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The rising use of advanced technologies in the manufacturing of vehicles is expected to lead market growth over the next couple of years. the technology is more common in high-end luxury cars.
Segmentation:
The segments of the global Cockpit Electronics Market Share, based on product type, are telematics, HUD, infotainment & navigation, information display, instrument cluster, and others. Among these, the HUD segment is anticipated to dictate the growth of the market owing to the rising demand for luxury cars.
The segmental analysis of the Cockpit Electronics Market Share, on the basis of technology type, covers basic and advanced. The advanced segment is likely to lead the expansion of the market in the years to come. Increasing demand for the key features offered by advanced systems is poised to attract a larger customer base for the segment across the review period.
The global Cockpit Electronics Market Share has been divided on the basis of vehicle type, which covers passenger car and commercial vehicle.
Regional Analysis:
Europe is the second-largest regional segment and is likely to benefit from the rising number of passenger vehicles in the region. Germany is projected to contribute to the development of the Cockpit Electronics Market Share in the region over the next few years.
Competitive Dashboard:
Robert Bosch GmbH (Germany), IAV (Germany), Harman International (U.S), Continental AG (Germany), Visteon Corporation (U.S), Delphi Automotive PLC (U.K), Alpine Electronics Inc. (Japan), Denso Corp. (Japan), Johnson Controls (U.S.), and Magneti Marelli (Italy) are some of the few players in the global Cockpit Electronics Market Share that are anticipated to contribute substantially to market growth over the next couple of years. These players are presumed to resort to growth trajectories such as mergers & acquisitions, collaborations with end-users, product innovations, etc. Investments are likely to increase in research & development, which is prognosticated to encourage competition in the Cockpit Electronics Market Share in the years to come.
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https://www.techsite.io/p/1729783
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