info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Automotive Instrument Cluster Market Research Report Information by Technology Type (Analog, Digital, and Hybrid), Vehicle Type (passenger car and commercial vehicle), and region - Forecast 2032


ID: MRFR/AM/3803-HCR | 100 Pages | Author: Sejal Akre| October 2024

Automotive Instrument Cluster Market Overview


The Automotive Instrument Cluster Market Size was valued at USD 7.6 billion in 2022. The Automotive Instrument Cluster Market industry is projected to reach USD 14.9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2023 - 2032).


It was marked that an automotive instrument cluster is a set of instruments that comprises of speedometer and infotainment display. The infotainment display can be of both digital and analog types. The panel instrumentation denotes the speed of the vehicle and tells us about the amount of fuel so available and the traffic conditions with the help of navigation systems. It tells that the driving system is very much safe and is very comfortable as it prevents the display of information in a very clear-cut way. Giving much more priority to adopting digital dashboards steers up the market size.


COVID 19 ANALYSIS


The outburst of COVID has hampered industrial growth. The outburst affected the supply chain and value chain of the market. Reduction in supply of raw materials took place. Certain continuous developments and some of the precautionary measures so taken have deteriorated instrumental growth. The monitoring and controlling purposes emerged in the market during the pre-covid impact. The economic effect of the country was upthrown. The market was badly hampered.


MARKET DYNAMICS


Drivers- some of the driving factors include the adoption of new technology, high growth in demand for adoption of electronic-driven instrument panels along with high growth in demand for driver assistance systems. Along with all this high growth in demand for the system in high-end cars, rise in electric vehicles, and many more increases in the automotive instrument cluster market size. The growth in automotive instrument cluster market demand for OEM manufacturers has helped in the development of the product which is very much different from the key vendors. The rise in need of the users for the adoption of high-quality instrument panels has raised the demand for the usage of an innovative display system that needs to be installed in the automotive. Adoption of new and advanced display systems helps in improving the automotive instrument cluster market size.


Opportunities- adopting the usage of 2D and 3D graphic system have raised the demand for using instrument clusters. A rise in efforts of government towards development drives up the growth cluster towards the expansion of market size. The market is looking more sportive and attractive due to the transformation in users' preferences. This leads to the opening of more creative areas. adoption of certain digitally based things like rich graphics, photorealistic rendering, resolution of retina glass along with the unification of smartphones in a cluster manner. Growth in income level is helping in driving up the market size. The launching of new and advanced screens along with certain biometric features rises the market opportunities. A rise in navigation rate, improvement in driving mode, and rise in energy flow rate have provided some of the opportunities for propelling up the market size.


Challenges- the adoption of people towards the need for luxury, convenience, and a stress-free drive has helped in spurring up the expansion of the automotive instrument cluster market size. Globalization and industrialization are some of the challenging factors prompting market development. The rise in the functionality of the market is another most important challenging factor.


Restraints- increase in the price of the digital devices and display, the integration costs are deteriorating the market growth. An increase in maintenance costs, and risks of cyberattacks on digital services, is a major concern restraining the market size. Variations in the cost price of raw materials, restraints up the market price. Reduction in human intervention is hampering the market. Building off some of the restrictions hampers the market growth.


MARKET SEGMENTATION


By type- the market is being classified based on vehicular type, technological type, and region. Based on technological type, the automotive instrument cluster market is being divided into analog, digital and hybrid. The hybrid part has occupied a large automotive instrument cluster market share during the automotive instrument cluster market forecast period. This type of instrumentation plays an important role in displaying the information in analog and display system that dominates the market as per the type of technology. The reduction in the price of the system along with the high usage of electronic devices in vehicles has raised the market growth. In the previous years, the market share of the analog system was more dominating than that of the digital platform. But the transformation of technology and the rise in demand for luxury vehicles will raise the demand for hybrid clusters will help in market development in the upcoming years. The analog cluster comprises two dials for the speedometer and a gauge for indication of fuel level.


