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Why Automotive Digital Instrument Cluster Market are Booming So Rapidly? Industry in-Depth Analysis with Growing Trends || Continental, NVIDIA, Bosch, Nippon Seiki (Europe) B.V., Visteon Corporation, IAC Group, Panasonic, Magneti Marelli, Denso, Pricol Li
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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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.
12 inch display segment is anticipated to witness over 24% CAGR between 2019-2025. OLED is estimated to gain a high demand among new vehicle display panels as it is extensively used to produce flexible, slim and light displays. Manufacturers are widely utilizing these displays for several vehicle applications such as navigation, internal & external lightening, head-up display, and instrument cluster.
Due to advanced features, car manufacturers are widely adopting OLED as an advanced automotive lighting component which will further stimulate automotive digital instrument cluster market trends. In 2018, LG Display had collaborated with Cadillac, Mercedes, and Tesla for the development of FHD 12.3" curved plastic-based flexible OLEDs. OLED provides new possibilities in lamp and luminaire designs and as panel radiators, they are apt for use as taillight, signal light, or even interior lighting.
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.
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Asia Pacific automotive digital instrument cluster market size is increasing rapidly due to the strong vehicle and component manufacturing sector in emerging economies like Japan, China, and South Korea. Most of the regional governments have been instigating a supportive regulatory framework to enhance the deployment of the digital instrument cluster in automobiles that will fuel the product demand in coming years.
Table of Contents (ToC) of the report:
Chapter 4. Automotive Digital Instrument Cluster Market, By Display Type (Revenue, Shipment)
4.1. Key trends by display type
4.2. LCD
4.2.1. Market estimates and forecast, 2015 - 2025
4.3. TFT-LCD
4.3.1. Market estimates and forecast, 2015 - 2025
4.4. OLED
4.4.1. Market estimates and forecast, 2015 - 2025
Chapter 5. Automotive Digital Instrument Cluster Market, By Display Size (Revenue, Shipment)
5.1. Key trends by display size
5.2. 5-8-inch
5.2.1. Market estimates and forecast, 2015 - 2025
5.3. 9-11-inch
5.3.1. Market estimates and forecast, 2015 - 2025
5.4. >12-inch
5.4.1. Market estimates and forecast, 2015 - 2025
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/automotive-digital-instrument-cluster-market
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