Futuristic Technologies Drive the Global Automotive Digital Cockpit Market; AssePosted by Preeti on January 20th, 2021 Automotive digital cockpits are installed to provide reliable safety information to the driver by accessing maps and media with instrumental clusters installed within a vehicle. In addition, digital cockpits enable drivers to improve their focus and attention on the road by utilizing HUD to display relevant driving information in their direct field of vision. The automotive digital cockpit market has been growing pervasively. The market growth attributes to the introduction of innovative adaptive driver assistance systems (ADASs) that demand integration of digital cockpits with safety systems. Digital cockpits, paired with a cluster of digital instruments and infotainment systems, provide better safety features to drivers, featuring one or more displays.Get a FREE Report Sample- https://www.marketresearchfuture.com/sample_request/7755 Moreover, the demand for advanced automotive cabins escalates market growth. According to Market Research Future (MRFR), the global automotive digital cockpit market is anticipated to grow at a 9.5% CAGR during the review period (2019 - 2025). The increasing awareness for safety features among consumers and advancements in technology act as a major driving force for the growth of the market. Additionally, the rising sales of luxury and premium cars, along with the increase in traffic concerns, have led to increasing the demand for head-up displays. The emergence of augmented reality head-up displays influence market growth, making vehicles even more comfortable and safer. The increasing demand for HUDs to improve the consumer experience in vehicles to ensure safety boosts market growth. Conversely, complex structures and low efficiency of optical systems are the major factors projected to impede the market growth. Also, the high cost associated with the installment and maintenance of digital cockpits is hindering the growth of the market. Nevertheless, constant advancements in infotainment system features would support market growth. Automotive Digital Cockpit Market - Segments The report is segmented into four dynamics; By Equipment : Advanced Head Unit Display (HUD), Digital Instrument Cluster, Camera-Based Driver Monitoring System, and others. By Vehicle Type:Passenger Car (PC), Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle(HCV). By Propulsion :Battery Electric Vehicle (BEV), Internal Combustion Engine (ICE), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), and others. By Regions : Americas, Europe, Asia Pacific, and the Rest-of-the-World. Global Automotive Digital Cockpit Market - Regional Analysis Europe dominates the global automotive digital cockpit market. The region is the global hub for expensive and high-end car manufacturers. The largest market share attributes to the augmenting demand for luxury or premium cars and SUV's equipped with automotive digital cockpit systems. Besides, the presence of major automotive OEMs and tier-1 suppliers drive the growth of the regional market. Moreover, constant developments in OEMs working on enhancing the conventional automotive cockpit foster the regional market growth. Germany houses the world's largest luxury car brands, providing a considerable impetus to the regional market development. The European automotive digital cockpit market is projected to retain its dominance throughout the assessment period. The Asia Pacific region stands second in the global automotive digital cockpit market. The demand for automotive digital cockpits in the region is gradually growing with the strengthening economy in India, China, and Southeast Asian countries. Additionally, the market is driven by the continual demand for advanced user experience in luxury cars and the mid-priced and economy segment passenger cars. Technological advances in autonomous driving, cockpit platform, and digital interfaces, alongside the increasing number of OEMs and aftermarket parts companies, boost the regional market growth. Also, improving socio-economic conditions in the region propel the adoption of automotive digital cockpits. Furthermore, rapidly shifting digital cockpit manufacturing plants to emerging economies of the region provide a huge impetus to the market growth. North America is emerging as a promising market for automotive digital cockpits globally. The region is a promising market for luxury vehicles. Factors such as stringent safety norms and increasing awareness about the safety systems installed in an automotive system influence the regional market growth. Vast technological upgrades and the constant rise in the automotive industry impact the regional market growth positively. With a more extensive fleet of premium and luxury passenger cars, the US accounts for a substantial share in the regional market. The North American automobile digital cockpit market is estimated to create a notable revenue pocket.
Automotive Digital Cockpit Market - Competitive Analysis Highly competitive, the automotive digital cockpit market appears to be fragmented, characterized by the presence of several major well-established players. These players incorporate strategic initiatives such as collaboration, acquisition, partnership, technology launch, and expansion to gain a competitive edge. Strategic alliances between these players support the growth and expansion plans. Major Players Key players leading the global automotive digital cockpit market include Continental (Germany), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Faurecia (France), Panasonic Corporation (Japan), Aptiv (Ireland), Pioneer Corporation (Japan), Harman International (US), Visteon Corporation (US), and Nippon Seiki Co., Ltd (Japan), among others. Industry/Innovation/Related News: December 14, 2020 ---- ARM (the UK), a leading supplier of physical IP and processor implementation solutions that address the performance, power, and cost requirements for all application markets, announced that Telechips(South Korea), a fabless semiconductor company specializing in automotive applications, has selected its Arm IP for its next-generation automotive system-on-chip (SoC). Telechips' Dolphin5 is designed for advanced driver-assistance systems (ADAS) and digital cockpit, including IVI Systems applications. Telechips is also collaborating with Arm Approved Design Partner GAONCHIPS to leverage their experience utilizing the Samsung Foundry process and infrastructure for automotive SoCs. Get a FREE Report Sample- https://www.marketresearchfuture.com/sample_request/7755 Key Questions Addressed by the Report
TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 2 SCOPE OF THE REPORT 2.1 MARKET DEFINITION 2.2 SCOPE OF THE STUDY 2.2.1 DEFINITION 2.2.2 RESEARCH OBJECTIVE 2.2.3 ASSUMPTIONS 2.2.4 LIMITATIONS 2.3 RESEARCH PROCESS 2.3.1 PRIMARY RESEARCH 2.3.2 SECONDARY RESEARCH 2.4 MARKET SIZE ESTIMATION 2.5 FORECAST MODEL 3 MARKET LANDSCAPE 3.1.1 THREAT OF NEW ENTRANTS 3.1.2 BARGAINING POWER OF BUYERS 3.1.3 THREAT OF SUBSTITUTES 3.1.4 SEGMENT RIVALRY 3.1.5 BARGAINING POWER OF BUYERS 3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS 4 MARKET DYNAMICS 4.1 INTRODUCTION 4.2 MARKET DRIVERS 4.3 MARKET RESTRAINTS 4.4 MARKET OPPORTUNITIES 4.5 MARKET TRENDS About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Media Contact Like it? Share it! More by this author |