Automotive cockpit electronics are used to enhance driving conditions and to create a comfortable atmosphere inside the vehicle. Their sales are made through Original Equipment Manufacturing (OEM) contracts and the aftermarket. Increasing per capita income and industrial development are key drivers for the automotive and cockpit electronics industry globally. The per capita car ownership has been continuously rising due to a worldwide increase in the middle-class population. Growing concerns of the consumers regarding a safety has increased the demand for automated passenger cars that gives the drivers higher control over their vehicles. Infotainment has seen a significant rise in the recent years since the consumers are seen to be inclined towards a more informed driving experience.
With the increasing number of road accidents, vehicle owners are turning towards more automated vehicles. Stringent regulations are leading to the inclusion of advanced features in passenger cars including tire pressure monitoring system (TPMS), electronic stability control, and occupant detection. Original Equipment Manufacturers (OEMs) are under constant pressure to equip their vehicles with advanced safety systems. North America, Japan, China, and South Korea are the major countries where these regulations have been imposed. For instance, the South Korean Ministry of Land, Transport, and Maritime Affairs issued a regulation effective from January 1, 2013 which requires the new models of passenger vehicles and other transport vehicles of 3.5 Gross Vehicle Weight (GVW) tons or lesser to be equipped with TPMS. Moreover, effective from June 30, 2014, the same regulation would also be applicable to the existing vehicles. Similar regulations are expected to be implemented in Japan, China, and India by 2017, 2018, and 2019 respectively.
Automotive sensors such as GPS systems and humidity sensors keep the driver more informed about the location of his vehicle, routes, and weather conditions. Adaptive lighting sensors automatically adjust the luminance of the vehicle’s light beam, depending on the light and road conditions. The increasing tour and leisure activities have increased the scope of info-travelling to a great extent and that is further fueling the demand for automotive sensors.
Eurozone crisis remains a key concern for the automotive cockpit electronics market and has affected the OEM sales in the region. However, the market is expected to gain momentum in this area towards the end of the forecasted period as a result of expected improvements in the economy. The registration of new cars in the European Union has been observed to be increasing every month as compared to the sales in the same month for the previous year. According to the European Automobile Manufacturers’s Association (EAMA), Spain, the U.K., and Italy witnessed the strongest growth in the passenger car sales in October 2014 as compared to October 2013. With the tightening of regulations for the passenger car manufacturers (for instance, the TPMS becoming mandatory for new vehicles in Europe), plenty of opportunity awaits the automotive cockpit electronic companies in the near term.
Certain developing countries are reporting high growth rates in the cockpit electronics market. Brazil was the sixth largest automobile producer globally. It is a young country with over half of its population below thirty years of age and over 70% of its population economically active. However, the slowdown of its economy since 2010 has affected automobile sales in the country. The country’s cockpit electronics market is witnessing high growth due to its increasing per capita consumption and escalating urbanization (which stood at approximately 87% in 2013).
The major players in this industry include Continental, Denso, Visteon, Harman, Alpine, Panasonic, Delphi, Bosch, and Pioneer. The companies are making new investments to improve their technology in order to retain their competitiveness in the industry. For instance, Denso, Harman, and Delphi are actively funding their research and development activities.
Our reports have been used by over 10K customers, including:
The Global Automotive Piston Pin Market is poised to grow at a CAGR of around XX% over the next decade to reach approximately $XX million by 2028. Some of the prominent trends that the market is witnessing include growing urbanization and industrialization, customization of the piston pins for improved performance,...
276 pages •
By Global Industry Analysts
• Apr 2021
- Global Vehicle Security Systems Market to Reach $13.6 Billion by 2027
- Amid the COVID-19 crisis, the global market for Vehicle Security Systems estimated at US$9.1 Billion in the year 2020, is projected to reach a revised size of US$13.6 Billion by 2027, growing at a CAGR of 6% over the analysis period...
Asia Automotive Camshaft Market Size, Share & Trends Analysis Report By Engine Type, By Fuel Type, By Manufacturing Technology, By Vehicle Type, By Sales Channel, And By Region, And Segment Forecasts, 2021 - 2028
Asia Automotive Camshaft Market Growth & Trends
The Asia automotive camshaft...
Global ADAS and Autonomous Driving Component Market Anticipated to Reach $66.23 Billion by 2030 Market Report Coverage - ADAS and Autonomous Driving Component Market Segmentation • Application Type – By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Trucks, and Heavy Buses) •...
The automotive driveshaft market is valued at USD 29.15 billion in 2020 and is expected to reach USD 39.67 billion in 2026 and is anticipated to register a CAGR of about 4.93% during the forecast period (2021-2026). The outbreak of pandemic COVID-19, impacted the whole supplychain for the market as demand side (i.e. OEMs) plants were...
The automotive lighting market was valued at USD 26.49 billion in 2020, and it is expected to reach USD 39.77 billion by 2026, projecting a CAGR 6.55% during the forecast period. Global sales of cars and SUVs fell to just under 77 million units in 2020, down from a peak of almost 94.35 million units in 2017. The sector is projected...
300 pages •
By The Business Research Company
• Feb 2021
Major companies in the passenger car market include Volkswagen; Toyota; General Motors; Renault-Nissan and Hyundai-Kia. The global passenger car market is expected to grow from $1321.74 billion in 2020 to $1445.1 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. The growth is mainly due to the companies rearranging their...
The global airborne optronics market size is projected to grow from USD 1.4 billion in 2020 to USD 2.5 billion by 2025, at a CAGR of 12.7% from 2020 to 2025. The market is driven by various factors, such as growing fleet of commercial and combat aircraft and increased deployment of electro-optics in unmanned vehicles. The airborne optronics...
182 pages •
By Global Industry Analysts
• Apr 2021
- Global Automotive Active Seat Belt System Market to Reach $12.6 Billion by 2027
- Amid the COVID-19 crisis, the global market for Automotive Active Seat Belt System estimated at US$10.8 Billion in the year 2020, is projected to reach a revised size of US$12.6 Billion by 2027, growing at aCAGR of 2.2% over...
- Global Passenger Car Energy Recovery Systems Market to Reach $155.9 Billion by 2027
- Amid the COVID-19 crisis, the global market for Passenger Car Energy Recovery Systems estimated at US$32.9 Billion in the year 2020, is projected to reach a revised size of US$155.9 Billion by 2027, growing at a CAGR of...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.