The Automotive Digital Cockpit Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Digital Cockpit Global Market Report 2024, The automotive digital cockpit market size has grown rapidly in recent years. It will grow from $23.82 billion in 2023 to $26.52 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to consumer demand for connectivity, in-car entertainment, government regulations, competitive differentiation, globalization of automotive markets, government regulations.
The automotive digital cockpit market size is expected to see rapid growth in the next few years. It will grow to $39.85 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to cybersecurity concerns, health and wellness monitoring, rise of mobility-as-a-service (MaaS), sustainable mobility, smart city integration. Major trends in the forecast period include advanced driver-assistance systems, augmented reality (AR) head-up displays (HUDs), customization and personalization, digital assistants and voice recognition, integration of biometric sensors, haptic feedback and touch controls.
The increasing number of connected vehicles is expected to propel the growth of the automotive digital cockpit market going forward. A connected vehicle refers to a vehicle that has an inbuilt system of connectivity that makes it possible to access the internet and connect wirelessly to nearby devices. The automotive digital cockpit helps connected vehicles unlock future connected car experiences and is envisioned as the key technology trend. For instance, in March 2022, according to the Scania Report 2021, a Sweden-based manufacturing company, Scania had around 560,000 connected vehicles (64% of its 10-year rolling fleet) and that number is rapidly increasing. Therefore, an increasing number of connected vehicles is driving the growth of the growth of the automotive digital cockpit market.
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The automotive digital cockpit market covered in this report is segmented –
1) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
2) By Equipment: Digital Instrument Cluster, Driving Monitoring System, Heads-Up Display
3) By Display: LCD, TFT-LCD, OLED
Major companies operating in the automotive digital cockpit industry are adopting a strategic partnership approach to enhance integrated solutions and deliver innovative, user-centric in-vehicle experiences. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in August 2022, AMD, a US-based semiconductor company, partnered with ECARX, a China-based automotive technology provider. With this partnership, ECARX and AMD aim to develop an immersive digital cockpit in-vehicle computing platform for next-gen electric vehicles, offering advanced features such as driver information mode, heads-up display, multi-zone voice recognition, high-end gaming, and a full 3D user experience.
The automotive digital cockpit market report table of contents includes:
1. Executive Summary
2. Automotive Digital Cockpit Market Characteristics
3. Automotive Digital Cockpit Market Trends And Strategies
4. Automotive Digital Cockpit Market – Macro Economic Scenario
5. Global Automotive Digital Cockpit Market Size and Growth
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26. South America Automotive Digital Cockpit Market
27. Brazil Automotive Digital Cockpit Market
28. Middle East Automotive Digital Cockpit Market
29. Africa Automotive Digital Cockpit Market
30. Automotive Digital Cockpit Market Competitive Landscape And Company Profiles
Top Major Players:
- Volkswagen Group
- Bayerische Motoren Werke AG
- Daimler AG
- Robert Bosch GmbH
- Pioneer Corporation
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