Global Automotive Cockpit Electronics Market Report 2022: Market to Reach $39.5 Billion by 2026

Global Automotive Cockpit Electronics Market Report 2022: Market to Reach .5 Billion by 2026

DUBLIN, March 24, 2022 /PRNewswire/ — The “Automotive Cockpit Electronics – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

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Global Automotive Cockpit Electronics Market to Reach $39.5 Billion by 2026

The global market for Automotive Cockpit Electronics estimated at US$26 Billion in the year 2020, is projected to reach a revised size of US$39.5 Billion by 2026, growing at a CAGR of 7.3% over the analysis period.

Buoyed by increasing use of advanced technology, the share of automotive electronics components in vehicles in terms of vehicle cost has gradually increased from just 8-10% to over 30% in the recent years, providing a significant scope of opportunity for automotive cockpit electronics.

Growth in the global market is set to be driven by increasing consumer preference for convenience features and enhanced user experience. Rising disposable income and demand for autonomous vehicles are prompting people to invest in latest car models with advanced electronics that allow users to view information in the line-of-sight, like navigation.

The integration of sophisticated technologies and government regulations on telematics and increasing connectivity aid in market expansion. The market growth is also bolstered by increasing use of innovative technologies like head-up display and in-car navigation systems.

Infotainment & Navigation, one of the segments analyzed in the report, is projected to grow at a 8% CAGR to reach US$14.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Information Display segment is readjusted to a revised 7.4% CAGR for the next 7-year period.

This segment currently accounts for a 25.6% share of the global Automotive Cockpit Electronics market. Intuitive, ergonomic, and easy to operate vehicle function controls and human machine interface are diluting the fears over driver distraction caused by vehicle entertainment systems, thereby making infotainment systems mainstream automotive systems.

The U.S. Market is Estimated at $7.5 Billion in 2021, While China is Forecast to Reach $7.7 Billion by 2026

The Automotive Cockpit Electronics market in the U.S. is estimated at US$7.5 Billion in the year 2021. The country currently accounts for a 27.85% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$7.7 Billion in the year 2026 trailing a CAGR of 8.6% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 6.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR while Rest of European market (as defined in the study) will reach US$8.4 Billion by the end of the analysis period.

The US witnessed high penetration rate for automotive navigation systems owing to robust uptake within the light commercial vehicles segment and changing consumer preferences. The Asia-Pacific region is poised to gain from increasing consumer demand and rising vehicle production. The region is receiving

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Global Automotive Cockpit Electronics Market to Reach $39.5 Billion by 2026

Global Automotive Cockpit Electronics Market to Reach .5 Billion by 2026

SAN FRANCISCO, March 11, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Automotive Cockpit Electronics – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Automotive Cockpit Electronics - FEB 2022 Report

Automotive Cockpit Electronics – FEB 2022 Report

FACTS AT A GLANCE

What’s New for 2022?

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies – Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to our digital archives and MarketGlass Research Platform

  • Complimentary updates for one year

Edition: 8; Released: February 2022
Executive Pool: 612
Companies: 45 – Players covered include Alps Alpine Co., Ltd.; Aptiv plc; Continental AG; DENSO Corporation; Faurecia Clarion Electronics Co., Ltd.; Ford Motor Company; Garmin Ltd.; Harman International Industries, Inc.; IAV GmbH; Magneti Marelli S.p.A.; Nippon Seiki Co., Ltd.; Panasonic Corporation; Robert Bosch GmbH; TomTom International BV.; Visteon Corporation and Others.
Coverage: All major geographies and key segments
Segments: Product (Infotainment & Navigation, Information Display, Instrument Cluster, Telematics, HUD, Other Products)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Latin America; Middle East; Africa.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Automotive Cockpit Electronics Market to Reach $39.5 Billion by 2026
Automotive cockpit electronics represents an area dedicated to instrument panel and controls that allow center stack electronics and information for enhanced safety, convenience, and driving experience. Buoyed by increasing use of advanced technology, the share of automotive electronics components in vehicles in terms of vehicle cost has gradually increased from just 8-10% to over 30% in the recent years, providing a significant scope of opportunity for automotive cockpit electronics. Growth in the global market is set to be driven by increasing consumer preference for convenience features and enhanced user experience. Rising disposable income and demand for autonomous vehicles are prompting people to invest in latest car models with advanced electronics that allow users to view information in the line-of-sight, like navigation. Cockpit electronics is anticipated to gain from high level of safety enabled by innovative technologies integrated in automotive cockpit modules. The integration of sophisticated technologies and government regulations on telematics and increasing connectivity aid in market expansion. The market growth is also bolstered by increasing use of innovative technologies like head-up display and in-car

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