Published Date: 18-Aug-2021
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According to a new report Global Automotive Digital Cockpit Market, published by KBV research, The Global Automotive Digital Cockpit Market size is expected to reach $32.1 billion by 2027, rising at a market growth of 6.9% CAGR during the forecast period.
The OLED display segment is expected to witness a prominent growth rate during the forecast period. When compared to other display technologies, such as LCD in consumer models, the adoption rate is lesser. On the other hand, OLED automobile digital cockpit systems are expected to gain traction quicker than other display technologies over the upcoming years. Different new automobiles are now equipped with OLED display technology. LG OLED panels are to be installed in the E-class and S-class passenger cars of Mercedes.
The commercial vehicle segment would showcase a significant growth rate during the forecast period. The demand for automotive digital cockpit solutions would be fueled by the surge in the demand for commercial vehicles and the higher focus of automotive companies on integrating vehicle-to-vehicle communications in vehicles for fleet management, thereby accelerating the growth of the segment.
Europe procured a substantial revenue share of automotive digital cockpit market. The region is home to some of the world's most prestigious premium automobile manufacturers and automotive OEMs. OEMs such as Volkswagen, Daimler, BMW, Jaguar Land Rover, Honda, Nissan, and others have invested heavily in the region's automotive manufacturing industry. The majority of luxury automobile manufacturers in the region incorporate modern automotive display elements into their vehicles, which is expected to fuel market growth.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
By Vehicle Type
By Display Technology
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