Automotive Cockpit Electronics Market Size AndForecast
AutomotiveCockpit Electronics Market was valued at USD 41.26 Billion in 2020 and is projectedto reach USD77.54 Billion by 2028, growing at a CAGR of 8.26% from 2021 to2028.

The market forautomotive cockpit electronics is primarily driven by the rising consumerdemand for enhanced user experience and convenience features. Additionally, themarket is also influenced by the growth in connected vehicles and theintegration of smartphones with vehicles. The Global Automotive CockpitElectronics Market report provides a holistic evaluation of the market. Thereport offers a comprehensive analysis of key segments, trends, drivers,restraints, competitive landscape, and factors that are playing a substantialrole in the market.

GlobalAutomotive Cockpit Electronics Market Definition
The AutomotiveCockpit Electronics refers to the area dedicated to the driver information andcenter stack electronics. It includes the infotainment devices such as highdefinition radio receivers, a navigation system, braking, steering, traction,and other devices that serve the purpose of safety and entertainment. It isused to provide the vehicle driver safety with the additional relevantinformation displaying on the instrument panel. It widely finds its applicationin the automotive domain.

The majorobjective of automotive cockpit electronics is to enhance the drivingexperience, provide convenience, safety, and improved controls. The automotivecockpit is used for human-machine interference (HMI). The controls that areaccessible directly from the automotive cockpit include global positioningsystem (GPS), transmission, in-car telephone, rear display, CD players,wireless interference, advanced parking support systems, in-car lighting,climate control, Wi-Fi, and others.

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GlobalAutomotive Cockpit Electronics Market Overview
Increasingcustomer preference for in-dash navigation systems propels the market growth.In-dash navigation receivers are highly suitable for travelers, as they arevery versatile and can put one in command of a variety of information,entertainment, and communication sources, through a single device. Apart fromaccessing music through discs, files, or the radio, passengers have been ableto access the music and road-ready apps on their smartphones in many cases.

Moreover, thereceiver’s built-in GPS guidance is often much more reliable than smartphonemapping apps, especially if passengers have been traveling through areas withspotty cell coverage. Thus, owing to the aforementioned benefits, the demandand preference for in-dash navigation systems has been increasing, thereby,driving the demand for the Automotive Cockpit Electronics Market.

In addition, therising penetration in road transportation, and thereby increasing the number ofdeaths causing accidents are the key factor for driving the market growth. Inaddition, the growing demand for the user driving experience with theintegration of smartphones, and multiple technologies led to imposing apositive impact on the growth of the market. Moreover, the growing connectivityin the vehicle and government regulations pertaining to telematics are some otherfactors driving the market growth.

However, thehigh power consumption of these electronics, the high cost of advanced cockpitelectronic systems, and the cybersecurity threat due to vehicle telematicshamper the growth of the market. Further, integration of multiple technologies(adaptive & holistic HMI), the advent of concept cars and electric vehiclesin the automotive industry, increase in demand for autonomous vehicles, andgrowth of mobility services is opportunistic for the key players operating in theglobal Automotive Cockpit Electronics Market.

GlobalAutomotive Cockpit Electronics Market Segmentation Analysis
The GlobalAutomotive Cockpit Electronics Market is segmented based on Type, Fuel Type,Product, and Geography.

AutomotiveCockpit Electronics Market, By Type
• AdvancedCockpit Electronics
• Basic Cockpit Electronics

Based on Type,the market is bifurcated into Advanced Cockpit Electronics and Basic CockpitElectronics. The Advance Cockpit Electronics segment is expected to hold thelargest market share. Advanced Cockpit Electronics Involves Advanced InstrumentCluster, High-End Information Display, Mid/High-End Infotainment Unit,Windshield Hud, and Advanced Telematics.

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AutomotiveCockpit Electronics Market, By Fuel Type
• InternalCombustion Engine (ICE)
• Battery Electric Vehicle (BEV)
• Others

Based on FuelType, the market is bifurcated into Internal Combustion Engine (ICE), BatteryElectric Vehicle (BEV), and Others. Battery Electric Vehicle holds the highestmarket share. A battery electric vehicle (BEV), pure electric vehicle,only-electric vehicle or all-electric vehicle is a type of electric vehicle(EV) that exclusively uses chemical energy stored in rechargeable batterypacks, with no secondary source of propulsion (e.g. hydrogen fuel cell,internal combustion engine, etc.).

AutomotiveCockpit Electronics Market, By Product
• Telematics
• Instrument Cluster
• Infotainment & Navigation
• Information Display
• Head-up Display
• Others

Based onProduct, the market is bifurcated into Telematics, Instrument Cluster,Infotainment & Navigation, Information Display, Head-up Display, andOthers. Head-up displays are estimated to be the fastest-growing productsegment globally, in terms of volume and value. The growth of this segment canbe attributed to increasing demand for premium and luxury passenger cars ashead-up displays are majorly featured in these vehicles. Also, increasingawareness about safety features among consumers is driving the head-up displaymarket.

AutomotiveCockpit Electronics Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis ofGeography, the Global Automotive Cockpit Electronics Market is classified intoNorth America, Europe, Asia Pacific, and the Rest of the world. North Americaand Europe currently form the largest market for Automotive Cockpit ElectronicsMarket dominated by U.S., Canada, Germany, Italy, and France. APAC region holdsthe distinction for forming the fastest growing market in terms of sheervolume.

China and Indiahold the key for future market trends in the Automotive Cockpit ElectronicsMarket owing to a large population, increase in living standards, and highgrowth rate of the automotive industry in these regions. Key drivers for theAutomotive Cockpit Electronics Market are increased spending capacity of peoplewho now prefer better driving experience and thus go for higher-end vehiclessuch as A-class and sedans that have more scope for higher-end electronicsfacilities. The growing interest in supercars and racing cars have also driventhis market.

KeyPlayers In Automotive Cockpit Electronics Market
The “GlobalAutomotive Cockpit Electronics Market” study report will provide a valuableinsight with an emphasis on the global market including some of the majorplayers such as GeneralMotors, Denso Corporation, Panasonic Corporation Harman International,Continental AG, Robert Bosch GmbH, Visteon Corporation, Delphi Automotive PLC,Volkswagen AG, and Daimler AG.

Our marketanalysis also entails a section solely dedicated to such major players whereinour analysts provide an insight to the financial statements of all the majorplayers, along with its product benchmarking and SWOT analysis. The competitivelandscape section also includes key development strategies, market share, andmarket ranking analysis of the above-mentioned players globally.

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