NEW
YORK, Aug. 14, 2024 /PRNewswire/ -- The
global automotive cockpit module market size is estimated
to grow by USD 25.6 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of almost 6.22% during the forecast period.
Adoption of advanced hmi in mass-segment vehicles is driving
market growth, with a trend towards maturing autonomous
vehicles concept. However, design complexities in digital
cockpits poses a challenge. Key market players include Alps
Alpine Co. Ltd., DENSO Corp., Garmin Ltd., Grupo Antolin Irausa SA,
Hyundai Motor Co., Inteva Products LLC, Lear Corp., LG Electronics
Inc., Magna International Inc., Marelli Holdings Co. Ltd., Robert
Bosch GmbH, Samsung Electronics Co. Ltd., Samvardhana Motherson
International Ltd., Schaeffler AG, Stellantis NV, TomTom NV, Toyoda
Gosei Co. Ltd., Visteon Corp., Yanfeng Automotive Interior Systems
Co. Ltd., and Yazaki Corp..
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Automotive Cockpit
Module Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.22%
|
Market growth
2024-2028
|
USD 25.6
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.78
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
Europe at
29%
|
Key
countries
|
US, China, Germany,
Japan, and India
|
Key companies
profiled
|
Alps Alpine Co. Ltd.,
DENSO Corp., Garmin Ltd., Grupo Antolin Irausa SA, Hyundai Motor
Co., Inteva Products LLC, Lear Corp., LG Electronics Inc., Magna
International Inc., Marelli Holdings Co. Ltd., Robert Bosch GmbH,
Samsung Electronics Co. Ltd., Samvardhana Motherson International
Ltd., Schaeffler AG, Stellantis NV, TomTom NV, Toyoda Gosei Co.
Ltd., Visteon Corp., Yanfeng Automotive Interior Systems Co. Ltd.,
and Yazaki Corp.
|
Market Driver
The automotive industry is witnessing significant advancements
with the increasing focus on autonomous driving. Semi-autonomous
features have gained acceptance in both passenger and commercial
vehicles due to marketing campaigns and promotions. Self-driving
cars may become a reality by the end of the forecast period, and
the number of self-driving vehicles could increase substantially in
a decade. Automotive majors are making strides in achieving this
reality. The development and testing of advanced driver-assistance
systems (ADAS) and telematics/connected vehicle applications and
services are on the rise, which is beneficial for automotive
cockpit modules. Consumer needs and OEM offerings have expanded to
include safety, performance, stability, and comfort. Conventional
mechanical components are no longer sufficient to address emerging
industry challenges. Special features differentiate automobiles,
and electronic content plays a crucial role in enabling these
enhancements. The rise in electronic content per vehicle and the
electrification of automobiles are inevitable, leading to increased
software implementation in vehicular systems. These developments
will fuel the growth of the global cockpit module market during the
forecast period.
The Automotive Cockpit Module market is witnessing significant
growth due to the increasing demand for advanced infotainment
solutions in vehicles. Connected car services, such as Android Auto
and Apple CarPlay, are becoming popular among consumers.
Electrification systems are also driving market growth as
automakers integrate more technology into vehicle interiors.
Automotive cockpits are no longer just about dashboard and
instrument panels. They now include centre consoles, door panels,
acoustic modules, and even seats. Pollution control technology and
exhaust systems are also being integrated into cockpit modules.
Vehicle aesthetics are a key consideration, with cockpit modules
made from materials like aluminum and wood enhancing the driving
experience. OEMs are investing in cockpit modules to offer more
features and improve the overall vehicle aesthetic. Autonomous
driving is also driving demand for advanced cockpit modules, with
wiring harnesses and instrument clusters becoming increasingly
complex. Air conditioning units and air bag modules are also
essential components of cockpit modules. The market for automotive
cockpit modules is expected to continue growing as technology
advances and consumer expectations evolve.
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Market Challenges
- The automotive cockpit market is witnessing an increase in
complexity due to the growing number of applications for automotive
Human-Machine Interface (HMI) solutions. From simple radio or audio
applications, HMI solutions have evolved to include
driver-assistance technologies. This evolution has led to more
intricate designs for automotive display systems, such as digital
cockpits. Designing these systems requires adherence to thermal and
shape layouts, as well as compliance with various industry
standards. One such standard is ISO 26262, which ensures functional
safety for automotive equipment. OEMs also use different data
communication standards, adding to the development challenges.
