Press release
Automotive Instrument Cluster Market Current and Future Plans 2025
Infotainment is the new buzzword associated with the automotive market, wherein the functionalities of both in-car entertainment and information pertaining to the status of the vehicle are amalgamated and displayed via a common display. This has led to increased digitization of automotive instrument cluster and this factor coupled with increased wireless capabilities is anticipated to boost the market in the forecast period.
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With the advent of electronics in automotive, the vehicle dashboard now is not just a dashboard, each and every operation in a vehicle is sensed and displayed in analog or digital form with the use of actuators thus providing immediate and real time information about the condition of the vehicle to its users. Reason for raising demand of automotive instrument cluster is the continual technological advancement in the automotive technologies.
Growing trend of digitalized and hybrid cluster also play a prominent part in boosting up demand of automotive instrument cluster market. Luxurious car makers such as Aston Martin, Audi, Buick Limited, Ferrari and others have launched vehicles with digitalized cluster, now these clusters are an integral part of luxury vehicles. With the advent of fully digital displays, dashboards has reached a new level by being able to take into account the driving situation and by enhancing the user experience. These factors hike the demand for automotive instrument cluster.
From a macro-economic perspective the changing consumer lifestyle further supplemented by rising income levels in prominent regions is anticipated to drive demand for vehicles with advanced safety and infotainment features. Thus the market is foreseen to witness moderate growth in demand.
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Some of restraints associated with the automotive instrument cluster market is high cost of the product owing to the shift of analog to digital consoles witnessed in the market. High cost associated with the internal components such as integrated circuits, power systems and among others contribute heavily to its cost thereby restraining the market to its fullest potential. The challenges associated with the automotive instrument cluster market also includes the threat of cyber-attacks from external sources which can cause loss of control of the vehicle due to digitization of such systems
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