Automotive Instrument Cluster Market Growth to Boost The Demand for Safety Solutions |Arizton

The introduction of clusters that stores information from multiple sensors in the vehicle and displays them on the centralized panel for the driver is propelling the growth of the global automotive instrument cluster market.

The instrument cluster shows vehicle status data such as speed of the vehicle, engine rpm, transmission data, fuel levels, trip data, seat-belt indicator, door status, and several warning/check indicators.

According to a recent market research report on Global Automotive Instrument Cluster Market, the hybrid and digital clusters are gaining immense popularity in the global market.

Arizton's report states that , the introduction of programmable clusters that allow the driver to choose among the multiple skins, animations, and 2D or 3D graphics will transform the automotive industry.

The automotive instrument cluster market is estimated to reach values of approximately $12 billion by 2023, growing at CAGR of around 9% during 2018-2023.

View Report: Automotive Instrument Cluster Market – Global Outlook and Forecast 2018-2023
https://www.arizton.com/market-reports/automotive-instrument-cluster-market

Innovative Solutions to Increase Sales of Instrument Cluster

The growing applications for semiconductors in the global market are hybrid and electric vehicles, advanced driver assistance systems (ADAS), infotainment systems, and telematics. The rapid electrification in the automotive industry is augmenting the demand for advanced automotive instrument cluster in the world market. The growing trend of implementing digital design solutions will create new opportunities for leading vendors in the global market. The leading manufacturers are focusing on enhancing and making improvements in the design and aesthetics of the clusters available in the market to attract new consumers.

Recently, Visteon introduced SmartCore, cockpit domain controller to operates a vehicle’s instrument cluster along with the infotainment units. In April 2017, Visteon won the contract to supply this technology to the second-largest Chinese automaker Dongfeng Motor. Additionally, top vendors are engaged in introducing virtual cockpits. Audi, in 2016, debuted one of the first ever virtual cockpits that combined instrument cluster and infotainment units.

Read: Global Automotive Instrument Cluster Market to Worth $12 Billion by 2023
https://www.arizton.com/news/press-release/global-automotive-instrument-cluster-market-size

Safety Solutions such as ADAS Gains Popularity in the Market

In the recent years, the automotive industries have witnessed dynamic changes and introduction of innovative solutions especially in the area of cockpit electronics and advanced technologies such as advanced driver assistance systems (ADAS). Focus on vehicular safety is propelling the implementation of ADAS systems with varied functionality like TPMS, PAS, ACC, BSD, NVS, LDWS, and others. The introduction of these technologies will propel the growth of the automotive instrument cluster market. These functions have already been commercialized and implemented in high-end luxury vehicles. OEMs are actively investing in the efficient manufacturing process and exploring means to reduce the cost of these technologies such that they can be available for the mass mid-segment vehicles. With the increased emphasis on automotive safety, both by government regulatory bodies and end-users, the demand for ADAS systems is expected to increase during the forecast period.

Read: Automotive Instrument Cluster Market in APAC to Worth $4 Billion by 2023
https://www.arizton.com/news/press-release/automotive-instrument-clusters-market-share-apac

Demand for Instrument Cluster in Connected and Hybrid Cars

The increasing focus on technologies which are primarily involved in developing the car’s ability to connect with the other vehicles and devices to enhance the driving experience is gaining immense traction in the global market. To achieve this, mobile operators and automakers collaborate to deploy network technologies that support widespread, high-bandwidth connectivity and enable remote management of the vehicle with the SIM card. Thereby a connected vehicle ensures optimizing the operation and maintenance of the vehicle as well as enhancing the convenience and comfort of passengers. The use of integrated circuits to establish a connection and communicate with other devices and the interconnectedness between systems will drive the demand for instrument cluster in the global market. The establishment of stricter fuel economy and safety regulations is resulting in the development of connected and hybrid cars in the global market. The hybrid car’s market is seeing steady growth globally which shows the increasing demand for such automobiles and the reduction in the total cost of ownership of hybrid cars is fueling this growth.

The leading vendors in the automotive instrument cluster market are Continental AG, Denso, Magneti Marelli, Nippon Seiki, and Visteon Corporation.

Order a report for the detailed analysis: https://www.arizton.com/market-reports/automotive-instrument-cluster-market

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