USD 23.88 billion
Report ID:
SQMIG45I2121 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
89
|Figures:
79
Automotive Cockpit Systems Market size was valued at USD 26.03 Billion in 2023 and is poised to grow from USD 28.37 Billion in 2024 to USD 56.53 Billion by 2032, growing at a CAGR of 9.00% during the forecast period (2025-2032).
The global market growth is driven by the rising adoption of in-vehicle telematics, entertainment systems, safety and pollution sensors, navigation, and the Internet of Things. Furthermore, the market would rise as a result of the rising demand for greater comfort, safety, and convenience in automobiles, particularly in emerging and developed nations. The market is also projected to rise as a result of the expanding luxury and high-end auto segment and the expanding adoption of autonomous vehicle technologies.
Cockpit systems are advancing to provide vehicle occupants with additional functionalities, safety capabilities, and greater entertainment experience alternatives in response to the changing mobility industry. The constraints of an analogue instrument cluster can be solved by OEMs by using a cockpit system in an automobile. It provides a digital driving experience that includes several screens, digital assistants, and different input methods. Automotive OEMs and suppliers can freely create interfaces that give a more suitable illustration of real-time data. Additionally expanding the scope to enable numerous safety-critical elements, such as ADAS, the digital interfaces.
The car industry is seeing an increase in demand for connected infotainment systems and digital cockpits. By the end of 2022, 3G/4G connection will be used by over 90% of passenger cars on the road to connect to the internet. As technology develops, it is anticipated that the usage and acceptability of Apple's CarPlay and Google's Android Auto standards will rise. Additionally, it is anticipated that the adoption of digital cockpits would expand over the course of the projection period, opening up promising potential for market expansion. Major automakers are developing more advanced digital cockpit technologies. Virtual cockpits are offered by the Volkswagen Group and Audi in vehicles including the Audi TT, Audi A6, RS 6 Avant, RS Q8, and Lamborghini Huracan.
US Automotive Cockpit Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 23.88 billion
Largest Segment
TFT-LCD display
Fastest Growth
TFT-LCD display
Growth Rate
9.00% CAGR
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Global Automotive Cockpit Systems Market is segmented on the basis of Equipment, display technology, vehicle type, and region. By Equipment, the market is segmented into Digital Instrument Clusters, Driving Monitoring Systems, and Head-up Displays (HUD). By display technology, the market is segmented into LCD, TFT-LCD, and OLED. By vehicle type, the market is segmented into Passenger Cars, Commercial Vehicles. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Automotive Cockpit Systems Market Analysis by Equipment
The driving monitoring system category dominated the automotive cockpit system market. Infotainment systems known as driving monitoring systems include a variety of interactive functions like entertainment, navigation, cabin climate control, and various safety and security elements like cutting-edge driver assistance systems. The development of driverless vehicles and improvements in vehicle communication is anticipated to increase demand for driving monitoring systems. The market is also being driven by various automakers' efforts to provide advanced driving monitoring system options in affordable and mid-segment vehicle models.
The fastest-growing segment of the global automotive cockpit systems is the head-up display segment. A head-up display is a clear screen that projects data into the driver's line of sight. Drivers no longer need to look down at the secondary display or instrument cluster to see important information like speed, indicator arrows for navigation, and warning signals thanks to head-up displays. Future head-up displays with augmented reality integration are anticipated to improve driving safety and comfort, fueling the segment's growth during the forecast period.
Global Automotive Cockpit Systems Market Analysis by Display Technology
The TFT-LCD display category dominated the market for the automobile digital cockpit. To meet the temperature and durability specifications of all notable car displays, TFT LCDs are frequently employed in digital cockpit displays for automobiles. Based on the range temperature sensitivity in vehicles and the purpose of the display, OEMs utilize a combination of LCD and TFT in displays. Touchscreen screens that are commonly made of LCD panels are installed in the driver monitoring system Centre console and the basic digital instrument cluster.
