Automotive Cockpit Electronics Market Scope
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.
|Unit||Value (USD Million)|
|Key Companies Profiled||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)|
Competition 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. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Automotive Cockpit Electronics market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Continental AG (Germany), Robert Bosch GmbH (Germany), Delphi Automotive PLC (Ireland) and DENSO CORPORATION (Japan).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Automotive Cockpit Electronics market by Type and Region with country level break-up.
On the basis of geography, the market of Automotive Cockpit Electronics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn February 2022, Harman international acquired aposteara, a Germany-based automotive technology company. Aposteraís augmented reality (AR) and mixed reality (MR) software solutions will expand HARMANís 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 cockpits
Influencing Trend:Increase in demand for autonomous vehicles.
Market Growth Drivers:Increasing consumer awareness regarding advanced technologies, and Increase in the awareness of the safety
Challenges:Increase cybersecurity threat due to vehicle telematics
Restraints:High power consumption of automotive cockpit electronics
Opportunities:Increasing per capita income of consumers