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21 Jan 2021, 18:04 GMT+10
The global automotive digital cockpit market was valued at USD 14.7 billion in 2018 and is estimated to surpass 36 Billion by 2026 and is projected to expand at a CAGR of approximately 14% during the period, 2020 – 2026. The growth of the market in the forecasted period is attributed to the increase in the number of innovations in the domain of vehicle human machine interface and rise in the number of connected vehicles.
The digital cockpit offers solutions that includes a combination of digital instruments along with infotainment systems which includes one or two digital screens. It includes at least three knobs and displays and the installation is carried out in vehicles in accordance to the requirements of the driver and passenger. Infotainment platforms, wireless connectivity and HMI applications are some of the features present in the digital cockpit of the vehicle, which leads to a better driving experience. High number of electronic components are present in modern vehicles. Additionally, adoption of IOT, telematics along with rise in usage of information, navigation, remote diagnostics, and safety in connected vehicles is expected to fuel the growth of the automotive digital cockpit market during the forecast period. Growth in demand for intelligent transportation system and effective usage of advanced technologies is leading to the creation of safer vehicles, which is anticipated to fuel the growth of the automotive digital cockpit market during the forecasted period. Furthermore, rise in the sales of electric vehicle is expected to boost the growth of the automotive digital cockpit market during the forecasted period.
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Market Trends, Drivers, Restraints, and Opportunities:
Competitive Landscape
Major players in the global automotive digital cockpit market include Continental, Visteon, Clarion, Denso, and Robert Bosch. Visteon is expected to dominate the market in the forecasted period. The reasons behind Visteon retaining its leading position include partnership, mergers and acquisition and new product development. The company also focused on strengthening its product portfolio and has tried to increase its presence globally by building customer relationships. It has also managed to increase its presence in emerging markets such as India.
Segments Covered in the Report
The global automotive digital cockpit market has been segmented on the basis of
By Vehicle Type:
By Electric Vehicle:
By Regions:
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The following is the TOC of the report:
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Digital Cockpit Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Digital Cockpit Market - Supply Chain
4.5. Global Automotive Digital Cockpit Market Forecast
4.5.1. Automotive Digital Cockpit Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Digital Cockpit Market Size (000? Units) and Y-o-Y Growth
4.5.3. Automotive Digital Cockpit Market Absolute $ Opportunity
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Automotive Digital Cockpit Market Size and Volume Forecast by Type
5.3.1. Hardware
5.3.2. Software
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
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Tags: Automotive Digital Cockpit Market Growth, Automotive Digital Cockpit Market size, Automotive Digital Cockpit Market share, Automotive Digital Cockpit Market trends, Automotive Digital Cockpit Market analysis, Automotive Digital Cockpit Market forecast
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Name: Alex Mathews
Address: 500 East E Street, Ontario,
CA 91764, United States.
Phone No: USA: +1 909 545 6473
Email:[email protected]
Website:https://dataintelo.com
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