Automotive Digital Cockpit - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Automotive Digital Cockpit Market is accounted for $16.90 billion in 2019 and is expected to reach $51.71 billion by 2027 growing at a CAGR of 15.0% during the forecast period. Rising demand for electric vehicles is the major factor propelling the market growth. However, factor such as cyber security threats for domain controllers is hampering the market growth.
The Automotive Digital Cockpit is the collection of digital instruments in addition with the infotainment system and one or two digital displays. It is used in the automobiles to improve the pouring experience by providing improved access to map and media using the wireless connectivity in the vehicles, HMI application, and infotainment devices. It finds its application in the automobile industry.
Based on the equipment, the camera-based driver monitoring segment is going to have a lucrative growth during the forecast period due to growing trend of human machine interface inside the vehicle. A number of accidents take place owing to driver tiredness and drowsiness. This system detects the driver’s condition and signals him/her about the drowsiness. Thus, the growth of camera-based driver monitoring is expected to fuel this market.
By geography, Asia Pacific is estimated to have a lucrative growth due to the high demand and growing income levels of the people living in the region, which improve the demand in mid-sized premium and luxury car segment in the region. Many OEMs are present in the region which are implementing latest technology to attract new customers and forming strategic partnership with major players in the market to gain strategic advantage.
Some of the key players profiled in the Automotive Digital Cockpit Market include Aptiv, Pioneer, Continental AG, Denso Corporation, Visteon, Panasonic, Hyundai Mobis, Garmin, Nippon, Faurecia, Robert Bosch GmbH, Valeo, Clarion, Calsonic Kansei Corporation and Magneti Marelli.
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Vehicle
• Advanced Head Unit
• Camera Based Driver Monitoring
• Digital Instrument Cluster
• Head-Up Display
Electric Vehicle Types Covered:
• Plug-In Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)
• Battery Electric Vehicle (BEV)
• Internal Combustion Engine (ICE)
• Mid-segment Cars
• Luxury Cars
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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