Integrating advanced electronics in vehicles is intended to increase the ease of driving and safety while driving it. Recently, the growing demand for advanced infotainment has also encouraged vehicle manufacturers to focus on cockpit electronics, thus fuelling the demand from the global market for automotive cockpit electronics.
The automotive electronics industry aims to provide a perfect combination of design, ergonomics, quality, and feel in their products. The solutions provided by this industry include instrument clusters, infotainment and navigation, displays, and telematics. Apart from having an exceptionally large market, the cockpit electronics industry has also reported impressive growth in recent years. The report projects the impressive growth trend to continue over the forthcoming years.
Regionally, the report segments the global automotive cockpit electronics market into Asia Pacific, Europe, North America, and Rest of the World. Among these regions, North America and Europe currently are the largest markets for automotive cockpit electronics. The market in these regions is led by countries such as Germany, France, Italy, Canada, and the U.S. Likewise, the rapidly expanding automotive industry in Asia Pacific provides lucrative opportunities for enterprises operating in the regional automotive cockpit electronics market. Growth of the market in China and India will be robust in the coming years, states the report. The increasing population of the region, coupled with the rising living standards, will fuel demand from the market for automotive cockpit electronics in India and China.
The spending capacity of consumers around the world has significantly increased in recent years, which has encouraged them to opt for high-end luxury vehicles such as SUVs and sedans. This, in turn, has increased the scope for high-end automotive cockpit electronics manufacturers. The market also gains impetus from the growing interest in racing and super cars. However, cockpit electronics often have a relatively long product lifecycle. Hence, the real opportunities for players operating in the market lie in product innovation and maintaining a research-oriented outlook, so that they are able to offer advanced solutions to woo customers in their favor.
To provide an executive-level blueprint of the market for automotive cockpit electronics, the report also profiles some of the most prominent players operating in the market such as Alpine Electronics Inc., Continental AG, Delphi Visteon Corp., Denso Corp., Johnson Controls, Bosch Pioneer, IAV, Hangsheng Electronics Co., Ltd., Magneti Marelli, Harman International Industries Inc., Panasonic Corp., KPIT Cummins, Nippon Seiki, Valeo, Visteon Corp., and Yazaki Corporation.
In a new report, titled “Automotive Cockpit Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” Transparency Market Research provides a comprehensive overview of the growth trajectory exhibited by the market for automotive cockpit electronics. It studies the growth drivers and restraints influencing the prevailing demand and supply trends in the market.