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Mark Peters : July 17th 2017 - 22:08 CET

Market report for automotive electronics


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Research and MarketsGlobal Automotive Cockpit Electronics Market Report 2017 : Research and Markets has a new market report uploaded for the automotive industry. The report unveils trends in the worldwide cockpit electronics market. The global cockpit electronics market for automotive is projected to grow at a CAGR of 8.60% from 2017 to 2022, to reach a market size of USD 51.54 Billion by 2022. The key drivers in the automotive electronics market are rising consumer demand for enhanced user experience and convenience features, growth in the connected vehicles, and integration of Apple iOS (Apple CarPlay) and Android-based smartphones (Android Auto) with vehicles. The in-depth market report can be downloaded at Research and Markets website.
Automotive electronics trends

Automotive electronics trends
Head-up displays are estimated to be the fastest growing product segment globally, in terms of shipment volume and value. The growth of this segment can be attributed to increasing demand for premium and luxury passenger cars as head-up displays are majorly featured in these vehicles.

In addition, increasing awareness about safety features among consumers is driving the head-up display market. The infotainment and GPS navigation segment is estimated to be the largest market, in terms of value.

The growth of this segment is due to the increasing adoption of integrated infotainment and GPS navigation systems by OEMs. Advanced cockpit electronics is estimated to be the largest as well as the fastest growing market.

Luxury passenger cars

Luxury passenger cars
Advanced cockpit electronics features such as windshield head-up display, high-end information display, and advanced telematics are estimated to grow at a higher CAGR as compared to the components in the basic cockpit electronics.

Luxury passenger cars are estimated to be the fastest growing segment of the automotive cockpit electronics market, by end market. Luxury passenger cars are feature rich in terms of electronic systems. Several OEMs are including high-end infotainment and windshield head-up display in their luxury passenger cars.




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