Automotive Digital Cockpit Market Expert Guide to Boost the Industry in Global Market Share

The global automotive digital cockpit market was valued at USD 14.7 billion in 2018 and is estimated to surpass 36 Billion by 2026 and is projected to expand at a CAGR of approximately 14% during the period, 2020 – 2026. The growth of the market in the forecasted period is attributed to the increase in the number of innovations in the domain of vehicle human machine interface and rise in the number of connected vehicles.

The digital cockpit offers solutions that includes a combination of digital instruments along with infotainment systems which includes one or two digital screens. It includes at least three knobs and displays and the installation is carried out in vehicles in accordance to the requirements of  the driver and passenger. Infotainment platforms, wireless connectivity and HMI applications are some of the features present in the digital cockpit of the vehicle, which leads to a better driving experience. High number of electronic components are present in modern vehicles. Additionally, adoption of IOT, telematics along with rise in usage of information, navigation, remote diagnostics, and safety in connected vehicles is expected to fuel the growth of the automotive digital cockpit market during the forecast period. Growth in demand for intelligent transportation system and effective usage of advanced technologies is leading to the creation of safer vehicles, which is anticipated to fuel the growth of the automotive digital cockpit market during the forecasted period. Furthermore, rise in the sales of electric vehicle is expected to boost the growth of the  automotive digital cockpit market during the forecasted period.

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Market Trends, Drivers, Restraints, and Opportunities:

• The constant innovations and technologies introduced in vehicle safety and infotainment system features are expected to fuel the demand for digital cockpits during the forecasted period.
• Highlighting the digital cockpit functions by automotive manufacturers as few of the most advanced features and introducing these features in the economy and mid-priced segment of the passenger cars is expected to increase the growth of the market.
• Fluctuating prices of the raw materials and the overall high cost to manufacture the digital cockpit system is expected to act as a restraint to the growth of this market.
• Factors such as increase in the disposable income of middle class group of emerging economies, rise in the demand and popularity of electric vehicles is expected to be an opportunity for the market’s growth.
• Advanced technologies such as introduction of autonomous or connected vehicles hybridization, electrification and are some of the trends expected to fuel the demand of the automotive digital cockpit.

Competitive Landscape

Major players in the global automotive digital cockpit market include Continental, Visteon, Clarion, Denso, and Robert Bosch. Visteon is expected to dominate the market in the forecasted period. The reasons behind Visteon retaining its leading position include partnership, mergers and acquisition and new product development. The company also focused on strengthening its product portfolio and has tried to increase its presence globally by building customer relationships. It has also managed to increase its presence in emerging markets such as India.

Segments Covered in the Report

The global automotive digital cockpit market has been segmented on the basis of

By Equipment:

• Camera Based Driver Monitoring System
• HUD
• Advanced Head Unit
• Digital Instrument Cluster

By Vehicle Type:

• Commercial Vehicle
• Passenger Vehicle

By Electric Vehicle:

• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-in Hybrid Electric Vehicle

By Regions:

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

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The following is the TOC of the report:

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Digital Cockpit Market Overview

4.1. Introduction

4.1.1. Market Taxonomy

4.1.2. Market Definition

4.2. Macro-Economic Factors

4.2.1. Industry Outlook

4.3. Automotive Digital Cockpit Market Dynamics

4.3.1. Market Drivers

4.3.2. Market Restraints

4.3.3. Opportunity

4.3.4. Market Trends

4.4. Automotive Digital Cockpit Market – Supply Chain

4.5. Global Automotive Digital Cockpit Market Forecast

4.5.1. Automotive Digital Cockpit Market Size (US$ Mn) and Y-o-Y Growth

4.5.2. Automotive Digital Cockpit Market Size (000? Units) and Y-o-Y Growth

4.5.3. Automotive Digital Cockpit Market Absolute $ Opportunity

5. Global Automotive Digital Cockpit Market Analysis and Forecast by Type

5.1. Market Trends

5.2. Introduction

5.2.1. Basis Point Share (BPS) Analysis by Type

5.2.2. Y-o-Y Growth Projections by Type

5.3. Automotive Digital Cockpit Market Size and Volume Forecast by Type

5.3.1. Hardware

5.3.2. Software

5.4. Absolute $ Opportunity Assessment by Type

5.5. Market Attractiveness/Growth Potential Analysis by Type

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