Automotive Cockpits and Instrumentation Market Trends and Analysis by Technology, Companies and Forecast to 2028
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Automotive Cockpits and Instrumentation Market Report Overview
The automotive cockpits and instrumentation market is estimated at 261.6 million units in 2023 and is expected to record a CAGR of more than 2% during 2023-2028. The growth of the market is driven by the surge in innovations in the field of vehicle human-machine interfaces. A rise in technological advancements in in-vehicle infotainment, telematics, and navigation is increasing the demand for luxury cars and high-sophisticated vehicle components, resulting in the implementation of the automotive digital cockpit and instrumentation in the global market.
Automotive Cockpits and Instrumentation Market Outlook, 2023-2028 (Million Units)
Buy the Full Report for More Insights into the Automotive Cockpits and Instrumentation Market
The automotive cockpits and instrumentation market research report provides a comprehensive overview of the global automotive cockpits and instrumentation sector including an analysis of the current sector scenario regarding the future outlook in terms of key trends and drivers. The report also provides a detailed overview of technological developments and innovations, PESTER analysis, deep-dive analysis of the global market covering volume growth, regional overview, and leading component suppliers at a global and regional level. It also analyzes the recent product innovations and key strategic initiatives taken by the companies and provides an overview of patent filings in the sector across regions, countries, and top applicants.
Market Size (2023) | 261.6 million units |
CAGR (2023-2028) | >2% |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Key Sectors | · Instrument Clusters
· Instrument Panels · Outsourced Cockpits |
Key Regions | · Asia-Pacific
· Europe · North America · South America · MEA |
Key Companies | · Visteon
· Continental · Denso · Nippon Seiki · Marelli Holdings · Yazaki |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Automotive Cockpits and Instrumentation Market Trends
- Accelerated digitization within the automotive industry has led to increased customer demand for digital cockpits with advanced features that provide consumers with a much more immersive experience. In addition,
- developments in connected vehicles, autonomous vehicles, and electric vehicles are also driving the demand for digital cockpits and instrumentation clusters in passenger vehicles.
- Today, drivers are facing cognitive overload from having to interpret a multitude of information and notifications from the cockpit, while still trying to interpret directions on a 2D map, resulting in a non-optimal driving experience. Aiming to address this, Phiar is working with Qualcomm Technologies to transform navigation experiences by bringing seamless AI-powered road perception and AR navigation to video and HUD-based automotive IVI environments.
Automotive Cockpits and Instrumentation Market Segmentation by Sectors
The key sectors in the automotive cockpits and instrumentation market are instrument clusters, instrument panels, and outsourced cockpits. Each of these sectors hold an equal share as of 2023 and that is expected to be the case in 2028 as well.
Automotive Cockpits and Instrumentation Market Analysis by Sectors, 2023 (%)
Buy Full Report for More Sector Insights into the Automotive Cockpits and Instrumentation Market
Automotive Cockpits and Instrumentation Market Segmentation by Regions
Asia-Pacific is leading the automotive cockpits and instrumentation market in 2023.
The key regions in the automotive cockpit and instrumentation market are Asia-Pacific, Europe, North America, South America, and MEA. APAC is followed by Europe and North America. The market for digital cockpit systems in the Asian region is expected to have healthy growth driven by air quality sensors across digital cockpit systems. These sensors feature advanced signal evaluation systems that can detect external pollution levels, helping to prevent contaminated air and harmful substances from entering a car’s cabin. China has the largest market for cockpits and instrumentation in the region.
Automotive Cockpits and Instrumentation Market Analysis by Regions, 2023 (%)
Buy Full Report for More Region Insights into the Automotive Cockpits and Instrumentation Market
Automotive Cockpits and Instrumentation Market - Competitive Landscape
Visteon Corporation led the cockpit and instrumentation supply market in 2021, followed by Continental.
Some of the top companies operating in the automotive cockpits and instrumentation market are:
- Visteon
- Continental
- Denso
- Nippon Seiki
- Marelli Holdings
- Yazaki
In June 2022, Visteon introduced an image processing algorithm that preserves and improves the cockpit display image quality across the full range of ambient light conditions. Additionally, Visteon’s driver information systems product group includes instrument clusters and displays to assist driving, ranging from standard analog-electronic clusters to high-resolution, fully configurable, large-format digital LCD devices for the luxury vehicle segment.
Automated Manual Transmission Market Analysis by Companies, 2021 (%)
Buy the Full Report for More Company Insights into the Automotive Cockpits and Instrumentation Market
Automotive Cockpits and Instrumentation Market - Latest Developments
- In September 2023, Vehicle screen technology concepts including three cutting-edge car electronic displays and two digital cockpits are unveiled by LG Electronics.
- During the same period, a new digital dashboard for trucks called Smart Dash has been introduced by Scania which helps drivers take greater control of their trucks and get alerts about possible hazards in real-time. Drivers can select which information appears on the dashboard using both physical and digital controls.
Segments Covered in the Report
Automotive Cockpits and Instrumentation Sector Outlook (Value, Million Units, 2018-2028)
- Instrument Clusters
- Instrument Panels
- Outsourced Cockpits
Automotive Cockpits and Instrumentation Regional Outlook (Value, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
It includes an analysis of the following –
- Trends & Drivers: Provides an overview of current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
- Sector Forecast: Provides deep-dive analysis of global market covering volume growth during 2018–2028, and spot estimates for 2023 and 2028. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, North America, and South America, and MEA-highlighting sector size, and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region. The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances. The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion. To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
Continental
Denso
Bosch
Marelli
Table of Contents
Frequently asked questions
-
What is the automotive cockpits and instrumentation market size in 2023?
The cockpits and instrumentation market is estimated at 261.6 million units in 2023.
-
What is the growth rate of the automotive cockpits and instrumentation market?
The cockpits and instrumentation market is expected to record a CAGR of more than 2% during 2023-2028.
-
Which is the leading region in the automotive cockpits and instrumentation market?
Asia-Pacific is leading in the automotive cockpits and instrumentation market in 2023.
-
Who are the key players operating in the automotive cockpits and instrumentation market?
The top companies operating in the automotive cockpits and instrumentation market are Visteon, Continental, Denso, Nippon Seiki, Marelli Holdings, and Yazaki, among others.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.