pune, India -- (SBWIRE) -- 02/04/2019 -- This market research report on automotive cockpit electronics market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by product (audio & infotainment (audio-only, display audio, embedded infotainment - navigation), center information display, HUD (C-HUD and W-HUD), instrument cluster (analog, hybrid, and digital), and telematics (embedded solutions and hybrid telematics)), by vehicle type (economy cars, luxury cars, and mid-priced cars), and geography (APAC, Europe, Latin America, MEA, and North America).

The increasing demand for more centralized control and growing need for seamless exchange of data and information between various systems is augmenting the growth of the automotive cockpit electronics market. The integration of smartphones with automotive entertainment systems and growing demand for connected cars is boosting the popularity of automotive cockpit electronics in the global market.

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The major vendors in the global Automotive Cockpit Electronics market are:
- Continental AG
- Denso
- HARMAN International (Samsung)
- Visteon Corporation
- Bosch

Other prominent vendors include Aisin , Alps Electric, Aptiv (Delphi Automotive), Clarion, Desay, Flex, Ford, Garmin, Innolux, Kyocera, LG Electronics, Laird, Magneti Marelli, Mitsubishi Electric, Mobis, Nippon Seiki, Pana-Ficosa, Panasonic, Pioneer, Sharp, Tom Tom, Valeo, Yazaki Corporation.

The vendors are focusing on introducing advanced systems to meet the dynamic customer requirements. Factors such as rapid electrification of vehicles, stringent fuel emissions, adoption of advanced safety features in mid-segment vehicles, and increasing number of hybrid and electric vehicles will have a positive impact on the global market. The prevalent price wars and commoditization will intensify the level of competition in the market. The introduction of various innovative applications in the hybrid and electric vehicles segments such as advanced driver assistance systems (ADAS), infotainment systems, and telematics will create the lucrative opportunity for vendors in the market.

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The growing focus on innovations in the field of safety systems, infotainment, electrification of engine mechanism, and other automotive applications will help prominent players launch pioneering electronic systems in the automotive industry. The economic development of the APAP and the Latin American market will create new investment prospects for companies in the market. The automotive cockpit electronic market is anticipated to generate revenues of more than $53 billion by 2023 and is expected to grow at a CAGR of close to 9% during the forecast period.

The automotive cockpit electronics market by products is segmented into audio & infotainment (audio-only, display audio, embedded infotainment - navigation), center information display, HUD (C-HUD and W-HUD), instrument cluster (analog, hybrid, and digital), and telematics (embedded solutions and hybrid telematics). Audio & infotainment was the largest segment in the market occupying more than 50% of the total market share in 2017 and is expected to grow at a CAGR of over 5% during the forecast period. The growing need for advanced systems in automotive is fueling the traction of telematics and HUD in automotive cockpit electronics market. These two solutions are expected to be the fastest growing product segments in the global market during the forecast period.

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The automotive cockpit electronics market by geography is divided into APAC, Europe, Latin America, MEA, and North America. APAC dominated the market accounting for close to 34% of the total market share in 2017 and is projected to grow at a CAGR of over 8% during the forecast period. China is the largest contributor in the APAC market followed by Japan, South Korea, and India. The growing demand for advanced infotainment systems, electric vehicles, hybrid electric vehicles, and other luxury cars is propelling the growth of the automotive cockpit electronics market in the APAC region. The economic development, increase in per capita income, and increase in purchasing power will create lucrative business opportunities for leading players in the APAC market during the forecast period.

The key countries profiled in the report are:
- China
- Japan
- South Korea
- US
- Germany
- Brazil

Key market insights include:

1. The analysis of automotive cockpit electronics market provides market size and growth rate for the forecast period 2018-2023.

2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the automotive cockpit electronics market.

3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.

4. It offers a complete overview of market segments and the regional outlook of automotive cockpit electronics market.

5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

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