While these standards enhance safety, maintaining system
reliability is a significant challenge for market players. The need
for standardization in automotive display systems adds to their
overall design complexity, negatively impacting market players and
the global automotive cockpit module market during the forecast
period.
- The Automotive Cockpit Market is experiencing significant
growth due to the increasing demand for feature-rich cabins in
passenger cars. Digital modules, vehicle displays, and infotainment
systems are at the heart of this trend. Passengers expect a
comfortable and personalized experience, leading automotive OEMs to
integrate phone connectivity, remote monitoring, and SIM cards.
Comfort level and user experiences are key buyer demands, driving
the development of advanced head units and infotainment systems
offering entertainment, navigation, cabin climate controls, and
propulsion information. Technological advances in digitalization
and compatible components are fueling the surge in vehicle sales,
from passenger cars to commercial vehicles, including light and
heavy commercial vehicles. Connected car technologies and
self-driving cars are further pushing the market forward. The
interface between passengers, devices, and the vehicle is becoming
increasingly important, with self-driving cars offering new
opportunities for customization and controls, even through steering
wheels. Mobile operators and consumers are shaping the market with
their preferences, making the Automotive Digital Cockpit a crucial
element in automotive sales.
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Segment Overview
This automotive cockpit module market report extensively covers
market segmentation by
- Application
- 1.1 Passenger cars
- 1.2 Commercial vehicles
- Type
- 2.1 ICE
- 2.2 Electric
- 2.3 Hybrid
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Passenger cars- The Automotive Cockpit Module
market is experiencing significant growth due to the increasing
demand for advanced in-vehicle technologies. These modules
integrate various functions such as infotainment, navigation,
climate control, and driver assistance systems. Automakers are
investing heavily in this technology to enhance the driving
experience and improve vehicle safety. The market is expected to
continue expanding as consumers seek more convenience and
connectivity in their vehicles.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The Global Automotive Central Gateway Module Market is
experiencing significant growth driven by increasing vehicle
electrification and the rising adoption of advanced
driver-assistance systems (ADAS). Central gateway modules play a
critical role in managing communication between different
electronic systems in modern vehicles, ensuring seamless data
exchange and enhanced vehicle performance. The market is also being
propelled by the growing demand for connected cars and the
integration of IoT technologies. Key players are focusing on
innovation to meet the evolving needs of the automotive
industry.
Research Analysis
The Automotive Cockpit Module market encompasses various
components that make up the vehicle's driver-centric control
center. These include the dashboard, instrument panel, centre
console, steering wheel, instrument cluster, and wiring harness.
Automobile manufacturers are increasingly focusing on developing
feature-full cockpits to enhance user experiences in connected cars
and support autonomous driving. Digital modules are becoming
increasingly popular, offering customization options to consumers
based on their preferences and buyer demands. Air conditioning
units, air bag modules, and cabin controls are essential cockpit
components, contributing to the overall comfort and safety of the
vehicle. OEMs are investing heavily in this market to stay
competitive and meet the evolving needs of consumers. Digital
cockpits, offering advanced features and seamless connectivity, are
the future of automotive interiors.
Market Research Overview
The Automotive Cockpit Module Market encompasses various digital
and electronic components that enhance the passenger experience in
vehicles. These modules include dashboard, instrument panel, centre
console, wiring harness, instrument cluster, steering wheel, and
vehicle displays. Automobile manufacturers are integrating advanced
technologies such as connected cars, autonomous driving, and OEMs
to create feature-full cockpits. Digital modules like infotainment
systems, interface, and passenger controls are becoming
increasingly popular, allowing passengers to connect their devices
and customize their user experiences. Comfort level is a
significant factor, with air conditioning units, air bag modules,
and cabin systems all contributing to the overall passenger
experience. Mobile operators and remote monitoring systems are also
integrating SIM cards and connected car technologies, enabling
real-time vehicle data and services. Technological advances, such
as self-driving cars and electrification systems, are driving the
demand for automotive digital cockpits in the passenger car market.
Consummers' preferences for customization and advanced features
continue to influence automotive sales, with automakers responding
by offering compatible components and innovative infotainment
solutions like Android infotainment solutions and Apple CarPlay.
The cockpit's design and aesthetic elements, such as aluminum and
wood, also play a role in enhancing the driving experience.
Pollution control technology, seats, exhaust systems, and interior
systems are also essential components of the vehicle cockpit
electronics.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Passenger Cars
- Commercial Vehicles
- Type
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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