The Global Automotive Digital Cockpit Market size is expected to reach $32.1 billion by 2027, rising at a market growth of 6.9% CAGR during the forecast period. Digital cockpit system is providing vehicle occupants with advanced capabilities & functionalities and an improved entertainment experience due to the shifting mobility market. In the automobile domain, a digital cockpit refers to digital interfaces that enable OEMs to address the challenges of an analog instrument cluster.
This technology is providing a digital experience in a car with multiple screens, various input means, and a digital experience. There is complete freedom to automotive OEMs, suppliers, and digital interface to deliver a perfectly appropriate example of real-time data. The digital interfaces also offer support to various safety-oriented features such as ADAS.
The Automotive Digital Cockpit market would grow due to the substantial rise in a number of connected cars around the globe over the forecast period. There are a large number of electric components present in modern vehicles. Moreover, this technology would be gaining popularity due to the adoption various new technologies such as IoT, safety & remote diagnostics in connected vehicles, telematics, information, and increasing use of navigation.
The development of various improved systems with latest technology is motivating companies to implement them in their automobiles for better performance. Passenger safety, growing production of automobiles, demand for advanced user experience in vehicles, and rising sales of electric are the factors fueling the global automotive market. The automobile digital cockpit market is benefiting from OEMs' promotion of digital cockpit functionalities as some of the most advanced features, as well as their adoption in the mid-priced and economy segment passenger cars.
Because of low automobile sales and new needs, the Covid-19 epidemic has had an impact on the overall automotive industry, resulting in a subsequent fall in market growth. However, an important element boosting demand for automotive digital cockpit solutions is the rising usage of in-vehicle telematics, infotainment systems, safety and pollution sensors, navigation, and the internet of things. Moreover, the growing need for increased vehicle comfort, safety, and convenience, particularly in emerging and developed nations, is expected to drive market expansion over the forecast period. The increased adoption of autonomous vehicle technologies and the developing luxury and high-end automotive segment is also expected to contribute to market expansion.
The COVID-19 pandemic altered corporate dynamics, which is projected to have an impact on the general business scenario in the coming years. Lockdowns enforced around the world to halt the spread of the virus have caused supply chain disruptions and the temporary suspension of production at a number of businesses. As a result, shipments were delayed and production levels were reduced, putting a strain on the auto industry. The market has also been impacted by the decline in demand for commercial and passenger automobiles. On a year-over-year basis, worldwide automobile production volumes have decreased, owing to declines in production volumes in Europe and North America, among other regions. During the phase of the covid-19 pandemic, the automobile sale has been gradually hindered.
Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. The passenger car segment of the automotive digital cockpit market has influenced the growth during the forecast period. The onset of autonomous vehicles and connected car features in passenger vehicles would be the ruling segment due to the rise in demand. There has been witnessed a rise in demand for automotive digital cockpits, so the automotive manufacturers are focusing on providing a great and improved experience to their customers.
Based on Equipment, the market is segmented into Digital Instrument Cluster, Infotainment Systems and Head-up Display (HUD). The head-up display category is expected to grow at a prominent growth rate during the forecast period. A transparent display that presents information directly in the line of sight of driver is known as a head-up display. Drivers may acquire all vital information such as speed, navigation indicator arrows, and warning signals without having to look down to the secondary display or instrument cluster with the help of a head-up display.
Based on Display Technology, the market is segmented into TFT-LCD, LCD and OLED. The TFT-LCD display category acquired the maximum revenue share of the automotive digital cockpit market in 2020. To meet the temperature and durability specifications of all prominent automobile displays, TFT LCDs are extensively utilized in digital cockpit displays. Based on the range of temperature sensitivity in vehicles and the purpose of the display, OEMs utilize a combination of LCD and TFT in displays. Touch screen displays with LCD panels are incorporated in the basic digital instrument cluster and the driver monitoring system center console.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 19.4 Billion |
| Market size forecast in 2027 | USD 32.1 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 6.9% from 2021 to 2027 |
| Number of Pages | 236 |
| Number of Tables | 344 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Vehicle Type, Equipment, Display Technology, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia Pacific appeared as the leading region by obtaining the maximum revenue share of the global automotive digital cockpit market during the forecast period. However, this segment would maintain its dominance even during the forecast period. The production and sales of passenger vehicles directly affect the growth of the market region.
Free Valuable Insights: Global Automotive Digital Cockpit Market size to reach USD 32.1 Billion by 2027
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Samsung Electronics Co., Ltd. is the major forerunner in the Automotive Digital Cockpit Market. Companies such as Garmin Ltd., Aptiv PLC, and Denso Corporation are some of the key innovators in the market.
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 Geography
The automotive digital cockpit market size is projected to reach USD 32.1 billion by 2027.
Increasing production of autonomous vehicles are driving the market in coming years, however, High Cost associated with the automotive digital cockpit have limited the growth of the market.
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.
The expected CAGR of the automotive digital cockpit market is 6.9% from 2021 to 2027.
The growing need for increased vehicle comfort, safety, and convenience, particularly in emerging and developed nations, is expected to drive market expansion over the forecast period.
The OLED display segment is expected to witness a prominent growth rate during the forecast period. When compared to other display technologies, such as LCD in consumer models, the adoption rate is lesser.
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