MarkNtel Advisors recently published a detailed industry analysis of the Global Automotive Digital Cockpit Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Automotive Digital Cockpit Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Automotive Digital Cockpit Market is projected to grow at a CAGR of around 14.0% during the forecast period, i.e., 2023-28.
What are the major Driver the Global Automotive Digital Cockpit industry?
Surging Automotive Sales led to the Customization of Digital Cockpits for Convenience- Most automotive OEMs offer customizations in digital cockpits depending on buyers’ demands and preferences, with controls mounted on steering wheels or a voice control touch screen to operate the vehicle, focusing on providing an effortless driving experience to the driver with smoother vehicle functionality.
The advanced infotainment features with the constant advancements in vehicle safety features and assistance to the driver have been driving the market enlargement. In addition, the emergence of self-driving cars and further technological advances in cars and other vehicles, digitalization of compatible components, and the surging sales of vehicles, especially passenger vehicles and luxury cars, are expected to exponentially further the automotive digital cockpit industry growth.
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Growth Opportunity: Technological Advancement in Automotive with the Popularity of Connected or Autonomous Vehicles
The automotive enthusiasts’ community has increased exponentially with access to more information and technologically advanced components, gadgets, and information with global internet access. Inspired by this, manufacturers are investing in further research and developments in automotive by further digitalizing the cockpit system, safety features, and driver assistance system, which presents a growth opportunity to the software solutions providers, including human-machine interface (HMI). Thus, the positive graph of automotive sales with further scope for advancement in digital cockpits could fuel industry expansion in the forecast period.
What segments define the Global Automotive Digital Cockpit Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
- By Display Technology
- LCD
- TFT-LCD
- OLED
According to report, Among the three, TFT-LCD is expected to win the largest market share, as they are extensively used in digital cockpit displays for vehicles to meet the temperature and durability requirements of all digital cockpit displays.
- By Application
- Semi-Autonomous Vehicles
- Autonomous Vehicles
- Advanced Driver Assistance Systems
- By Equipment
- Digital Instrument Cluster
- Head-Up Display(HUD)
- Camera Based Driver Monitoring
According to report, Here, Camera-based Driver Monitoring is estimated to gain the dominating share of the Automotive Digital Cockpit Market.
- By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- By Electric Vehicle Type
- Plug in Hybrid Electric Vehicle
- Battery Electric Vehicle
- Hybrid Electric Vehicle
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Geographical Analysis: Global Automotive Digital Cockpit Market
- By Region
- North America
- South America
- Europe
- Asia-Pacific
- Rest of World
Global Automotive Digital Cockpit Market Share & Competitive Landscape:
The Automotive Digital Cockpit Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Automotive Digital Cockpit Market are:
- Aptiv
- Continental AG
- Denso Corporation
- Faurecia
- Harman International
- Luxoft
- Nvidia
- Pioneer Corporation
- Robert Bosch
- Visteon
Recent Developments in the Global Automotive Digital Cockpit Market
In March 2021, Faurecia and Immersion Corporation announced their strategic partnership aiming to enhance interactive haptic user interfaces with the Immersion Corporation’s latest innovations.
Questions Addressed in this Study
1.What factors are driving the Global Automotive Digital Cockpit Market growth?
2.How is the Global Automotive Digital Cockpit Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Automotive Digital Cockpit Market ?
4.What is the current size of the Global Automotive Digital Cockpit Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Automotive Digital Cockpit Market in terms of technological advancements and market expansion?
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