Press release
Digital Instrument Cluster Market Top Key Players - Continental AG , Denso Corporation, Visteon, Bosch , Magneti Marelli, Nippon Seiki, Pricol, Mentor Graphics, Qualcomm, Delphi
The function of the instrument cluster is to provide the driver with up-to-date information while driving. Sensors provide information about speed, distance, heat and fuel. The lights provide warnings and updates, such as the check engine light and the low fuel light. Different warnings are available for different vehicles.
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DIGITAL INSTRUMENT CLUSTER MARKET DYNAMICS
With the advent of electronics in the automotive industry, different vehicle actuations are recognized and displayed in analog or digital format using actuators, which improves the user experience by providing the user with instant and real-time information about the condition of the vehicle.
The continuous technological advances in automotive technology and the increasing trend towards digital and hybrid clusters play an important role in increasing demand in the automotive cluster market. Luxury car manufacturers such as Aston Martin, Audi, Buick Limited, Ferrari, etc. have launched cars with digitized clusters, and these clusters are now an integral part of luxury cars.
From a macroeconomic perspective, changes in consumer lifestyles and rising incomes in key regions are expected to drive demand for vehicles with advanced safety and infotainment features. Therefore, a modest increase in market demand is expected.
DIGITAL INSTRUMENT CLUSTER MARKET SEGMENTATION
Digital Instrument Cluster Market By OEM
• GM
• Toyota
• Hyundai-KIA
• Renault-Nissan
• Honda
• VW
• BMW
• Audi
• Daimler
• 20 other OEMs
Digital Instrument Cluster Market By Vehicle Type
• Passenger Cars
• Commercial Vehicles
• Two Wheelers
Digital Instrument Cluster Market By Geography
• US
• Europe
• China
• Japan
• India
• Latin America
• ROW
DIGITAL INSTRUMENT CLUSTER MARKET COMPETITIVE LANDSCAPE
Visteon Corporation's second quarter net sales were $610 million, up 59% year over year. During the same period, overall industrial production increased 49%, while Visteon's key customer production increased 55%. The company's sales figures increased by 4% relative to customer output. Record gross profit was $35 million and net loss attributable to Visteon was $11 million.
Qualcomm Incorporated announced the results for its third quarter ended June 2021. In addition to leading the 5G transition, the company is on pace to deliver $10 billion of annual revenues across RF front-end, IoT and Automotive as their business continues to diversify. The reports suggested a growth of 65% as compared to the same results of 2020.
DIGITAL INSTRUMENT CLUSTER MARKET COMPANY PROFILE
• Continental AG
• Denso Corporation
• Visteon
• Bosch
• Magneti Marelli
• Nippon Seiki
• Pricol
• Mentor Graphics
• Qualcomm
• Delphi
Read More Information: https://mobilityforesights.com/product/digital-instrument-cluster-market/
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We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.
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