Automotive Digital Cockpit Market: Global Industry Analysis and Forecast (2024-2030)

Automotive Digital Cockpit Market was valued at US $ 25.49 Bn. in 2023. Global Automotive Digital Cockpit Market size is estimated to grow at a CAGR of 8.8%. The market is expected to reach a value of US $ 46.01 Bn in 2030.
Automotive Digital Cockpit Market Overview:
A digital cockpit is a set of digital instruments in a car that includes an infotainment system with one or two digital screens and knobs that provide the driver with trustworthy safety information. The digital cockpit also provides a driver with access to media and maps via instrumental clusters, HMI applications, and wireless connectivity in the car, enhancing the driver's attention, focus, and driving experience. As customer demand for immersive digital experiences and advanced features grows, the digital cockpit has become a vital and very appealing component in automobiles.To know about the Research Methodology :- Request Free Sample Report

Along with the infotainment system and one or two digital displays, the Automotive Digital Cockpit is a collection of digital instruments. It's utilized in cars to improve the driving experience by giving drivers improved access to maps and media via wireless networking, HMI applications, and entertainment devices. In the automobile business, it is used. As consumer demand for immersive digital experiences and advanced features grows, the digital cockpit has evolved into a vital and very appealing component in automobile

Automotive Digital Cockpit Market Future Scope -

1. Introduction of electronically controlled vehicle mechanism

2. Reducing tailpipe emission

3. Improving the functionality of the braking system, steering control, and throttle control

4. Cloud computing for cars

5. Digital cockpit platform with 5G technology and an IoT platform to support a connected lifestyle

6. The next five years will see a lot of action in the human-machine interface and the creation of service platforms in cloud
Automotive Digital Cockpit Market Dynamics:
The market for automobile digital cockpits is growing rapidly. With the changing mobility industry, digital cockpit systems are expanding to provide vehicle occupants with new functionality, safety features, and entertainment options. Digital interfaces allow OEMs to overcome the restrictions of an analog instrument cluster in a digital cockpit system in an automobile. It provides a digital driving experience that includes digital assistants, several screens, and a variety of input methods. Automotive OEMs and suppliers can use digital interfaces to create interfaces that provide a more accurate representation of real-time data. The digital interfaces also broaden the scope to include ADAS and other safety-critical technologies.

For luxury, comfort, safety, and security, technologies such as advanced infotainment systems, heads-up displays, gesture control systems, central controllers, telematics, and steering-mounted controls are widely employed in passenger vehicles. Vehicle security and safety laws are being implemented by governments in a number of countries throughout the world. This has sparked a global demand for vehicle electronic equipment, such as digital cockpits.

The automotive market is seeing an increase in demand for connected infotainment systems and digital cockpits Over 90% of passenger automobiles on the road are expected to be connected to the internet via 3G/4G connectivity by the end of 2023. Apple's Car Play and Google's Android Auto standards are becoming more widely used and accepted, and this trend is expected to continue as technology progresses. Moreover, the popularity of digital cockpits is predicted to expand throughout the forecast period, resulting in attractive market growth potential. Major automobile manufacturers are developing increasingly advanced digital cockpit technologies. Virtual cockpits are available in models such as the Audi TT, Audi A6, RS 6 Avant, RS Q8, and Lamborghini Huracan from the Volkswagen Group and Audi.

OEMs must adapt and integrate a wide range of aspects, including base operating systems, virtualization technologies, application development frameworks, and automotive-specific features like diagnostic and radio/audio functions, among others. Because of security and data privacy issues, consumers are hesitant to acquire linked cockpits. When designing safe software for automotive, there are guidelines (SAE J3061) and work-in-progress standards to consider. The main problem the industry has in providing connected automobiles is cybersecurity. The number of faults and threats to drivers and passengers is increasing as the number of electronic components in vehicles grows. The ISO 26262 standard establishes the requirement for functional safety throughout the lifecycle of automotive electronics. OEMs should also think about the ergonomics and performance of camera monitor systems.
Automotive Digital Cockpit Market Segment Analysis:
The global Automotive Digital Cockpit Market is sub-segmented into Equipment, Vehicle type, and Electric vehicle.

Based on Equipment, the market is sub-segmented into the digital instrument clusters, driving monitoring system, and head-up display. In terms of volume, the driver monitoring system sector dominated the market for the automobile digital cockpit, accounting for 48.3 % of the market in 2023. Driving monitoring systems are interactive infotainment systems that include entertainment, navigation, cabin climate controls, and a variety of safety and security features such as advanced driver aid systems. The demand for driving monitoring systems is likely to rise as autonomous vehicles and vehicle networking technology improve, numerous automakers intend to offer advanced driving monitoring system solutions in low- and mid-cost car models, boosting the demand for automotive digital cockpits.

