LONDON, October 12, 2022 /PRNewswire/ — Automotive Digital Instrument Cluster Market Valued at $5.52 billion in 2021 and is expected to reach $16.46 billion by 2028 at a CAGR of 16.91% over the forecast period.
The global automotive digital instrument cluster market is set to rise globally and continue the market growth over the past few years. The reason for this is the industry shipments around the world over the past few years. The digital dashboard is the screen used to guide the driver with the exact information of the vehicles functions and settings which can be seen in a visually comfortable form. With this system, consumers can understand all vehicle functions at a glance.
An automotive digital dashboard is an immediate data source for the driver, providing critical information about the condition of the vehicle. It contains the speedometer, lighting, pointers, fuel gauge, warning indicators and the electronic control unit. Additionally, the instrument cluster offers advanced technologies such as 2D and 3D graphics to better display more complex data. Therefore, the digital instrument cluster provides basic information such as speed, mileage, temperature, fuel level, warning lights and warnings. These also included additional information systems such as radio, trip computer, internet, navigation and driver assistance system. Digital instrument clusters help combine various information and bring it back into the driver’s primary range of vision. It allows OEMs to include a new information display with manageable changes unlike the early days when the entire dashboard had to be replaced for even minor changes.
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Automotive Digital Instrument Cluster Market Key Players-
- Alpine electronics
- Electric Mitsubishi
- Japan Seiki
The major development of smart vehicle technologies with the increased demand for premium vehicles and intense competition among manufacturers is a major factor in the expansion of the industry. These are digital systems that will replace analog instrument cluster systems in the coming years due to increased visibility, better user interactivity features and larger screens.
It is an industry that is going to see a huge trend of expansion due to increased implementation in luxury and high end cars. Most vehicles today include instrument cluster systems due to lower costs and wider availability in regions. However, the advanced interactivity between users and the customizable features as well as the control of driver assistance functions offered by the solutions are huge factors supporting the industry in the prospects for expansion.
There is growth in electrification and digitalization of newly developed luxury and passenger vehicles and is driving the automotive digital dashboard market and its growth. The demand has been attributed to the integration of full reconfigurable clusters into luxury vehicles due to safety and customizable features. Cluster manufacturers have developed solutions with larger screens due to customer demands as well as the trend towards digitalization of vehicles.
Advanced solutions also include enhanced displays and graphics, providing the best information to drivers and others. Additionally, there are changes in vehicle design as well as interiors to provide better information to all drivers. Additionally, the change in vehicle and interior design to provide an all-around better user experience for the automotive industry everywhere.
The European automotive market is also set to experience higher growth due to increased consumption and production of luxury vehicles and premium vehicles. These are solutions that are offered to improve safety, driving comfort, convenience and increased consumer demand in Europe. Another reason here is the fact that there are many companies here in the world such as BMW, Audi and some other companies. This is where the region will grow given how easy it is for businesses to sell and produce in this region. The market will continue to grow after the coronavirus setback.
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Global Automotive Digital Instrument Cluster Market Segmentations:-
The global Automotive Digital Instrument Clusters market report is segmented on the basis of product type, application, regional and country level. On the basis of product type, the global automotive digital dashboard market is categorized as analog dashboard, hybrid dashboard, and digital dashboard. Based on application, the global automotive digital dashboard market is categorized into passenger vehicles and commercial vehicles.
By product type:
- Analog instrument cluster
- Hybrid instrument cluster
- Digital instrument cluster
- Passenger vehicles
- Commercial vehicles
Global Automotive Digital Instrument Cluster Market Regional Analysis–
North America is expected to dominate the global automotive digital instrument cluster market with the highest market share in terms of profit in the overall automotive digital instrument cluster market. The United States is expected to show healthy growth in the automotive instrument cluster market owing to the presence of a large number of automotive manufacturers having their base in this region. According to Indian Presentation of Durable Consumer Goods (IBEF); in 2016, United States total domestic vehicle miles (VMT) increased 3.3% to 1.58 trillion miles from its value of 1.54 trillion miles, this was 30 vehicle models plug-in electric vehicles (PEV) and 37 hybrid electric vehicle (HEV) models available in United States as well as several other car manufacturers have announced their intention to offer all electric vehicles by 2020. The digital dashboard offers better control and visibility of all possible vehicle parameters, thanks to which it is the ideal driving aid for long journeys.
Asia Pacific The region is expected to witness the fastest growth in the global automotive digital instrument cluster market. China, Indiaand Japan are the major economies in this regional market which are expected to grow at a faster rate in the global market owing to rising automobile sales in India and China will drive the demand for automotive instrument cluster in the region. Additionally, the growing awareness of safety devices will also have a significant impact on the automotive instrument cluster market in this region.
The Special Requirement Automotive Digital Instrument Cluster Market report is also available for the region below:
- Germany, FranceUK, Italy, Spain, SwedenNetherlands, Turkey, Swiss, BelgiumRest of Europe
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, IndonesiaRest of APAC
- Mexico, Colombia, Brazil, Argentina, PeruRest of Latin America
Middle East and Africa
- Saudi ArabiaWATER, Egypt, South AfricaRest of MEA
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