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

Global Automotive Cockpit Electronics Market Definition

An automotive cockpit electronics is located below the windshield of the vehicle. Easy access to the cockpit helps the driver to maintain focus on driving along with making cockpit adjustments. The area dedicated to driver information and center stack electronics is referred to as the Automotive Cockpit Electronics. It includes infotainment devices such as high definition radio receivers, a navigation system, braking, steering, traction, and other safety and entertainment devices.

Global Automotive Cockpit Electronics Market: Key Insights

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

The global automotive cockpit electronics market is estimated to garner a revenue of ~USD 61 Billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 50 Billion in the year 2022. 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. 

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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.

Global Automotive Cockpit Electronics Market: 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

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.

Global Automotive Cockpit Electronics Market Regional Synopsis

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.

Market Segmentation

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

Top Featured Companies Dominating the Global Automotive Cockpit Electronics Market

• 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