Cockpit Electronics Market - Analysis and Overview till 2023

Posted by sagark on February 7th, 2020

Cockpit Electronics Market Report Synopsis

Advances in automotive technology has expanded the variety of Cockpit Electronics. These electronics influence the working of automotive components such as traction, braking, steering, etc. In addition, these electronics are allowing manufacturers to improve integrate innovative features such as driver assistance systems (ADAS), infotainment, head-up display, GPS among others.

Cockpit Electronics refer to controls and instruments that help in driving the vehicle. According to an assessment offered by Market Research Future (MRFR), the global Cockpit Electronics market is anticipated to register moderate CAGR during the evaluation period 2017 to 2023.

Competitive Dashboard

Robert Bosch GmbH (Germany), IAV (Germany), Harman International (U.S), Continental AG (Germany), Visteon Corporation (U.S), Delphi Automotive PLC (U.K), Alpine Electronics Inc. (Japan), Denso Corp. (Japan), Johnson Controls (U.S.), and Magneti Marelli (Italy) are some of the few players in the global Cockpit Electronics market that are anticipated to contribute substantially to market growth over the next couple of years. These players are presumed to resort to growth trajectories such as mergers & acquisitions, collaborations with end-users, product innovations, etc. Investments are likely to increase in research & development, which is prognosticated to encourage competition in the Cockpit Electronics market in the years to come.

Regional Analysis

The geographical assessment of the global Cockpit Electronics market, on the basis of region, has been segmented on the basis of region and also covers country-level analysis of the same. The key regions profiled in the study are North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Asia Pacific is expected to dominate the growth of the global market over the next couple of years. Increasing demand for automobile, in conjunction with consolidation of fast-developing nations, is expected to support the growth of the Cockpit Electronics market in the forthcoming years. The strong economic development in countries such as China and Japan are anticipated to drive market growth in the years to come.

Europe is the second-largest regional segment and is likely to benefit from the rising number of passenger vehicles in the region. Germany is projected to contribute to the development of the Cockpit Electronics market in the region over the next few years.

Cockpit Electronics Market - Segmentation

The segments of the global Cockpit Electronics market, based on product type, are telematics, HUD, infotainment & navigation, information display, instrument cluster, and others. Among these, the HUD segment is anticipated to dictate the growth of the market owing to the rising demand for luxury cars.

The segmental analysis of the Cockpit Electronics market, on the basis of technology type, covers basic and advanced. The advanced segment is likely to lead the expansion of the market in the years to come. Increasing demand for the key features offered by advanced systems is poised to attract a larger customer base for the segment across the review period.

On the basis of the end market, the segments of the Cockpit Electronics market are luxury cars, economic passenger car, and mid-scale priced vehicle. Among these, the luxury cars segment is assessed to account for the maximum share of the global market through the forecast period. The installation of high-end infotainment and display systems in luxury vars is prognosticated to boost the growth rate of the segment in the foreseeable future.

The global Cockpit Electronics market has been divided on the basis of vehicle type, which covers passenger car and commercial vehicle.

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