Automotive Digital Cockpit Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 22.90 Billion |
| Market Size (2029) | USD 41.80 Billion |
| CAGR (2024 - 2029) | 10.56 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Digital Cockpit Market Analysis
The Automotive Digital Cockpit Market size is estimated at USD 22.90 billion in 2024, and is expected to reach USD 41.80 billion by 2029, growing at a CAGR of 10.56% during the forecast period (2024-2029).
The automotive digital cockpit market is valued at USD 22.9 billion and is expected to reach a value of USD 41.8 billion, registering a CAGR above 10.5% during the forecast period.
- The Covid-19 pandemic significantly impacted the automotive digital cockpit market. Supply chain disruptions decreased consumer spending, and production halts led to a decline in demand. However, the market was expected to recover gradually as the situation improved and automotive sales rebounded. The major factor that will drive the growth in the automotive digital cockpit market is the adaption of telematics, the Internet of things, safety and pollution sensors, navigation, and infotainment system.
- The luxury car segment provides a high level of comfort and convenience to the end user, and the major players in the luxury car segment are implementing digital cockpits in their automobiles to increase the demand as the target audience in the segment expects their vehicle to be equipped with latest comfort and safety features.
- The advancement of technology, connected cars, and autonomous vehicles will be one of the future technologies; a digital cockpit will be very helpful in capturing the details of all the connected cars and autonomous vehicles while driving on the roads to avoid collisions and accidents. The automotive cockpit system includes human-machine interface applications, infotainment platforms, and wireless connectivity in the vehicles, which enhances the driving experience.
- With the inclusion of digital cockpit systems, the overall cost of vehicles is expected to rise substantially. The digital cockpit is a digital screen in place of the traditional instrumental cluster. Basically, it is used to give a digital experience for car users through multiple screens, voice assistants, and other means of input. In price-sensitive regions like India, where the demand for vehicles is high, digital cockpit systems are not expected to be very popular among end users.
Automotive Digital Cockpit Market Trends
Increasing Global ADAS Production Volume will Fuel Camera Based Driving Monitoring System Demand
- Autonomous cars and connected vehicles are gaining consumers' interest and are anticipated to gain wider acceptance over the forecast period. With the rising technological advancements in the automotive industry and increasing purchasing power parity, end-users tend to spend more on the latest technologies, which enhance the driving experience and increase safety.
- Advanced driver-assistance system (ADAS) features such as collision warning, lane assistance, blind spot detection, etc., significantly impact consumer behavior and are expected to enhance vehicles' performance by reducing vehicle downtime by alerting the owner of any faults in the vehicle.
- However, the number of ADAS components will keep growing as these previously only available systems in high-end models are now being used in entry-level vehicles. These systems bring added safety and security to daily driving. Many of these systems allow the vehicle to make driving adjustments according to the condition. Functions such as steering, braking, and accelerating can be performed by the vehicle in certain situations. For instance,
- The lane-keep assist feature, which, when activated, provides steering assistance to keep a vehicle in its lane, was installed in 56% of new cars sold in Europe in the first half of 2021, 52% in Japan, 30% in Mainland China, and 63% in the United States.
- In July 2021, Magna International Inc. announced its plans to acquire safety tech major Veoneer Inc. Magna International Inc. entered into a definitive merger agreement with Veoneer Inc., where the company plans to acquire Veoneer Inc., a leading player in automotive safety technology. With this acquisition, Magna's aimed to strengthen and broaden its ADAS portfolio and industry position.
- Such factors are likely to contribute to the growth curve of the digital cockpit market over the forecast period.
Asia Pacific is expected to be the largest market during the forecast period
With the majority of the population resident in the region about 65%, the vehicle production in the region is expected to be the highest in the world, because of the high demand and increasing income levels of the people living in the region, which enhance the demand in mid-sized premium and luxury car segment in the region.
In Asia-Pacific China is expected to be at the forefront due to China's large automotive market, high consumer demand for advanced technologies, and government support for electric vehicles and smart transportation. Many OEMs are present in the region which are implementing the latest technology to attract new customers and forming strategic partnerships with major players in the market to gain strategic advantage. For instance,
In April 2023, Volkswagen's software venture in China with Thundersoft, through its subsidiary CARIAD. The partnership aims to develop and enhance digital cockpit technologies for Volkswagen's vehicles in the Chinese market. This move aligns with the growing demand for advanced digital cockpit solutions in China, as automakers prioritize connectivity, infotainment, and user experience to cater to the evolving preferences of Chinese consumers.
In October 2022, Nvidia and Qualcomm are playing significant roles in shaping the software-defined vehicle market, particularly in China. It discusses the increasing importance of digital cockpits in the Chinese automotive industry, driven by factors such as advanced connectivity, AI-based features, and user experience enhancements. Nvidia and Qualcomm's expertise in automotive computing platforms and software solutions positions them as key players in the Chinese digital cockpit market.
