According to the latest report " Automotive Digital Instrument Cluster Market by Display Size (5-8 inch, 9-11 inch, >12 inch), Display Type (OLED, LCD, TFT-LCD), Type of Fuel used (Petrol, Diesel, BEV, PHEV, HEV), Vehicle Type (Passenger, Commercial), and Region with Forecast To 2023, published by Market Research Future, the Global Automotive Digital Instrument Cluster Market Size To Expand at a Notable CAGR Of 20% During 2019 to 2023. —
Automotive Digital Instrument Cluster Market Highlights:
Some of the key players in the 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.
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Digital Instrument Cluster Market For Automotive Drivers and Restraints:
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 analogy 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 precision 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.
Global Digital Instrument Cluster Market For Automotive Segments 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 design of the digital instrument cluster system.
Global Automotive Digital Instrument Cluster Market Regional Analysis:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The North America market (especially U.S. and Canada), has seen a consistent rise in the number of automobiles plying on the road. Owing to mediocre public transport system, the customers here prefer personal vehicles for carrying out their daily activities. The digital instrument cluster provides greater control and better visibility of all the possible vehicle parameters, due to which it is the ideal riding aide for long distance journeys. The Asia Pacific automotive market has always had a strong global presence due to the big global player – Japan. The Japanese technologically advanced cars are always better off with the support of advanced digital instrument cluster, especially with huge sales in India and China. The Europe market has always had a prevalence of high-end cars, which again are better complimented with high tech digital instrument cluster systems.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
LIST OF TABLES:
Table 1 Global Automotive Digital Instrument Cluster Market: By Region, 2017-2023
Table 2 North America Automotive Digital Instrument Cluster Market: By Country, 2017-2023
Table 3 Europe Automotive Digital Instrument Cluster Market: By Country, 2017-2023
Table 4 Asia Pacific Automotive Digital Instrument Cluster Market: By Country, 2017-2023
Table 5 RoW Automotive Digital Instrument Cluster Market: By Country, 2017-2023
Table 6 Global Automotive Digital Instrument Cluster Market, By Display Size, By Regions, 2017-2023
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