Digital Instrument Cluster Market In Automotive - 2019 Global Industry Growth Factors, Size, Segments, Share, Opportunities, And Regional Forecast To 2023

Automotive Digital Instrument Cluster Market is anticipated to experience 20% CAGR by 2023 owing to rising demand of high-end passenger cars. One of the major factors driving the market are the fatigued drivers who get confused with the readings displayed on the analog systems.

Automotive Digital Instrument Cluster Market is anticipated to experience 20% CAGR during the forecast period (2019-2023) owing to rising demand of high-end passenger cars, asserts Market Research Future (MRFR). Automotive Digital Instrument Cluster Market Information 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.

Competitive Dashboard:

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.).

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The electronic display or the digital display cluster in an automobile is a digital panel showing a set of parameters like the vehicle speed, the engine rpm, the fuel capacity and the utilized fuel from the fuel tank. The basic purpose of such an electronic consolidated panel (automotive digital instrument cluster system) is to provide the driver with precise information about the vehicle functionality related parameters in a visually comfortable format. The basic need of such a system arises from the consumer wanting to have an understanding of the entire vehicle and its functioning at a single glance. The analog instrument cluster systems of the earlier times were often misleading and confusing since the margin for error in their functioning was quite high. The driver while riding the vehicle gets limited time to glance at the analog instrument reading panel and process the information. The digital system provides simple and easily comprehensible information, making the overall 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.

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.

On the basis of the display size, the most commonly used display seze is the ‘9-11 inch’ type. Due to the optimum size and low cost of production, this particular size variety is in large demand and will continue to do so for the foreseeable future. Of the display types, the ‘TFT-LCD’ type is in great demand. The superior display clarity and relative low cost of production (in cases of bulk production) makes it the largest segment in the market.

On the basis of the type of fuel used, all five types (petrol, diesel, BEV, PHEV, and HEV) will see an upward trend in shifting to the digital cluster system. This is due to the simplicity and user-friendly design of the digital instrument cluster system.

Regional Insights:

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.

Industry Updates:

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 report for Global Automotive Digital Instrument Cluster Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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