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Automotive Digital Instrument Cluster Market Business Overview by Display Type, Industry Demand and Forecast

In 2017, the market generated a revenue of $2,024.6 million, and it is predicted to witness a CAGR of 21.8% during 2018u20132023 (forecast period). Automotive digital cluster is a set of instrumentation, which shows information in the digital form instead of the analog one. It is placed on the dashboard in front of the driver behind the steering wheel, and it displays the map, speed, and navigation prompts.

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Automotive Digital Instrument Cluster Market Business Overview by Display Type, Industry Demand and Forecast

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  1. Automotive Digital Instrument Cluster Market by Display Type, Display Size, Car, Car Price, Growth, and Demand Forecast, 2013–2023

  2. The market growth is mainly driven by increasing sales of premium and electric cars. In addition, the growing penetration of in-vehicle safety features is expected to boost the market growth during the forecast period. The global automotive digital instrument cluster market size is projected to reach $6,590.2 million by 2023. Industry trends indicate that by 2030, majority of the cars will have vehicle-to-infrastructure connectivity and vehicle-to-vehicle connectivity that will ensure better road and passenger safety. Digital instrument cluster improves safety by reducing distraction while driving, and displays safety-critical driver information centrally in the driver’s primary viewing range.

  3. On the basis of display size, the market is segmented into 5-8 inch, 9-11 inch, and more than 12 inch categories. The screen size between 9-11 inches has been leading the automotive digital instrument cluster market in terms of share; however, more than 12 inch displays are expected to be the fastest growing category during the forecast period. Globally, Europe has been sealing the largest share in the market, with an estimated revenue contribution of more than 40.0% in 2017. The sales of these instrument clusters are dependent on the sales of premium and electric cars, as these cars are generally installed with digital instrument clusters.

  4. Some of the other major players in the automotive digital instrument cluster market include Magneti Marelli S.p.A, Robert Bosch GmbH, Delphi Automotive PLC, DENSO Corporation, Yazaki Corporation, Nippon Seiki Co. Ltd., NVIDIA Corporation, Panasonic Corporation, and Intel Corporation. Request to Get the Sample Report@https://www.psmarketresearch.com/market-analysis/automotive-digital-instrument-cluster-market/report-sample

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