Visteon Corporation, Robert Bosch GmbH, Continental AG, and Denso Corporation.
Top Player’s Company Profiles
- DESAY Industry (China)
- Continental AG (Germany)
- Huawei Technologies Co., Ltd. (China)
- Marelli (Italy)
- Panasonic Holdings Corporation (Japan)
- Visteon Corporation (US)
- ALPS ALPINE CO., LTD. (Japan)
- HARMAN International (US)
- Robert Bosch GmbH (Germany)
- LG Electronics (South Korea)
- Aptiv (Ireland)
- Denso Corporation (Japan)
- Valeo SA (France)
- ART SPA (Italy)
Recent Developments
- In January 2024, The first central vehicle computer (CVA) in the automotive industry to operate both infotainment and advanced driving assistance system (ADAS) functions on a single system-on-chip (SoC) was unveiled by Qualcomm Technologies and Robert Bosch. The Snapdragon Ride Flex SoC serves as the foundation for the main vehicle computer, known as the cockpit & ADAS integration platform.
- In July 2022, The Skoda EnyaqEV Camper is gradually making its way into the US market. The Skoda Enyaq iV 80 FestEValcamper edition has a very useful but small camping kit that fits completely inside the trunk. One feature that can be useful on lengthy road journeys is the augmented reality heads-up display that comes with the device.
- In January 2024, HARMAN revealed plans to broaden its selection of ready products, highlighting close relationships with leading companies in the sector as well as continuous cooperation with Samsung. By merging innovative technologies with third-party solutions to improve consumer experiences in cars, HARMAN's road-ready products are advancing connection and unification while also setting new benchmarks for expectations in the automotive industry, both now and in the future.
Global Automotive Cockpit Electronics Key Market Trends
- Utilizing Distinctiveness to Gain Competitive Edge: To obtain a competitive advantage in the dynamic Automotive Cockpit Electronics Market, businesses implement diverse market share positioning tactics. Differentiation is a popular strategy used by businesses to set their products apart from those of their rivals by providing special features or state-of-the-art technologies. A corporation can differentiate itself by implementing cutting-edge infotainment systems, an intuitive Human Machine Interface (HMI), or artificial intelligence (AI) for improved user experience. In addition to drawing in tech-savvy customers, this tactic creates a corporate identity that is closely associated with innovation.
- Achieving Market Dominance Through Cost Leadership: Certain firms priorities being the industry leaders in terms of cost in the automotive cockpit electronics market through the streamlining of production processes, effective sourcing of materials, and attainment of economies of scale. These businesses hope to gain a sizable market share by providing premium goods at affordable costs, particularly attractive to customers on a tight budget. A strong grasp of cost structures and a dedication to operational excellence are necessary for this approach.
Global Automotive Cockpit Electronics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in response to consumer demands for high-tech entertainment systems and the industry's shift towards autonomous vehicles, manufacturers are inventing cockpit electronics, which is propelling market growth. Due to frequent system malfunctions and interoperability concerns, the growing complexity and reliability issues associated with integrating sophisticated automotive electronics are impeding full acceptance and potentially impeding market growth.
Established players like Aptiv, Visteon Corporation, Robert Bosch GmbH, Continental AG, and Denso Corporation dominate the fiercely competitive Automotive Cockpit Electronics industry. These manufacturers continuously develop and broaden their global reach to cater to a wide range of client needs. In the Automotive Cockpit Electronics Market, businesses can achieve cost leadership by streamlining production and sourcing to deliver premium products at reduced costs, or they can differentiate themselves by providing distinctive, cutting-edge features.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 42.94 billion |
| Market size value in 2031 | USD 78.21 billion |
| Growth Rate | 8.1% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Automotive Cockpit Electronics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Automotive Cockpit Electronics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Automotive Cockpit Electronics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Cockpit Electronics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Cockpit Electronics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Automotive Cockpit Electronics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Automotive Cockpit Electronics Market Report Snapshots
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