Market
Research Future (MRFR), in its latest report on the global Automotive Digital Cockpit Market 2020, reveals different aspects of
the market and potential forces that can impact the market dynamics. The
influence of COVID 19 outbreak on the market is also revealed in the report. The automotive digital cockpit market 2020 could
expand at a rate of 9.5% between 2019 and 2025 (evaluation period).
Key Boosters and Main Challenges
The COVID-19 outbreak has landed the automotive industry in a
soup, with major companies shifting their manufacturing from China to other
countries such as India. The global pandemic led to a strict lockdown across
countries, following which manufacturing companies were forced to close down
and curfews were imposed. This weakened the production level of several auto
products, which also includes digital cockpits. The COVID-19 impact on the
industry has been such that the consumer behavior has changed immensely, as
they are forced to buy only essential products.
However, since digital cockpits ensure seamless connection
between the application system and the vehicle, they are observing sustained
demand among drivers that want to save time and boost their connected lifestyle
in the vehicle. Further, autonomous vehicles have been quite useful in the
battle against SARS-CoV-2, by transporting food as well as urgent medical
supplies to infected locations, medical professionals. Autonomous vehicles have
also been helping in disinfecting healthcare facilities and hospitals to
control the spread of the novel coronavirus.
Top Market
Players
The top market players listed in the MRFR report are Aptiv
(Ireland), Faurecia (France), Visteon Corporation (US), Panasonic Corporation
(Japan), HARMAN International (US), Nippon Seiki Co., Ltd (Japan), Robert Bosch
GmbH (Germany), Pioneer Corporation (Japan), Continental (Germany), Denso
Corporation (Japan), to mention a few.
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Market
Segmentation
The digital cockpit market in the automotive industry has
been considered for equipment, vehicle type and propulsion.
·
The market segments depending on equipment are digital
instrument cluster display type, advanced head unit, head-up display (HUD) and
camera-based driver monitoring system.
·
The primary vehicle types considered are light
commercial vehicle, heavy commercial vehicle and passenger car.
·
Propulsion-wise, the market sections are battery
electric vehicle (BEV), internal combustion engine (ICE), plug-in hybrid
electric vehicle (PHEV) as well as hybrid electric vehicle (HEV).
Regional Study
The regional study of the automotive digital cockpit market
throws light on Europe, APAC/Asia Pacific, North America, and RoW/the Rest of
the World.
MRFR anticipates Europe to emerge as the clear winner in the
global market, as the region holds a massive number of leading automotive OEMs
along with tier-1 suppliers. Most of these OEMs are continuously striving to
enhance the features of traditional automotive digital cockpit, while adopting
IOT and telematics for better functioning. The escalating use of information,
safety, navigation and remote diagnostics within connected vehicles is also
inducing significant growth in the automotive digital cockpit market in Europe.
The APAC market is set to boom at a significant pace in the
near future, thanks to the widespread demand for better driver experience in
economy and mid-priced passenger cars. Being the biggest consumer and producer
of vehicles, India and China offer attractive growth prospects to the
automotive digital cockpit market.
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DETAILS – https://www.marketresearchfuture.com/reports/automotive-digital-cockpit-market-7755
TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Automotive Digital Cockpit Market, By Segments
7.
Competitive Analysis
Continued…
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