The Asia Pacific Automotive Digital Cockpit Market would witness market growth of 7% CAGR during the forecast period (2021-2027).
It is primarily utilized to provide a digital experience for car users via multiple screens, voice assistants, and other forms of input. Digital cockpit systems would not be highly popular among end-users in price-sensitive nations like India, where vehicle demand is high. Though, increased software standardization problems and a lack of compatibility among software service providers and OEM manufacturers could adversely affect the growth of Automotive Digital Cockpit Market. Demand for semi-autonomous and autonomous vehicles is growing, which will provide various growth avenues for the Automotive Digital Cockpit market.
The mid-sized premium and luxury car segment is propelling due to the growth in demand for automobiles and rising income levels. China has been the major car manufacturer. The latest technological features in the vehicles are provided by various OEM’s. For example, Audi introduced its model Audi A6 Sedan with signature Audi virtual cockpit in October 2019.
Moreover, the increasing income level of the population across emerging nations like India, China, and Japan would spur the demand for luxurious cars and passenger cars, which is further estimated to augment the growth of the automotive digital cockpit market over the forecast period. All these determinants are together supporting the overall growth of the regional automotive digital cockpit market.
The China market dominated the Asia Pacific OLED Automotive Digital Cockpit Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $565.1 million by 2027. The Japan market is showcasing a CAGR of 8.3% during (2021 - 2027). Additionally, The India market is anticipated to grow at a CAGR of 9.5% during (2021 - 2027).
Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Equipment, the market is segmented into Digital Instrument Cluster, Infotainment Systems and Head-up Display (HUD). Based on Display Technology, the market is segmented into TFT-LCD, LCD and OLED. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Digital Cockpit Market is Projected to reach USD 32.1 Billion by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Denso Corporation, Valeo SA, Aptiv PLC, Panasonic Corporation, Continental AG, Samsung Electronics Co., Ltd. (Samsung Group) (Harman), Robert Bosch GmbH, Visteon Corporation, Garmin Ltd., and Toshiba Corporation
By Vehicle Type
By Equipment
By Display Technology
By Country
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