The installation of a digital cockpit in a vehicle would provide safety information to the driver. A digital cockpit enables the driver to ameliorate their focus on the road, including augmentation with Heads-up displays (HUD) to display relevant driving information in their direct field of vision. The advent of new technologies such as holographic display is expected to strongly contribute to the growth of automotive digital cockpit market in the years to come. The holographic display is a 3D graphic object that uses light diffraction to create virtual imagery. It uses projections to display information and images on the screen. Moreover, the image appears in a free-floating form that is just visible to the driver only The introduction of holographic displays which consist of more than one screen presenting a 3D display of the object and speed of a vehicle is one of the major factors for the growth of the automotive digital cockpit in recent years.
| Report Coverage | Details |
| Study Period | Historical Data: 2015-18 |
| Base Year: 2019 | |
| Forecast Period: 2020-25 | |
|
CAGR
|
14% |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
With the growing number of connected cars and autonomous vehicles, the demand for automotive digital cockpit has been booming in recent years.
According to the MarkNtel Advisors’ research report titled “Global Automotive Digital Cockpit Market Analysis, 2020”, the CAGR of Automotive Digital Cockpit market is expected to be around 14% during 2020-25, owing to the growth in the autonomous vehicles, sophisticated electric vehicles, and advanced driver assistance systems in vehicles. However, high prices of advanced head-up display restrict the demand for the automotive digital cockpit.
Reduction in the Prices of LCD/TFT
With the rapid commercialization of smart devices, the prices of LCD have been registering a downward trend. This, in turn, reduces the overall cost of the human-machine interface (HMI), thus leading to manufacturers successfully achieving economies of scale. Thus, the reduction in the prices of LCD and TFT is an added advantage. The developed regions are presently witnessing rapid growth wherein the OEMs have already introduced the automotive digital cockpit in mid-sized vehicles. Therefore, the advantage of reduction in prices of screens has lessened the concerns of the OEMs regarding the hardware costs for the integration of digital cockpit..
The passenger segment acquired the largest market share and is anticipated to grow at a substantial rate, with a growing demand for digital cockpit cabins in the luxury cars segment during 2020-25. Camera-based systems dominated the market in 2019, with further growth potential due to the integration of the human-machine interface and the extensive presence of driver safety devices.
Europe and North America are the leading regions experiencing a growth in the automotive digital cockpits owing to the implementation of strict government policies and stringent regulations for mandatory installation of driver safety monitoring systems so as to curb accidents. According to the MarkNtel Advisors,’ the major leading players are Robert Bosch, Faurecia, Aptiv, Visteon, Continental AG, Pioneer Corporation, Harman International, Luxoft, Nvidia, and Denso Corporation among others.
Blackberry Limited announced the launch of new digital cockpit solutions in 2019, with the QNX platform to build better in-car experience. The new platform contains instrument cluster, infotainment systems that enable to use applications like Google Maps and Google Music.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Automotive Digital Cockpit Market during 2020-25?
A. The market size of Global Automotive Digital Cockpit Market during 2020-25 is forecast to be around 14%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North America and Europe will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Automotive Digital Cockpit Market?
A. Robert Bosch, Faurecia, Aptiv, Visteon, Continental AG, Pioneer Corporation, Harman International, Luxoft, Nvidia and Denso Corporation are few of the leading players in the Global Automotive Digital Cockpit Market.
Q. Does the report scope cover Global Automotive Digital Cockpit type and region wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Automotive Digital Cockpit type and region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which component segment would emerge as an opportunity area for players in Global Automotive Digital Cockpit Market?
A. Camera based will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Automotive Digital Cockpit Market.
