The global automotive cockpit module market is anticipated to grow at a CAGR of 5.0% during the forecast period (2022-2028). An automotive cockpit module usually integrates the instrument panel, center console and several control functions as well as wiring harness, instrument cluster, steering wheel. This system of components works together aimed to control and monitor the key functions of a car. Automobile cockpit typically consists of hardware, software, and mechanically operated systems which includes air-conditioning unit, radio, infotainment display, and others, all working together. The market growth is majorly attributable to the growing need for monitoring vehicle speed, engine speed, engine temperature and other major parameters of the vehicle. Further, the growing electrification of vehicles of both passenger and commercial vehicles also spurs the demand for automotive cockpit module.
This is further coupled with the growing technological advancements in the in-vehicle system that aims at improving the instrument panel, center console and several control functions of the vehicle is accelerating the growth of the global automotive cockpit module market. Another key trend driving the market growth includes the rising adoption of advanced driver assistance system (ADAS) which has transformed the way the real time information displays of various vehicles. Apart from this factor, the demand for passenger cars and light commercial vehicles is quite high, as a result of the increasing per capita income. For instance, as per the International Organization of Motor Vehicle Manufacturers (OICA), total vehicle sales including the passenger cars and light commercial vehicles had increased to 92,654,055 units in 2018 from 91,458,490 units in 2016. Such vehicle sales driving the custom demand for automotive cockpit module, thereby contributing to the growth of the market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Continental AG, Faurecia, and Aptiv plc, among others.
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Global Automotive Cockpit Module Market Report by Segment
By Product Type
- Head-Up Display
- Information Display
- Infotainment and Navigation
- Instrument Cluster
- Telematics
- Others
By Application
- Passenger Cars
- Commercial Vehicles
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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