Automotive Cockpit Electronics Market to Grow As Demand for Luxury Cars Increases

Pune, India, December 2018/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Automotive Cockpit Electronics Market.

Market Insights:

Automotive cockpit electronics are available in nearly every vehicle as they consist of instrument panels and other important controls which assist in smooth driving. Relevant information is often displayed in the automotive cockpit and also includes various technologies such as integrated infotainment systems, driver assistance systems, and instrument clusters. Market Research Future's study of the global market has determined significant growth for the global automotive cockpit electronics market during the forecast period. Automotive cockpit electronics enhance the driving experience by increasing driving comfort as well as increase safety for both driver and passengers.

Innovative technologies such as heads-up display, and increasing demand and awareness of safety in automotive vehicles has drastically increased the demand for automotive cockpit electronics. The evolution of the driver assistance system and other technologies included in automotive cockpit electronics have also had a significant hand in improving demand and adoption. Moreover, the presence of a truly impressive demand for automotive vehicles which is increasing consistently is also a substantial factor driving the growth of the market. Rapid urbanization and the resultant increase in disposable incomes have increased the demand for automotive vehicles, particularly in emerging economies of the globe. The high safety standards being demanded and employed in vehicles is another driver of the global automotive cockpit electronics market. Moreover, the increasing demand for luxury vehicles has also increased the demand for advanced automotive cockpit electronics. The demand for advanced features in the instrument panel as well as the innovation around automotive cockpit electronics is expected to reveal market opportunities in the coming years.

Market Segmentation:

MRFR's segmental analysis of the market breaks it up into vital segments which have been determined on the basis of product type, technology type, end market, and region. Product types of automotive cockpit electronics have been segmented into heads-up display, infotainment & navigation, information display, telematics, instrument cluster, and others. Among these, the heads-up display segment have captured the largest share of the market due to the high demand for HUD in luxury and premium vehicles.

By technology type in the automotive cockpit electronics, the market has been segmented into basic, and advanced. The latter is expected to dominate the market as advanced systems offer superior safety features and improve the overall driving experience.

End markets for automotive cockpit electronics have bee segmented into economic passenger cars, luxury cars, and mid-scale priced vehicles. The luxury car segment has established itself as the leading segment in the market due to the high adoption rate of highly advanced automotive cockpit electronics in luxury and premium vehicles. High-end cockpit electronics are consistently being developed which will drive the segment's growth over and beyond the forecast period.

Regional Analysis

The global automotive cockpit electronics market has been segmented into various key geographic segments which include North America, Asia Pacific, Europe, and the Rest of the World. The Asia Pacific automotive cockpit electronics market leads the growth for the global market due to its prime position as market leader in terms of market share and growth. Emerging economies in the region have rising disposable incomes and are driving immense growth of the automotive industry as the region has also become a manufacturing hub. Increasing production of automotive vehicles in the region will also directly and positively impact the demand for automotive cockpit electronics. Leading country level markets in the region include India, Japan, and China.

Key Players:

Johnson Controls, Harman International, Delphi Automotive PLC, Robert Bosch GmbH, Alpine Electronics Inc., IAV, Magneti Marelli, Visteon Corporation, Continental AG, and Denso Corp. are among the key market participants that have been covered in MRFR’s competitive analysis of the global automotive cockpit electronics market.

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