25 Following


Automotive Digital Instrument Cluster Market to grow at 20% CAGR till 2025

According to a report by Global Market Insights, Inc. the automotive digital instrument cluster market share is expected to exceed over $7 billion by 2025. The report also estimates that shipments will register growth of over 22% through 2025.


Automotive digital instrument cluster market trends are witnessing considerable support from burgeoning advancements in the automotive sector and the growing implementation of digitized vehicle components.


These digital clusters are configurable and can be adapted to match user preferences and generate better interactivity by giving users the ability to modify display contents.


Larger display panels in comparison with their analog counterparts provides the incorporation of various digital benefits like speed, map & navigation, alerts from communication systems and media-on-demand updates.


Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4389


Furthermore, major industry players are focusing on the development of innovative infotainment systems, which can be integrated with these clusters, enabling digital information display in a single panel through an SoC (system on chip) platform. These platforms generate superior quality 3D graphics displays in mid-level cars, thereby impelling automotive digital instrument cluster market size.


Reduction in costs of digital and electronic production is facilitating the augmentation of automotive digital instrument clusters. Likewise, proliferating development of enhanced color displays and sophisticated graphic displays present positive growth opportunities for automotive digital instrument cluster industry players to create clusters with larger displays.


Various algorithms in e-cockpits like fisheye detection, occupancy detection, around-view monitoring (360° AVM), Driver Monitoring System (DMS) and rearview monitoring proliferate the demand for large instrument clusters. For example, Visteon Corporation in May 2019 introduced their new cockpit domain controller SmartCore in India, which is used to power hybrid and digital instrument clusters and infotainment systems in the TATA Harrier SUV cars.


The use of OLED in display panels of new vehicles is gaining immense popularity owing to their ability to produce slim, flexible and lightweight displays. OLED displays demonstrate application potential in the production of vehicles including media, navigation, internal & external lighting, head-up display and instrument clusters. An example would be LG Display’s introduction of FHD 12.3” curved plastic-based flexible OLEDs in conjunction with Cadillac, Mercedes and Tesla in 2018.


Furthermore, as the demand for high quality infotainment systems in luxury vehicles continues to rise, manufacturers across the industry are extensively incorporating OLEDs as the preferred choice for sophisticated lighting components in the automobiles, owing to the size and adaptability they offer.


Make an inquiry for purchasing this report @   https://www.gminsights.com/inquiry-before-buying/4389


Key industry players and OEMs in the automotive sector are leveraging larger displays in order to offer users improved vehicle information, provide higher security to drivers and better visuals. The growing popularity of these displays is attributed to the proliferating demand for larger display aesthetics and better features.


The 12-inch display size segment is set to depict a CAGR of over 24% through 2025 across the global automotive digital instrument cluster market landscape. In March 2019, Ford introduced its new 2020 Explorer, which includes a 12.3” digital cluster for efficient vehicle information display. Entry-level, mid-segment and light vehicles, however, will comprise 5-8” displays, thereby cutting down system prices and the general production cost of the vehicle.


The APAC automotive digital instrument cluster market share is witnessing considerable gains as a result of the thriving automotive and component production industries across South Korea, China and Japan. China particularly is experiencing a sizeable surge in the consumption of these systems, owing to the vast implementation of these clusters in the manufacturing of electric vehicles in the region. Facilitated by government backing, heightened public awareness and economical production potential in the region, the China electric vehicle industry is expanding rapidly, in turn fueling industry demand.


Likewise, accelerated growth of the automotive sector is other Asian nations like India, given the improved manufacturing activities, exports and higher passenger vehicle consumption is likely to drive the regional automotive digital instrument cluster market outlook.


Browse key industry insights spread across 170 pages with 203 market data tables and 20 charts & figures from the report, “Automotive Digital Instrument Clusters Market” in detail along with the table of contents:




Glimpse of Table of Content (ToC)


Chapter 3. Automotive Digital Instrument Cluster Insights


3.1. Industry segmentation

3.2. Industry landscape, 2015 - 2025

3.2.1. Global instrument cluster landscape North America Europe Asia Pacific Latin America MEA

3.2.2. Global automotive production statistics North America Europe Asia Pacific Latin America MEA

3.3. Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Manufacturers

3.3.3. System integrators

3.3.4. Technology providers

3.3.5. Distribution channel analysis

3.3.6. Vendor matrix

3.4. Technology & innovation landscape

3.4.1. Morphing instrument panel

3.4.2. Reconfigurable digital instrument cluster

3.5. Regulatory landscape

3.5.1. North America

3.5.2. Europe

3.5.3. Asia Pacific

3.5.4. Latin America

3.5.5. MEA

3.6. Industry impact forces

3.6.1. Growth drivers Increasing demand for luxury vehicles in North America and Europe R&D activities in the automotive industry Increasing sales of electric vehicles globally Proliferation of component manufacturers in Asia Pacific Growing demand for safety and comfort features in vehicles Growing vehicle production activities in South Africa

3.6.2. Industry pitfalls and challenges Easy availability and lower cost of analog cluster Operational issue in fully digitized clusters

3.7. Growth potential analysis

3.8. Porter’s analysis

3.8.1. Industry rivalry

3.8.2. Threat of new entrants

3.8.3. Buyer power

3.8.4. Supplier power

3.8.5. Threat of substitutes

3.9. Competitive landscape, 2018

3.9.1. Company market share analysis

3.9.2. Strategy dashboard

3.10. PESTEL analysis


About Global Market Insights


Global Market Insights, Inc., headquartered in Delaware, U.S., is a global Market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable Market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com

Blog: http://groundalerts.com