Automotive Digital Instrument Cluster Market to surpass $ 7 Bn by 2025

December 27, 2019


According to the research report titled ‘Automotive Digital Instrument Cluster Market Size, by Display Type (LCD, TFT-LCD, OLED), By Display Size (5-8-inch, 9-11 inch, >12 inch), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with MarketStudyReport.com, the global automotive digital instrument cluster market is expected to cross USD 7 billion by the year 2025.
 

Growing inclination towards using large display screens in automobiles is majorly driving the automotive digital instrument cluster industry growth. Large-sized displays can cover numerous electronic features such as communication, media, speed, system alerts and map & navigation. Increasing application across electric & luxury vehicles along with the introduction of multi-layered display technology may aid the expansion of the industry.
 

Automotive digital instrument clusters also require low production costs, thereby making them an affordable alternative over analog instrument clusters. Several OEMs are now focusing on displaying key driving information in the digital clusters. These systems offer better reading capabilities and various vehicle diagnostic functions.
 

As per display type, the automotive digital instrument cluster industry is categorized into OLED, TFT-LCD and LCD display segments. Meanwhile, in terms of size, the product ranges from 5-8 inches to 12 inches in dimensions.
 

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Considering geographical landscape, North America is anticipated to offer considerable growth opportunities to the global automotive digital instrument cluster industry owing to surging need for luxury vehicles, especially in Canada and the U.S. On the other hand, Mexico market is projected to dominate the automotive digital instrument cluster industry in the coming years. Rising adoption rates of electric vehicles in China are also contributing to growth of the worldwide automotive digital instrument cluster industry outlook.
 

Prominent companies operating in the automotive digital instrument cluster industry include Panasonic, IC Group, Nippon Seiki, Nvidia Corp., Visteon Corp., Denso Corp., Continental AG, Alpine Electronics AG and Sharp Corp. among others.


Frequently Asked Questions (FAQ) :

Growing inclination towards using large display in automobiles is a major factor driving the automotive digital instrument cluster industry growth. Large-sized displays can cover numerous electronic features such as communication, media, speed, system alerts and map & navigation features as compared to analog clusters. Surging need for electric & luxury vehicles coupled with introduction of multi-layered display technology are aiding industry expansion. Automotive digital instrument clusters also have low production costs and offer several benefits. Given to this, several OEMs are now focusing on integrating key driving information in the digital clusters. These systems offer better reading capabilities and various vehicle diagnostic functions as compared to analog clusters. Therefore, automakers are now introducing such systems while manufacturing their new vehicle segments which would in turn contributing to the growth of global automotive digital instrument cluster market.
According to the research study, the global automotive digital instrument cluster market is expected to cross USD 7 billion by the year 2025.
The report cites that North America automotive digital instrument cluster market will register considerable growth owing to surging demand for luxury vehicles, especially in Canada and the U.S. On the other hand, Mexico market is projected to dominate the automotive digital instrument cluster industry. Whereas rising adoption rates of electric vehicles in China may contributing to the worldwide growth of the automotive digital instrument cluster industry outlook.
Prominent companies operating in the automotive digital instrument cluster industry include Panasonic, IC Group, Nippon Seiki, Nvidia Corp., Visteon Corp., Denso Corp., Continental AG, Alpine Electronics AG and Sharp Corp. among others.