Automotive Digital Cockpit Market Summary -
The global automotive digital cockpit market is projected to grow at a CAGR of 9.5% during
the forecast period. As per the Automotive Digital Cockpit Market research report, the global market for the automotive digital cockpit is projected to grow swiftly. According to analysts, the introduction of adaptive driver assistance systems (ADAS), as well as demand for advanced automotive cabins, will drive the market growth during the forecast period. The automotive digital cockpit market research report offers a comprehensive analysis of the global automotive digital cockpit market and its propulsion, region, vehicle type, and equipment segments.
The high cost involved in development along with slow economic growth in some countries are the elements that could influence the automotive digital cockpit market advancement throughout the forecast period. The automotive digital cockpit market research report by expert analysts is developed to assist organizations in the automotive digital cockpit market.
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Industry News
Qualcomm Technologies, Inc. today launched its next-generation digital cockpit solutions to Qualcomm SnapdragonTM Automotive Cockpit Platforms on the virtual Automotive Redefined Company: Technology Show. The automotive digital cockpit is transforming into the zonal architecture of electronic/electronic computing (E/E), powered by complexity, cost and central compute consolidation requirements. The Snapdragon Auto Cockpit Platforms of the 4th Generation were designed to resolve this transition to a zone architecture as a uniform and multifunctional solution.
Key players active in the market are Robert Bosch GmbH (Germany), Continental (Germany), Denso Corporation (Japan), Panasonic Corporation (Japan), Faurecia (France), Aptiv (Ireland), Harman International (US), Pioneer Corporation (Japan), Nippon Seiki Co., Ltd (Japan), and Visteon Corporation (US), among others.
COVID- 19 Impacts
The COVID- 19 pandemic affected the automotive digital cockpit industry severely. Pandemic-led logistics problems posed major challenges to industry players, such as obtaining raw components required to develop an automotive voice recognition system, attracting workforce from quarantine, and delivering end products. However, the automotive digital cockpit market is gradually picking up and is expected to grow exponentially during the assessment period.
Market Segmentation
The report is segmented into equipments, vehicle types, propulsion, and regions. The equipment segment is sub-segmented into head unit display (HUD), camera-based driver monitoring system, digital instrument cluster, and others. The vehicle type segment is sub-segmented into light commercial vehicles (LCV), heavy commercial vehicles (HCV), and passenger cars (PC).
The propulsion segment is sub-segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), internal combustion engine (ICE), plug-in hybrid electric vehicle (PHEV), and others. The region segment is sub-segmented into Europe, Americas, Asia Pacific, and the Rest-of-the-World.
Regional Analysis
Europe accounts for the largest automotive digital cockpit market value globally. The region is the global hub for luxuries, and high-end car manufacturers drive the automotive digital cockpit market growth. Besides, the surging demand for luxury/ premium cars and SUVs equipped with automotive digital cockpit systems substantiates the market growth. The vast presence of major automotive OEMs and tier-1 suppliers positively impacts the automotive digital cockpit market share. Additionally, OEMs constantly working on enhancing the conventional cockpit fosters regional market growth. Germany accounts for the largest automotive digital cockpit industry in the region, housing the world’s largest luxury car brands.
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