Around the forecast period, the head-up display segment is expected to grow at a volume-based CAGR of over 11.7 %. A transparent display that presents information directly in the driver's line of sight is known as a head-up display. With the use of a head-up display, drivers may obtain all critical information such as speed, navigation indicator arrows, and warning signals without having to look down to the secondary display or instrument cluster. Integration of augmented reality with head-up displays is expected to pave the way for improved safety and driving experience in the future, driving the segment forward from the forecast period.Based on Vehicle Type, the market is sub-segmented into commercial vehicles and passenger vehicles. The passenger car segment dominated the automotive digital cockpit market in 2023, accounting for more than 80% of total sales. The growing demand for connected car technologies in passenger vehicles, as well as the arrival of self-driving vehicles, are likely to propel the segment forward. Automakers are increasingly focusing on providing a better user experience for their customers, which has boosted demand for car digital cockpits.

Over the forecast period, the commercial vehicles segment is expected to grow at a CAGR of over 10%. The growing need for commercial vehicles, as well as automotive firms' increasing focus on adding vehicle-to-vehicle communications in cars for fleet management, is likely to drive demand for automotive digital cockpit solutions, moving the industry forward.
Automotive Digital Cockpit Market Regional Insights:
In 2023, Asia Pacific dominated the market for automotive digital cockpits, accounting for 54.6 %. It is expected to maintain its supremacy over the forecast period, with a CAGR of more than 10%. The increased manufacturing and sales of passenger vehicles in the region are responsible for this growth. The region's mid-sized premium and luxury vehicle segments have seen increased growth as a result of high demand for automobiles and rising income levels. China will lead passenger car production in 2023, with 19.9 million units. Many automakers are including the most cutting-edge technology elements in their automobiles. For example, Audi, announced the launch of the Audi A6 car with a trademark Audi virtual cockpit in October 2023.

The market has a significant share of the overall vehicle digital cockpit market in Europe. The region is home to some of the world's most prestigious premium automobile manufacturers and automotive OEMs. OEMs such as Volkswagen, Daimler, BMW, Jaguar Land Rover, Honda, Nissan, and others have invested heavily in the region's automotive manufacturing industry. The market is expected to be driven by the fact that the bulk of premium car manufacturers in the region put modern automotive display systems in their vehicles.

The objective of the report is to present a comprehensive analysis of the Automotive Digital Cockpit Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help understand the Automotive Digital Cockpit Market dynamic and structure by analyzing the market segments and projecting the Automotive Digital Cockpit Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Digital Cockpit Market make the report investor’s guide.
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Automotive Digital Cockpit Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US$ 25.49 Bn.


Forecast Period 2024 to 2030 CAGR:
8.8 %
Market Size in 2030:
US$ 46.01 Bn.


 Segments Covered:
by Equipment
Digital instrument clusters
Driving monitoring system
Head-up display


by Vehicle type
Passenger Vehicle
Commercial Vehicle


by Electric vehicle type
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)



Automotive Digital Cockpit Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Automotive Digital Cockpit Market Key Players are:
1. Robert Bosch GmbH
2. Continental AG
3. Denso Corporation
4. Visteon
5. Panasonic
6. Hyundai Mobis
7. Garmin
8. Nippon
9. Faurecia
10. Aptiv
11. Pioneer
12. Magneti Marelli
13. Valeo
14. Clarion
15. Calsonic Kansei Corporation
16. Wayray
17. Preh
18. Desay SV
19. Yazaki
20. Luxoft

Frequently Asked Questions:

1] What segments are covered in the Automotive Digital Cockpit Market report?
Ans. The segments covered in the Automotive Digital Cockpit Market report are based on Equipment, Vehicle type, and Electric vehicle type.

2] Which region is expected to hold the highest share in the Automotive Digital Cockpit Market?
Ans. The Asia pacific region is expected to hold the highest share in the Automotive Digital Cockpit Market.

3] What is the market size of the Automotive Digital Cockpit Market by 2030?
Ans. The market size of the Automotive Digital Cockpit Market is expected to reach US $ 46.01 Bn. by 2030.

4] What is the forecast period for the Automotive Digital Cockpit Market?
Ans. The Forecast period for the Automotive Digital Cockpit Market is 2024-2030

5] What was the market size of the Automotive Digital Cockpit Market in 2023?
Ans. The market size of the Automotive Digital Cockpit Market in 2023 was valued at US $ 25.49 Bn.