Cockpit electronics are integrated into vehicles to improve the driving experience, offer safety and better controls, and provide convenience. Vehicle cockpits include the human–machine interface (HMI), which has either analog (levers and knobs) or digital (touchscreen) controls. Wi-Fi, global positioning system (GPS), CD players, advanced parking support systems, in-car telephone, climate control, rear display, in-car lighting, and wireless interface are some of the controls that are directly accessible from the automotive cockpit. The increasing adoption of such controls owing to the surging public awareness on vehicle safety will fuel the integration of automotive cockpit electronics worldwide.
Moreover, the increasing implementation of government regulations on passenger safety will contribute to the progress of the automotive cockpit electronics market in the forthcoming years. For instance, the United Nations World Forum for Harmonization of Vehicle Regulations lays down the safety standards for motor vehicles and offers a legal framework that member nations may implement voluntarily. Automobiles that comply with these regulations are less likely to be involved in road accidents.
According to P&S Intelligence, North America dominated the automotive cockpit electronics market in the recent past due to the mounting investments and technological advancements in its automobile industry. For instance, Select USA states that the total foreign direct investment (FDI) in the U.S. automotive sector reached $114.6 billion in 2018. The automobile sector of the country is one of the frontrunners in innovation. As per Auto Alliance, approximately $18 billion is spent on research and development (R&D) in the automobile sector in the U.S.
Thus, the surging global focus on vehicle and passenger safety and escalating customer demand for an enhanced driving experience will boost the adoption of automotive cockpit electronics in the foreseeable future.
