Automotive Cockpit Module Market size is set to grow by USD 25.6 billion from 2024-2028, Adoption of advanced HMI in mass-segment vehicles boost the market, Technavio
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
1. Application
-- 1.1 Passenger cars
-- 1.2 Commercial vehicles
2. Type
-- 2.1 ICE
-- 2.2 Electric
-- 2.3 Hybrid
3. 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.
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Learn and explore more about Technavio's in-depth research reports
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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
-- ICE
-- Electric
-- Hybrid
-- 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
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