Market Analysis
The automotive digital cockpit market size is predicted to develop at a 9.5% CAGR between 2019- 2025, states the recent Market Research Future (MRFR) analysis. The automotive digital cockpit, simply put, is a collection of digital instruments along with the infotainment system & one or more digital displays. This is used in cars to improve the driving experience by offering better access to media and map using the car’s wireless connectivity, infotainment devices, and HMI application. The automotive digital cockpit finds extensive application in the automotive industry.
Various factors are propelling the global automotive digital cockpit market share. According to the recent MRFR report, such factors include the growing number of connected cars worldwide, the adoption of telematics, the internet of things, and the increasing use of safety & remote diagnostics, information, and navigation in connected cars, growing demand for intelligent transportation system. Additional factors adding market growth include the effective use of advanced technologies to make safer connected cars, increasing sales of electric cars, and increasing innovations in the vehicle human-machine interface.
On the contrary, fluctuating raw material prices, overall high manufacturing cost, and the ongoing COVID-19 impact are factors that may impede the global automotive digital cockpit market growth over the forecast period.
Key Players
Eminent players profiled in the global automotive digital cockpit market report include Visteon Corporation (US), Nippon Seiki Co., Ltd (Japan), Pioneer Corporation (Japan), HARMAN International (US), Aptiv (Ireland), Faurecia (France), Panasonic Corporation (Japan), Denso Corporation (Japan), Continental (Germany), and Robert Bosch GmbH (Germany).
Automotive Digital Cockpit Market@ https://stockmarketfunda.com/2020/11/13/impact-of-covid-19-on-automotive-digital-cockpit-market-2020-prosperous-growth-recent-trends-and-demand-by-top-vendors-visteon-corporation-nippon-seiki-co-ltd-pioneer-corporation/
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global automotive digital cockpit market based on equipment, vehicle type, and propulsion.
- By equipment, the global automotive digital cockpit market is segmented into a head-up display (HUD), camera-based driver monitoring system, digital instrument cluster display type, and advanced head unit. Of these, the camera-based driver monitoring system is predicted to lead the market over the forecast period.
- By vehicle type, the global automotive digital cockpit market is segmented into the heavy commercial vehicle (HCV), light commercial vehicle (LCV), and passenger cars. Among these, passenger cars will dominate the market over the forecast period.
- By propulsion, the global automotive digital cockpit market is segmented into the plug-in hybrid electric vehicle (PHEV), hybrid electric vehicle (HEV), battery electric vehicle (BEV), and internal combustion engine (ICE).
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Regional Analysis
Based on the region, the global automotive digital cockpit market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, Europe will spearhead the market over the forecast period. Continuous re-engineering of safety systems provided in high-end and luxury cars to improve the safety of the driver, new emission standards that are regulated via the government, and consumers growing adoption of electric cars are adding to the global automotive digital cockpit market growth in the region.
The global automotive digital cockpit market in North America is predicted to have sound growth over the forecast period. Strict security standards, coupled with increasing adoption of recent advances identified with driver security, are adding to the global automotive digital cockpit market growth in the region.
TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Automotive digital cockpit Market, By Segments
- Competitive Analysis
More….
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