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Automotive Cockpit Module Market size is set to grow by USD 25.6 billion from 2024-2028, Adoption of advanced HMI in mass-segment vehicles boost the market, Technavio

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NEW YORK, Aug. 14, 2024 /PRNewswire/ — The global automotive cockpit module market size is estimated to grow by USD 25.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.22%  during the forecast period. Adoption of advanced hmi in mass-segment vehicles is driving market growth, with a trend towards maturing autonomous vehicles concept. However, design complexities in digital cockpits  poses a challenge. Key market players include Alps Alpine Co. Ltd., DENSO Corp., Garmin Ltd., Grupo Antolin Irausa SA, Hyundai Motor Co., Inteva Products LLC, Lear Corp., LG Electronics Inc., Magna International Inc., Marelli Holdings Co. Ltd., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Samvardhana Motherson International Ltd., Schaeffler AG, Stellantis NV, TomTom NV, Toyoda Gosei Co. Ltd., Visteon Corp., Yanfeng Automotive Interior Systems Co. Ltd., and Yazaki Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Automotive Cockpit Module Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.22%

Market growth 2024-2028

USD 25.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.78

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

Europe at 29%

Key countries

US, China, Germany, Japan, and India

Key companies profiled

Alps Alpine Co. Ltd., DENSO Corp., Garmin Ltd., Grupo Antolin Irausa SA, Hyundai Motor Co., Inteva Products LLC, Lear Corp., LG Electronics Inc., Magna International Inc., Marelli Holdings Co. Ltd., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Samvardhana Motherson International Ltd., Schaeffler AG, Stellantis NV, TomTom NV, Toyoda Gosei Co. Ltd., Visteon Corp., Yanfeng Automotive Interior Systems Co. Ltd., and Yazaki Corp.

Market Driver

The automotive industry is witnessing significant advancements with the increasing focus on autonomous driving. Semi-autonomous features have gained acceptance in both passenger and commercial vehicles due to marketing campaigns and promotions. Self-driving cars may become a reality by the end of the forecast period, and the number of self-driving vehicles could increase substantially in a decade. Automotive majors are making strides in achieving this reality. The development and testing of advanced driver-assistance systems (ADAS) and telematics/connected vehicle applications and services are on the rise, which is beneficial for automotive cockpit modules. Consumer needs and OEM offerings have expanded to include safety, performance, stability, and comfort. Conventional mechanical components are no longer sufficient to address emerging industry challenges. Special features differentiate automobiles, and electronic content plays a crucial role in enabling these enhancements. The rise in electronic content per vehicle and the electrification of automobiles are inevitable, leading to increased software implementation in vehicular systems. These developments will fuel the growth of the global cockpit module market during the forecast period. 

The Automotive Cockpit Module market is witnessing significant growth due to the increasing demand for advanced infotainment solutions in vehicles. Connected car services, such as Android Auto and Apple CarPlay, are becoming popular among consumers. Electrification systems are also driving market growth as automakers integrate more technology into vehicle interiors. Automotive cockpits are no longer just about dashboard and instrument panels. They now include centre consoles, door panels, acoustic modules, and even seats. Pollution control technology and exhaust systems are also being integrated into cockpit modules. Vehicle aesthetics are a key consideration, with cockpit modules made from materials like aluminum and wood enhancing the driving experience. OEMs are investing in cockpit modules to offer more features and improve the overall vehicle aesthetic. Autonomous driving is also driving demand for advanced cockpit modules, with wiring harnesses and instrument clusters becoming increasingly complex. Air conditioning units and air bag modules are also essential components of cockpit modules. The market for automotive cockpit modules is expected to continue growing as technology advances and consumer expectations evolve. 

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Market Challenges

The automotive cockpit market is witnessing an increase in complexity due to the growing number of applications for automotive Human-Machine Interface (HMI) solutions. From simple radio or audio applications, HMI solutions have evolved to include driver-assistance technologies. This evolution has led to more intricate designs for automotive display systems, such as digital cockpits. Designing these systems requires adherence to thermal and shape layouts, as well as compliance with various industry standards. One such standard is ISO 26262, which ensures functional safety for automotive equipment. OEMs also use different data communication standards, adding to the development challenges. While these standards enhance safety, maintaining system reliability is a significant challenge for market players. The need for standardization in automotive display systems adds to their overall design complexity, negatively impacting market players and the global automotive cockpit module market during the forecast period.The Automotive Cockpit Market is experiencing significant growth due to the increasing demand for feature-rich cabins in passenger cars. Digital modules, vehicle displays, and infotainment systems are at the heart of this trend. Passengers expect a comfortable and personalized experience, leading automotive OEMs to integrate phone connectivity, remote monitoring, and SIM cards. Comfort level and user experiences are key buyer demands, driving the development of advanced head units and infotainment systems offering entertainment, navigation, cabin climate controls, and propulsion information. Technological advances in digitalization and compatible components are fueling the surge in vehicle sales, from passenger cars to commercial vehicles, including light and heavy commercial vehicles. Connected car technologies and self-driving cars are further pushing the market forward. The interface between passengers, devices, and the vehicle is becoming increasingly important, with self-driving cars offering new opportunities for customization and controls, even through steering wheels. Mobile operators and consumers are shaping the market with their preferences, making the Automotive Digital Cockpit a crucial element in automotive sales.

