The demand for automotive control functions that are accessible directly by the driver is increasing in automobiles, owing to extensive use of sensors and modern automotive control amenities in passenger cars. The major objective of automotive cockpit electronics is to enhance the driving experience, provide convenience, safety and improved controls. Automotive cockpit is used for the human-machine interference (HMI). The controls that are accessible directly from the automotive cockpit includes global positioning system (GPS), transmission, in-car telephone, rear display, CD players, wireless interference, advanced parking support systems, in-car lighting, climate control, Wi-Fi and others.
Based on product type, the global automotive cockpit electronics market can be segmented as driving control system, infotainment, driving assistance system, and comfort system. Based on the type of automobile, the global automotive cockpit electronics market can be broadly classified as sedan cars, hatchback cars, sport utility vehicles (SUV), and others.
The automobile manufacturers are facing crucial issues regarding safety requirements, since a long time. As a result, the government regulation towards the passenger safety and environment has become more stringent in the recent years. Many latest advanced features, such as electronic stability control (ESC), advanced driver assistance systems (ADAS), tire pressure monitoring systems (TPMS), and Anti-lock braking system (ABS), have boosted the automotive cockpit electronics market in the recent years.
North America accounted for the largest market of automotive cockpit electronics in 2014. The automotive industry in North America continues to be one of the largest industries. In 2014, the automotive sector in the U.S. reached $500 billion in terms of revenue. The Automotive Industry of North America received nearly $74 billion FDI in 2014 (about 3 percent of total FDI in the U.S.). The automotive industry manufacturers in the U.S. have collectively invested about $46 billion for the expansion and technological development, since 2010. Most of the automotive manufacturers in the U.S. run fully integrated operations within the country including research, and development (R&D). The automotive R&D, along with the technical up gradation is expanding in the U.S. for meeting the stringent safety regulations.
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Some of the competitors in the automotive cockpit electronics market are Continental AG, Visteon Corporation, Alpine Electronics Inc., Panasonic Corporation, Robert Bosch GmbH, DENSO CORPORATION, Harman International Industries Inc., Clarion Company Ltd., Delphi Automotive PLC, and Garmin Ltd.
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