Key Developments Expediting the Automotive Cockpit Market

The expansion of automotive electronics has increased safety as well as ease of driving and furthermore strives to offer quality infotainment options to the customer. The automotive electronics industry provides faultless configuration, quality, ergonomics, and feel. Areas that come under the ambit of automotive cockpit electronics include displays, telematics, as well as infotainment and navigation. Cockpit electronics have an extensive market and have seen a high development rate as of late. This strong development pattern regarding the car cockpit electronics market is predicted to continue over the coming years.

Browse the full Global Automotive Cockpit Electronics Market Report : http://www.mrrse.com/automotive-cockpit-electronics-market

The field of automotive electronics is swiftly evolving. A major aspect of the same is that systems are increasingly transforming from analog to digital. The navigation and infotainment segments have earned the most from this, making them the most rapidly developing segments in the worldwide automotive cockpit electronics market by 2020.

The global automotive cockpit electronics market was estimated at US$31.1 billion in 2013 and is currently expanding at a CAGR of 12.0% between 2014 and 2020.

The key trends propelling the automotive cockpit electronics market are:

Vehicle Safety Features are Becoming Mandatory: Due to the huge number of individuals who succumb to accidents on roads and injuries consistently, endorsing strict vehicle safety regulations is the following coherent step. The mandatory integration of tire pressure monitoring system (TPMS) in passenger vehicles, for example, is now being legislated in a few developed countries. Countries such as China, Japan, and India are predicted to follow in making TPMS mandatory in vehicles over the course of the following three to four years.
For an Enhanced Driving Experience, Consumers are Ready to Shell out More: Automotive cockpit electronics gather and process information with the help of smart phones, sensors, cameras, integrated devices, and other synchronized systems to aim at safe and smooth driving in the high-end vehicles segment, even in the most challenging conditions. In 2013 , the global luxury cars market was valued at 319 billion euros. The demand for sports cars, luxury sedans, SUVs, and racing cars has encountered a strong upsurge in recent years, due to growing discretionary income of the average consumer.
Rise in Road Accidents : An alarmingly high number of road mishaps have pushed purchasers to purchase more automated vehicles. The World Health Organization reports that, starting 2010, the aggregate number of road traffic deaths globally was recorded to be 1.24 million. The Association for Safe International Road Travel states that road accidents result in 3,287 deaths per day, on an average, around the world. This puts vehicle safety as well as the function played by automotive cockpit electronics, in the limelight. Undoubtedly, automation is the route ahead, as it offers drivers a more secure experience on the road.
Browse the full Press Release of Automotive Cockpit Electronics Market : http://www.mrrse.com/automotive-cockpit-electronics-market-report

It has been contemplated that the automotive industry definitely needs automotive cockpit electronics that are not just canny by configuration, but would last for a number of years. Accordingly, the best opportunity available to organizations in the automotive cockpit electronics market is conducting R&D to remain ahead of the opposition.

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