Automotive Cockpit Electronics Market Size| COVID-19 Impact, Analysis, Future Scope, Key Drivers Forecast To 2023
Automotive Cockpit Electronics Market Synopsis
The automotive cockpit electronics are developed and manufactured with the OEMs so as to offer continuous innovation in the design and match the needs of the consumers. The cockpit electronics manufacturers are making heavy investments into R&D so as to develop technology to reduce the driving efforts of the drivers.
Robert Bosch GmbH (Germany), IAV (Germany), Harman International (U.S), Continental AG (Germany), Visteon Corporation (U.S), Delphi Automotive PLC (U.K), Alpine Electronics Inc. (Japan), Denso Corp. (Japan), Johnson Controls (U.S.),
The segments of the global Automotive Cockpit Electronics Market Size, based on product type, are telematics, HUD, infotainment & navigation, information display, instrument cluster, and others. Among these, the HUD segment is anticipated to dictate the growth of the market owing to the rising demand for luxury cars.
On the basis of the end market, the segments of the Automotive Cockpit Electronics Market Size are luxury cars, economic passenger car, and mid-scale priced vehicle. Among these, the luxury cars segment is assessed to account for the maximum share of the global market through the forecast period. The installation of high-end infotainment and display systems in luxury vars is prognosticated to boost the growth rate of the segment in the foreseeable future.
The global COVID-19 Impact has been divided on the basis of vehicle type, which covers passenger car and commercial vehicle.
The geographical assessment of the global Automotive Cockpit Electronics Market Size, on the basis of region, has been segmented on the basis of region and also covers country-level analysis of the same. The key regions profiled in the study are North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Asia Pacific is expected to dominate the growth of the global market over the next couple of years. Increasing demand for automobile, in conjunction with consolidation of fast-developing nations, is expected to support the growth of the Automotive Cockpit Electronics Market Size in the forthcoming years. The strong economic development in countries such as China and Japan are anticipated to drive market growth in the years to come.
Europe is the second-largest regional segment and is likely to benefit from the rising number of passenger vehicles in the region. Germany is projected to contribute to the development of the Automotive Cockpit Electronics Market Size in the region over the next few years.
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