Press release
Automotive Cockpit Electronics Market: Industry Analysis and Growth Forecast
Automotive Cockpit Electronics Market
As such, upgraded vehicle infotainment systems and connected cars are being emphasized on by market players. They are inclusive of Delphi Automotive Plc, Continental AG, Clarion Company Ltd., Visteon Corporation, Robert Bosch GmbH, DENSO Corporation, and Harman International Industries, Inc.
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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.
How is the automotive cockpit electronics market structured?
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.
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Covid-19 Effect on Automotive Cockpit Electronics market
The outbreak of Covid-19 has left almost the entire world in a fix, and automotive cockpit electronics market is no exception. With partial/total lockdowns inflicted all across, the OEMs have curbed the functioning of automotive cockpit electronics as the end-users are also not into full operation. This scenario is likely to continue till mid-2021 (till Covid-19 vaccine would probably be in place).
Analyst's Viewpoint
"The global automotive cockpit electronics market is expected to go great guns in the wake of battery electric vehicles being in demand. However, to see this market re-flourishing, the Covid-19 phase needs to pass".
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.
Key Market Players
Major companies operating in the automotive cockpit electronics market are Robert Bosch GmbH, Visteon Corporation, Alpine Electronics Inc, Panasonic Corporation, Continental AG, Garmin Ltd, DENSO CORPORATION, Harman International Industries Inc, Clarion Company Ltd, Delphi Automotive Plc, among others. These companies are making new investments to improve their technology in order to retain their competitiveness in the industry.
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Segment Analysis
Based on the product type, the global automotive cockpit electronics market is segmented into market size and forecast (by value), infotainment & navigation and audio & connectivity. Among these, the market size and forecast is fragmented as information and controls (electronic power assisted steering (EPAS) and tire pressure monitoring systems (TPMS), head-up display). Also, the segment of infotainment and navigation is further bifurcated as rear-seat entertainment and navigation. Moreover, the segment of audio and connectivity is classified as audio systems and wireless systems.
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https://www.persistencemarketresearch.com/market-research/car-electronics-and-communication-accessories-market.asp
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