Automotive Cockpit Electronics Market size was valued at USD 59.67 billion in 2024 and is expected to reach USD 174.4 billion by 2037, registering around 8.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive cockpit electronics is evaluated at USD 63.78 billion. In the year 2024, the industry size of automotive cockpit electronics is evaluated at USD 59.08 Billion.
The growth of the market can primarily be attributed to the growing concern for the rising incidence of road traffic injuries and crashes worldwide, which can be averted with easy access to automotive control mechanisms. According to the World Health Organization (WHO), Global Status Report on Road Safety 2018, about 1.3 million deaths occur each year because of road traffic crashes worldwide.
Automotive cockpit electronics is an aggregate term used for infotainment, navigation, audio, driver information, digital, instrument cluster, and center stack electronics. The advance automotive cockpit electronics consist of multiple screens to display all relevant information in one place without causing any distraction for drivers. A human-machine interface with different components makes it easier for the user to communicate, control, and navigate smoothly.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.6% |
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Base Year Market Size (2024) |
USD 59.67 billion |
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Forecast Year Market Size (2037) |
USD 174.4 billion |
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Regional Scope |
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End-user (Economic Passenger Cars, Mid-Priced Passenger Cars, Luxury Passenger Cars)
The global automotive cockpit electronics market is segmented and analyzed for demand and supply by end-user into economic passenger cars, mid-priced passenger cars, and luxury passenger cars. Amongst these segments, the mid-passenger car segment is anticipated to garner the largest revenue by the end of 2037, backed by the growing demand for cars that can be distinguished from the surge in the sales of different cars worldwide. It was found that, in the year 2021, approximately 56 million units of cars were sold globally, showing an increase of 4% from 2020.
Our in-depth analysis of the global automotive cockpit electronics market includes the following segments:
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By Equipment |
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By Application |
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By End-User |
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Asia Pacific Market Forecast
The Asia Pacific automotive cockpit electronics market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth can be attributed to the industrial production structural changes along with the surged demand for automotive electronics with the increasing automobile production in the region. According to the International Organization of Motor Vehicle Manufacturers (OICA) data, in the year 2021, China produced 21 407 962 passenger cars, becoming the largest producer in the world.
Author Credits: Saima Khursheed
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