Automotive Cockpit Electronics Market Size & Share, by Equipment (Digital Instrument Cluster, Advanced Head Unit, Camera-Based Driver Monitoring System); Application (Entertainment System Application, Passenger Comfort Application); End-user (Economic Passenger Cars, Mid-Priced Passenger Cars, Luxury Passenger Cars) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 339
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Automotive Cockpit Electronics Market size is poised to cross USD 61 Billion by the end of 2033, growing at a CAGR of 10% during the forecast period, i.e., 2023-2033. In the year 2023, the industry size of automotive cockpit electronics was over USD 50 Billion. The growth of the market can primarily be attributed to the growing concern for the rising incidence of road traffic injuries and crashes worldwide, which can be averted with easy access to automotive control mechanisms. According to the World Health Organization (WHO), Global Status Report on Road Safety 2018, about 1.3 million deaths occur each year because of road traffic crashes worldwide. 

Automotive cockpit electronics is an aggregate term used for infotainment, navigation, audio, driver information, digital, instrument cluster, and center stack electronics. The advance automotive cockpit electronics consist of multiple screens to display all relevant information in one place without causing any distraction for drivers. A human-machine interface with different components makes it easier for the user to communicate, control, and navigate smoothly.


Automotive-Cockpit-Electronics-Market
Get more information on this report: Request Free Sample PDF

Automotive Cockpit Electronics Sector: Growth Drivers and Challenges

Growth Drivers

  • Upsurge in the Demand for Vehicles – is responsible for the rising demand for automotive cockpit electronics as it significantly increases the comfort of driving.  Hence, the demand for vehicles is expected to drive the market growth of automotive cockpit electronics in the coming years. As per the data released in 2022 by the Federation of Automobile Dealers Associations (FADA), there was an increase in total vehicle retail value by 204% and 278% in passenger vehicles (PV) and commercial vehicles respectively.
  • Rising Gross Domestic Product (GDP) Per Capita – it was found that the GDP per capita rose from ~USD 11.10 thousand in the year 2020 to ~USD 13.40 thousand in 2022 worldwide.
  • Increasing Pedestrian Fatality Risk – according to World Health Organization, in the year 2018, the death risk rises for pedestrians hit by car fronts to ~4.5 times from 50 km/h to 65 km/h.
  • Growing Automobile Industry Exports – it is observed that the European automobile industry exports more than 5,000,000 motor vehicles every year, whereas a positive trade balance of ~2,000,000 units is being observed in 2020.
  • Growing Digitalization in Automotive Industry - according to the data, digital use increased by ~75% between Q1 and Q2 of 2022. The volume of 2022 has already surpassed the amount of 2021 YTD by about 12%.

Challenges

  • Rising Threat of Cyber Attacks - it was observed that from 2018 to 2022, the frequency of cyberattacks on cars increased by ~225%. Outnumbering the physical attacks from 4 to 1, in 2021, almost more than 80% were remote attacks.
  • Huge Cost Involved in Automotive Manufacturing
  • Complicated Software Designs

Automotive Cockpit Electronics Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

10%

Base Year Market Size (2023)

USD 50 Billion

Forecast Year Market Size (2033)

USD 61 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Automotive Cockpit Electronics Segmentation

End-user (Economic Passenger Cars, Mid-Priced Passenger Cars, Luxury Passenger Cars)

The global automotive cockpit electronics market is segmented and analyzed for demand and supply by end-user into economic passenger cars, mid-priced passenger cars, and luxury passenger cars. Amongst these segments, the mid-passenger car segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing demand for cars that can be distinguished from the surge in the sales of different cars worldwide. It was found that, in the year 2021, approximately 56 million units of cars were sold globally, showing an increase of ~ 4% from 2020.

Our in-depth analysis of the global automotive cockpit electronics market includes the following segments:

     By Equipment

  • Digital Instrument Cluster
  • Advanced Head Unit and Camera-Based Driver Monitoring System
  • Infotainment & Navigation
  • Telematics

      By Application

  • Entertainment System Application
  • Passenger Comfort Application
  • Driver Assistance Application

      By End-User

  • Economic Passenger Cars
  • Mid-Priced Passenger Cars
  • Luxury Passenger Cars

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Automotive Cockpit Electronics Industry - Regional Synopsis

Asia Pacific Market Forecast

The Asia Pacific automotive cockpit electronics market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth can be attributed to the industrial production structural changes along with the surged demand for automotive electronics with the increasing automobile production in the region. According to the International Organization of Motor Vehicle Manufacturers (OICA) data, in the year 2021, China produced ~21 407 962 passenger cars, becoming the largest producer in the world.

Research Nester
Automotive-Cockpit-Electronics-Market-size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Automotive Cockpit Electronics Landscape

top-features-companies
    • Samsung Electronics Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Continental Automotive GmbH
    • Robert Bosch GmbH
    • Denso Corporation
    • Faurecia Clarion
    • Garmin
    • Panasonic Corporation
    • Visteon Corporation
    • Alps Alpine Co., Ltd.
    • Delphi Automotive, PLC

In the News

  • Samsung Electronics Co., Ltd.’s - subsidiary Harman International Industries collaborated with ARD. The collaboration will provide automotive manufacturers to offer ARD Audiothek app in their vehicles.
  • Continental Automotive GmbH - signed a strategic cooperation agreement with the Pioneer Corporation for an integrated infotainment solution.

Author Credits:  Saima Khursheed


  • Report ID: 339
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising gross domestic product (GDP) per capita, increasing pedestrian fatality risk, and growing automobile industry exports are some of the major factors anticipated to drive the growth of the market.

The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2033.

High costs involved in automobile manufacturing, complicated software designs, and the rising threat of cyberattacks are some of the factors estimated to hamper market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Samsung Electronics Co., Ltd., Visteon Corporation, Denso Corporation, Robert Bosch GmbH, Continental Automotive GmbH, Garmin, Panasonic Corporation, Faurecia Clarion, Alps Alpine Co., Ltd., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by equipment, application, end-user, and by region.

The mid-priced passenger cars segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Automotive Cockpit Electronics Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying