Increasing Electronic Function to Raise Cockpit Module Market
The increasing use of cockpit modules as a standard vehicle feature by most original equipment manufacturers in the automotive industry is anticipated to act as one of the primary factors behind the growth of the cockpit module market through the forecast period. This arises from the increasing preference for better user experience, comfort, and interconnection of smart devices with vehicles.
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To meet the growing demand an increasing number of original equipment manufacturers are joining hands with suppliers to gain increased access to complete cockpit parts rather than just individual components, thereby reducing costs in time, money and product quality.
The increased trend of modularization has led to sharing of important technologies between suppliers and manufacturers, and provides opportunities for exclusive business relationships, the growth of module specific suppliers, systems involving optimized delegation of roles with regards to production and assembly of cockpit modules in the near future.
On the other hand, the nature of modules which are adjacent, while working entire systems is highly complex and is anticipated to act through the next few years as a significant constraining factor for the cockpit module market.
Technology Improvements to Stay Key Focus for Cockpit Module Market Players
Top cockpit module market players including Calsonic Kansei, Toyoda Gosei, Johnson Control, and ZF Friedrichshafen AG are emphasizing on technological improvements, for increased functionality to meet the requirements of the modern automobile.
- Calsonic Kansei Corporations’s cockpit modules integrate various essential automobile parts including the instrument panel, air-conditioning unit, airbags, instrument cluster, audio system and more, which enable data communication, safety display, demisting systems for windows, functionality, along with reduction in weight through the usage of eco-friendly resin that provides scope for better recyclability.
- Johnson Control introduced its range of electronic reconfigurable cockpit module design which includes a heads-up display with a digital light processing picture generation unit that enhances readability, through optimized contrast, brightness, and resolution. The module also includes specialized infrared technology to enable 2D tough and gesture control, for the central information display.
- Delphi Automotive Systems Corp. has joined hands with Mercedes to manufacture its unique cockpit modules for the M-Class line which includes components developed with premium materials such as digital color variations for instrument panels, wood panel options, and passenger airbag seams that are integrated and sewn to the console.
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High Presence of Market Players to Boost Cockpit Module Market in Europe
The high demand for cars worldwide is the primary driving factor for the growth of regional cockpit module markets. Europe, followed by North America, and Asia Pacific are anticipated to continue as the leading cockpit module market share holders, owing to the relatively higher presence of globally leading automobile original equipment manufacturers in these regions.
The Asia Pacific cockpit module market is also seeing increased growth owing to the geographical expansion of automobile original equipment manufacturers in major economies including China, Japan, and India, through the introduction of new production facilities in these regions. While the cockpit module market in the Middle East and Africa are expected to witness relatively slow growth owing to lack of original equipment manufacturers in the region.
Segmentation of the Global Cockpit Module Market
Cockpit modules can be segregated on the basis of product type, fuel type, driving level, and vehicle type. On the basis of product type, cockpit modules can be divided into advanced and basic cockpit. On the basis of fuel type, cockpit modules can be divided into electric, hybrid, or internal combustion. On the terms of driving level cockpit modules can be segregated into conventional or semi-autonomous. With regards to vehicle type, cockpit modules can be divided into applications for luxury, premium, medium, and compact passenger vehicles, light and medium commercial vehicles or heavy commercial vehicles.
The research here on the cockpit module market gives an unbiased regional and global level analysis to find and use essential information which has been validated on a variety of business aspects such as competitor scenarios and market opportunities.
The report is a compilation of:
- Trends and Challenges: Popular trends in the market and common obstacles
- Market Segmentation: Key divisions in the market
- Market Drivers: Business factors that significantly impact the market
- Competitive Analysis: Strategy used by key players
- Technology: Market changes from tech innovations
- Demand and Supply
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Regional markets analyzed in the report:
- North America cockpit module market (Canada, U.S.)
- South America cockpit module market (Brazil, Mexico, Rest of Latin America)
- Middle East and Africa cockpit module market (S. Africa, N. Africa, GCC Countries, Rest of MEA)
- Asia Pacific excluding Japan cockpit module market (ASEAN, China, India, Australia, New Zealand)
- Japan cockpit module market
- Western Europe cockpit module market (Spain, Italy, Germany, U.K., France)
- Eastern Europe cockpit module market (Russia, Poland)
The compilation of the report through first-hand research on the cockpit module market has resulted in the development of datasets including market trends, economy, and market attractiveness, through elaborate interactions with prominent industry experts.
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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