Global Automotive Cockpit Electronics Strategic Market Report 2022-2024 and 2030: How Developers of Connected Cars Are Responding to Evolving Customer Expectations

DUBLIN, Feb. 26, 2024 /PRNewswire/ — The “Automotive Cockpit Electronics – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Automotive Cockpit Electronics Market to Reach $49.1 Billion by 2030

The global market for Automotive Cockpit Electronics estimated at US$29 Billion in the year 2022, is projected to reach a revised size of US$49.1 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030. Infotainment & Navigation, one of the segments analyzed in the report, is projected to record a 7.3% CAGR and reach US$17.8 Billion by the end of the analysis period. Growth in the Information Display segment is estimated at 6.8% CAGR for the next 8-year period.

The global economic update sheds light on the prevailing economic conditions worldwide, including the impact of the pandemic on various industries. Specifically, in the automotive sector, the report highlights the competitive scenario within the automotive cockpit electronics market. Vendors are intensifying their focus on product innovation to gain a competitive edge in this market segment.

Amidst this competitive landscape, market participants are driving innovations and advancements in automotive cockpit electronics. These innovations aim to enhance safety and driving experiences for consumers. The report also provides insights into the market share of key competitors in the automotive cockpit electronics market, along with an analysis of their competitive presence globally.

An introduction to automotive electronics sets the stage for understanding the significance of cockpit electronics in advancing the automotive space. With factors favoring the adoption of automotive cockpit electronics, the market is poised for significant growth despite the challenges posed by the COVID-19 pandemic.

The U.S. Market is Estimated at $8.4 Billion, While China is Forecast to Grow at 8.2% CAGR

Infotainment and navigation systems remain crucial contributors to the automotive cockpit electronics market. Regional analysis reveals that the Asia-Pacific region is experiencing rapid growth in this market segment, outpacing North America.

The Automotive Cockpit Electronics market in the U.S. is estimated at US$8.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$10.5 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 5.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.8 Billion by the year 2030.

MARKET TRENDS & DRIVERS

Encouraging Outlook for Automobile Production Despite Disruptions Bodes Well for the Automotive Cockpit Electronics MarketGlobal Light Vehicle Production (In Million Units) for Years 2019 through 2025Smart Cockpits Gain Momentum, Automotive SiP Modules Facilitate the TrendComputing Capability of the Smart Cockpit: An InsightVehicle Electronification Trends Aid Cockpit Electronics Market Sustain the MomentumEmphasis on Electric Vehicles to Fuel Robust DemandAutonomous Vehicles: Another Growth Vertical for Cockpit ElectronicsConnected Cars Solidify the Relevance of Integrated Cockpit ElectronicsHow Developers of Connected Cars Are Responding to Evolving Customer ExpectationsRising Interest in HUDs to Underpin Revenue GrowthAugmented Reality Enabled Futuristic HUDs Seek RoleIncreasing Demand for On-Board Infotainment & Navigation Systems Bodes WellEmergence of Automotive Digital Cockpit Set to Transform In-Vehicle ExperienceModern Infotainment Systems Enable Differentiated In-Vehicle ExperienceGrowing Reliability of In-Car Internet & Networking to Fuel Demand for Infotainment SystemsAdvanced On-Board Infotainment Systems Make Their Way Into the MarketEvolving Role of V2X to Further Enhance the Importance of Cockpit ElectronicsCockpit Electronics Becomes Relevant in Electronic Toll CollectionTelematics: Key Cockpit System in Modern Automotive VehiclesITS Spurs Demand for Embedded Telematics ECUSmartphones Incorporate Additional Convenience in Cockpit Electronic SystemsSmartphone Apps Improve Usability of Cockpit Systems5G Cellular Connectivity to Widen Addressable Market for Cockpit ElectronicsNew Generation Software Tools Widen Market ProspectsAdvancements in Semiconductor Technology Rev Up Market OpportunitiesEvolution in HMI Technology Instigates Amendments to Cockpit Electronics DesignHMI Advancements Driven by Customer ExpectationsAltia Offers New HMI Platform for Advanced Automotive Cockpit Display ApplicationsInstrument Panels and Control Panels Witness Design Enhancements

FOCUS ON SELECT PLAYERS (Total 71 Featured)

Denso CorporationDaimler AGContinental AGAlps Alpine Co., Ltd.Pioneer CorporationHARMAN International Industries, Inc.JVCKENWOOD CorporationGarmin Ltd.Clarion Co., Ltd.Innolux Optoelectronics Co., Ltd.AvanStrate Inc.Peratech Holdco Ltd.Huizhou Desay SV Automotive Co., Ltd.Nippon Seiki Co LtdEnvisics

For more information about this report visit https://www.researchandmarkets.com/r/tlxdi9

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com   

For E.S.T Office Hours Call +1-917-300-0470 
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716 

Logo:  https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg 

View original content:https://www.prnewswire.com/news-releases/global-automotive-cockpit-electronics-strategic-market-report-2022-2024-and-2030-how-developers-of-connected-cars-are-responding-to-evolving-customer-expectations-302071409.html

SOURCE Research and Markets