DELRAY BEACH, Fla., Oct. 17, 2024 /PRNewswire/ -- The Future digital cockpit market is projected to reach 67 million units by 2030 from 45 million units in 2024, at a CAGR of 7.0%., according to a new report by MarketsandMarkets. The digital cockpit has rapidly gained popularity among consumers owing to the increasing demand for personalization, multi-display solutions, enhanced safety and convenience, and the integration of AI in cockpit features. OEMs continuously work towards enhancing personalization using AI, which adds an enhanced and immersive driving experience for the driver. In AI-based personalization, the vehicle learns the driver's preferences and changes the information displayed accordingly. Mercedes-Benz MBUX infotainment uses AI and enhances cockpit personalization. Intelligent voice control, ADAS Systems, and multi-display solutions are adding personalization enhancement.
There is a noticeable trend towards multi-display solutions, enabling seamless infotainment, navigation, and vehicle diagnostics integration. Integrating touch, voice, and gesture controls enables intuitive user interactions.
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Future of Digital Cockpit Market Scope:
Report Coverage | Details |
Market Revenue in 2024 | 45 million units |
Estimated Value by 2030 | 67 million units |
Growth Rate | Poised to grow at a CAGR of 7.0% |
Market Size Available for | 2020-2030 |
Forecast Period | 2024-2030 |
Forecast Units | Volume (Million Units) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Display solution, display size and propulsion |
Geographies Covered | North America, Europe and Asia-Pacific |
Report Highlights | Updated financial information / product portfolio of players |
Mid/High-End Cockpit is anticipated to witness growth by 2030.
The entry-level cockpit is defined as a cockpit with only a digital infotainment display; on the other hand, a mid/high-end cockpit features two or more 2 screens (infotainment, cluster, co-passenger, rear entertainment, HUD, and others). Multi-display systems will integrate digital displays, Bluetooth, IoT, and voice and gesture controls with smartphones. This blend of network technologies and processing power will enhance seamless infotainment through visual imagery. Globally, the current penetration of mid-end cockpits is ~58%, and that of high-end cockpits is ~16% in 2023 and is expected to grow at a promising growth rate till 2030. Models with mid-end cockpits include the VW Tiguan, Peugeot 2008, Mercedes GLC class, Ford Explorer, Toyota Camry, Honda Accord, and others that feature digital infotainment and cluster display. The high-end cockpit models include the Cadillac Escalade, Mercedes Benz- EQS SUV & EQE, BMW 1 series, BMW iX, and BMW 7 series, which feature integrated display solutions.
Asia Pacific is expected to be the largest market during the forecast period.
Asia-Pacific regions hold the major share of the digital cockpit market. China leads the market with ~ a 44% share in the global digital cockpit market. The penetration of the digital cockpit in China was ~68% in 2023 and is expected to reach 93% by 2030, owing to the growing demand for enhanced user experience, ADAS integration, and AI personalization features. In China, models launched with discrete cluster + center console display are ZEEKR 009, new NIO ES6, GAC Hyper GT, Denza N7, Geely Galaxy L6 and ZEEKR 007. Models with the multi-screen display are the Rising F7, 2024 New Voyah Dreamer, Haval Fierce Dragon MAX and Kia EV5 and integrated display are Jiyue 01 and Geely Galaxy E8. The penetration of digital cockpits in APAC (excluding China) is ~35% and is expected to reach ~73% by 2030, owing to the increasing sales of EVs, demand for enhanced safety while driving, and multi-display solutions.
Key Market Players Future of Digital Cockpit Industry:
Prominent players in the Future of Digital Cockpit Market include as General Motors (USA), Stellantis N. V. (Netherlands), Honda Motors (Japan), Volkswagen (Germany), Ford (USA), Xpeng (China), Zeekr (China), Rivian (US), Tata Motors (India)
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Future of Digital Cockpit Market Size - Key Benefits of Buying the Report:
- The report will help market leaders and new entrants with information on the closest approximations of the digital cockpit market and its subsegments.
- It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
- The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
This report provides insights on:
- Analysis of propulsion (ICE & EV)
- Analysis of display solution (<10", 10-15", 15")
- Analysis by region/country (China, APAC (excl. China), Europe, NA)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the digital cockpit market
- Market Development: Comprehensive information about lucrative markets - the report analyses the digital cockpit market across varied regions
- Market Diversification: Exhaustive information about the diversification of technology, untapped features, recent developments, and investments in the digital cockpit market
- Competitive Assessment: The report assesses the market shares, growth strategies, and service offerings of leading players. It also helps stakeholders understand the pulse of the digital cockpit market and provides information on key market drivers, challenges, and opportunities.
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