The automotive cockpit electronics market is being driven by the ever-increasing demand for comfort features and improved safety in the automobiles. Plus, a broad spectrum of sensors is being introduced with amenities for modern-day automotive control. As such, upgraded vehicle infotainment systems and connected cars are being emphasized on by market players.
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They are inclusive of Delphi Automotive Plc, Continental AG, Clarion Company Ltd., Visteon Corporation, Robert Bosch GmbH, DENSO Corporation, and Harman International Industries, Inc. As per PMR, the global automotive cockpit electronics market will witness a stupendous CAGR between 2020 and 2030.
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What are the Key Takeaways from automotive cockpit electronics market?
- Head-up displays hold the largest market share with respect to value and volume due to an extensive demand for luxury and premium passenger cars.
- By end-market, luxury passenger cars are expected to be the quickest growing sector. As stated above, hoards of OEMs are onto the mode of inclusion of windshield head-up display and high-end infotainment in luxury passenger cars.
- By type of fuel, the BEVs (battery electric vehicles) are expected to grow at the fastest rate.
- North America and Europe dominate the market. However, in future, it would be the Asia-Pacific taking the pie. This could be attributed to the rising awareness amongst the people regarding air pollution. Also, companies in countries like Japan, Korea, China, and India are looking forward to make better inroads to automotive cockpit electronics market.
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