Automotive Digital Instrument Cluster Market

Global Automotive Digital Instrument Cluster Market is valued at USD 5.52 Billion in 2021 and expected to reach USD 16.46 Billion by 2028 with the CAGR of 16.91% over the forecast period.

Scope of Global Automotive Digital Instrument Cluster Market

An Automotive Digital Instrument Cluster is an immediate data source for the driver, which gives essential information about the status of the vehicle. This contains speedometer, illumination, pointers, fuel-gauge, warning indicators, and electronic control unit. In addition, the instrument cluster is coming up with advanced technologies like 2D and 3D graphics to display more complex data in a better way. Hence, the digital instrument cluster provides basic information such as speed, mileage covered, temperature, fuel level, telltales, and warnings. These also have includes additional information systems such as radio, on board computer, internet, navigation, and driver assistance system. These help in combining various pieces of information and renders it in the driver’s primary viewing range. It enables OEMs to include new information display with manageable changes unlike the earlier days where the complete dashboard had to be replaced for even minor changes.

Global Automotive Digital Instrument Cluster Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028: Increasing demand for  electric vehicles globally and rising number of R&D activities in the automotive industry are expected to drive the growth Of global market over the forecast period.

Global Automotive Digital Instrument Cluster Market report is segmented on the basis of product type, application, and region & country level. Based on product type, market is classified as the analog , hybrid and digital instrument cluster. Based upon application, global market is classified into passenger vehicles and commercial vehicles.

The regions covered in this automotive digital instrument cluster market 2023 report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the automotive digital instrument cluster market 2023 report is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key Players for Automotive Digital Instrument Cluster Market

Some major players for Global Automotive Digital Instrument Cluster Market are

• Bosch
• Delphi
• Continental
• Sharp
• DENSO
• Visteon
• Alpine Electronics
• ID4Motion
• Mitsubishi Electric
• Nippon Seiki
• Luxoft
• YAZAKI
• Japan Display Inc.
• Innolux Corporation
• NVIDIA Corporation
• HARMAN International
• Marelli Holdings Co.

Global Automotive Digital Instrument Cluster Segmentations

By Product Type

• Analog Instrument Cluster
• Hybrid Instrument Cluster
• Digital Instrument Cluster

By Application:

• Passenger Vehicles
• Commercial Vehicles

By Regional & Country Level:

• North America

  • U.S.
  • Canada

• Europe

  • U.K.
  • France
  • Germany
  • Italy

• Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

• Latin America

  • Brazil
  • Mexico

• Middle East and Africa

  • GCC
  • Africa
  • Rest of Middle East and Africa

Global Automotive Digital Instrument Cluster Market Dynamics

Growing electrification and digitization of newly developed passenger and luxury vehicles is one of the major factors driving the growth of global automotive digital instrument cluster market. This growth is owing to the integration of complete reconfigurable clusters into luxury vehicles owing to customizable and safety features. Currently, the market is primarily driven by the increasing sales of electric vehicles and luxury vehicles globally. Furthermore, increasing demand for safety, convenience and comfort is also expected to supplement the growth of the market. According to the International Energy Agency; the number of electric vehicles on the world’s roads will increase from 3 million to 125 million by 2030. In 2015 the global lithium-ion battery recycling market was worth about 1.7 million euros, but it is expected to boom in the coming years to more than 20 billion Europe.

In addition, the stringent government rules and regulations for vehicle and passenger safety and increasing vehicle production globally are also supplementing the market growth. However, a rise in the price of instrument clusters may hamper the market growth. The automotive industry is undergoing its most significant transformation in recent times, as multiple trends driven by advances in technology are impacting the industry opportunities.

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 profits in overall market. The U.S. is anticipated to show a healthy growth in the market owing to presence of a large number of automobile manufacturers having their base in this region. According to According to Indian Consumer Durables Presentation (IBEF); in 2016, the United States total national vehicle miles traveled (VMT) increased by 3.3 % to 1.58 trillion miles compared to its value 1.54 trillion miles, they were 30 plug-in electric vehicle (PEV) models and 37 hybrid electric vehicle (HEV) models available in the United States and also the several additional automobile manufacturers announced plans to offer all electric vehicles by the 2020. The digital instrument cluster provides greater control and better visibility of all the possible vehicle parameters, due to which it is the ideal riding aide for long distance journeys.

Asia-Pacific region is expected to witness a fastest growth in the market. China, India, and Japan are the major economies in this regional market which are anticipated to grow at a faster rate in the market owing to the rising sales of the automobiles in India and China will drive the demand for automotive instrument cluster in the region. In addition, the growing awareness regarding the safety features will also significantly impact the overall market in this region.

Report Analysis	Details
Historical data	2016 - 2021
Forecast Period	2022 - 2029
Market Size in 2021:	USD 5.52 Billion
Base year considered	2021
Forecast Period CAGR %:	16.91%
Market Size Expected in 2028:	USD 16.46 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	Bosch, Delphi, Continental, Sharp, DENSO, Visteon, Alpine Electronics, ID4Motion, Mitsubishi Electric, Nippon Seiki, Luxoft, YAZAKI , Japan Display Inc.;  Innolux Corporation; NVIDIA Corporation, HARMAN International,  Marelli Holdings Co., Ltd., others.
Segments Covered	By Product, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa