All-Digital Automotive Instrument Cluster Market Analysis & Forecast 2024-2030

Global All-Digital Automotive Instrument Cluster Market is expected to reach USD 18358.31 million by 2030 with CAGR of 18.1% between 2024 and 2030

A clear display of information is necessary while driving to ensure a safe and comfortable ride. The digital instrument cluster offers attractive and precise information to alert the driver while driving. The instrument cluster combines various information from different parts of the vehicle and displays in front of the driver. Digital instrument clusters are available in a wide range of cars, from entry levels to premium models. The digital instrument cluster provides basic information such as speed, mileage covered, temperature, fuel level, tell-tales, and warnings. It also includes additional information systems such as radio, on board computer, internet, navigation, and driver assistance system.  

Increasing demand for premium and electric vehicles, rising demand for sporty digital cluster instrument from OEMs as well as from consumers, and high rate of adoption of multi-layer display technology owing to its 3D graphics experience are likely to boost the digital instrument cluster market during the forecast period. Furthermore, development of superior and attractive graphic display is likely to drive the demand for digital instrument cluster during the forecast period. 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 analogue 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 for automotive digital 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 for automotive digital 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 have 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 digital 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. Some of restraints related with the automotive digital instrument cluster market is high cost of the product due to the shift of analogue 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 digital 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  

By display type, the Automotive Instrument Cluster market can be segmented into LCD, OLED, and TFT-LCD. The market is witnessing an evolution from analogue instrument clusters to LCD and thin-film transistor-based (TFT) clusters. TFT-based display offers an enhanced graphical interface and a host of digital information. Rise in utilization of relevant content such as drive mode, parking view, and navigation is anticipated to boost the demand for TFT LCD instrument clusters during the forecast period. Models such as Nissan Samsung SM6, Volkswagen Golf, and Range Rover among others are installed with a 9-11 inch or >12 inch TFT-LCD.  

By display size, the Automotive Instrument Cluster market can be categorized into 5–8 inch, 9–11 inch and >12 inch. The 9-11-inch digital instrument cluster is estimated to be the biggest and fastest growing market for all-digital instrument cluster during the forecast period, however, more than 12 inch displays are expected to be the fastest growing category during the forecast period. North America is estimated to register the highest growth for the 9-11-inch digital instrument cluster market. The market for 9-11 inch display size is greater than 5-8 inch due to the rising addition of new features in digital instrument cluster, increase in demand for bigger display, rising demand by OEMs and end-users, and demand for vehicle aesthetics.  

As per application side, the Automotive Instrument Cluster market can be segregated into Passenger Vehicles, Commercial Vehicles and Electric Vehicles. The passenger vehicle segment can be further sub-segmented into hatchback, SUV and sedan. Expansion of the SUV market across the globe is a major reason for expansion of the passenger vehicle segment, which in turn is positively impacting the digital instrument cluster market for automotive. Rise in adoption rate of electric vehicles and integration of new technologies in electric vehicles are likely to propel the demand for digital instrument during the forecast period.  

In terms of region, the North American region consists of the U.S. and Canada. Latin America region consists of Mexico and Brazil. From the perspective of the North American region, the U.S. is estimated to display a strong growth in the automotive all-digital instrument cluster market, owing to its foothold in the automotive industry with large number of automobile manufacturers having their base in the country. The market in the Latin America region is exhibited to show a slow but steady growth due to decline in automotive industry in the region; Brazil, but is anticipated to pick up steam in the later stages of the forecast period.  

The United States automotive all-digital instrument cluster market is split by the dominance of international players such as Continental AG and Visteon Corporation, which have technological expertise in software and hardware for building digital instrument clusters. As software is a critical component for digital instrument cluster, many established players are collaborating with software companies to gain a competitive advantage in the market. Some of the other major players in the automotive digital instrument cluster market include Magneti Marelli S.p.A, Robert Bosch GmbH, Delphi Automotive PLC, DENSO Corporation, Yazaki Corporation, Nippon Seiki Co. Ltd., NVIDIA Corporation, Panasonic Corporation, and Intel Corporation.  

Automotive Instrument Cluster Market: Product Type

• LCD
• OLED
• TFT-LCD

Automotive Instrument Cluster Market: Application

• Passenger Cars
• Commercial Vehicles
• Electrical Vehicles

Automotive Instrument Cluster Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Automotive Instrument Cluster Market:

• Magneti Marelli S.p.A.
• Robert Bosch GmbH
• Delphi Automotive PLC
• DENSO Corporation
• Yazaki Corporation
• Nippon Seiki Co. Ltd.
• NVIDIA Corporation
• Panasonic Corporation
• Intel Corporation

Geographical analysis of Automotive Instrument Cluster Market:

• North America
  • U.S.A.
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global All-Digital Automotive Instrument Cluster Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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