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Report Scope & Overview:

Automotive Digital Cockpit Market Size was valued at USD 23.87 billion in 2022 and is expected to reach USD 50.42 billion by 2030 and grow at a CAGR of 9.8% over the forecast period 2023-2030.

A digital cockpit is a collection of digital instruments, such as an infotainment system, that are installed in a motor vehicle to provide the driver with trustworthy information regarding the vehicle's safety. These instruments often include one or more digital screens and knobs. The digital cockpit helps drivers improve their attention, focus, and overall experience while they are behind the wheel by providing access to media and maps through the use of instrumental clusters, HMI applications, and wireless connectivity within the car. In today's vehicles, the digital cockpit has developed into an essential and highly desirable component as a result of the growing demand among customers for immersive digital experiences and technologically advanced features.

Automotive Digital Cockpit Market Revenue 2030

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In 2020, Visteon debuted the latest generation of its digital cockpit technology platforms. This system contains an information and entertainment solution for connected cars that is an Android information and entertainment solution for seamless connectivity.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Increasing the number of vehicles produced.

  • Electric vehicles are experiencing a surge in popularity.

  • An increasing need for vehicles with a better user experience.

  • Escalating worries about the safety of both drivers and passengers.

  • The industry benefits from OEMs' promotion as cutting-edge features and from consumers' use.

RESTRAINTS: 

  • The high price of a digital cockpit.

  • The market is projected to be hampered by fluctuations in raw material prices.

OPPORTUNITIES: 

  • Breakthroughs in in-car human-machine interface technology.

  • Rising middle-class incomes, and expanding economies.

  • Holographic displays, which are becoming increasingly common, offer growth prospects for the market.

CHALLENGES: 

  • As a result of the pandemic that is currently going on, the market might experience some difficulties.

  • Productivity and supply chains have been severely disrupted because of the global pandemic.

IMPACT OF COVID-19:

The global Automotive Digital Cockpit Market has been hit hard by the unprecedented COVID-19 outbreak. There has been a global epidemic that has disrupted supply chains and damaged manufacturing operations. In addition, production volumes decreased and shipments were delayed, resulting in significant losses for the global market. As of 2020, the Market's overall volume growth rate has decreased. Business dynamics will change in 2020. The major companies in the Automotive Digital Cockpit Industry have implemented new methods to help it expand. The global market is predicted to expand its market share over the next few years, according to the current situation.

KEY MARKET PLAYERS:

Continental AG; Robert Bosch GmbH, Faurecia; Garmin Ltd.; Denso Corporation; HARMAN International; Hyundai Mobis; Panasonic Corporation, Pioneer Corporation; Visteon Corporation are some of the affluent competitors with significant market share in the Automotive Digital Cockpit Market.

MARKET ESTIMATION: 

Market, By Equipment:

Based on the equipment segment, the global market has been divided into Digital Instrument Cluster, Driving Monitoring System, and Head-up Display (HUD). The driver monitoring system category accounted for 48.3% of the market for the vehicle digital cockpit in 2020. More than 11.7 percent volume-based CAGR is predicted for the head-up display market in the forecast period. In a head-up display (HUD), information is shown directly in the driver's line of vision.

Market, By Display Technology:

The global market has been divided into LCD, TFT-LCD, and OLED based on the display technology segment. TFT-LCD displays dominated the vehicle digital cockpit market in 2020, accounting for 55.0% of revenue. TFT LCDs are utilized in digital cockpit displays to meet temperature and durability demands. The OLED display segment is expected to grow 12.0% from 2021-to 2028.

Market, By Vehicle Type:

The global market has been divided into passenger cars and commercial vehicles based on the vehicle type segment. Passenger cars accounted for more than 80% of the market for automotive digital cockpits in 2020, according to a new report. Passenger car demand for connected car features is likely to rise, as will the introduction of self-driving cars. A CAGR in excess of 10% is predicted for the commercial vehicle market throughout the forecast period.

MARKET SEGMENTATION:

By Equipment:

  • Digital Instrument Cluster

  • Driving Monitoring System

  • Head-up Display (HUD)

By Display Technology:

  • LCD

  • TFT-LCD

  • OLED

By Vehicle Type:

  • Passenger cars

  • Commercial vehicles

Automotive Digital Cockpit Market Segment Pie Chart

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REGIONAL ANALYSIS:

The automobile digital cockpit market was dominated by the Asia Pacific in 2021, with a revenue share of 55.6%. Over the forecast period, it is expected to maintain its lead with a CAGR of more than 11%. The region's rising production and sales of passenger cars are to blame for this expansion. There is a growing need for automobiles in the region, which has led to an increase in the market for mid-sized premium and luxury car sectors. A significant portion of the overall automobile digital cockpit market has been taken in Europe. Automotive OEMs and high-end automobile manufacturers have a strong presence in the region. OEMs have invested heavily in the region's automotive manufacturing sector. The market is expected to be propelled forward by the presence of advanced automotive display features in the cars of the majority of luxury car manufacturers in the region.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Digital Cockpit Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 23.87 Billion
Market Size by 2030 US$ 50.42 Billion
CAGR CAGR of 9.8% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Equipment (Digital Instrument Cluster, Driving Monitoring System, Head-up Display (HUD))
• by Display Technology (LCD, TFT-LCD, OLED), by Vehicle Type (Passenger cars, Commercial vehicles)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Continental AG; Robert Bosch GmbH, Faurecia; Garmin Ltd.; Denso Corporation; HARMAN International; Hyundai Mobis; Panasonic Corporation, Pioneer Corporation; Visteon Corporation
Key Drivers •Increasing the number of vehicles produced.

•Electric vehicles are experiencing a surge in popularity.

•An increasing need for vehicles with a better user experience.
RESTRAINTS •The high price of a digital cockpit.

•The market is projected to be hampered by fluctuations in raw material prices.

Frequently Asked Questions

A digital cockpit is a collection of digital instruments, such as an infotainment system, that are installed in a motor vehicle to provide the driver with trustworthy information regarding the vehicle's safety. These instruments often include one or more digital screens and knobs.

The market is expected to reach USD 50.42 billion by 2030.

Continental AG, Robert Bosch GmbH, Faurecia, Garmin Ltd.; Denso Corporation, HARMAN International, Hyundai Mobis, Panasonic Corporation, Pioneer Corporation, and others in final report.

  • Breakthroughs in in-car human-machine interface technology.
  • Rising middle-class incomes, and expanding economies.

The forecast period of Automotive Digital Cockpit Market 2023-2030.

Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Digital Cockpit Market Segmentation, By Equipment

8.1 Digital Instrument Cluster

8.2 Driving Monitoring System

8.3 Head-up Display (HUD)

 

9. Global Automotive Digital Cockpit Market Segmentation, By Display Technology

9.1 LCD

9.2 TFT-LCD

9.3 OLED

 

10. Global Automotive Digital Cockpit Market Segmentation, By Vehicle Type

10.1 Passenger cars

10.2 Commercial vehicles

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Faurecia,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Continental AG

12.3 Robert Bosch GmbH

12.4 Garmin Ltd.

12.5 Denso Corporation

12.6 HARMAN International

12.7 Hyundai Mobis

12.8 Panasonic Corporation

12.9 Pioneer Corporation

12.10 Visteon Corporation

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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