Global Automotive Cockpit Electronics Market Trends, Forecast Report 2025-2037
Automotive Cockpit Electronics Market size is poised to expand from USD 59.67 billion to USD 174.4 billion, registering a CAGR of more than 8.6% during the forecast timeline, from 2025 to 2037. In the year 2025, the industry size of automotive cockpit electronics is evaluated at USD 63.78 billion.
The market growth can be ascribed to 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.
Automotive Cockpit Electronics Sector: Growth Drivers and Challenges
Growth Drivers
- Upsurge in the Demand for Vehicles – is responsible for the rising demand for automotive cockpit electronics as it significantly increases the comfort of driving. Hence, the demand for vehicles is expected to drive the market growth of automotive cockpit electronics in the coming years. As per the data released in 2022 by the Federation of Automobile Dealers Associations (FADA), there was an increase in total vehicle retail value by 204% and 278% in passenger vehicles (PV) and commercial vehicles respectively.
- Rising Gross Domestic Product (GDP) Per Capita – it was found that the GDP per capita rose from USD 11.10 thousand in the year 2020 to USD 13.40 thousand in 2022 worldwide.
- Increasing Pedestrian Fatality Risk – according to World Health Organization, in the year 2018, the death risk rises for pedestrians hit by car fronts to 4.5 times from 50 km/h to 65 km/h.
- Growing Automobile Industry Exports – it is observed that the European automobile industry exports more than 5,000,000 motor vehicles every year, whereas a positive trade balance of 2,000,000 units is being observed in 2020.
- Growing Digitalization in Automotive Industry - according to the data, digital use increased by 75% between Q1 and Q2 of 2022. The volume of 2022 has already surpassed the amount of 2021 YTD by about 12%.
Challenges
- Rising Threat of Cyber Attacks - it was observed that from 2018 to 2022, the frequency of cyberattacks on cars increased by 225%. Outnumbering the physical attacks from 4 to 1, in 2021, almost more than 80% were remote attacks.
- Huge Cost Involved in Automotive Manufacturing
- Complicated Software Designs
Automotive Cockpit Electronics Market: Key Insights
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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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Automotive Cockpit Electronics Segmentation
End-user (Economic Passenger Cars, Mid-Priced Passenger Cars, Luxury Passenger Cars)
The mid-passenger car segment is poised to garner largest automotive cockpit electronics market revenue share by 2037, backed by 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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Customize this ReportAutomotive Cockpit Electronics Industry - Regional Synopsis
Asia Pacific Market Forecast
The Asia Pacific automotive cockpit electronics market is expected to account for largest revenue 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.
Companies Dominating the Automotive Cockpit Electronics Landscape
- Samsung Electronics Co., Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Continental Automotive GmbH
- Robert Bosch GmbH
- Denso Corporation
- Faurecia Clarion
- Garmin
- Panasonic Corporation
- Visteon Corporation
- Alps Alpine Co., Ltd.
- Delphi Automotive, PLC
In the News
- Samsung Electronics Co., Ltd.’s - subsidiary Harman International Industries collaborated with ARD. The collaboration will provide automotive manufacturers to offer ARD Audiothek app in their vehicles.
- Continental Automotive GmbH - signed a strategic cooperation agreement with the Pioneer Corporation for an integrated infotainment solution.
Author Credits: Saima Khursheed
- Report ID: 339
- Published Date: Jan 17, 2025
- Report Format: PDF, PPT
