Leading market players are investing heavily in R&D to expand their product lines, which will help the automotive digital cockpit market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, automotive digital cockpit industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global automotive digital cockpit industry to benefit clients and increase the market sector. In recent years, the automotive digital cockpit industry has offered some of the most significant advantages to medicine. Major players in the automotive digital cockpit market, including Robert Bosch GmbH (Germany), Continental (Germany), Denso Corporation (Japan), Panasonic Corporation (Japan) and others, are attempting to increase market demand by investing in R&D operations.
Visteon Corporation (VC), headquartered in Van Buren Township, Michigan, is an American global automotive electronics supplier. Visteon develops, creates, and manufactures vehicle cockpit electronics, connected car services, and electrification systems for a diverse customer base that includes nearly all of the world's major automakers. Visteon had $3.76 billion in sales and nearly 10,000 people in more than 40 sites across 18 countries in 2022. Visteon has set a corporate aim of increasing its business with other firms, and it now has a diverse customer base, working with all of the world's leading manufacturers.
In January 2020, Visteon introduced next-generation digital cockpit technology platforms at CES 2020. This system contains an infotainment solution for connected cars that is an Android infotainment solution for seamless connectivity, including seamless integration with Android Auto and Apple CarPlay technologies for smartphone projection.
Faurecia SE is a French global automobile supplier headquartered in Nanterre, a suburb of Paris in the west. It was the world's ninth largest multinational automotive components maker in 2018 and ranked first in vehicle interiors and pollution control technology. Faurecia equips one out of every three autos. It creates seats, exhaust systems, interior systems (dashboards, centre consoles, door panels, acoustic modules), and vehicle aesthetic elements (aluminium, wood). Customers of Faurecia include, among others, the Volkswagen Group, Stellantis, Renault-Nissan-Mitsubishi, Ford, General Motors, BMW, Daimler, Toyota, Tesla, Inc., Hyundai-Kia, Jaguar Land Rover, and BYD.
In July 2019, Faurecia has announced a partnership with Microsoft to develop revolutionary, connected, and personalized services for the Cockpit. This type of technology will be unique, and premium automobile manufacturers will desire such technology in their vehicles to improve the driving experience of their customers.
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