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Segment Overview 

This automotive cockpit module market report extensively covers market segmentation by  

Application 1.1 Passenger cars1.2 Commercial vehiclesType 2.1 ICE2.2 Electric2.3 HybridGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Passenger cars-  The Automotive Cockpit Module market is experiencing significant growth due to the increasing demand for advanced in-vehicle technologies. These modules integrate various functions such as infotainment, navigation, climate control, and driver assistance systems. Automakers are investing heavily in this technology to enhance the driving experience and improve vehicle safety. The market is expected to continue expanding as consumers seek more convenience and connectivity in their vehicles.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The Global Automotive Central Gateway Module Market is experiencing significant growth driven by increasing vehicle electrification and the rising adoption of advanced driver-assistance systems (ADAS). Central gateway modules play a critical role in managing communication between different electronic systems in modern vehicles, ensuring seamless data exchange and enhanced vehicle performance. The market is also being propelled by the growing demand for connected cars and the integration of IoT technologies. Key players are focusing on innovation to meet the evolving needs of the automotive industry.

Research Analysis

The Automotive Cockpit Module market encompasses various components that make up the vehicle’s driver-centric control center. These include the dashboard, instrument panel, centre console, steering wheel, instrument cluster, and wiring harness. Automobile manufacturers are increasingly focusing on developing feature-full cockpits to enhance user experiences in connected cars and support autonomous driving. Digital modules are becoming increasingly popular, offering customization options to consumers based on their preferences and buyer demands. Air conditioning units, air bag modules, and cabin controls are essential cockpit components, contributing to the overall comfort and safety of the vehicle. OEMs are investing heavily in this market to stay competitive and meet the evolving needs of consumers. Digital cockpits, offering advanced features and seamless connectivity, are the future of automotive interiors.

Market Research Overview

The Automotive Cockpit Module Market encompasses various digital and electronic components that enhance the passenger experience in vehicles. These modules include dashboard, instrument panel, centre console, wiring harness, instrument cluster, steering wheel, and vehicle displays. Automobile manufacturers are integrating advanced technologies such as connected cars, autonomous driving, and OEMs to create feature-full cockpits. Digital modules like infotainment systems, interface, and passenger controls are becoming increasingly popular, allowing passengers to connect their devices and customize their user experiences. Comfort level is a significant factor, with air conditioning units, air bag modules, and cabin systems all contributing to the overall passenger experience. Mobile operators and remote monitoring systems are also integrating SIM cards and connected car technologies, enabling real-time vehicle data and services. Technological advances, such as self-driving cars and electrification systems, are driving the demand for automotive digital cockpits in the passenger car market. Consummers’ preferences for customization and advanced features continue to influence automotive sales, with automakers responding by offering compatible components and innovative infotainment solutions like Android infotainment solutions and Apple CarPlay. The cockpit’s design and aesthetic elements, such as aluminum and wood, also play a role in enhancing the driving experience. Pollution control technology, seats, exhaust systems, and interior systems are also essential components of the vehicle cockpit electronics.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationPassenger CarsCommercial VehiclesTypeICEElectricHybridGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Doo Group Strengthens Global Reach with CySEC License for Doo Financial

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LIMASSOL, Cyprus , Nov. 15, 2024 /PRNewswire/ — Doo Group is proud to announce that Doo Financial, one of its brands, has been awarded a new license by the Cyprus Securities and Exchange Commission (CySEC). This achievement strengthens Doo Group’s commitment to providing a secure and regulated trading environment for its clients globally.

Expanding Regulatory Reach

The addition of the CySEC license highlights Doo Group’s extensive regulatory framework, which already spans across multiple financial jurisdictions, including the United Kingdom, Australia, Hong Kong and Malaysia. This strategic milestone reflects Doo Group’s dedication to ensuring compliance with international regulatory standards and prioritizing client security. As a European Supervisory Authority, CySEC offers a robust regulatory environment and is expected to enhance client confidence. For Doo Group, this new regulatory milestone reinforces its reputation as a trusted, reliable financial services provider.

