Europe Automotive Digital Cockpit Market By Vehicle Type (Passenger Cars and Commercial Vehicles), By Equipment (Digital Instrument Cluster, Infotainment Systems and Head-up Display (HUD)), By Display Technology (TFT-LCD, LCD and OLED), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Europe Automotive Digital Cockpit Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
The automotive market is experiencing a rise in demand for connected infotainment solutions and digital cockpits. Advancements in technologies are expected to grow due to the increasing usage and acceptance of Google’s Android auto standards and Apple’s Car Play; it’s a trend that is expected to continue as technology advances. Additionally, there have been favorable opportunities for market growth as digital cockpits are gaining popularity. Digital cockpits solutions are introduced by the key manufacturers of the car. Companies such as Audi, Volkswagen Group provide their customer with virtual cockpits in their models like RS 6 Avant, Audi A6, RS Q8, Lamborghini Huracan, and Audi TT. Mercedes provides MBUX to its customers while BMW provides a Digital Live system.
The presence of key market players in this region like Volkswagen is one of the major factors fueling the growth of the regional market. In addition, the growing number of automotive vehicles is contributing to the surging demand for the automotive digital cockpit market. High adoption of the digital cockpit by big automotive giants to improve the user experience would augment the overall regional growth.
With the growing advancement in technology and the introduction of various improved systems in the automotive sector, the manufacturers are increasingly investing in these systems for providing better services. It would further accelerate the growth of the automotive digital cockpit market in the forecast period.
The Germany market dominated the Europe Automotive Digital Cockpit Infotainment Systems Market by Country 2020, and would continue to be a dominant market till 2027. The UK market is exhibiting a CAGR of 6.3% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 7.8% during (2021 - 2027).
Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Equipment, the market is segmented into Digital Instrument Cluster, Infotainment Systems and Head-up Display (HUD). Based on Display Technology, the market is segmented into TFT-LCD, LCD and OLED. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automotive Digital Cockpit Market Size will Hit $32.1 Billion by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Denso Corporation, Valeo SA, Aptiv PLC, Panasonic Corporation, Continental AG, Samsung Electronics Co., Ltd. (Samsung Group) (Harman), Robert Bosch GmbH, Visteon Corporation, Garmin Ltd., and Toshiba Corporation
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Digital Instrument Cluster
- Infotainment Systems
- Head-up Display (HUD)
By Display Technology
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Denso Corporation
- Valeo SA
- Aptiv PLC
- Panasonic Corporation
- Continental AG
- Samsung Electronics Co., Ltd. (Samsung Group) (Harman)
- Robert Bosch GmbH
- Visteon Corporation
- Garmin Ltd.
- Toshiba Corporation
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