Press release
Automotive Digital Instrument Cluster Market Share, Strategies, Emerging Technologies, Growth Rate Analysis, Trends and Forecast
Liquid Crystal Display (LCD)
Organic Light Emitting Diode (OLED)
Thin-Film Transistor LCD (TFT-LCD)
Market Segmentation by Display Size
5-8 inch
9-11 inch
More than 12 inches (>12 inch)
Market Segmentation by Car
Conventional
Electric
Hybrid Electric Vehicle (HEV)
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Market Segmentation by Car Price
Premium
Medium
Market Segmentation by Technology
Artificial intelligence (AI)
Non-AI
The global automotive digital instrument cluster market size is projected to reach $6,590.2 million by 2023, according to P&S Intelligence.
The market growth is mainly driven by increasing sales of premium and electric cars. In addition, the growing penetration of in-vehicle safety features is expected to boost the market growth during the forecast period.
Browse report overview with 153 tables and 60 figures spread through 183 pages and detailed TOC on "Automotive Digital Instrument Cluster Market by Display Type (TFT-LCD, LCD, OLED), by Display Size (5-8 inch, 9-11 inch, >12 inch), by Car (Conventional, Electric [HEV, BEV, PHEV]), by Car Price (Premium, Medium), by Technology (AI, Non-AI), by Geography (U.S., Canada, China, Japan, South Korea, India, Germany, U.K., Italy, France, Russia, Brazil) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at:https://www.psmarketresearch.com/market-analysis/automotive-digital-instrument-cluster-market
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.
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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. However, the region is the largest electric car market in the world, which is projected to benefit the sales of digital instrument clusters in the region, in the coming years. Moreover, the growing sales of premium cars will also benefit the region’s automotive digital instrument cluster market during the forecast period. Apart from this, economic growth, increasing income levels, and rising government support for electric cars are expected to give impetus to the Asia-Pacific market, in the years to come.
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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 Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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