Hence, during the forecast period it is expected that the Asia pacific region will be the largest growing market.
Automotive Digital Cockpit Industry Overview
The automotive digital cockpit market is fragmented, with several players accounting for significant shares in the market. Some prominent Automotive Digital Cockpit market companies are Robert Bosch, Denso, Visteon, Aptiv, Hyundai Mobis, and others. The major players are investing heavily in the R&D of products and the incorporation of new technologies.
Automotive Digital Cockpit Market Leaders
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Robert Bosch GmbH
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Denso
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Visteon
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Panasonic automotive
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Aptiv
*Disclaimer: Major Players sorted in no particular order
Automotive Digital Cockpit Market News
August 2022: Advanced Micro Devices (AMD) and eCarX signed a strategic partnership to develop a next-generation digital cockpit for electric vehicles (EVs). The collaboration aims to integrate advanced technologies, including AMD's high-performance computing and graphics solutions, into eCarX's automotive platform to enhance the digital cockpit experience in EVs.
June 2022: The BlackBerry-powered digital cockpit solution developed by PATEO was chosen for integration into ten new vehicle models across five original equipment manufacturers (OEMs). The collaboration aims to deliver enhanced user experiences and advanced connectivity features by integrating BlackBerry's QNX operating system and PATEO's intelligent automotive solutions.
Automotive Digital Cockpit Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Increasing Consumer Demand for Advanced Infotainment and Connectivity Features
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4.2 Market Restraints
- 4.2.1 High Cost Associated with Implementing Advanced Digital Cockpit Systems
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value USD Billion)
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5.1 Equipment Type
- 5.1.1 Heads-up Display
- 5.1.2 Camera Based Driving Monitoring Systme
- 5.1.3 Digital Instruments Cluster
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5.2 Vehicle Type
- 5.2.1 Passenger Cars
- 5.2.2 Commercial Vehicles
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Rest of Europe
- 5.3.3 Asia Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Rest of the World
- 5.3.4.1 South America
- 5.3.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Robert Bosch GmbH
- 6.2.2 DENSO Corporation
- 6.2.3 Visteon Corporation
- 6.2.4 Panasonic Corporation
- 6.2.5 Nippon Seiki Co. Ltd.
- 6.2.6 Aptiv PLC
- 6.2.7 Hyundai Mobis
- 6.2.8 Faurecia
- 6.2.9 Harman International Industries, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Integration of Artificial Intelligence (AI) for Personalized User Experiences
Automotive Digital Cockpit Industry Segmentation
The digital cockpit market refers to the integration of advanced digital technologies and features into the automotive cockpit or interior space. It includes digital displays, infotainment systems, connectivity features, advanced driver assistance systems (ADAS), and other digital components that enhance the driving experience and provide a range of functionalities.
The automotive digital cockpit market is segmented by equipment type, vehicle type, and geography. By equipment type, the market is segmented by heads-up displays, camera-based driving monitoring systems, and digital instrument clusters. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By geography, the market is segmented by North America, Europe, Asia-Pacific, and the rest of the world.
The report offers market size and forecast in value (USD) for the above segments.
| Equipment Type | Heads-up Display | |
| Camera Based Driving Monitoring Systme | ||
| Digital Instruments Cluster | ||
| Vehicle Type | Passenger Cars | |
| Commercial Vehicles | ||
| Geography | North America | United States |
| Canada | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Rest of Europe | ||
| Geography | Asia Pacific | India |
| China | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Rest of the World | South America |
| Middle-East and Africa |
Automotive Digital Cockpit Market Research FAQs
How big is the Automotive Digital Cockpit Market?
The Automotive Digital Cockpit Market size is expected to reach USD 22.90 billion in 2024 and grow at a CAGR of 10.56% to reach USD 41.80 billion by 2029.
What is the current Automotive Digital Cockpit Market size?
In 2024, the Automotive Digital Cockpit Market size is expected to reach USD 22.90 billion.
Who are the key players in Automotive Digital Cockpit Market?
Robert Bosch GmbH, Denso, Visteon, Panasonic automotive and Aptiv are the major companies operating in the Automotive Digital Cockpit Market.
Which is the fastest growing region in Automotive Digital Cockpit Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Digital Cockpit Market?
In 2024, the Asia Pacific accounts for the largest market share in Automotive Digital Cockpit Market.
What years does this Automotive Digital Cockpit Market cover, and what was the market size in 2023?
In 2023, the Automotive Digital Cockpit Market size was estimated at USD 20.48 billion. The report covers the Automotive Digital Cockpit Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Digital Cockpit Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Digital Cockpit Industry Report
Statistics for the 2024 Automotive Digital Cockpit market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Digital Cockpit analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
