Industry Background:
The growing adoption of HMI in mass vehicle segment will help to drive car digital cockpit market all over the world. There are various equipment’s are used in car digital cockpit including digital instrument cluster, advanced head unit, HUD and camera based driver monitoring system. Car digital cockpit is applicable for various cars such as economic passenger cars, luxury cars and mid-segment cars. Rising number of connected cars and hardware consolidation will help to boost car digital cockpit market all over the world.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Visteon (United States), Robert Bosch (Germany), Continental (Germany), Denso (Japan), Panasonic (Japan), Magneti Marelli (Italy), Hyundai Mobis (South Korea), Garmin (United States), Nippon Seiki (Japan) and Pioneer (Japan) |
According to AMA, the market for Car Digital Cockpit is expected to register a CAGR of 13.59% during the forecast period to 2028. This growth is primarily driven by Rising Number of Connected Cars and Hardware Consolidation and Increase in the Adoption of Low-Cost Compact Cars.
Globally, a noticeable market trend is evident High Adoption of Electric Vehicles
The Automobiles sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Visteon (United States), Robert Bosch (Germany), Continental (Germany), Denso (Japan), Panasonic (Japan), Magneti Marelli (Italy), Hyundai Mobis (South Korea), Garmin (United States), Nippon Seiki (Japan) and Pioneer (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global car digital cockpit market appears to be fragmented and with the presence of several companies including Bosch and Continental. The competitive environment is quite intense. To gain market share key players need to focus on various factors such as the increasing introduction of holographic display and the falling prices of LCD/TFT display giving economies of scale benefits. This will provide considerable growth opportunities to car digital cockpit manufactures.
Key Developments in the Market:
On 4th April 2019, T-Systems and Argus Cyber Security, an independent subsidiary of the technology company Continental, will work together on cyber defense for cars. T-Systems is planning a Security Operations Center specializing in vehicles (Automotive SOC).
On 28th March 2019, the world’s leading supplier of automotive digital instrument clusters has launched industry’s first fully digital cluster displaying holographic objects on the all-new PEUGEOT 208. Part of PEUGEOT’s unique 3D i-Cockpit, the instrument cluster represents the first real 3D cluster in automotive production.
Influencing Trend:
High Adoption of Electric Vehicles and Fueling Demand Due to Innovative Technologies for Advanced User Interface (UI)
Market Growth Drivers:
Rising Number of Connected Cars and Hardware Consolidation and Increase in the Adoption of Low-Cost Compact Cars
Challenges:
Consolidation of Ecus and Rising Concern about High Cost of Advanced Head-Up Display Systems
Restraints:
Growing Trend of BYOD (Bring Your Own Device) and Increasing Concern about Cybersecurity Threats for Domain Controllers
Opportunities:
High Demand for Semi-Autonomous and Autonomous Cars and Evolution in Adjacent Markets like Adas
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Car Digital Cockpit Market
- Analysis about New Entrants in Car Digital Cockpit Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Car Digital Cockpit Study Sheds Light on
The Car Digital Cockpit Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Car Digital Cockpit industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Car Digital Cockpit industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.