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Automotive Digital Instrument Cluster Market Research Report - Industry Insights by Display Type, Display Size, Car, Car Price, Technology and Geography
Automotive Digital Instrument Cluster Market
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Industry trends indicate that by 2030, majority of the cars will have vehicle-to-infrastructure connectivity and vehicle-to-vehicle connectivity that will ensure better road and passenger safety. Digital instrument cluster improves safety by reducing distraction while driving, and displays safety-critical driver information centrally in the driver’s primary viewing range.
Insights into market segments
On the basis of display size, the market is segmented into 5-8 inch, 9-11 inch, and more than 12 inch categories. The screen size between 9-11 inches has been leading the automotive digital instrument cluster market in terms of share; however, more than 12 inch displays are expected to be the fastest growing category during the forecast period.
On the basis of car, the automotive digital instrument cluster market has been categorized into conventional and electric. The conventional car category (that uses only ICE engine) has been accounting for a larger share in the digital instrument cluster market, mainly due to greater sales of these cars than electric cars.
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On the basis of technology, the automotive digital instrument cluster market has been categorized into AI based and non-AI based instrument clusters. AI based digital instrument clusters have been accounting for higher sales till now, due to growing penetration of AI based features in premium cares, such as head-up displays and smart parking.
Europe reigns as the largest automotive digital instrument cluster market
Globally, Europe has been sealing the largest share in the market, with an estimated revenue contribution of more than 40.0% in 2017. The sales of these instrument clusters are dependent on the sales of premium and electric cars, as these cars are generally installed with digital instrument clusters. Europe accounts for the largest share of premium car sales in the world, which only reinforces the high sales of automotive digital instrument clusters in the region.
The share of Asia-Pacific in the global digital instrument cluster sales has been low till now, as the number of premium cars sold in the region is still less compared to Europe and North America.
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Competitive Landscape
The global automotive digital instrument cluster market is characterized by the dominance of international players such as Continental AG and Visteon Corporation, which have technological expertise in software and hardware for building digital instrument clusters.
Some of the other major players in the automotive digital instrument cluster market include Magneti Marelli S.p.A, Robert Bosch GmbH, Delphi Automotive PLC, DENSO Corporation, Yazaki Corporation, Nippon Seiki Co. Ltd., NVIDIA Corporation, Panasonic Corporation, and Intel Corporation.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
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