Visteon says in 'cockpit electronics segment of automotive electronics'
Visteon, speaking earlier at the JP Morgan Auto Conference, said that the segment has the "fastest growth rate" of all of the auto electronics market. The key drivers of the segment are the increasing demand from consumers for an enhanced user experience and more convenience features, the ever-growing number of cars that are connected to the Internet and also the integration of smartphones with the vehicles, which is really driving these technologies in the cockpit towards more digital and more software capabilities. "So if the underlying market is growing at about 2% CAGR in terms of vehicle production, over the 2015 to 2022 time frame, automotive cockpit electronics is growing roughly at about 8%. And we believe that this pace is actually going to pick up as the consumers start to demand more and more capabilities inside the cockpit that we are, at this point, just starting to see come into the industry," said company management.