Rising Use of Electronics in Automobiles to Expand Automotive Cockpit Electronics Industry
One of the factors, which drives the growth of the Automotive Cockpit Electronics Industry is the increase in the awareness of the safety of the passenger and driver. The growing information and awareness about the safety of the driver and passenger with adoption of innovative technology, will result in the growth of the Automotive Cockpit Electronics Industry. Automotive Infotainment is a technology, which came into existence for better driver assistance systems in automotive, particularly cars. A major driving factor is the need to render good quality rear seat entertainment services. However, IVI led to the transformation of an ordinary car into a smart car. However, the IVI systems that are manufactured, today, are more expensive and costs a lot to the vehicle owner. Additionally, the consumers’ rising preference for smartphones while driving, have led to an increase in demand for IVI systems. Therefore, OEMs have come to the conclusion and have decided to integrate IVI system with other systems such as driver assistance systems and telematics systems. As per the report, a large pool of consumers prefer to pay a premium price for integrated infotainment systems. Therefore, this factor has become a major reason for the growth of Automotive Cockpit Electronics Industry. The other factors that are responsible for the growth of the market during the forecast period are increase in the per capita income of the customers, and growing demand for the advanced autonomous cars with changing demand for advanced electronics devices.
The market has been analyzed based on product type, technology type, end market, vehicle type, and region. On the basis of product type, Head-up display segment is expected to dominate the market during the forecast period. The Head-up display is the latest trending technology in the automotive vehicle for increasing the safety of the passenger. It displays the information on the windshield of the car so that the driver is not distracted from the road. On the basis of technology type, advanced technology segment is expected to dominate the market during the forecast period due to development of high end technological components in the vehicle. On the basis end market, luxury car segment is expected to dominate the market during the forecast period due to growing demand of luxury segment cars in the regions such as Asia Pacific and Europe. This increase in demand will result in growing demand for cockpit electronics usage.
Passenger car is expected to dominate the global Automotive Cockpit Electronics Industry by vehicle type segment during the forecast period
On the basis of vehicle type, passenger car is expected to dominate the Automotive Cockpit Electronics Industry during the forecast period due to increase in the production of passenger cars in Asia Pacific region. The market for automotive cockpit electronics is primarily driven by rising demand for passenger car among large pool of population, and increasing per capita income in emerging countries. The growing sales of passenger cars is significantly boosting the Automotive Cockpit Electronics Industry during the forecast period.
Ask for your specific company profile and country level customization on reports.
We recognize the key players in the global Automotive Cockpit Electronics Industry as Robert Bosch GmbH (Germany), Continental AG (Germany), Harman International (U.S), Visteon Corporation (U.S), and Delphi Automotive PLC (U.K), Denso Corp. (Japan), Alpine Electronics Inc. (Japan), Johnson Controls (U.S.), IAV (Germany), Magneti Marelli (Italy), and others.
Read More :
Comments
Post a Comment