What Is The Current and Historic Market Size Analysis Of The Automotive Cockpit Electronics Market?
The automotive cockpit electronics market has seen considerable growth due to a variety of factors.
• The market size for automotive cockpit electronics has seen significant growth in the past few years. The market is predicted to increase from $41.22 billion in 2024 to $44.86 billion in 2025, at a compound annual growth rate of 8.8%.
The growth during the historical period can be linked to factors such as urbanization and traffic congestion, heightened consumer consciousness, a growing demand for fuel-efficient vehicles, an increased awareness of air quality concerns, and an expanded infrastructure for hybrid and electric vehicles.
What Is The Forecast For The Automotive Cockpit Electronics Market?
The automotive cockpit electronics market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the automotive cockpit electronics market is anticipated to exhibit significant growth, with its market size poised to reach $62.22 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.5%.
This prospective increase during the outlook period can be credited to factors such as the soaring electrification of vehicles, urbanization expansion, integration of autonomous driving technologies, rising adaptation of 48v systems, and the broadening of charging infrastructures. The period will also witness main trends such as innovation and research and development in hybrid technologies, collaborations between public and private sectors, adaptability and customization, advancements in lightweight automobile materials, and enhancement in customization and modularity.
What Are The Primary Growth Drivers In The Automotive Cockpit Electronics Market?
The surge in the number of automobiles is anticipated to fuel the expansion of the automotive cockpit electronics market in the future. An array of influences such as economic growth, consumers' inclination towards ownership of vehicles, the launch of new models, evolution in vehicle technology, and beneficial finance schemes, contribute to the rise in vehicle sales. Automotive cockpit electronics, which offer instinctive controls, on-time data, and superior driver support features, bolster vehicle safety, luxury, and ease, thereby enhancing the overall driving experience. As per the details shared by the Japan Automobile Dealers Association and Japan Light Motor Vehicle and Motorcycle Association in September 2022, there were 4,779,086 new cars sold in Japan in 2023, recording a 13.8% growth on a year-on-year basis. Thus, it is the surge in the number of vehicles that is catalyzing the expansion of the automotive cockpit electronics market.
How Is The Global Automotive Cockpit Electronics Market Divided Into Key Segments?
The automotive cockpit electronics market covered in this report is segmented –
1) By Product: Head-up Display (HUD), Information Display, Infotainment And Navigation, Instrument Cluster, Telematics, Other Products
2) By Technology: Touchscreen Technology, Voice Recognition Systems, Advanced Driver Assistance Systems (ADAS), Connectivity Solutions
3) By Propulsion: Internal Combustion Engine (ICE) Vehicles, Electric and Hybrid Vehicles
4) By Vehicle Type: Passenger Cars, Commercial Vehicles
Subsegments:
1) By Head-up Display (HUD): Augmented Reality HUD (AR-HUD), Combiner HUD, Windshield HUD
2) By Information Display: Central Information Display, Rear Seat Display, Touchscreen Display
3) By Infotainment and Navigation: Integrated Infotainment Systems, Standalone Infotainment Systems, Navigation Systems
4) By Instrument Cluster: Analog Instrument Cluster, Digital Instrument Cluster, Hybrid Instrument Cluster
5) By Telematics: Vehicle-to-Everything (V2X) Telematics, Embedded Telematics Systems, Smartphone-Connected Telematics
6) By Other Products: HVAC Control Systems, Gesture Control Systems, Voice Recognition Systems
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What Trends Are Reshaping The Future Of The Automotive Cockpit Electronics Market?
Key businesses in the automotive cockpit electronics industry are working on creating automotive platforms that collaborate with artificial intelligence (AI) systems. Such synergies enhance the future of in-vehicle infotainment (IVI) systems by powering them. This AI integration heightens the user experience as it enables tailored interactions, boosts safety via advanced driver aids, and optimizes system efficacy using real-time data scrutiny and predictive features. MediaTek, a semiconductor firm based in Taiwan, for instance, joined forces with NVIDIA, an American software firm, to launch the Dimensity auto cockpit platform in March 2024. This alliance is focused on the integration of superior AI functions into vehicles to enrich the in-vehicle experiences for both drivers and passengers. The Dimensity Auto Cockpit suite provides a robust AI-powered in-cabin experience for the forthcoming intelligent vehicles generation. The fully-integrated platform consists of four brand-new automotive SoCs, including dimensity auto cockpit C-X1, C-Y1, C-M1, and C-V1, covering everything from premium (C-X1) to entry-level (C-V1) segments.
Who Are the Key Players In The Automotive Cockpit Electronics Market?
Major companies operating in the automotive cockpit electronics market are:
• Robert Bosch GmbH
• Hitachi Automotive Systems Ltd.
• Denso Corporation
• ZF Friedrichshafen AG
• Continental AG
• Hyundai Mobis Co Ltd.
• Mitsubishi Electric Corporation
• Aisin Seiki Co. Ltd.
• Fujitsu Ten Ltd.
• Valeo
• Texas Instruments
• Aptiv plc
• Parker Hannifin Corporation
• Nidec Corporation
• Schaeffler AG
• TRW Automotive
• BorgWarner Inc.
• Hella GmbH & Co. KGaA
• Rheinmetall Automotive AG
• GKN Automotive
• Mando Corporation
• Kostal Ltd.
• Sungwoo Hitech Co. Ltd.
• SEG Automotive
• Mahle GmbH
• IAV Automotive Engineering
• Delphi Technologies
• Magneti Marelli
What Are The Regional Insights Into The Automotive Cockpit Electronics Market?
Asia-Pacific was the largest region in the automotive cockpit electronics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive cockpit electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
