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Automotive Digital Cockpit Market Research Report – Segmented By Equipment, Display Technology, Vehicle Type, Electric Vehicle Type, & Region - Size, Share, Trends, COVID-19 Impact & Growth Analysis - Industry Forecast (2022 to 2027)

Automotive Digital Cockpit Market Size (2022 - 2027)

The global Automotive Digital Cockpit Market size is expected to grow with a CAGR of 15.0%. The market is expected to grow from USD 19.9 billion in 2022 to reach USD 38.4 billion in 2027 during the forecast period.

The automotive digital cockpit is a collection of digital instruments along with an infotainment system and one or two digital displays. The automotive digital cockpit contains the continuous inclination of electrification, the advent of connected or autonomous vehicles, and hybridization.

Digital cockpits are used in automobiles to improve the driving experience by delivering safety for the drivers. The architecture of the digital cockpit system has become more competent and strong due to combining Advanced Driver Assistance Systems (ADAS) functionality for developed safety and security and cloud-based services.

Digital cockpits help capture the details of all connected cars and autonomous vehicles while driving on the roads, preventing accidents and collisions. The automotive cockpit system includes human-machine interface applications, wireless connectivity, and infotainment platforms in vehicles. These applications develop the driving experience. 

Market Drivers

The growing number of connected cars is driving the automotive digital cockpit market. The demand for vehicle connectivity and navigation system in the automotive industry is incrementing the market growth due to the mounting use of visualization technology. The sales of electric vehicles are increasing boosting the automotive digital cockpit market growth. The demand for improved comfort, safety, and convenience in vehicles across developed and developing countries. 

Including digital cockpit systems, the total cost of the system is expected to rise subsequently. The increase in the number of innovations in the vehicle human-machine domain interface and the rising number of connected vehicles fuel the market growth during the foretold period. The demand for intelligent transportation systems and efficient use of advanced technologies led to the creation of safer vehicles. 

Market Restrains

However, the ups and downs in the prices of the raw materials and the overall cost to manufacture the digital cockpit system diminish the market growth. 

Recent Market Developments

  • On October 05, 2022, Visteon partnered with BlackBerry in expanding its automotive industry to increase the use of digital cockpit solutions for automakers and suppliers globally. 
  • On June 16, 2022, Continental and Elektrobit combine Alexa Custom Assistant into a cockpit high-performance computer. The collaboration will together bring Continental's automotive electronics and Elektrobit's software expertise. 
  • On January 13, 2022, Denso collaborated with Qualcomm for developing 'next-generation' vehicle dashboards. Denso targets to improve next-generation combined with cockpit systems utilizing Qualcomm technologies.

Segmentation Analysis

As per the research report, the global automotive digital cockpit market is segmented and sub-segmented based on the equipment, display technology, vehicle type, and electric vehicle type.

Automotive Digital Cockpit Market - By Equipment

  • Digital Instrument Cluster
  • Advanced Head Unit
  • Head-Up Display
  • Camera-Based Driver Monitoring

The camera-based driver monitoring segment is expected to grow during the forecast period. The segment growth owes to the growing inclination of the human-machine interface inside the vehicle. A rising number of accidents occur due to tiredness and drowsiness. 

The head-up display segment accounts to grow with the highest CAGR share from 2022 to 2027. The collaboration of augmented reality for safety development and driving experience. 

The head-up display segment is anticipated to register the highest CAGR share during the foretold period. The head-up display is a transparent display that shows information directly in the driver's line of sight. The head-up display helps the driver provide information regarding the speed, navigating, and warning signals without looking down for the secondary display or instrument cluster. 

Automotive Digital Cockpit Market - By Display Technology

  • LCD
  • TFT-LCD
  • OLED

Based on the display technology, the TFT-LCD segment dominated the market growth in terms of revenue. The segment growth ascribes to temperature and durableness supplied by LCD-TFT displays. 

Automotive Digital Cockpit Market - By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

The passenger vehicle type segment accounts for the largest share in the market. The demand for connected car features in passenger vehicles and the emergence of autonomous and semi-autonomous drive the market growth of the segment. The adoption rate of technologies in passenger vehicles is high due to the rising demand for premium and sports utility vehicles (SUVs). 

Moreover, the demand for sports utility vehicles (SUVs) and premium sedans foster the passenger vehicle segment throughout the foretold period. 

