The automotive cockpit display system provides a visible and audible portion of the human-machine interface by aircrew managing the modern glass cockpit. A cockpit is located under the windshield of the vehicle. The escalating demand for enhanced safety and comfort features in vehicles. A wide range of sensors along with modern automotive control amenities plays a vital role in introducing development in automotive cockpit electronics. The rise in road accidents drives various car manufacturers to install different active and passive safety systems and thereby preventing road mishaps. Thus, car manufacturers are required to provide smart and crash-worthy vehicles to curb the fatality on roads in developing countries where automobile safety regulations are more lenient than those in developed countries. It creates demand for vehicles with safety and security systems.This growth is primarily driven by Increasing consumer awareness regarding advanced technologies
|Value Unit||USD (Million)|
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The Telecom Services sector in the region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region.
Major Players, such as Visteon Corporation. (United States), HARMAN International (United States), Panasonic Holdings Corporation (Japan), Marelli Europe S.p.A (Italy), Yazaki Corporation (Japan), Nippon-Seiki Co (Japan), General Motors (United States), Fujitsu Ten (Japan), Garmin Ltd (United States) and Aptiv PLC (Ireland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2022, Harman international acquired aposteara, a Germany-based automotive technology company. Apostera’s augmented reality (AR) and mixed reality (MR) software solutions will expand HARMAN’s automotive product offerings and position the company at the forefront of automotive AR/MR experience design.
In January 2023, Visteon and QUALCOMM Technologies, INC. announced that the companies to take their technology collaboration one step further with the development of a high-performance cockpit domain controller designed to enable global automakers to build next-generation cockpitsCompetition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality Software to cater to the ever-growing demand for automotive cockpit electronics. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.
Increase in demand for autonomous vehicles.
Market Growth Drivers:
Increasing consumer awareness regarding advanced technologies, and Increase in the awareness of the safety
Increase cybersecurity threat due to vehicle telematics
High power consumption of automotive cockpit electronics
Increasing per capita income of consumers
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automotive Cockpit Electronics Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automotive Cockpit Electronics Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automotive Cockpit Electronics players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Cockpit Electronics Study Sheds Light on
The Automotive Cockpit Electronics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Cockpit Electronics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Cockpit Electronics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.