Global Automotive Digital Instrument Cluster Market – Analysis and Forecast (2021-2027)

Industry Insights by Display Type (Liquid Crystal Display, Organic Light Emitting Diode, and Thin Film Transistor-Liquid Crystal Display), by Display Size (5–8 Inch, 9–11 Inch and >12 Inch), by Vehicle Type (Passenger Car and Commercial Vehicle), Embedded Technology (AI Based: Digital Instrument Cluster, and Non-AI-Based: Digital Instrument Cluster), and Electric Vehicle (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle and Hybrid Electric Vehicle)

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 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.

Market Segmentation

Insight by Display Type

On the basis of 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, 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

On the basis of display size, the automotive digital instrument cluster market is subdivided into 5–8 inch, 9–11 inches and >12 inches. Of all display size, 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

On the basis of vehicle type, the market is subdivided into the passenger car and commercial vehicle. Among the all vehicle type, 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

On the basis of embedded technology, the market is subdivided into AI-based: digital instrument cluster and non-AI-based: digital instrument cluster. Among both embedded technology, the non-AI-based: digital instrument cluster accounted for the largest share in the market.

Insight by Electric Vehicle

On the basis of the electric vehicle, the market is subdivided into battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), fuel cell electric vehicle (FCEV) and hybrid electric vehicle (HEV). Among the electric vehicles, battery electric vehicle (BEV) accounted 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.

Industry Dynamics

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.