The automotive digital cockpit market is projected to grow at a CAGR of 13.59% during the forecast period, to reach USD 35.9 billion by 2025 from an estimated USD 14.7 billion in 2018. The demand for comfort and convenience amenities in cars has been rising rapidly. The demand for a personalized user experience and rising customer awareness are anticipated to propel the growth of the automotive digital cockpit market.
Advanced head unit, by equipment, is estimated to hold the largest market share during the forecast period.
According to estimates, the automotive digital cockpit market’s advanced head unit category will account for the majority of sales throughout the projected period. OEMs have begun including this technology as standard equipment in their luxury and mid-priced vehicle categories. This is boosting demand for upgraded head units in the automobile digital cockpit sector. Additionally, upgraded head units in luxurious and ultra-luxurious cars offer high-end functions like gesture and speech recognition. The market for automotive digital cockpit is primarily driven by rising premium vehicle sales.
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Passenger vehicle segment of the automotive digital cockpit market is estimated to be the fastest growing segment, by vehicle type, from 2018 to 2025
According to estimates, the automotive digital cockpit market’s passenger vehicle segment will develop the fastest. The need for automotive digital cockpit will increase as more luxury and mid-sized vehicles, particularly in North America and Europe, embrace advanced digital cockpit technology including a digital instrument cluster, advanced head unit, head-up display, and camera-based driver monitoring.
Europe to be the largest market for automotive digital cockpit in 2025
In 2025, Europe is anticipated to be the vehicle digital cockpit market’s largest region. The market for automotive digital cockpit is anticipated to be driven by regulations relating to E-call and increased desire for a digital experience inside the vehicle cockpit. The market for automotive digital cockpit is also being driven by the trend of electronic control unit (ECU) consolidation and the use of domain controller to handle contemporary cockpit features.
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Key Market Players
The automotive digital cockpit market is dominated by globally established players such as Visteon (US), Continental (Germany), Robert Bosch (Germany), Denso (Japan), Garmin (US), and Magna (Canada).
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