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Global Automotive Cockpit Electronics Strategic Market Report 2022-2024 and 2030: How Developers of Connected Cars Are Responding to Evolving Customer Expectations

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DUBLIN, Feb. 26, 2024 /PRNewswire/ — The “Automotive Cockpit Electronics – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Automotive Cockpit Electronics Market to Reach $49.1 Billion by 2030

The global market for Automotive Cockpit Electronics estimated at US$29 Billion in the year 2022, is projected to reach a revised size of US$49.1 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030. Infotainment & Navigation, one of the segments analyzed in the report, is projected to record a 7.3% CAGR and reach US$17.8 Billion by the end of the analysis period. Growth in the Information Display segment is estimated at 6.8% CAGR for the next 8-year period.

The global economic update sheds light on the prevailing economic conditions worldwide, including the impact of the pandemic on various industries. Specifically, in the automotive sector, the report highlights the competitive scenario within the automotive cockpit electronics market. Vendors are intensifying their focus on product innovation to gain a competitive edge in this market segment.

Amidst this competitive landscape, market participants are driving innovations and advancements in automotive cockpit electronics. These innovations aim to enhance safety and driving experiences for consumers. The report also provides insights into the market share of key competitors in the automotive cockpit electronics market, along with an analysis of their competitive presence globally.

An introduction to automotive electronics sets the stage for understanding the significance of cockpit electronics in advancing the automotive space. With factors favoring the adoption of automotive cockpit electronics, the market is poised for significant growth despite the challenges posed by the COVID-19 pandemic.

The U.S. Market is Estimated at $8.4 Billion, While China is Forecast to Grow at 8.2% CAGR

Infotainment and navigation systems remain crucial contributors to the automotive cockpit electronics market. Regional analysis reveals that the Asia-Pacific region is experiencing rapid growth in this market segment, outpacing North America.

The Automotive Cockpit Electronics market in the U.S. is estimated at US$8.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$10.5 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 5.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.8 Billion by the year 2030.

MARKET TRENDS & DRIVERS

Encouraging Outlook for Automobile Production Despite Disruptions Bodes Well for the Automotive Cockpit Electronics MarketGlobal Light Vehicle Production (In Million Units) for Years 2019 through 2025Smart Cockpits Gain Momentum, Automotive SiP Modules Facilitate the TrendComputing Capability of the Smart Cockpit: An InsightVehicle Electronification Trends Aid Cockpit Electronics Market Sustain the MomentumEmphasis on Electric Vehicles to Fuel Robust DemandAutonomous Vehicles: Another Growth Vertical for Cockpit ElectronicsConnected Cars Solidify the Relevance of Integrated Cockpit ElectronicsHow Developers of Connected Cars Are Responding to Evolving Customer ExpectationsRising Interest in HUDs to Underpin Revenue GrowthAugmented Reality Enabled Futuristic HUDs Seek RoleIncreasing Demand for On-Board Infotainment & Navigation Systems Bodes WellEmergence of Automotive Digital Cockpit Set to Transform In-Vehicle ExperienceModern Infotainment Systems Enable Differentiated In-Vehicle ExperienceGrowing Reliability of In-Car Internet & Networking to Fuel Demand for Infotainment SystemsAdvanced On-Board Infotainment Systems Make Their Way Into the MarketEvolving Role of V2X to Further Enhance the Importance of Cockpit ElectronicsCockpit Electronics Becomes Relevant in Electronic Toll CollectionTelematics: Key Cockpit System in Modern Automotive VehiclesITS Spurs Demand for Embedded Telematics ECUSmartphones Incorporate Additional Convenience in Cockpit Electronic SystemsSmartphone Apps Improve Usability of Cockpit Systems5G Cellular Connectivity to Widen Addressable Market for Cockpit ElectronicsNew Generation Software Tools Widen Market ProspectsAdvancements in Semiconductor Technology Rev Up Market OpportunitiesEvolution in HMI Technology Instigates Amendments to Cockpit Electronics DesignHMI Advancements Driven by Customer ExpectationsAltia Offers New HMI Platform for Advanced Automotive Cockpit Display ApplicationsInstrument Panels and Control Panels Witness Design Enhancements

FOCUS ON SELECT PLAYERS (Total 71 Featured)

Denso CorporationDaimler AGContinental AGAlps Alpine Co., Ltd.Pioneer CorporationHARMAN International Industries, Inc.JVCKENWOOD CorporationGarmin Ltd.Clarion Co., Ltd.Innolux Optoelectronics Co., Ltd.AvanStrate Inc.Peratech Holdco Ltd.Huizhou Desay SV Automotive Co., Ltd.Nippon Seiki Co LtdEnvisics

For more information about this report visit https://www.researchandmarkets.com/r/tlxdi9

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ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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KM Malta Airlines, the Maltese Islands’ New National Carrier, Implements CellPoint Digital’s Payment Orchestration Solution

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The partnership will enable KM Malta Airlines to provide passengers with a seamless payment experience and access to their preferred payment methods.