“Acquiring the new license from CySEC is a significant milestone for Doo Financial, marking a key step in our ongoing growth and strategic expansion. This achievement not only reinforces our commitment to maintaining the highest standards of regulatory excellence but also solidifies our position as a trusted, reliable financial institution within Europe. By aligning with CySEC’s rigorous requirements, we are better positioned to offer enhanced services to our clients, foster greater transparency, and ensure long-term stability in an increasingly complex and dynamic financial landscape.” Costas Kappai, Doo Financial EU

Strengthening Client Confidence

Doo Financial EU, the European branch of Doo Financial, is now positioned to serve clients across Europe under the guidelines of a European Supervisory Authority. European clients will benefit from CySEC’s regulatory protections, including client fund safety and transparent business practices, ensuring a secure and trustworthy trading experience. This development allows Doo Financial EU to offer its suite of financial services and trading products to a wider audience, backed by the credibility and oversight of CySEC.

By expanding its regulatory reach, Doo Group continues to strengthen its position in the global financial market, enabling clients to trade with confidence. The CySEC license is another step toward achieving Doo Group’s vision of becoming a leader in financial services.

About Doo Group

Founded in 2014 and headquartered in Singapore, Doo Group is an international financial services provider with a focus on FinTech. With operations across 10 major business lines—including Brokerage, Wealth Management, Payments, and Digital Marketing—we are dedicated to delivering comprehensive financial solutions that empower our clients to explore a better future.

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Liberty General Insurance Continues to Drive Insurance Awareness and Inclusion with ‘Suraksha ka Vaada Bima ke Saath’ Initiative Across Delhi and Punjab

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NEW DELHI, Nov. 15, 2024 /PRNewswire/ — Liberty General Insurance, one of the leading non-life insurance companies in India and the lead insurer for Delhi under the Insurance Regulatory and Development Authority of India’s (IRDAI) State Insurance Plan, is spearheading an insurance awareness initiative in Delhi. While there are no gram panchayats in Delhi, Liberty continues to drive insurance awareness through grassroots and digital outreach.

In parallel, Liberty is fulfilling its rural and social obligations by focusing on underserved areas in Punjab. This effort includes a recently initiated awareness campaign across 400 gram panchayats in Punjab to expand insurance penetration and increase accessibility in these regions.

In Delhi, Liberty continues to create awareness under ‘Suraksha ka Vaada Bima ke Saath’ initiative launched in 2023. This October Liberty began with a Door-to-Door Campaign across North-West and North East Delhi, reaching over 1600 households in Karala Village, Budh Vihar, Kanjawala Village and Begumpur, Burari, Kanhiya Nagar, Rampura, and Jahangirpuri, achieving over 25000 impressions. Over nearly a month, Liberty’s teams engaged with residents, distributing leaflets and explaining the benefits of motor and health insurance. This campaign was followed by the ‘Nukkad Natak’ (Street Play) initiative in South Delhi, targeting key neighborhoods of Sarojini Nagar, Lajpat Nagar, Nirman Vihar, Lakshmi Nagar, and Begumpur chowk market. The street plays used interactive performances to educate communities on the importance of insurance and dispel common myths. To reinforce the message, Liberty’s team also disseminated copies of the ‘Wise Ways of Insurance’ booklet—a unique resource developed to demystify insurance products and promote informed decision-making. The booklet, which is being translated into vernacular languages, is also being distributed in other states as part of Liberty’s commitment to financial literacy across India.

Complementing its on-ground efforts, Liberty General Insurance continues to leverage social media to drive targeted insurance awareness campaigns. Recognizing that widespread mobile access allows more people to connect online, Liberty reaches both rural and urban audiences, empowering individuals everywhere with the knowledge needed to make informed financial decisions.

Commenting on this awareness drive, Mr. Parag Ved, CEO & Whole-Time Director, Liberty General Insurance said, “Our ‘Suraksha ka Vaada Bima ke Saath’ campaign is an effort in line with IRDAI’s ‘Insurance for All by 2047’ vision, towards empowering communities across Delhi, Punjab, and beyond with the financial security that insurance provides. With general insurance penetration in India still at less than 1% of its GDP, there is a pressing need to educate communities and break down the barriers to understanding the importance of insurance. Liberty will ensure that its wide distribution network makes policies accessible to all, so that every citizen—no matter where they are—can access the financial safety net that insurance offers.”

“Liberty is committed to fostering a culture of financial resilience where every Indian can feel secure about their future. Together, we are building a future where insurance isn’t just a product but a promise of protection and peace of mind,Mr. Ved added.

