Automotive Cockpit Electronics Market Size, Share, Scope and Forecast 2034

 As per a recent report by Fact.MR, the size of the global automotive cockpit electronics market has been estimated to be worth US$ 56.1 billion in 2024 and is likely to move forward at a 5% CAGR (2024-2034) to reach a valuation of US$ 91.2 billion towards the end of 2034.

A major trend within the automotive cockpit electronics market is the pace of technology developments, ranging from advanced driver-assistance systems (ADAS) to electric vehicle incorporation and in-car connectivity. Global demand for autonomous vehicles and electric vehicles is also increasing gradually, which will propel growth of this market. Automotive innovation within cockpit electronics will be one of the top concerns of automakers.

For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9985 

What are the Drivers of Global Automotive Electronics Market Growth?

"Strict Safety and Compliance Standards in Automotive Electronics"

Traditional cockpit components like steering, music systems, HVAC, brakes, and navigation systems are covered under it. These components are controlled manually. These distract drivers many times and increase the accident possibility.

Electronic cockpits have evolved several screens providing all the pertinent details. This amiable human machine interface (HMI) provides simple communication and vehicle control for the driver, enhancing vehicle safety and lowering the chances of accidents.

Country-wise Insights

China in the East Asia region is expected to maintain a dominant market share of 58.7% in 2024 with a market value of US$ 8.14 billion.

At the global level, the North American region has a dominant automotive cockpit electronics market share of approximately 27.8%, with the value of the market estimated at US$ 15.6 billion in 2024.

Category-specific Insights

Infotainment & navigation systems are highly sought after at present and have a dominant market share of 28.7% in 2024. The segment is estimated at US$ 16.11 billion in 2024 and is anticipated to grow to US$ 25.28 billion by 2034.

Passenger cars are estimated to capture a market share of 63.7% by 2024. The segment holds a market value of US$ 35.75 billion in the year 2024 and has been estimated to grow at 5.8% CAGR during 2034.

Competition Landscape

Continental AG, DENSO CORPORATION, Visteon Corporation, Harman International Industries Inc., Alpine Electronics Inc., Clarion Company Ltd., Delphi Automotive Plc, Robert Bosch GmbH., Panasonic Corporation, Garmin Ltd., Samsung Electronics, and Magneti Marelli are major players in the international automotive cockpit electronics market.

Industry participants are emphasizing market differentiation with digital offerings and fresh designs. Firms are aligning with technology leaders to access expertise and resources needed for the production of sophisticated electronic cockpits. Inter-industry collaboration with technology giants is enabling market participants to upgrade their products.

In January 2024, Visteon Corporation released SmartCore® Service Oriented Architecture (SOA) platform, AllGo® Connected Services, and SmartZone Zonal Controller concept. These are intended to expand its product line and provide it with a market competitive advantage.

In January 2024, Robert Bosch GmbH and Qualcomm Technologies, Inc. introduced the automotive industry's first-ever central vehicle computer. The platform is capable of running advanced driver assistance system (ADAS) features along with infotainment software on a single platform simultaneously.

In December 2023, Continental AG partnered with Korean semiconductor firm Telechips. Continental took this strategic step for cost minimization. It also introduced a new 'Smart Cockpit High-Performance Computer' for OEMs. This new HPC system is developed for cost-optimization and an efficient and streamlined solution for automakers.

Segmentation of Automotive Cockpit Electronics Market Research

  • By Product :
    • Infotainment & Navigation
    • Information Displays
    • Head-up Displays
    • Instrument Clusters
    • Telemetric
  • By Vehicle Category :
    • Passenger Vehicles
    • Commercial Vehicles
  • By Region :
    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

Comments

Post a Comment

Popular posts from this blog

Aircraft Seat Market - Growth Analysis and Forecast by 2034

  The aircraft seat market in North America is expected to increase at a compound annual growth rate (CAGR) of 6.5% through 2034. A surge in market demand in important nations, especially the United States and Canada, is the main cause of the noteworthy increase. With a projected 72.3% market share in 2024, the US led the business. The global aircraft seats market is projected to be valued US$4,595.2 million in 2024. It is predicted to grow at a 6.1% CAGR. By 2034, the market for airplane seats is projected to grow at a rate of US$ 8,307.3 million. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=9534 The term "aircraft seat" describes the seats that are given to passengers during flight; these seats are made to guarantee comfort, safety, and effective use of the cabin's space. Class-based seating arrangements, including economy, business, and first class, are an essential component of an aircr...
Read more

𝐅𝐨𝐫𝐠𝐞 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐌𝐞𝐭𝐚𝐥 𝐅𝐨𝐫𝐠𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐚𝐧𝐝 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬

Image
he metal forging industry is witnessing an exciting era of innovation, with advancements in techniques and materials reshaping the landscape of manufacturing. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.factmr.com/connectus/sample?flag=S&rep_id=4524 The global metal forging market reached a valuation of US$ 103.8 billion in 2023. Projections suggest that by 2033, it is poised to surge to US$ 208 billion. Anticipated growth indicates a steady rise in global demand for metal forging solutions, with a projected compound annual growth rate (CAGR) of 7.2% from 2023 to 2033. 𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 : 𝐂𝐮𝐭𝐭𝐢𝐧𝐠 - 𝐄𝐝𝐠𝐞 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 : Discover how novel forging techniques are revolutionizing the way we shape metal components. From precision forging and hot forming to additive manufacturing and hybrid processes, these innovations are pushing the boundaries of what's possible in metal fabrication. 𝐌𝐚𝐭𝐞𝐫𝐢𝐚?...
Read more

Automotive Front End Module Market Revenue, Insights, Overview, Outlook, Analysis 2032

  The global vehicle front-end module market was valued at US$ 119 billion in 2021. It is projected that the market will be valued US$ 125.04 billion by 2022. The market is expected to start growing positively during the 2022–2032 forecast period, with a compound annual growth rate (CAGR) of 5.07% to reach US$ 205.1 billion. Automotive front-end module sales are probably going to stay focused in the Asia Pacific region's growing nations, which exclude Japan (APEJ). According to the report, China's fast changing automotive sector is likely to further solidify the country's dominance in the Asia Pacific excluding Japan (APEJ) automotive front end module market. By the end of 2022, it is anticipated that sales of automobile front end modules in APEJ would have surpassed US$ 55,000 Mn, making it a desirable market for stakeholders. The vehicle front end module industry is witnessing a tug-of-war between North America and Europe, with Europe holding a minor advantage.   Reques...
Read more