Automotive cockpit electronics ensure safety of vehicles with enhanced features such as electronic stability control, and tire pressure monitoring system (TPMS). Rising number of road accidents have led vehicle owners to turn towards more automated vehicles. Increasing vehicle ownership has boosted the growth of the global automotive cockpit electronics market. Rising number of accidents has compelled governments across the globe to implement stringent regulations regarding safety of vehicles. This has led automotive manufacturers to invest in automotive cockpit electronics. Growing consumer interest towards info-travelling is propelling the demand for automotive sensors, thereby augmenting the growth of the global automotive cockpit electronics market.
TPMS and EPAS- The Key Factors in European Automotive Cockpit Electronics Market
On the basis of product type, the global automotive cockpit electronics market has been categorized into infotainment and navigation, information and controls, and audio and connectivity. The information and controls segment has been further divided into head-up display and Electronic Power Assisted Steering (EPAS) and Tire Pressure Monitoring Systems (TPMS). With TPMS becoming mandatory for new vehicles in Europe, especially for passenger cars, the demand for EPAS and TPMS is expected to surge in the region. Further, in the near future, the infotainment and controls segment would contribute significantly towards the growth of the market.
Future of Automotive Cockpit Electronics
In future, the traditional knobs and buttons are expected to be scraped off the car dashboards. Recent car models including Acura Precision, VW T-Cross Breeze, and BMW i Vision Future Interaction have pristine expanses of dashboard. However, automotive engineers are working on future models where speech recognition, touch screens, gesture controls, and steering-wheel controls will be prominent. This will open up a new dimension for the global automotive cockpit electronics market.
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