Global Automotive Cockpit Electronics Market

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    30-Dec-2015
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Automotive cockpit electronics are used to enhance driving conditions and to create a comfortable atmosphere inside the vehicle. Their sales are made through Original Equipment Manufacturing (OEM) contracts and the aftermarket. Increasing per capita income and industrial development are key drivers for the automotive and cockpit electronics industry globally. The per capita car ownership has been continuously rising due to a worldwide increase in the middle-class population. Growing concerns of the consumers regarding a safety has increased the demand for automated passenger cars that gives the drivers higher control over their vehicles. Infotainment has seen a significant rise in the recent years since the consumers are seen to be inclined towards a more informed driving experience. - PowerPoint PPT Presentation

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FrozenFoodMarket:GlobalStudyonFrozenFood:FrozenReadyMealsto betheLargestSegmentby2020 GlobalFrozenFoodMarketWillReach31.3BillionKgbyvolumeand$156.4 Billionbyvaluein2020 PersistenceMarketResearchReleasedNewMarketReportGlobalMarketStudyonAutomotive CockpitElectronics:InfotainmentandNavigationSegmenttoWitnessHighestGrowthby 2020,theglobalautomotivecockpitelectronicsmarketwasworthUSD31.1billionin 2013andisexpectedtogrowataCAGRof12.0%during2014to2020,toreachanestimated valueofUSD61.5billionin2020. Growingpercapitaincomeandaneconomicallyactiveglobalpopulationhaveledtothe increaseindemandforpersonalconveyance.Theglobalcockpitelectronicsmarketisgrowing mainlyduetothespurtinnewcarsalesandtheincreasingaffordabilityofconsumerstoinstall advancedtechnologiesintheirvehicles.Technologicaladvancementshavebeengivingriseto competitioninthemarketduetowhichmostleadingcompaniesareinvestingheavilyin researchanddevelopmentactivities.Thechangingdemandforvehicleelectronicsfromanalog todigitalhasboostedtheautomotiveinfotainmentmarketsignificantly. BrowsethefullGlobalMarketStudyonAutomotiveCockpitElectronics:Infotainmentand Navigation Segment to Witness Highest Growth by 2020 reportat http://www.persistencemarketresearch.com/market-research/automotive-cockpit- electronics-market.asp Thepercapitacarownershiphasbeencontinuouslyrisingduetotheworldwideincreaseinthe middle-classpopulation.AccordingtotheInternationalTransportForumofOrganizationfor EconomicCooperationandDevelopment(OECD),thenumberofcarsplyingworldwidewould reach2.5billionby2050.Therehasbeenasignificantriseinpassengercarownershipinthe ArabcountriesandEasternEurope.GermanyisthelogisticshubofEuropeandoneofthe countrieswiththelargestnumberofcommercialvehicles.AccordingtoaU.S.-basedadvisory firm,theglobalpassengercarsalesareexpectedtorisefrom81millionin2012to116million by2020.Brazil,Russia,India,andChina(BRICcountries)areexpectedtobethemajorgrowth driversoftheautomotiveindustry.Improvingeconomy,advancementsinroadinfrastructure, andtherisinginclinationofindividualstowardspersonalconveyancearethekeyfactors augmentingthegrowthofanautomotiveindustry.Growingconcernsoftheconsumers regardingthesafetyhasincreasedthedemandforautomatedpassengercarsthatgivesthe drivershighercontrolovertheirvehicles.Infotainmenthasseenasignificantriseintherecent yearssincetheconsumersareseentobeinclinedtowardsamoreinformeddriving experience. 1 PersistenceMarketResearch