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.
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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
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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
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. |
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.
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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