Looking ahead, Liberty will be rolling out a transit media campaign across South Delhi in December, utilizing branded auto rickshaws to increase visibility and connect with residents in this vibrant area of the capital. By leveraging transit media, Liberty aims to bring insurance awareness into people’s daily routines, making information accessible in familiar, everyday settings. This campaign builds on the success of previous awareness initiatives and reinforces Liberty’s commitment to educating and empowering individuals about insurance.

About Liberty General Insurance

Liberty General Insurance Ltd. (LGI) is a joint venture between Summit Asia Investment Holdings PTE Ltd.— a group company of Liberty Mutual Insurance Group, a diversified global insurer with over 900 offices across the world, headquartered in the U.S., Enam Securities, and Diamond Dealtrade. LGI commenced operations in 2013 with the aim of providing comprehensive retail, commercial and industrial insurance solutions. The company has an employee strength of 1100+ with presence across 100+ locations in 28 states and UTs. Its partner network consists of about 6000+ hospitals and more than 5000 auto service centres. The company offers health and personal accident insurance, car and two-wheeler insurance, employee compensation insurance, commercial insurance, engineering insurance, marine insurance, liability insurance and property insurance among other products in India.

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Hikvision unveils WonderHub and elevates smart collaboration across industries

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HANGZHOU, China, Nov. 15, 2024 /CNW/ — Hikvision unveiled its fully upgraded smart collaboration business. The event showcased a range of innovative products designed to transform collaboration in education, meetings, retail, and more. Among the highlights were cutting-edge solutions like WonderHub interactive displays, digital signage, and video conference devices. These products underscore Hikvision’s commitment to driving digital transformation and enhancing user experiences in an increasingly connected world.

At the heart of this ecosystem is WonderHub, which features WonderOS, an AI-powered platform that seamlessly connects devices and enhances collaboration. With tools like WonderSpark for interactive whiteboards and WonderCast for wireless content sharing, WonderHub enables users to communicate, create, and collaborate more effectively than ever.

Boosting Classroom Engagement with Innovative Solutions

In education, WonderHub is designed to elevate classroom experiences. The interactive displays enable students to share and express ideas effortlessly, creating a more engaging and dynamic learning environment. The built-in WonderSpark smart whiteboard software uses AI to recognize equations, provide solutions, and generate interactive 3D teaching materials across subjects like mathematics, chemistry, and natural sciences. Teachers can also access licensed images and videos through Creative Commons integration, enriching lesson content and boosting student engagement.

Classrooms equipped with WonderHub also benefit from multi-window modes and a suite of 19 educational tools. These include subject-specific templates and interactive applications. For remote learning, WonderHub integrates seamlessly with third-party conferencing platforms, allowing students to collaborate in real-time, no matter their location.

Empowering Business Meetings with Intelligent Features

Hikvision’s smart collaboration solutions transform business meetings into more efficient and immersive experiences. The WonderHub Ultra Series allows users to easily connect personal devices and leverage the interactive display’s camera, speakers, and microphone for high-quality remote conferencing. The HiSpire meeting management system streamlines meeting logistics, including room scheduling, attendee notifications, post-meeting summaries, and distribution of materials.

Advanced AI features, such as auto-framing and speaker tracking, ensure optimal video quality. Meanwhile, app-free screen casting allows for easy sharing of presentation materials. The X12 and X28 audio-video cameras offer enterprises tailored setups to suit meeting rooms of any size, ensuring seamless communication with high-definition video and precise audio capture.

Transforming Retail Spaces with Dynamic Digital Signage

Hikvision has also advanced its digital signage solutions to enhance customer engagement in retail scenarios. The vibrant displays and centralized content management allow retailers to effectively capture attention. High-brightness window displays attract passersby with promotions and new product highlights. Meanwhile, floor-standing signage supports interactive features, such as self-service ordering. The HikCentral FocSign platform enables retailers to remotely manage and distribute content across multiple locations, improving operational efficiency and ensuring consistent branding.

These digital signage solutions, including the DP and DL series, boast superior brightness and clarity, ensuring visibility even in strong lighting conditions. The displays run on Hikvision’s self-developed platform and support WonderCast wireless casting, enabling quick and easy content sharing from various devices.

Since entering the smart collaboration market in 2017, Hikvision has rapidly become a leading global player. With over 300,000 units sold across more than 140 countries and regions, Hikvision’s smart collaboration business exemplifies the company’s commitment to innovation, quality, and user-centric design. As a key highlight of this evolution, the fully upgraded WonderHub represents the next leap forward in smart collaboration technology.

By bridging advanced technology with practical applications, WonderHub, along with Hikvision’s broader range of smart collaboration solutions, is leading the way in providing more efficient and intelligent solutions for users worldwide.

For more information about Hikvision’s smart collaboration products and solutions, please visit Hikvision’s official website.

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