Pune, India, January 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Automotive Digital Instrument Cluster Market.
The global automotive digital instrument cluster market is anticipated to experience 20% CAGR during the forecast period (2017-2023) owing to rising demand of high-end passenger cars, asserts Market Research Future (MRFR).The digital display or the electronic displaycluster in an automobile is referred to as a digital panel which exhibits a set of parameters such as the vehicle speed, the fuel capacity, the engine rpm, and the utilized fuel from the fuel tank. The electronic consolidated panel provides the driver with precise information regarding the functionality of the vehicle and its related parameters in a visually comfortable format.The digital system offers easy and simple comprehensible information, thereby making the driving experience much better.
Drivers and Constraints Impacting the Market
The global automotive digital instrument cluster market is expanding at a healthy CAGR during the estimated period owing to several driving factors. One of the major factors driving the market are the fatigued drivers who get confused with the readings displayed on the analog systems.With the comprehensible and easily readable digital display panel further trigger the demand for automotive digital instrument cluster during the assessment period.The vehicle service personnel also prefer such digital panels owing to the easy and preciseon eye information display aiding the vehicle and diagnostic repair. Moreover, with the increasing demand for high-end passenger cars due to rising disposable income, the global market for automotive digital instrument cluster is estimated to flourish.Additionally, owing to the growing competition, car manufacturers are implementing innovative features in car cabins and latest HMI products, which is considered to increase the penetration of digital instrument cluster in high-end cars.
On the flip side, the high cost of digital instrument cluster is considered as one of the major restraints to the growth of the market across the globe. Moreover, high installation cost and lack of skilled mechanists capable of operating advanced technologies implemented in such clusters are anticipated to slowdown the market growth in the coming years.
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Global Automotive Digital Instrument Cluster Market: Segmental Analysis
The global automotive digital instrument cluster market has been segmented on the basis of display type,display size, fuel, vehicle type, and region.
By mode of vehicle type, the global automotive digital instrument cluster market has been segmented into commercial vehicle and passenger vehicle.
By mode of display size, the global automotive digital instrument cluster market has been segmented into 5-8-inch, 9-11-inch, and greater than 12-inch. Among these, 9-11 inch is the most commonly used display size owing to the low cost of production and optimum size.
By mode of display type, the global automotive digital instrument cluster market has been segmented into LCD, OLED, and TFT-LCD.Among these, the TFT-LCD type is in high demand owing to the superior display clarity coupled with relative low production cost.
By mode of fuel, the global automotive digital instrument cluster market has been segmented into diesel, petrol, PHEV, BEV, and HEV. All the five types of fuel are considered to exhibit an upward trend owing to the user-friendly designof the digital instrument cluster system.
Geographically, the automotive digital instrument cluster market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, North America is presumed to exhibit a consistent rise in the number of automobiles on the road.Due to the mediocre public transport system, consumers prefer to choose personal vehicles over public transport. The digital instrument cluster offer better visibility and greater controlof all the possible vehicle parameters and is an ideal riding experience for long distance journeys.
The Asia Pacific automotive market has always showcased a strong global presence owing to the big global region, Japan. The Japanese technologically advanced cars are manufactured with the support of advanced digital instrument cluster, which triggers the demand in this region.
January 08, 2019: A unit of Garmin Ltd. and Green Hills Software, Garmin International, Inc.,the worldwide leader in embeddedsecurity and safety has recently announced their selection of Green Hills Software's INTEGRITY real-time OS as the secure and safe software platform for theirlatest standalone automotive digital instrument clusters.
The prominent players operating the global automotive digital instrument cluster market are Mitsubishi Electric Corporation (Japan), Continental AG (Germany), Nvidia Corporation (U.S.), Denso Corporation (Japan), Panasonic (Japan),IAC Group (Luxembourg),Yazaki Corporation (Japan), Nippon Seiki (Japan), ID4Motion (Netherlands),Nippon Seiki Company Ltd. (Japan),Robert Bosch GmbH (Germany), Luxoft (Switzerland), Alpine Electronics Inc.(Japan), Magneti Marelli S.p.A. (Italy), Sharp Corporation (Japan), Visteon Corporation (U.S.), and Delphi Technologies (U.K.).