자동차용 콕핏 일렉트로닉스 시장 : 제품 유형, 차종, 기술, 지역별(2024-2031년)

Automotive Cockpit Electronics Market Valuation - 2024-2031

The vehicle cockpit electronics industry is quickly expanding as consumers increasingly desire enhanced in-car experiences and advanced safety features. As vehicles progress from simple transportation sources to sophisticated, technology-driven settings, the cockpit has become a focal area for innovation. Modern drivers and passengers demand infotainment, navigation, and communication systems seamlessly integrated throughout the vehicle's interior. This transition is being driven by the increased adoption of smartphones and other smart gadgets which has led people to demand comparable features in their cars by enabling the market to surpass a revenue of USD 29.59 Billion valued in 2024 and reach a valuation of around USD 51.6 Billion by 2031.

The expanding emphasis on safety standards as well as increased awareness of road safety help to drive demand for vehicle cockpit electronics. Governments and regulatory organizations throughout the world are legislating the installation of modern safety features like lane departure alerts, automated emergency braking, and adaptive cruise control all of which necessitate complex electronic systems. These safety measures are becoming not merely a legal requirement but also a crucial selling element for consumers who place a high value on safety when making purchasing decisions by enabling the market to grow at a CAGR of 7.20 % from 2024 to 2031.

Will the Increasing Demand for Vehicles Drive the Automotive Cockpit Electronics Market?

The increasing demand for vehicles is a crucial driver for the automotive cockpit electronics market as the global automotive sector has grown steadily in recent years. This trend is especially noticeable in emerging economies and is projected to continue in the foreseeable future, thus influencing demand for car cockpit electronics. According to the International Organization of Motor Vehicle Manufacturers (OICA), global vehicle production reached 91.7 million units in 2019 indicating a high demand for vehicles worldwide.

The growing demand for vehicles drives not just the quantity but also the quality and sophistication of automotive cockpit electronics. Consumers now anticipate modern amenities in their automobiles such as infotainment systems, digital clusters, heads-up displays, and advanced driver assistance systems (ADAS). J.D. Furthermore, regulatory constraints for safety and pollution are indirectly driving the car cockpit electronics business.

Will Complicated Software Designs Hamper the Automotive Cockpit Electronics Market?

Complicated software designs can be a barrier to the expansion of the car cockpit electronics sector. As vehicles improve in technology, the integration of numerous electronic systems such as infotainment, navigation, driver assistance, and climate control becomes increasingly dependent on sophisticated software. However, if the program is extremely sophisticated, it might cause several complications. This could lead to lower satisfaction with the car since drivers may struggle to navigate the numerous features or find critical functions difficult to reach. Furthermore, complicated software increases the likelihood of errors, glitches, and system failures, compromising the vehicle's dependability and safety.

The development and maintenance of complicated software can be expensive and time-consuming impeding industry expansion. Automakers must devote enormous resources to software creation, testing, and updates to guarantee that their systems are not only functional but also user-friendly and secure. This can result in longer development cycles delaying the delivery of new models and consequently raising costs for both producers and users. Furthermore, the requirement for frequent upgrades to repair issues or improve functionality can be onerous for users who may have to take their vehicles in for service or deal with disruptive over-the-air updates.

Category-Wise Acumens

Will Increasing Integration of Advanced Technologies Drive Growth in the Product Type Segment?

Infotainment systems are emerging as the most dominant product type due to their critical role in improving the in-car experience for both drivers and passengers. Modern vehicles now rely heavily on infotainment systems which include audio/video systems, navigation, touchscreen displays, and connectivity options such as Bluetooth, Wi-Fi, and smartphone integration. Their dominance is fueled by rising consumer demand for seamless connectivity and on-the-go entertainment as well as the increasing integration of advanced technologies like voice recognition, artificial intelligence, and augmented reality into these systems.

The expanding trend of self-driving and linked automobiles is cementing infotainment systems dominant position. As vehicles grow more networked and capable of semi-autonomous and autonomous activities, the role of the infotainment system broadens from entertainment to encompass crucial functions like navigation, real-time traffic updates, and vehicle-to-everything (V2X) communication. Furthermore, the use of over-the-air (OTA) updates enables infotainment systems to be constantly updated with new features and upgrades ensuring that they remain relevant and cutting-edge throughout the vehicle's existence.

