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What's Driving the Automotive Digital Instrument Cluster Market Trends? Top Manufacturers Are Continental, Nvidia, Robert Bosch GmbH, Nippon Seiki, Visteon, IAC Group, Panasonic, Magneti Marelli S.p.A., Denso, ID4Motion

03-23-2020 08:20 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Automotive Digital Instrument Cluster market

Automotive Digital Instrument Cluster market

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.

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.

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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 market 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 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.

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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.

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