DUBLIN--(BUSINESS WIRE)--The "Automotive Cockpit Electronics Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The automotive cockpit electronics market is anticipated to register a CAGR of over 9% during the forecast period (2020-2025).
- Visteon Corporation
- Panasonic Corporation
- Harman International Industries Inc.
- Clarion Co. Ltd
- Alpine Electronics Inc.
- Continental AG
- Magneti Marelli SPA
- Yazaki Corporation
- Denso Corporation
- Garmin Ltd
- Nippon-Seiki Co. Ltd
- Tomtom International BV
Key Market Trends
Increasing Customer Preference for In-Dash Navigation System
In-dash navigation receivers are highly suitable for travelers, as they are very versatile and can put one in command of a variety of information, entertainment, and communication sources, through a single device.
Apart from accessing music through discs, files, or the radio, passengers have been able to access the music and road-ready apps on their smartphones in many cases.
Moreover, the receiver's built-in GPS guidance is often much more reliable than smartphone mapping apps, especially if passengers have been traveling through areas with spotty cell coverage.
North America Holds a Significant Share in the Cockpit Electronics Market
Increasing HNWIs (high-net-worth individuals) in the country has added up to the need for high-end features, such as the touchscreen-based navigation system and multimedia entertainment in the vehicles.
Additionally, change in consumer preferences and the rising demand from the LCV segment have been driving the deployment rate of automotive navigation systems.
The country had witnessed a continuous decline in passenger car sales from 2015-2018. However, owing to the rising demand for light commercial vehicles, the total vehicle sales have been witnessing a positive growth.
Furthermore, the increasing focus of the automotive companies to add vehicle-to-vehicle communications in all the new cars in the country is expected to boost the demand for cock electronic systems, which, in turn, is likely to propel the growth of the market studied.
The connected car and vehicle infotainment system features have been at the forefront, thereby, enhancing the need for increasingly complex software-driven functionality.
However, even though all these features look attractive, automotive manufacturers have been faced with the challenge of providing security for these features, owing to the increasing rate of cyberattacks, which may slightly hinder the growth of the market studied.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1.1 Head-up Display
5.1.2 Information Display
5.1.3 Instrument Cluster
5.1.4 Infotainment and Navigation
5.1.6 Other Products
5.2 Vehicle Type
5.2.1 Passenger Cars
5.2.2 Commercial Vehicles
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 South America
184.108.40.206 Rest of South America
5.3.5 Middle East & Africa
220.127.116.11 United Arab Emirates
18.104.22.168 Saudi Arabia
22.214.171.124 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/2bihqr
Laura Wood, Senior Press Manager
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