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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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SOURCE Technavio

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Leoguar Electric Bike Makes Christmas Unforgettable with Exclusive Holiday Offers

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HOUSTON, Dec. 25, 2024 /PRNewswire/ — As the holiday season draws near, Leoguar is excited to offer exclusive deals on their range of electric bikes, bringing families together for memorable moments. With a collection designed to combine fun and fitness, this Christmas is the perfect time to gift an unforgettable experience.

“This Christmas, we’re inviting families to rediscover the joy of outdoor exploration. Our bikes help you bond, stay active, and make the most of every moment,” said the Leoguar COO.

Leoguar’s holiday lineup offers premium e-bikes for every rider, now with unbeatable deals: 

Flippo Folding eBike: A lightweight, foldable ride perfect for urban commutes. Upgrade to the Flippo Pro for enhanced performance with a torque sensor for smoother rides.

Fastron Fat Tire eBikes: Built for rugged terrains, the Fastron features a durable, rugged build, and speeds up to 28 MPH, making it the perfect choice for adventurous riders.

Zephyr Beach Cruiser eBikes: Crafted for effortless coastal cruising, the design combines style and comfort, featuring a comfort saddle that ensures a smooth, seamless ride.

Sprint Utility eBike: A versatile, practical choice featuring a sturdy frame and passenger seat, perfect for errands or leisure.

Trailblazer EMTB: Designed for tough off-road trails, the model features a 500W mid-drive motor, offering powerful performance, extended range, and excellent climbing ability.

To make this holiday gift even sweeter, all Leoguar bikes come with free shipping and a two-year warranty for worry-free riding. Additionally, customers can join the holiday giveaway to win prizes like $59 bottle holders, or even a free e-bike!

Leoguar bikes cater to all experience levels, offering comfort and a seamless riding experience. They promote health benefits like improved fitness and stress relief while creating lasting memories on scenic rides.

“Whether it’s cruising the city streets, riding mountain trails, or relaxing by the beach, a Leoguar electric bike is the ideal Christmas gift,” the COO added. “This holiday season, choose a cycling gift that will last for years to come — there’s no better way to kick off the new year.”

To check out the full collection and take advantage of these limited-time offers, visit www.leoguarbikes.com

About Leoguar:

Leoguar is an eco-conscious e-bike brand founded by Johnny, an engineer with decades of industry expertise. Combining innovation, agility, and power, Leoguar delivers high-quality electric bikes designed for adventure, sustainability, and individuality.

Media contact: lily@leoguarbikes.com 

 

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SOURCE Leoguar Electric Bikes

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2024 Financial Oscars: Waton Securities International Honored as “Outstanding Digital Empowerment Institution” of the Year

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SHENZHEN, China, Dec. 25, 2024 /PRNewswire/ — In early December, at the 18th Huaxia Institutional Investor Annual Conference of 2024, the 18th Golden Cicada Awards were announced. Waton Securities International was awarded the “Outstanding Digital Empowerment Financial Institution of 2024” for its significant achievements in securities brokerage and fin-tech sector.

The selection for the “Outstanding Digital Empowerment Financial Institution” focused on evaluating companies based on financial performance, market competitiveness, customer recognition, digital strategy planning and implementation, digital transformation outcomes, and risk control capabilities. Particularly, it highlighted cases that have made significant strides in digital empowerment.

The evaluation also emphasized the outstanding performance of financial institutions in their own digital transformation and the sound risk control abilities demonstrated during this process, ensuring that while pursuing innovation, companies can effectively manage and control risks. Waton Securities International distinguished itself among the contenders with its sophisticated technology platform, well-defined digital strategy, substantial transformation achievements, and commendable risk control mechanisms.

Established in Hong Kong in 1989, Waton Securities International has steadily grown with a deep understanding of professional financial services and regulatory compliance. It has obtained licenses 1/4/5/9 from the Hong Kong Securities and Futures Commission, becoming a fully licensed brokerage with comprehensive financial service qualifications. Through continuous technological innovation and digital transformation, it has successfully built a one-stop brokerage cloud service platform, promoting advanced digital financial technology globally. Its pioneering SaaS product, “Broker Cloud”, allows corporate clients to independently deploy and operate high-performance digital customer information management and trading systems without their own IT teams. The solution is relatively low-cost and adaptive to industry, which is the core competitiveness of Waton Securities International.

Data reveals that of the 1,100 securities firms in Hong Kong, approximately 600 are actively trading, yet fewer than 50 have developed their own mobile applications. On a global scale, among the 30,000 securities companies, only a handful—less than 300—feature brokerage trading Apps in App stores. This underscores a significant market demand for the digital enhancement of the securities sector.

With the swift growth of technologies like generative AI LLMs, blockchain, big data, and cloud computing, the securities industry can use these tools to streamline trading strategies, assess risks more accurately, and forecast market trends. These technologies also help the industry to move towards more integrated, platform-focused, and digital operations. The main goal of technology in finance is to increase the efficiency of financial institutions. A good starting point for applying technology is to focus on financial services and build a solid technical foundation for these institutions.

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SOURCE Waton Securities

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Mega Matrix Announced that the English Version of “Getting Even: The Secret Prodigy’s Playbook” Now Streaming on FlexTV

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SINGAPORE, Dec. 25, 2024 /PRNewswire/ — The highly anticipated English adaptation of the revenge rebirth series, Getting Even: The Secret Prodigy’s Playbook, officially premiered on December 19th on FlexTV, the world-leading short drama streaming platform operated by Mega Matrix Inc. (NYSE American: MPU). The series delves into the intricacies of power struggles within the White family, chronicling the protagonist’s journey of rebirth and empowerment to rewrite her destiny.

Audrey White, the legitimate daughter of the White family, was sent abroad at a young age due to family circumstances, gradually estranging her from her kin. When she finally returns home, eager to reunite with her family, she unexpectedly becomes the target of jealousy from Ruby White, the family’s adopted daughter. Harboring deep resentment, Ruby orchestrates a kidnapping plot, culminating in a devastating fire designed to test the loyalty and affection of the White family.

Left to perish in the flames, Audrey is abandoned by her family but heroically rescued by her uncle. Miraculously, she is granted a second chance at life, returning three years prior with the power to alter her fate. Determined to expose Ruby’s schemes, rebuild her family bonds, and claim her rightful respect and happiness, Audrey embarks on a journey of resilience and redemption.

FlexTV, operated by MPU, is a global leader in short drama streaming, delivering content in over 100 countries in multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. Known for its premium-quality dramas and unparalleled user experience, FlexTV has captured the hearts of audiences worldwide. The English version of Getting Even: The Secret Prodigy’s Playbook, now streaming on FlexTV, offers a compelling exploration of familial power dynamics, the complexities of human nature, and the protagonist’s growth and self-redemption in adversity. For more exciting content, please visit https://www.flextv.cc/.

#WealthyFamily #Revenge #Rebirth #ShortDrama #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

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SOURCE Mega Matrix Corp.

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