Press release
Automotive Cockpit Electronics Global Market Report 2025
Primary Catalyst Driving Automotive Cockpit Electronics Market Evolution in 2025: Rising Vehicle Sales Drive Growth in the Automot
In recent times, the size of the automotive cockpit electronics market has significantly expanded. Forecasts suggest that it will ascend from a value of $41.22 billion in 2024, reaching $44.86 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.8%. Factors that spurred this growth during the past period include urbanization and traffic overcrowding, amplified consumer consciousness, escalated demand for vehicles with better fuel efficiency, growing cognizance of air quality matters, and the enhancement in infrastructure for hybrid and electric vehicles.
In the coming years, the market size for automotive cockpit electronics is anticipated to witness robust growth. The market is projected to reach $62.22 billion by 2029, with a compound annual growth rate (CAGR) of 8.5%. This expected growth during the forecasted period can be credited to multiple factors like the rise in vehicle electrification, urban expansion, incorporation of autonomous driving technologies, increased use of 48v systems, and the growth of charging infrastructures. Key trends during this period include innovative research and development in hybrid technologies, collaborations between the public and private sectors, customization and flexibility, progress in lightweight vehicle materials, and advances in customization and modularity.
What Is Stimulating Growth in the Automotive Cockpit Electronics Market?
The automotive cockpit electronics market is likely to experience growth propelled by the escalating number of vehicles. Factors responsible for vehicle sales include economic growth, consumer desire to possess vehicles, the introduction of new models, vehicular technological advancements, and appealing financing schemes. Automotive cockpit electronics contribute to automobile safety and convenience by furnishing intuitive controls, real-time data, and sophisticated driver aid features, thereby enhancing the overall driving experience. To illustrate, the Japan Automobile Dealers Association's September 2022 statistics showed that 4,779,086 new vehicles were sold in Japan in 2023, a spike of 13.8% compared to the previous year. This data is a clear indication that the growth of the automotive cockpit electronics market is directly proportional to the rising number of vehicles.
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Which Key Market Leaders Are Driving Automotive Cockpit Electronics Industry Growth?
Major companies operating in the automotive cockpit electronics market are Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co Ltd., Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., Fujitsu Ten Ltd., Valeo, Texas Instruments, Aptiv plc, Parker Hannifin Corporation, Nidec Corporation, Schaeffler AG, TRW Automotive, BorgWarner Inc., Hella GmbH & Co. KGaA, Rheinmetall Automotive AG, GKN Automotive, Mando Corporation, Kostal Ltd., Sungwoo Hitech Co. Ltd., SEG Automotive, Mahle GmbH, IAV Automotive Engineering, Delphi Technologies, Magneti Marelli
Which Key Market Leaders Are Driving Industry Growth?
Key players in the automotive cockpit electronics market are innovating automotive platforms by merging them with artificial intelligence (AI) platforms to drive future in-car infotainment (IVI) systems. AI blended with automotive cockpit electronics heightens user experience by allowing personalized engagements, enhancing safety through advanced driver aid and boosting system efficiency via real-time data scrutiny and predictive functions. For example, in March 2024, MediaTek, a semiconductor organization from Taiwan, unveiled the Dimensity auto cockpit platform in partnership with NVIDIA, an American software company. This collaboration strives to infuse superior AI capabilities into automobiles, enriching the in-vehicle experience for both drivers and passengers. The Dimensity Auto Cockpit offering provides robust AI-powered experiences in the cabin for the next wave of smart vehicles. This platform includes four new automotive SoCs, which are dimensity auto cockpit C-X1, C-Y1, C-M1, and C-V1, covering from premium (C-X1) to entry-level (C-V1) segments in-depth.
What Are the Main Segments in the Automotive Cockpit Electronics Market?
The automotive cockpit electronics market covered in this report is segmented -
1) By Product: Head-up Display (HUD), Information Display, Infotainment And Navigation, Instrument Cluster, Telematics, Other Products
2) By Technology: Touchscreen Technology, Voice Recognition Systems, Advanced Driver Assistance Systems (ADAS), Connectivity Solutions
3) By Propulsion: Internal Combustion Engine (ICE) Vehicles, Electric and Hybrid Vehicles
4) By Vehicle Type: Passenger Cars, Commercial Vehicles
Subsegments:
1) By Head-up Display (HUD): Augmented Reality HUD (AR-HUD), Combiner HUD, Windshield HUD
2) By Information Display: Central Information Display, Rear Seat Display, Touchscreen Display
3) By Infotainment and Navigation: Integrated Infotainment Systems, Standalone Infotainment Systems, Navigation Systems
4) By Instrument Cluster: Analog Instrument Cluster, Digital Instrument Cluster, Hybrid Instrument Cluster
5) By Telematics: Vehicle-to-Everything (V2X) Telematics, Embedded Telematics Systems, Smartphone-Connected Telematics
6) By Other Products: HVAC Control Systems, Gesture Control Systems, Voice Recognition Systems
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Which Geographic Area Leads the Automotive Cockpit Electronics Market?
Asia-Pacific was the largest region in the automotive cockpit electronics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive cockpit electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Cockpit Electronics Global Market Report?
- Market Size Analysis: Analyze the automotive cockpit electronics Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the automotive cockpit electronics market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall automotive cockpit electronics market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the automotive cockpit electronics market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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