Automotive Digital Cockpit Market - By Electric Vehicle Type

  • Battery Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-In Hybrid Electric Vehicle

Regional Analysis

Regionally, the Asia-Pacific dominated the automotive digital cockpit market with the largest share in terms of revenue in 2022. The region accounts to grow with a CAGR of 56.4% across the region. The region continues to retain its dominance throughout the foretold period. The production and sales of passenger vehicles are surging the market growth in the APAC. 

However, the demand for automobiles is hiking with the rising income levels of the customers which have resulted in surging growth of mid-sized premium and luxury car segments. 

China led the passenger car production in 2022 with more than 19.9 million units. For example, in October 2022, Audi announced the launch of the Audi A6 Sedan with the signature of the Audi virtual cockpit. 

The European market for the automotive digital cockpit is expected to have a considerable share in the region. Europe is the center for manufacturing for prominent vehicle manufacturers and automotive OEMs. 

The growing investments for the research and development activities help the market to grow further. As per the European Automobile Manufacturers Association in 2022, the European investments in automotive for research and development activities increased by 6.7% to nearly 62.25 billion every year. 

German automotive digital cockpit is leading the region. The German market is leading position in developing automotive digital cockpits that expect to connect with the suppliers.

Latin America and the Middle East and African regions are considered to have remarkable growth during the forecast period. The demand for passenger cars from the middle-class population is uprising with growing demand for automotive digital cockpits snowballs the market growth during the foreseen period. 

Major players in the Automotive Digital Cockpit Market

  1. Visteon (US)
  2. Continental (Germany)
  3. Robert Bosch (Germany)
  4. Denso (Japan)
  5. Clarion (Japan) are some major key players in the global automotive digital cockpit market. 

COVID-19 Impact on Automotive Digital Cockpit Market

During the COVID-19 pandemic period, the automotive industry has witnessed a moderate fall. The sales of automobiles have drooped due to strict lockdown. The fall in sales is due to the production of vehicles in Europe and North America. 

Automotive Digital Cockpit Market - Forecast (2021 - 2026)

Chapter 1. Automotive Digital Cockpit Market  – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Automotive Digital Cockpit Market  – Executive Summary

2.1. Market Size & Forecast – (2021 – 2026) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

                2.3.1. Impact during 2021 - 2026

                2.3.2. Impact on Supply – Demand

                2.3.3. Impact on Production Cost

                2.3.4. Impact on Supply Chain

Chapter 3. Automotive Digital Cockpit Market  – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Automotive Digital Cockpit Market  Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3  Customer Analysis

4.4. Porters Five Force Model

                4.4.1. Bargaining Power of Suppliers

                4.4.2. Bargaining Powers of Customers

                4.4.3. Threat of New Entrants

                4.4.4. Rivalry among Existing Players

                4.4.5. Threat of Substitutes

Chapter 5. Automotive Digital Cockpit Market  - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Automotive Digital Cockpit Market – By Equipment

6.1. Digital Instrument Cluster

6.2. Advanced Head Unit

6.3. Head-Up Display

6.4. Camera-Based Driver Monitoring

Chapter 7 . Automotive Digital Cockpit Market  – By Display Technology

7.1. LCD

7.2. TFT-LCD

7.3. OLED

Chapter 8 . Automotive Digital Cockpit Market  – By Vehicle Type

8.1. Passenger Vehicle

8.2. Commercial Vehicle

Chapter 9. Automotive Digital Cockpit Market  – By Electricle Vehicle Type

8.1. Battery Electric Vehicle

8.2. Hybrid Electric Vehicle

8.2. Plug-In Hybrid Electric Vehicle

Chapter 10. Automotive Digital Cockpit Market , By Geography – Market Size, Forecast, Trends & Insights

10.1. North America

                10.1.1. U.S.A

                10.2. Canada

                10.1.3. Mexico

10.2. Europe

                10.2.1. Italy

                10.2.2. Spain

                10.2.3. Russia

                10.2.4. Germany

                10.2.5. UK

                10.2.6. France

                10.2.7. Rest of Europe

10.3. Asia Pacific

                10.3.1. Japan

                10.3.2. South Korea

                10.3.3. China

                10.3.4. India

                10.3.5. Australia & New Zealand

                10.3.6. Rest of Asia-Pacific

10.4. Rest of the World

                10.4.1. Middle East

                10.4.2. Africa

                10.4.3. South America

Chapter 11. Automotive Digital Cockpit Market  – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

11.1. Company 1

11.2. Company 2

11.3. Company 3

11.4. Company 4

11.5. Company 5

11.6. Company 6

11.7. Company 7

11.8. Company 8

11.9. Company 9

11.10. Company 10

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