Automotive Cockpits and Instrumentation Market Trends and Analysis by Technology, Companies and Forecast to 2028
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Automotive Cockpits and Instrumentation Market Report Overview
The automotive cockpits and instrumentation market size was 261.6 million units in 2023. The market will grow at a CAGR of more than 2% during 2023-2028. Currently, there is a rise in customer demand for automotive digital cockpit with sophisticated features and an immersive experience. This is a result of the automotive industry’s accelerated digitization. In 2023, Asia-Pacific accounted for a significant share of the market.
Automotive Cockpits and Instrumentation Market Outlook, 2023-2028 (Million Units)
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The automotive cockpits and instrumentation market research report provides a comprehensive overview of the automotive cockpit market trends and drivers. The automotive cockpit report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, evaluate strategic initiatives by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings across sectors, regions, countries, and top applicants.
Market Size (2023) | 261.6 million units |
CAGR (2023-2028) | >2% |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | Visteon, Continental, Denso, Nippon Seiki, Marelli Holdings, and Yazaki |
Key Sectors | Instrument Clusters, Instrument Panels, and Outsourced Cockpits |
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Automotive Cockpits and Instrumentation Market Trends
- The key trends shaping the automotive cockpits and instrumentation industry are the growing demand for digital cockpits; seamless AI-powered road navigation; and growth in the penetration of connected cars, electrification, and autonomous vehicles.
Growing demand for digital cockpits: Accelerated digitization within the automotive industry has increased customer demand for digital cockpits. Automotive digital cockpits with advanced features provide consumers with an immersive experience. Developments in connected vehicles, autonomous vehicles, and electric vehicles are further driving the demand for digital cockpits and instrumentation clusters in passenger vehicles.
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Automotive Cockpits and Instrumentation Market Segmentation by Regions
In 2023, Asia-Pacific accounted for the highest share among all the regions
The key regions in the automotive cockpit and instrumentation market are Asia-Pacific, Europe, North America, South America, and MEA. Air quality sensors across digital cockpit systems drove the Asia-Pacific market growth in 2023. These sensors feature advanced signal evaluation systems that can detect external pollution levels. This feature helps to prevent contaminated air and harmful substances from entering a car’s cabin.
Automotive Cockpits and Instrumentation Market Analysis by Regions, 2023 (%)
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Automotive Cockpits and Instrumentation Market - Competitive Landscape
Visteon Corporation accounted for the highest market share in 2021
A few of the top companies operating in the market are:
- Visteon
- Continental
- Denso
- Nippon Seiki
- Marelli Holdings
- Yazaki
Visteon introduced an image processing algorithm that preserves and improves the cockpit display image quality.
Moreover, the company is taking strategic actions to aid the growth of the automotive cockpits and instrumentation market. The company’s driver information systems product group includes instrument clusters and displays to assist driving.
Automotive Cockpits and Instrumentation Market Analysis by Companies, 2021 (%)
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Automotive Cockpits and Instrumentation Market Segmentation by Sectors
The key sectors in the automotive cockpits and instrumentation market are instrument clusters, instrument panels, and outsourced cockpits. Each of these sectors held an equal share of the market as of 2023.
Automotive Cockpits and Instrumentation Market Analysis by Sectors, 2023 (%)
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Automotive Cockpits and Instrumentation Market – Latest Deals
A few of the latest deals in the automotive cockpits and instrumentation market are as follows:
13th October 2023: Baidu held a media preview for the upcoming “Baidu World 2023.” During the media preview, the company unveiled the most recent advancements in its ERNIE large model-based smart cockpit technology.
11th September 2023: LG Electronics unveiled vehicle screen technology concepts. Three cutting-edge car electronic displays and two digital cockpits are among its offerings.
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Segments Covered in the Report
Automotive Cockpits and Instrumentation Sector Outlook (Value, Million Units, 2018-2028)
- Instrument Clusters
- Instrument Panels
- Outsourced Cockpits
Automotive Cockpits and Instrumentation Regional Outlook (Value, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
- Trends & Drivers: Provides an overview of the current key trends and drivers that will influence the sector’s growth in the future.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of political, economic, social, technological, environmental, and regulatory factors impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018-2028, and spot estimates for 2023 and 2028. The analysis also covers a regional overview across four regions highlighting sector size and growth drivers.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- The report provides OEMs and component suppliers’ latest information on market evolution to help formulate sales and marketing strategies.
- The report provides authentic market data with a high level of detail to help gain a competitive edge in the market.
- The report provides its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector.
- The report analyzes regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The report assesses the key trends that drive customer choice and the future opportunities that can be explored in the region. Actionable insights on trends can help companies in revenue expansion.
- The report helps gain competitive intelligence about leading component suppliers in the region with information about their market share and growth rates.
Continental
Denso
Bosch
Marelli
Table of Contents
Table
Figures
Frequently asked questions
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What was the automotive cockpits and instrumentation market size in 2023?
The automotive cockpits and instrumentation market size was 261.6 million units in 2023.
-
What will the automotive cockpits and instrumentation market growth rate be during the forecast period?
The cockpits and instrumentation market is expected to record a CAGR of more than 2% during 2023-2028.
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Which was the leading region in the automotive cockpits and instrumentation market in 2023?
Asia-Pacific was leading in the automotive cockpits and instrumentation market in 2023.
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Which are the key companies operating in the automotive cockpits and instrumentation market?
The top companies operating in the automotive cockpit and instrumentation market are Visteon, Continental, Denso, Nippon Seiki, Marelli Holdings, and Yazaki, among others.
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