By technology- technology helped in improving the growth and demand for instrument clusters which can be easily unified with smartphones. Unification of the instrument clusters with the android phones forms a personalized cluster of instruments for the users. This high growth resulted in an upsurge in the automotive instrument cluster market growth. Technology led to the launching of the HMI concept where the evolution of display information took place in a better conveying way. The instrument panel consists of analog, hybrid along with digital segments. Technology led to the evolution of the ones which displays all type of information in a digital way on LCD or TFT. An astonishing rise in the deployment of electric vehicles rose thus encroaching the market demand. Development of tachometer showed up the RPM of the market. Technology led to the launching of a temperature gauge where overheating of the vehicle could be found.


REGIONAL ANALYSIS


Regionally the market has been expanded into the regions of Europe, Asia Pacific, North America, and some regions in the rest of the world. Due to the high demand if automotive in the region of India, China, and Japan, Asia Pacific covers the most dominating segment owing to the increase in market share. The rise in the production of vehicles is very much concerned with the growth of instrument clusters. This helps in improving the automotive instrument cluster market growth. The rise in global market sales is helping in improving the demand in the Asia Pacific region. Sone of the emerging countries is adopting certain innovative policies along with liberalization of trade which has followed the new advanced technology. North America is found to be the second-largest market whereas the United States covers the second largest market share. moreover, the European region has been found to occupy the third-largest automotive instrument cluster market share where it occupied an influential growth.


COMPETITIVE LANDSCAPE


Sone of the automotive instrument cluster key players includes Continental AG of Germany, Innolux of Taiwan, Mentor Graphics of the United States, Japan display Inc. of Japan, Visteon of the United States, Alpine electronics of Japan, YAZAKI Corp, Calsonic Kalsi Corp, Magneti Marelli S.p.A, Robert Bosch Gmbh, Pricol Ltd, Delphi Automotive LLP, Simco ltd, HARMAN International, Denso of Japan, Qualcomm of the United States and Bosch of Germany. Influential improvement in the product portfolio by some key players are launching some new innovative products.


RECENT DEVELOPMENTS


BMW in September 2018, launched a new cockpit which was planned by BMW Operating System 7.0. Here the presence of new features makes the driver aware of the performance of the car. The features include the recognition of the voice and control of gestures. Digitization of the cluster in the high-end car activity emerges as one of the topmost automotive instrument cluster market trends in the present years.


Visteon in September 2018, has supplied certain products to the new electric variant of Renault.


REPORT OVERVIEW


The market report explains the growing market size and comprehensively analyses the growing market cluster and signifies the market vendors playing in the industry. The report gives a good estimation of the revenues generated. It gives a good validation about the shipments being carried out in the industry. It makes primary research and good statistics about the trending market research. The report categorizes the segmentation so done. It signifies the major contributors contributing towards growth and size expansion. The holistic evaluation signifies bout the substantial and emerging growth rate in the market. It explains the market scenario and the emerging market players playing in the market. The market will soon see immense growth.

Report Attribute/Metric Details
  Market Size   2032 : USD 14.9 billion
  CAGR   8.20% CAGR (2022-2032)
  Base Year   2021
  Forecast Period   2022 to 2032
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Technology Type, Vehicle Type, Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Continental AG (Germany), Mentor Graphics (U.S), Visteon (U.S), Delphi (U.S), Qualcomm (U.S), Bosch (Germany), Denso (Japan), Alpine Electronics (Japan), Japan Display Inc. (Japan) and Innolux (Taiwan).
  Key Market Opportunities   Increase in government efforts in the automotive industry, will drive the growth
  Key Market Drivers ·  Rising demand for electronic instrument cluster with 2D and 3D graphics system have increased ·  Development in the technology, rising demand for electronic driven instrument panels, growing demand for advanced driver assistance system (ADAS) in high end cars, increase demand for electric vehicles, and others ·  Increase in demand for the innovative display systems, will lead to the growth


Frequently Asked Questions (FAQ) :

The factors responsible for the growth of automotive instrument cluster are development in the technology, mounting demand for electronic driven instrument panels, budding demand for advanced driver assistance system (ADAS) in high end cars and the increase demand for electric vehicles.

The segments under segmental analysis of the market is technology and vehicle.

North America, Asia Pacific, Europe are grossing with market valuation of the market.

Mentor Graphics (U.S), Visteon (U.S), Continental AG (Germany), Qualcomm (U.S), Bosch (Germany), Delphi (U.S), Alpine Electronics (Japan), Denso (Japan) are they competitors of the market.

Asia Pacific is witnessing the increase in the share of global vehicle sales and will be see growing in the coming years.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.