Growing per capita income and an economically active global population have led to the increase in demand for personal conveyance. The global cockpit electronics market is growing mainly due to the spurt in new car sales and the increasing affordability of consumers to install advanced technologies in their vehicles. Technological advancements have been giving rise to competition in the market due to which most leading companies are investing heavily in research and development activities. ... Read more

According to a new market report published by Persistence Market Research “Global Market Study on Automotive Cockpit Electronics: Infotainment and Navigation Segment to Witness Highest Growth by 2020”, the global automotive cockpit electronics market was worth USD 31.1 billion in 2013 and is expected to grow at a CAGR of 12.0% during 2014 to 2020, to reach an estimated value of USD 61.5 billion in 2020.

Growing per capita income and an economically active global population ... Read more