Future Market Insights
The cockpit of a vehicle refers to the cluster of components put together in the front part of the passenger compartment. The improved comfort and safety characteristics in modern vehicles find a place in the vehicle's cockpit, which plays the role of a direct point of interaction between the vehicle and the driver. Cockpit modules are those embedded in these extra systems in a neat and compact fashion to give a premium appeal to interiors of vehicle.
The global cockpit module market is driven by the increasing need for automotive cockpit module from rapidly developing countries, such as India, China, Brazil, and Mexico. Owing to the improved purchasing power of consumers and substantial economic growth in these countries, people are opting for vehicles that come with automotive cockpit modules.
The following regions are contributing towards the growth of global cockpit module market.
Over the years, there has been substantial increase in consumer demand for automobiles that come with better fuel efficiency, mainly due to the rise in fuel prices. Automobile manufacturers are relentlessly looking for solutions that can lessen the weight of automobiles, to improve fuel efficiency. The global cockpit module market is likely to gain momentum from such need for fuel-efficient vehicles.
The cockpit of a vehicle is aggregate of components located in front part of the passenger compartment. Basically in front of the driver and passengers. It carries out many functions, esthetical, structural, climate comfort, safety, information which are pre assembled as sub-assembly ready to be installed in the car. The Cockpit is the main interface of driver and passengers during both driving and on board stay and has to accomplish the function like ergonomy to allow an easier reachability and use of controls. Style and climate comfort. Passive safety is adopting airbags and a collapsible steering column which would not cause any injuries to the passengers during a crash.
The global demand for cockpit module is on a high due to the increasing demand for automobiles across the globe.
Cockpit Module Market: Drivers and Restraints
The prime factor boosting the production of cockpit modules is the implementation in vehicles by OEMs. The cockpit with electronic function is also driving the cockpit market due to rise in connected vehicles, rising demand for enhanced user experience and convenience features in the vehicle, and integration of smartphones with vehicles. As large OEMs outsource whole parts of the car, such as the front end or a cockpit module, relations with first-tier suppliers are becoming more critical. The ordering of a complete module reduces the number of parts to be outsourced, and thus reduces the quality control costs, assemblers’ time of assembly, and thus labor and administrative costs. Importantly, modularization may also include the delegation of product design to suppliers, which may increase sharing of critical technologies. This helps the large car companies to forge closer ties with the first-tier suppliers, and even push for an exclusive relationship. It is not inconceivable that within a decade or two, there will be only a handful of suppliers for each type of modules such as the cockpit and the front end of a car. It is not sure whether an entire and dominant industry structure will emerge or whether there will be a shift to a diverse range of competing structures. The output will be determined by a series of both individual firm choices relating to the determination of boundaries and the distribution of roles and responsibilities across these boundaries, and also the evolution of supplier capabilities in the wake of these decisions. The potential for modularization and supplier-only driven industry evolution is also limited by the difficulties of creating modules which are both physically contiguous and encompass entire systems.
Global Cockpit Module Market: Segmentation
The thermo chromic labels market is segmented into four parts based on the types, industrial application, end users type, and geography:
Based on the type Cockpit Module Market is segmented into:
High-End Information Display
Mid/High-end Infotainment Unit
Advanced Instrument Cluster
Basic Instrument Cluster
Entry Level Information Display
Basic Infotainment Unit
Based on the Vehicle type Cockpit Module Market is segmented into:
Commercial Vehicles/ Light Commercial Vehicle
Heavy Commercial Vehicles
Based on the Fuel type Cockpit Module Market is segmented into:
Internal Combustion Engine
Based on the level of driving Cockpit Module Market is segmented into:
Cockpit Module Market: Regional Outlook
Regarding geography, Thermo chromic labels market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Cockpit module is expected to register healthy CAGR during the forecast period due to high demand for cars. Europe, being the hub to many prominent automobile OEMs, registered the highest share in the market, followed by APAC and North America. With more and more companies setting up their manufacturing units in countries like China, Japan and India, the demand for cockpit module has been on the rise, with China registering the highest share in APAC region. The United States leads the cockpit module market in North America. Latin America also sees a considerable growth in automobile industry which is boosting the cockpit module. MEA is expected to have slow growth rate, due to lack of OEMs in that region.
Cockpit Module Market: Few Players
Few players identified in Cockpit Module Market are:-
ZF Friedrichshafen AG
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