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The Automotive Cockpit Electronics Market to see the influx of robotics for daily tasks
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What are the Key Takeaways from automotive cockpit electronics market?
Head-up displays hold the largest market share with respect to value and volume due to an extensive demand for luxury and premium passenger cars.
By end-market, luxury passenger cars are expected to be the quickest growing sector. As stated above, hoards of OEMs are onto the mode of inclusion of windshield head-up display and high-end infotainment in luxury passenger cars.
By type of fuel, the BEVs (battery electric vehicles) are expected to grow at the fastest rate.
North America and Europe dominate the market. However, in future, it would be the Asia-Pacific taking the pie. This could be attributed to the rising awareness amongst the people regarding air pollution. Also, companies in countries like Japan, Korea, China, and India are looking forward to make better inroads to automotive cockpit electronics market.
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How is the automotive cockpit electronics market structured?
The key players in the automotive cockpit electronics market include Continental AG, Visteon Corporation, Robert Bosch GmbH, Harman International, and Delphi Automotive PLC. As of now, automotive OEMs like General Motors, Volkswagen AG, and Daimler AG employ automotive cockpit electronics.
The players mentioned above are onto the inorganic expansion mode to strengthen their foothold. At the same time, on the organic front, Harman Automotive has its constellation of connected vehicle solutions as well as services for motor vehicle and automotive industries.
Conclusion
The global automotive cockpit electronics market is expected to witness transition in terms of revenue generation post-Covid-19 era. Till then, sustenance would be needed in the form of strategic planning.
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