Automotive Digital Cockpit Market Share 2022 Recent Trends by Players: Continental AG, Denso Corporation, Faurecia, Garmin Ltd., HARMAN International, Hyundai Mobis, Etc. | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the increased adoption of in-vehicle telematics, infotainment system, safety and pollution sensors, navigation, and the internet of things is a prominent factor driving the demand for automotive digital cockpit solutions.

Automotive Digital Cockpit Market Growth & Trends

The global automotive digital cockpit market size is expected to reach USD 36.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.8% from 2021 to 2028. The rising demand for automotive cockpit electronics, autonomous vehicle technology, and advanced safety features such as advanced driver assistance systems is expected to drive market growth. The changing consumer buying behavior and increasing demand for enhanced in-vehicle experience, coupled with the global growth of the high-end, premium, and luxury car segments, are also expected to fuel the growth of the market.

The surge in demand for vehicle connectivity and navigation system in the automotive sector has led to the increasing usage of visualization technology. Modern-day cars are highly influenced by unique consumer demands and advancements in digital technologies. The automotive industry is focused on offering more personalized experiences to drivers and vehicle occupants. Moreover, companies are developing innovative solutions to ensure seamless connectivity between the vehicle and external devices. The integration of vehicle systems can be considered as the most significant development. The digital cockpit architecture has become more capable and robust owing to the integration of the Advanced Driver Assistance Systems (ADAS) functionality for enhanced safety and security and cloud-based services.

Browse full report with Table of Content @: https://www.grandviewresearch.com/industry-analysis/automotive-digital-cockpit-market

In the wake of the coronavirus pandemic, lockdowns and social distancing norms have been implemented globally. The overall automotive production volumes have declined globally on a year-on-year basis, mainly due to decreased production volumes in North America and Europe, among other regions. According to Organisation Internationale des Constructeurs d’Automobiles (OICA), automobile production globally dropped by more than 15%, i.e., 77.6 million units in 2020 compared to 91.7 million units in 2019. However, as restrictions ease in various economies, the market can expect a period of respite for the short-term owing to the increased demand for passenger cars from the middle-class population, in turn, is increasing the demand for automotive digital cockpit over the forecast period.

Automotive Digital Cockpit Market Report Highlights

The head-up display segment is expected to register the highest CAGR of over 15.0% from 2021 to 2028 owing to the integration of augmented reality for enhanced safety and driving experience
The LCD-TFT segment dominated the market in 2020 and is anticipated to generate revenue over USD 19.0 billion by the end of the forecast period, owing to the temperature and durability standards provided by LCD-TFT displays
The passenger car segment accounted for the largest revenue share of around 80.0% of the overall market in 2020. The increasing demand for connected car features in passenger vehicles and the onset of autonomous vehicles is expected to drive the segment
In Asia Pacific, the market is accounted for the largest revenue share in 2020. This growth can be attributed to the increased production and sales of passenger vehicles in the region

For Requesting a Sample Copy of This Report, Please Visit @https://www.grandviewresearch.com/industry-analysis/automotive-digital-cockpit-market/request/rs1

 

Automotive Digital Cockpit Market Segmentation

Grand View Research has segmented the global automotive digital cockpit market on the basis of equipment, display technology, vehicle type, and region:

Automotive Digital Cockpit Equipment Outlook (Volume, Units; Revenue, USD Billion, 2016 – 2028)

Digital Instrument Cluster
Driving Monitoring System
Head-up Display (HUD)

Automotive Digital Cockpit Display Technology Outlook (Volume, Units; Revenue, USD Billion, 2016 – 2028)

LCD
TFT-LCD
OLED

Automotive Digital Cockpit Vehicle Type Outlook (Volume, Units; Revenue, USD Billion, 2016 – 2028)

Passenger Cars
Commercial Vehicles

Automotive Digital Cockpit Regional Outlook (Volume, Units; Revenue, USD Billion, 2016 – 2028)

North America
U.S.
Canada
Europe
U.K.
Germany
Spain
Asia Pacific
China
Japan
India
Latin America
Brazil
Mexico
Middle East and Africa

Key Players of Automotive Digital Cockpit Market

Continental AG
Denso Corporation
Faurecia
Garmin Ltd.
HARMAN International
Hyundai Mobis
Panasonic Corporation (Panasonic Automotive Systems Europe GmbH)
Pioneer Corporation
Robert Bosch GmbH
Visteon Corporation

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/451558/ibb

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/automotive-digital-cockpit-market