Automotive Cockpit Electronics Market Research Report 2032
The Automotive Cockpit Electronics market is expected to increase at a compound annual growth rate (CAGR) of 8.08% between 2024 and 2032, from USD 45.72 billion in 2024 to USD 85.2 billion in 2032. Automotive Cockpit Electronics: One major reason for the industry's growth is consumers' growing demand for opulent luxuries, such as cutting-edge comfort electronics.
Market SegmentationThe elements that comprise the Electronics Type segmentation of the Automotive Cockpit Electronics Market are the Climate Control System, Telematics, Audio System, Dash Cameras, Driver Information Display, {Central Display, Passenger Display, Controls, and Integration Elements}, Infotainment System, {Cockpit Integration Platform, Display, and Integration System}, and Head-Up Display.
The market is divided into two sectors based on the kind of vehicle: commercial vehicles (LCVs, Trucks, and Buses) and passenger cars (Hatchback, Sedan, SUV & MUV, Sports & Hypercar, and Others).
The Automotive Cockpit Electronics Market is split into four sectors based on the passenger car category: mid-priced (44K-87 K USD), luxury (above 163 K USD), premium (88K-163 K USD), and economical (up to 43 K USD). The market is split into areas such OEM and aftermarket sales channels, ICE and electric vehicles, and conventional and semi-autonomous vehicles based on the level of vehicle autonomy.
Both ICE and electric vehicles are categorized by the Automotive Cockpit Electronics Market based on Vehicle Autonomy.
The OEM and Aftermarket segments of the Automotive Cockpit Electronics Market are divided based on Vehicle Autonomy.
Regional EvaluationThe Asia Pacific automobile cockpit electronics industry held around 39% of the global market in 2022. The Automotive Cockpit has increased significantly in the Asia-Pacific area. The nations in the area, including China and India, are important centers for the production and sale of autos.
The cheapest mode of transportation is the road. This leads to a noticeable increase in the number of cars on the road, which is the main cause of the rise in traffic accidents. In response to an increase in traffic accidents, automakers deploy a variety of active and passive safety measures, which helps to reduce the total number of accidents on the road. Therefore, automakers must produce intelligent and crash-worthy cars in order to reduce the number of fatalities on the roads in developing countries—where regulations limiting vehicle safety are less rigorous than in wealthier ones.
The second-largest share of the market is possessed by North America. North America is home to some of the largest automakers in the world, including Ford, General Motors, and Tesla. As a result of these companies' significant investments in the creation of cutting-edge technologies like infotainment and advanced driver assistance systems (ADAS), the market for cockpit electronics is expanding. For instance, in FY2022, the US auto industry sold about 2.86 billion cars.
Leading PlayersValeo SA and Marelli are two of the top players in the automotive cockpit electronics market. Aptiv, Visteon Corporation, DESAY Industry, Huawei Technologies Co., Ltd., ART SPA, HARMAN International, Continental AG, Panasonic Holdings Corporation, Robert Bosch GmbH, LG Electronics, and ALPS ALPINE CO., LTD.