The fastest-growing segment of the global Automotive cockpit system market is the OLED display segment. Compared to other display technologies, such as LCD in consumer models, the adoption rate is lower. However, compared to other display technologies over the projected period, OLED automobile digital cockpit systems are anticipated to have faster adoption. Presently, a number of forthcoming automobiles have OLED display technology. In its E-Class and S-Class passenger automobiles, for instance, Mercedes-Benz plans to adopt LG OLED panels by 2021.
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North America dominated the global Automotive Cockpit Systems Market . North America, Europe, and Asia Pacific hold a disproportionate amount of the market for car cockpit systems. Due to the existence of multiple significant automakers and the high demand for luxury vehicles, North America has the largest market. The second-largest market is Europe, with Germany dominating the region due to its robust automotive sector and emphasis on cutting-edge technology. Due to rising consumer incomes, accelerating urbanization, and government actions to support electric vehicles, the Asia Pacific region is the market with the quickest rate of growth.
The fastest-growing region for the global Automotive Cockpit Systems Market is likely to be Asia-Pacific. The demand for premium and luxury automobiles is on the rise, disposable income is rising, and consumer awareness of vehicle safety features is expanding, all of which are factors that are driving the growth of the Automotive Cockpit Systems Market in the Asia-Pacific region. China, India, Japan, and South Korea are among the nations that have made significant contributions to the expansion of this sector in the region.
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Global Automotive Cockpit Systems Market Drivers
Drivers
Rising need for cutting-edge safety features
Consumers are becoming more interested in high-tech safety features like lane departure warnings, blind-spot identification, and collision avoidance, which are made easier by digital cockpits.
Rising interest in autonomous and electrified vehicles
Digital cockpits are becoming more popular as electric and driverless vehicles become more common since they need sophisticated technology to function.
Increasing Demand for Consumer Electronics and Telecommunication
The consumer electronics sector has experienced substantial and consistent growth over recent years, attributed to several factors driving market expansion. The proliferation of distribution channels and a rising working population have notably contributed to a surge in demand for various products, including mobile phones, laptops, and similar devices. According to the India Cellular & Electronics Association, India is projected to surpass 829 million smartphone users, reflecting the nation's growing technological integration.
Global Automotive Cockpit Systems Market Restraints
Security issues
Drivers' and passengers' safety and security could be jeopardized by cyberattacks and hacking because digital cockpits are connected to the internet and other devices.
Complexity of technology
Because of their complexity and high level of technical complexity, digital cockpits may not be widely adopted by smaller automakers or those lacking the requisite funding.
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The global Automotive Cockpit Systems Market is highly fragmented and competitive. The integrated digital display systems and controls that take the place of conventional analog gauges and controls in contemporary vehicles are referred to as the automotive cockpit. The cockpit increases safety, improves the driving experience, and gives drivers access to real-time data about their vehicle's performance and the world around it. Advanced driving assistance systems (ADAS), infotainment systems, and digital displays are the areas of expertise for Continental AG, a German automaker.
Top Player’s Company Profiles in Global Automotive Cockpit Systems Market
Global Automotive Cockpit Systems Market Recent Developments
In April 2023, Volkswagen entered into a software venture in China with Thundersoft, facilitated through its subsidiary CARIAD. This collaborative effort is directed at the development and enhancement of digital cockpit technologies specifically tailored for Volkswagen's vehicles within the market. The strategic partnership aligns seamlessly with the surging demand for advanced digital cockpit solutions in China's automotive sector.
In October 2022, Nvidia and Qualcomm emerged as influential forces significantly shaping the software-defined vehicle market, notably within China. Their substantial contributions underscore the growing significance of digital cockpits within the Chinese automotive landscape. This emphasis on digital cockpits stems from the rapid advancements in connectivity, integration of AI-based features, and the continuous pursuit of elevating user experiences.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Automotive Cockpit Systems Market analysis, as people seek more cutting-edge features and technologies in their cars, the automotive cockpit market is predicted to expand more. The digital cockpit is assuming a greater and more significance as a part of the in-car experience as connected, electrified, and autonomous vehicles proliferate.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 23.88 billion |
Market size value in 2031 | USD 51.86 billion |
Growth Rate | 9.00% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Cockpit Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Cockpit Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Report ID: SQMIG45I2121
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