Automotive Cockpit Systems Market Size, Share, Growth Analysis, By Equipment(Digital Instrument Cluster, Driving Monitoring System, Head-up Display (HUD)), By Display technology(LCD, TFT-LCD, OLED), By vehicle type(Passenger Cars, Commercial Vehicles), By Region - Industry Forecast 2024-2031

Global Automotive Cockpit Systems Services Market size was valued at USD 23.88 billion in 2022 and is poised to grow from USD 26.03 billion in 2023 to USD 51.86 billion by 2031, growing at a CAGR of 9.00% in the forecast period (2024-2031).

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.