LONDON, Sept. 23, 2024 /CNW/ — CellPoint Digital, a global pioneer in Payment Orchestration, is proud to announce it has partnered with KM Malta Airlines to support the airline’s payment processes across multiple sales channels, including on its website and App, allowing passengers in future to pay with key alternative payment methods (APMs) like Apple Pay.

From the start of operations on March 31, 2024, CellPoint Digital was entrusted to support KM Malta Airlines’ payment processes across. Using CellPoint Digital’s Payment Orchestration platform, KM Malta Airlines launched the service with optimised payment processes, a cost-effective payment strategy, and a customer-centric payment model. This partnership reflects the airline’s commitment to providing its passengers with a seamless, convenient payment experience and the airline’s recognition of CellPoint Digital as a valued payment solution provider.

Through its partnership with CellPoint Digital, KM Malta Airlines gains access to a network of acquirer connections, including its newly introduced partner, Shift4 (formerly Finaro), to support its growth strategy. This allows the airline to optimise transaction routing, reduce payment costs, and settle in its preferred currency.

“It’s not often that we get to be present at the inception of one of Europe’s next great airlines, but that’s the opportunity we have with this partnership,” said Kristian Gjerding, CEO of CellPoint Digital. “By prioritising its payment strategy as a cornerstone of its launch strategy, KM Malta Airlines demonstrates that it cares about providing passengers with the best possible booking experience and setting itself up for future success.”

Roy Kinnear, CCO of KM Malta Airlines, stated, “A highly optimised, cost-efficient payment strategy is important to the success of our airline. That’s why we partnered with experts in aviation payments to deliver a comprehensive platform tailored to our passengers’ needs and allowing us to expand our offering of customer choice payment mechanisms.”

The Advantage of Day-One Payment Orchestration

Payment Orchestration is a concept that describes the end-to-end management of all components of a payment, from authorisation to routing to settlement to reporting, allowing airlines to boost conversions in direct and indirect sales channels at lower transaction costs. CellPoint Digital’s Payment Orchestration Platform, which KM Malta Airlines will implement, routes transactions intelligently to increase acceptance, simplifies and centralises back-end reconciliation, integrates various payment methods like Apple Pay, and easily accommodates multiple PSPs and acquirers, including KM Malta Airline’s preferred acquiring partner, Shift4.

For more information about the CellPoint Digital partnership with KM Malta Airlines or to speak with company executives, please get in touch with Steven Osei at steven.osei@cellpointdigital.com

About CellPoint Digital
CellPoint Digital is a fintech leader in payment orchestration and optimisation. CellPoint Digital’s main solution is a powerful Payment Orchestration Platform that optimises digital payment transactions from cards or alternative payment methods and accelerates the deployment of new payment options. Merchants can easily scale their own payment ecosystem across the world, unify the customer payment experience across their website, mobile apps and other channels, optimise the routing of each transaction, increase conversion rates and minimise payment costs. CellPoint Digital has offices in Copenhagen, Dallas, Dubai, London, Miami, Pune and Singapore. Visit www.cellpointdigital.com to learn more. 

About KM Malta Airlines

The KM Malta Airlines schedule serves 17 airports across 15 key European cities, namely, Amsterdam, Berlin, Brussels, Catania, Dusseldorf, London Gatwick, London Heathrow, Lyon, Madrid, Milan, Munich, Paris Charles de Gaulle, Paris Orly, Prague, Rome, Vienna and Zurich.

Bookings can be made on kmmaltairlines.com

Contact: media@kmmaltairlines.com

 

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SOURCE CellPoint Digital

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Advantech Unveils Expanded Singapore Office to Boost ASEAN Presence and Support AIoT Innovations with Strategic Partnerships

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SINGAPORE, Sept. 23, 2024 /PRNewswire/ — Advantech (TWSE: 2395), a global leader in industrial IoT and embedded computing solutions, has officially inaugurated its expanded regional office in Singapore. This strategic investment is set to enhance Advantech’s core competencies within the ASEAN region. Located at 7002 Ang Mo Kio Avenue 5, the new office will double the company’s current facility space, enhancing its infrastructure to meet the rising demand for high-technology solutions, particularly in the semiconductor sector. The expansion underscores Advantech’s commitment to collaborating with silicon and ecosystem partners and investing in local talent development through industry-academia partnerships. The new office will also support Advantech’s Configure-To-Order Service (CTOS), reinforcing its strategic goal of deepening and localising industry presence while advancing a comprehensive AIoT industry development strategy.

