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Global Automotive Digital Instrument Cluster Market – Analysis and Forecast (2018-2024)

The automotive digital instrument cluster is a digital panel presentation set of parameters such as engine ROM, fuel gauge, vehicle speed, etc.

The automotive digital instrument cluster is a digital panel presentation set of parameters such as engine ROM, fuel gauge, vehicle speed, etc. The global automotive digital instrument cluster market is growing at a significant rate, due to intensifying requirement for luxury vehicles, and the mounting need for innovative cluster technology by OEMs. The market has witnessed high growth for >12 inch in the coming years due to mounting need for a larger display, mounting requirement for vehicle aesthetics and the mounting number of features in a digital instrument cluster.

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Industry Trends

The mounting inclination for superior graphics preference and the mounting need for large-sized display instrument cluster are the trends in the automotive digital instrument cluster market.

Growth Drivers

The increasing need for electric vehicles, intensifying requirement for luxury vehicles, the mounting need for innovative cluster technology by OEMs, mounting diffusion of in-vehicle safety features, adoption of multi-layer display technology and penetrating competition between instrument cluster manufacturers are the primary growth drivers for automotive digital instrument cluster market.

The mounting recognition of semi-autonomous and autonomous vehicle technology, the increasing requirement for reconfigurable instrument clusters, mounting disposable income and usage of aluminum parts to create digital instrument clusters are also facilitating the growth for the automotive digital instrument cluster market.

Challenges

Cyber threats and technical challenges are the major challenges for the growth of the automotive digital instrument cluster market.

Industry Ecosystem

Globally industry players are leveraging market growth by launching new products. In the coming years, industry leaders are anticipated to significantly lower the cost of these vehicles and enhance the performance of these vehicles leading to adoption by masses.

Geographic Overview

Geographically, Europe is the largest automotive digital instrument cluster market due to the elevated proportion of passenger vehicles in the entire vehicle production and increasing requirement for luxury vehicles and electric vehicles. In addition, elevated manufacture capability of luxury vehicles, elevated income level and demand-supply stability of digital instrument cluster market are also creating ample opportunities for the European automotive digital instrument cluster market.

Competitive Insight

Key players in the automotive digital instrument cluster market are catering the demand by collaborating with small players and investing in technologically advanced automotive digital instrument across the globe. In February 2018, NVIDIA partnered with Continental, to create AI self-driving vehicle systems constructed on the NVIDIA DRIVE platform and have the planned market introduction of the vehicle in 2021. Robert Bosch GmbH, DENSO Corporation, Continental AG, Visteon Corporation, Panasonic Corporation, NVIDIA Corporation, Delphi Automotive Plc., Nippon Seiki Co. Ltd., Yazaki Corporation, Magneti Marelli S.p.A and Spark Minda are the key players offering automotive digital instrument cluster.

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