Automotive Digital Instrument Cluster Market

Industry Overview

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 significantly due to intensifying requirements for luxury vehicles and the mounting need for innovative cluster technology by OEMs. The market has witnessed high growth for >12 inches in the coming years due to the mounting need for a larger display, the mounting requirement for vehicle aesthetics, and the mounting number of features in a digital instrument cluster.

Market Segmentation

Insight by Display Type

Based on display type, the automotive digital instrument cluster market is subdivided into liquid crystal display (LCD), organic light-emitting diode (OLED), and thin-film transistor-liquid crystal display (TFT-LCD). Of all display types, the TFT-LCD segment holds the largest share in the market due to the mounting demand for high-contrast displays, superior display clarity, and low cost of production.

Insight by Display Size

Based on display size, the automotive digital instrument cluster market is subdivided into 5–8 inches, 9–11 inches, and >12 inches. Of all display sizes, the >12 inch is expected to grow at the fastest rate in the market due to the mounting need for a larger display, mounting requirement for vehicle aesthetics, and the mounting number of features in a digital instrument cluster. In addition, the 9–11 inch segment accounted for the largest share in the market due to the mounting need for aesthetics and advanced features, optimum size, and low cost of production.

Insight by Vehicle Type

Based on vehicle type, the market is subdivided into passenger cars and commercial vehicles. Among all vehicle types, the passenger cars accounted for the largest share in the automotive digital instrument cluster market due to elevated production and sales of the passenger car.

Insight by Embedded Technology

Based on embedded technology, the market is subdivided into AI-based: digital instrument clusters and non-AI-based: digital instrument clusters. Among both embedded technologies, the non-AI-based: digital instrument cluster accounted for the largest share of the market.

Insight by Electric Vehicle

Based on the electric vehicle, the market is subdivided into battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), fuel cell electric vehicles (FCEV), and hybrid electric vehicles (HEV). Among the electric vehicles, battery electric vehicles (BEV) accounted for the largest share in the automotive digital instrument cluster market due to stringent emission standards, government support, speedy progress in charging infrastructure, and zero-emission advantage.

Global Automotive Digital Instrument Cluster Market Report Coverage

Industry Dynamics

Industry Trends

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

Growth Drivers

The increasing need for electric vehicles, the intensifying requirement for luxury vehicles, the mounting need for innovative cluster technology by OEMs, the mounting diffusion of in-vehicle safety features, the 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 the usage of aluminum parts to create digital instrument clusters are also facilitating the growth of 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 the 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 the increasing requirement for luxury vehicles and electric vehicles. In addition, the elevated manufacturing capability of luxury vehicles, elevated income level, and demand-supply stability of the 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 to the demand by collaborating with small players and investing in technologically advanced automotive digital instruments 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 clusters.