Vincent Chang, Managing Director of Asia and Intercontinental Region at Advantech, stated, “The relocation to our new premises marks a significant milestone in Advantech’s nearly 30 years of growth in Singapore. Established in 1995, Advantech Singapore has grown to become a pivotal hub in the ASEAN region, leading to the creation of Advantech Malaysia, Thailand, Indonesia, and Vietnam as key regional business units. Advantech envisions Singapore evolving into a Corporate Development Core Competency hub, focusing on business intelligence, strategic planning, and advancing branding, public relations, and ESG programmes across the ASEAN region.”

Advantech is also excited to launch the second year of its AIoT Innowork programme with Singapore Polytechnic (SP). This year’s projects will focus on sustainable development, net-zero emissions, and generative AI. Students will use Advantech’s WISE-PaaS, a cloud-based platform, to develop AIoT solutions, including a smart outdoor agriculture proof-of-concept within SP’s campus. Additionally, the programme will advance intelligent EV charging and parking space monitoring with Advantech’s LoRaWAN gateway and generative AI, featuring a dashboard for carpark occupancy and an assistive chatbot for availability queries.

In response to the government’s focus on future workforce development, a student team from SP is set to create a proof of concept for a “Generative AI-powered Virtual Sales Agent.” This innovative project aims to transform customer interactions by enhancing sales and engagement through cutting-edge AI technology. SP envisions this technology revolutionising customer engagement, enhancing service support, and improving operational efficiency.

Advantech Singapore is dedicated to advancing the “MySkillsFuture” programme, a key initiative by the Singapore government to support lifelong learning. Advantech aims to build a collaborative value chain that fosters a sustainable and thriving IoT ecosystem by partnering with ecosystem players, academic institutions, and industry leaders. Additionally, through academic collaboration, Advantech seeks to cultivate industry growth and align with its social responsibility objectives by producing and distributing urban farming products to underserved communities. These strategic partnerships are poised to drive long-term industry success and reinforce Advantech’s commitment to its ESG goals.

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SOURCE Advantech Co. Singapore Pte Ltd

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Estonia Strengthens Smart Mobility Networking and Strategic Partnerships in the Gulf

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DUBAI, UAE, Sept. 23, 2024 /PRNewswire/ — Trade Estonia, part of Enterprise Estonia, is concluding its participation at the ITS World Congress 2024 in Dubai, further asserting its leadership in intelligent transport systems (ITS) and smart mobility. Estonia, known for being the first country to allow testing autonomous vehicles on public roads since 2017, showcased its innovative technologies that are setting new benchmarks in smart mobility and ITS.

At the exhibition, Trade Estonia displayed pioneering solutions, including Bamboo Apps’ cutting-edge dispatch system for autonomous shuttles, enabling remote monitoring of unmanned vehicles to enhance safety and efficiency. e-Pavement integrates sensors within road surfaces to improve safety and traffic management, while Auve Tech’s autonomous shuttles seamlessly integrate with public transport, offering efficient and eco-friendly urban mobility solutions. Metrosert is enhancing the precision of smart infrastructure, and Digilogistika Keskus is optimising logistics through advanced digital platforms, boosting supply chain efficiency in smart cities.

H.E. The Ambassador of Estonia to the UAE Maria Belovas stated, “Estonia’s footprint in integrating cutting-edge technology is pivotal in enhancing transportation safety, efficiency, and mobility. Our innovations are designed to meet the evolving needs of global smart cities and ensure a sustainable future for transportation.”

These advancements exemplify Estonia’s commitment to developing intelligent, sustainable, and efficient transport solutions that address both urban and rural mobility needs, and solidifying its global network.

In addition to presenting its technological progress at the ITS World Congress, Estonia focused on building meaningful connections and exploring new avenues for collaboration.

Forging Strategic Global Partnerships

Estonia is dedicated to expanding its international impact by building strategic partnerships, particularly in the Gulf region.

A recent networking event, hosted by H.E. The Ambassador of Finland, Ms. Tuula Yrjölä, and H.E. The Ambassador of Estonia, Ms. Maria Belovas, brought together Finnish and Estonian business delegations to cultivate global connections in smart mobility. The event also facilitated valuable discussions on future collaborations, reflecting Trade Estonia’s ongoing mission to support global innovation and sustainability in transport.

Ms. Maria Belovas highlighted the importance of these international connections in advancing the organisation’s strategic goals and enriching global collaborative efforts.

Building on this momentum, Trade Estonia is gearing up for its next significant engagement at GITEX Global 2024. This upcoming event will serve as a new stage for Estonia to underline their technological advancements and explore new avenues for collaboration with global technology leaders.

About Trade Estonia

Trade Estonia is part of Enterprise Estonia. As a state organisation, Trade Estonia helps Estonian companies to establish themselves in international markets. With a focus on future technologies and pioneering projects, Trade Estonia provides Estonian companies with access to market analysis and marketing strategies and creates the conditions for them to operate successfully on a global scale. Trade Estonia not only promotes the development of new business areas and the establishment of strategic partnerships, but also facilitates access to international networks, thus contributing to the global competitiveness of Estonian companies.

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