Global Automotive Digital Cockpit Market Analysis Mapping the...

Global Automotive Digital Cockpit Market Analysis Mapping the Future Prospects

Posted 2023-07-17 06:39:04

Market Research Future Insights

The Global Automotive Digital Cockpit Market Size is estimated to be worth USD 363.2 Billion by 2032, registering a 9.50% CAGR during the forecast period (2023- 2032).

The Automotive Digital Cockpit is the assemblage of digital instruments in addition to the infotainment system and one or two digital displays. It is applied in automobiles to improve the driving experience by providing better access to maps and media utilizing wireless connectivity in vehicles, HMI applications, and infotainment devices.

It finds its usage in the automobile industry. Presently, the digital cockpit has become an essential and highly attractive component in vehicles. A digital cockpit is an important vehicle part developed to deliver safety to the driver by providing them the accurate information. It is installed in the vehicle to tender the best experience of a reliable vehicle for the customer. A driver can access media and map information over instrumental clusters installed inside the vehicle in this digital cockpit.

The automotive OEMs tender customized digital cockpits with steering-wheel-mounted controls or a voice-control touch screen to operate the vehicle, delivering an effortless driving experience to the driver and providing better vehicle functionality. The enhanced infotainment system features and the constant advancements in vehicle safety features are awaited to boost up the digital cockpit demand.

Accordingly, it will upsurge the Automotive Digital Cockpit Market growth for the forecast period. The boosting number of connected vehicles is expected to thrust the growth of the automotive digital cockpit market in the coming years.

Key Players

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)

Regional Analysis
The Global Automotive Digital Cockpit Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Asia Pacific pacified the market for the automotive digital cockpit and counted for the largest revenue share of 54.6% in 2020. It is expected to continue its dominance over the forecast period with a CAGR exceeding 10.0%. This growth is ascribed to the increasing production and sales of passenger vehicles in the region.

In Europe, the market has accounted for a considerable share of the overall automotive digital cockpit market. The region is a manufacturing hub for major premium vehicle manufacturers and automotive OEMs.

North America, especially The United States, will still play a significant role that cannot be ignored. Any differences in the United States might affect the development trend of Automotive Digital Cockpit.

Market Segmentation

The Global Automotive Digital Cockpit Market Share is segmented into the following types;

By Vehicle Type: