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Worldwide Automotive Cockpit Electronics Market Size, Share, Development, Growth and Demand Forecast to 2023
Automotive Cockpit Electronics Market
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Based on product type, the global automotive cockpit electronics market can be segmented as driving control system, infotainment, driving assistance system, and comfort system. Based on the type of automobile, the global automotive cockpit electronics market can be broadly classified as sedan cars, hatchback cars, sport utility vehicles (SUV), and others.
The automobile manufacturers are facing crucial issues regarding safety requirements, since a long time. As a result, the government regulation towards the passenger safety and environment has become more stringent in the recent years. Many latest advanced features, such as electronic stability control (ESC), advanced driver assistance systems (ADAS), tire pressure monitoring systems (TPMS), and Anti-lock braking system (ABS), have boosted the automotive cockpit electronics market in the recent years.
Most of the automotive manufacturers in the U.S. run fully integrated operations within the country including research, and development (R&D). The automotive R&D, along with the technical up gradation is expanding in the U.S. for meeting the stringent safety regulations.
The Asia-Pacific automotive cockpit electronics market is growing at the fastest pace. The increasing middle class population, upsurge in urbanization, and strengthening transportation infrastructure in developing countries such as India and China has raised the demand for passenger cars in Asia-Pacific to a considerable level, which in turn is fueling the growth of the automotive cockpit electronics market. The passenger car market in China has witnessed a double digit growth rate, in the past few years.
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Some of the competitors in the automotive cockpit electronics market are Continental AG, Visteon Corporation, Alpine Electronics Inc., Panasonic Corporation, Robert Bosch GmbH, DENSO CORPORATION, Harman International Industries Inc., Clarion Company Ltd., Delphi Automotive PLC, and Garmin Ltd.
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