To know the impact of COVID-19 On Automotive Digital Instrument Cluster Market Size, By Product Type (Analog Instrument Cluster, Hybrid Instrument Cluster, Digital Instrument Cluster), By Application (Passenger Vehicles, Commercial Vehicles) Forecast 2021 to 2027
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
"Automotive Digital Instrument Cluster Market is valued at USD 2.41 Billion in 2019 and expected to reach USD 9.05 Billion by 2026 with the CAGR of 20.8% over the forecast period"
Global Automotive Digital Instrument Cluster Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027– 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 Automotive Digital Instrument Cluster Market over the forecast period.
Scope of Global Automotive Digital Instrument Cluster Market Report–
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. The digital instrument clusters 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 report is segmented on the basis of product type, application, and region & country level. Based on product type, global automotive digital instrument cluster market is classified as the analog instrument cluster, hybrid instrument cluster and digital instrument cluster. Based upon application, global automotive digital instrument cluster market is classified into passenger vehicles and commercial vehicles.
The regions covered in this automotive digital instrument cluster market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of automotive digital instrument cluster 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-
Some major key players for Global Automotive Digital Instrument Cluster Market are Bosch, Delphi, Continental, Sharp, DENSO, Visteon, Alpine Electronics, ID4Motion, Mitsubishi Electric, Nippon Seiki, Luxoft, YAZAKI and others.
Bosch Got the World’s First Curved Instrument Cluster on the Road.
November 14th, 2018; Bosch is putting the world’s first curved instrument cluster in the cockpit of a mass-production vehicle. They have long since arrived in people’s living rooms at home and for the Smartphone is now being put on the road by Bosch as the first of its kind in mass production. These world’s first curved instrument cluster, Bosch is opening up a new dimension in vehicle cockpits says Steffen Berns, president of the Car Multimedia division. The curved instrument cluster will be celebrating its debut in the Innovation Cockpit of the new VW Touareg. This means that Volkswagen is now replacing analog display technology behind the steering wheel with a freely configurable, high-resolution, curved display. Depending on the driver wants to see at any given time, the screen is able to display large-area navigation maps, driver information or the status of the assistance systems. The secret behind the sharpness and contrast of the new displays is a new manufacturing process with the instrument cluster reflects more than four times less light even in the sunlight.
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 digital instrument cluster 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 global digital instrument cluster 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 of automotive digital instrument cluster. The U.S. is anticipated to show a healthy growth in the automotive instrument cluster 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 global automotive digital instrument cluster market. China, India, and Japan are the major economies in this regional market which are anticipated to grow at a faster rate in the global 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 automotive instrument cluster market in this region.
Automotive Digital Instrument Cluster Market Report Coverage
||Market Size in 2019:
||US$ 2.41 Billion
|Market Historical Analysis:
|Forecast Period CAGR %:
||Market Size Expected to reach in 2026:
||US$ 9.05 Billion
||Tables, Charts & Figures:
||Bosch, Delphi, Continental, Sharp, DENSO, Visteon, Alpine Electronics, ID4Motion, Mitsubishi Electric, Nippon Seiki, Luxoft, YAZAKI
||Product Type, Application
||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
Key Benefits for Global Automotive Digital Instrument Cluster Market Report–
- Global Automotive Digital Instrument Cluster Market report covers in depth historical and forecast analysis.
- Global Automotive Digital Instrument Cluster Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global Automotive Digital Instrument Cluster Market report helps to identify opportunities in market place.
- Global Automotive Digital Instrument Cluster Market report covers extensive analysis of emerging trends and competitive landscape.
Global Automotive Digital Instrument Cluster Market Segmentation:–
By Product Type:
- Analog Instrument Cluster
- Hybrid Instrument Cluster
- Digital Instrument Cluster
- Passenger Vehicles
- Commercial Vehicles
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- The Middle East and Africa
- Rest of Middle East and Africa
Frequently Asked Questions (FAQ) :
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Automotive Digital Instrument Cluster Market Size, Growth perspective and Forecast 2027
Automotive Digital Instrument Cluster Market Size, By Product Type (Analog Instrument Cluster, Hybrid Instrument Cluster, Digital Instrument Cluster), By Application (Passenger Vehicles, Commercial Vehicles) Forecast 2021 to 2027
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