Automotive Digital Instrument Cluster Market is predicted to grow at approximately 20% CAGR by 2030

Pune, India, March 21, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on Global Automotive Digital Instrument Cluster Market. The Automotive Digital Instrument Cluster Market is expected to grow at the CAGR of around 20 % during the period 2022 to 2030.

Market Highlights

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The automotive market has always been open to exploring newer technologies and incorporating them for bettering the overall riding experience. In the early 20th century, when automotive industry was still in its nascent stage, the supply of automobiles was limited and the demand started increasing. Thus the market was a suppliers market and the consumer had to be content with whatever piece of machine was provided to them to travel from one point to another. Later, as the technical advancement happened in almost every field, the automotive field was sure not the one to be left behind. The automobiles incorporating 99% mechanical moving parts and just 1% electrical components (headlights, blinkers, tail lamp etc.), slowly started changing in terms of the components used. Thus more and more incorporation of not just electricals but electronics as well started taking place. This resulted in enhanced and improved functionality, albeit making the system complex at the same time in terms of its working. To reduce this complexity to an extent, automakers now started making use of mini computers/microprocessors. These were supposed to make the automobile interface more reliable, fast working and independent of the car functioning (stationary or a moving car). However, mini computers, then required a proper and simple, yet efficient display mechanism.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Automotive Digital Instrument Cluster Market Trends

Using the archaic analog meters for displaying the reading again was a big problem due to the precise nature of the observed data and the sheer incompetence of the analog meter to present such precise data. Thus, automakers decided to shift their attention to the digital cluster panel and their design. Soon enough, the importance of a small, concise and visually appealing display unit was realised by everyone alike. This digital display panel also created an opportunity for displaying information that was not monitored previously. This led to the development of different kinds of measurements and drive assistance devices such as the parking cameras and sensors, the GPS navigation system. The development of market differentiation based on the size of the navigation and console screen is one such example of how the advent of the digital instrument cluster panel has changed the face of the automotive industry. This aptly sums the scope and potential of the automotive digital instrument cluster market.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The customers in the North America region (U.S. and Canada in particular) prefer personal vehicle over the public transport system. A number of people travelling to work over long distances by car has increased exponentially. The display and controls are made as appealing as possible using this system to lure customers and offer them a comfortable riding experience. In the Asia Pacific region, the traditional automotive hub – Japan and the combined economic might of growing economies such as India and China produces huge opportunity. Low- cost, high performance, small cars are generally preferred in this market where fitment of this system provides the manufacturer, an edge. The Europe market is known for its penchant for high powered high technology, cars fitted with the latest electronics and automation possibly available in market. Thus, fitment of this system will significantly increase vehicle purchase in this region

Drivers:

Global Automotive Digital Instrument Cluster Market Size, 2022-2030(CAGR):

Scope of the Report

This study provides an overview of the Global Automotive Digital Instrument Cluster Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive digital instrument cluster market by its Display Size, Display type, Type of Fuel used, Vehicle Type and Region.

• By Display Size


• 5-8 inch


• 9-11 inch


• >12 inch


• By Display Type


• OLED


• LCD


• TFT-LCD


• By Type of Fuel used


• Petrol


• Diesel


• BEV


• PHEV


• HEV


• By Vehicle Types


• Passenger Vehicles


• Commercial Vehicles


• By Region


• North America


• Europe


• Asia Pacific


• Rest of the World

Key Players

The key players in automotive digital instrument cluster market are Continental AG (Germany), Nvidia Corporation (U.S.), Robert Bosch GmbH (Germany), Nippon Seiki (Japan), Visteon Corporation (U.S.), IAC Group (Luxembourg), and Panasonic (Japan). Delphi Technologies (U.K.), Magneti Marelli S.p.A. (Italy), Denso Corporation (Japan), Sharp Corporation (Japan), Alpine Electronics, Inc.(Japan), Mitsubishi Electric Corporation (Japan), Luxoft (Switzerland), Yazaki Corporation (Japan), ID4Motion (Netherlands), and Nippon Seiki Company Ltd. (Japan) are among others.