Will Enhancing Vehicle Safety and Driver Assistance Drive the Technology Segment?

Advanced Driver Assistance Systems (ADAS) are becoming the dominant technology generating considerable change in the automotive industry. ADAS has gained popularity because of its vital role in improving car safety and driver assistance which are top concerns for both automakers and consumers. Adaptive cruise control, lane departure warning, collision avoidance systems, and parking assistance have all been integrated into cockpit electronics making driving safer and more natural. The rising emphasis on decreasing traffic accidents and following strict safety requirements has expedited the introduction of ADAS technologies.

While ADAS is the most important, the integration of connectivity solutions is gaining steam and will play a critical role in determining the future of car cockpit electronics. The proliferation of 5G, LTE, and V2X (Vehicle-to-Everything) technologies is transforming automobiles into connected hubs allowing for real-time communication with other vehicles, infrastructure, and the cloud. Furthermore, connection solutions are critical for realizing the full potential of ADAS and autonomous driving technologies by allowing for faster data interchange and increasing system responsiveness.

Country/Region-wise Acumens

Will the Technical Upgradation Drive the Market in the North American Region?

The North American region dominates the market for automotive cockpit electronics owing to its advanced technology infrastructure and high customer demand for connected vehicles. Several significant reasons are driving the market ahead in the region contributing to its dominance. One of the key drivers of the Automotive Cockpit Electronics market in North America is the growing demand for vehicles with innovative features. According to the US Bureau of Transportation Statistics, the number of registered automobiles in the United States increased by 1.8% in 2019, to 276 million. Furthermore, the increasing adoption of electric vehicles (EVs) is contributing.

The National Highway Traffic Safety Administration (NHTSA) requires that all new vehicles sold in the United States have rearview video systems beginning in May 2018, resulting in the growing incorporation of display displays in vehicle cockpits. Furthermore, the increasing popularity of car connectivity is driving market growth. According to a report released by the US Department of Transportation, the number of connected vehicles on American roads is estimated to exceed 61 million by 2025 needing improved cockpit electronics to enable these connectivity capabilities.

Will the Increasing Urbanization Drive the Market in the Asia Pacific Region?

The Asia Pacific region has the highest development in the automotive cockpit electronics market owing to rapid urbanization and rising disposable incomes. This rapid growth is propelling the region to become a major player in the global automotive sector, notably in the field of innovative in-vehicle technologies. Increasing urbanization is a primary driver of the Asia Pacific automotive cockpit electronics market. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the region's urban population is projected to increase from 2.3 billion in 2019 to 3.5 billion by 2050.

This tremendous shift towards urban living is driving up demand for personal vehicles, particularly those with modern cockpit electronics. This increase in car ownership combined with urbanization is pushing automakers to add more sophisticated cockpit electronics to suit consumer demands for connectivity, entertainment, and driver-aid systems. Furthermore, the proliferation of smart cities in the region is hastening the adoption of linked car technologies. For example, Singapore's Smart Nation strategy includes plans for self-driving cars and intelligent transportation networks which will necessitate enhanced cockpit electronics for seamless integration.

Competitive Landscape

The Automotive Cockpit Electronics Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the automotive cockpit electronics market include:

Visteon Corporation

Panasonic Corporation

Harman International Industries, Inc.

Clarion Co., Ltd

Alpine Electronics, Inc.

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Automotive Cockpit Electronics Market, By Product Type

• Infotainment Systems
• Instrument Cluster
• Head-Up Display (HUD)
• Telematics Control Unit (TCU)
• Multifunctional Displays

5. Automotive Cockpit Electronics Market, By Vehicle Type

• Passenger Cars
• Commercial Vehicles

6. Automotive Cockpit Electronics Market, By Technology

• Touchscreen Technology
• Voice Recognition Systems
• Advanced Driver Assistance Systems (ADAS)
• Connectivity Solutions

7. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape

• Key Players
• Market Share Analysis

10. Company Profiles

• Continental AG
• Robert Bosch GmbH
• Harman International Industries Inc.
• Visteon Corporation
• Aptiv PLC (formerly Delphi Automotive)
• Clarion Co., Ltd
• Panasonic Corporation
• Alpine Electronics Inc.
• Denso Corporation
• Yazaki Corporation
• Garmin Ltd

11. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix

• List of Abbreviations
• Sources and References