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Digital Instrument Cluster Market for Automotive by Display Type (LCD, TFT-LCD, OLED), Display Size (5-8 inch, 9-11 inch

The 9-11 inch digital instrument cluster is estimated to be the largest and fastest growing market for digital instrument cluster during the forecast period. Asia Pacific is estimated to register the highest growth for the 9-11 inch digital instrument cluster market. The market for 9-11 inch display size is larger than 5-8 inch owing to the increasing integration of new features in instrument cluster, rise in demand for bigger display, increasing demand by OEMs and end-users, and demand for vehicle aesthetics.

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Digital Instrument Cluster Market for Automotive by Display Type (LCD, TFT-LCD, OLED), Display Size (5-8 inch, 9-11 inch

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  1. Digital Instrument Cluster Market for Automotive worth 6.60 Billion USD by 2025 The report "Digital Instrument Cluster Market for Automotive by Display Type (LCD, TFT-LCD, OLED), Display Size (5-8 inch, 9-11 inch, >12 inch), Embedded Technology (AI, Non-AI), Electric Vehicle Type, Vehicle Type (PC and CV), and Region - Global Forecast to 2025", The digital instrument cluster market is projected to grow at a CAGR of 19.15% during the forecast period, from USD 1.62 Billion in 2017 to USD 6.60 Billion by 2025. The digital instrument cluster market is primarily driven by the increasing sales of electric vehicles and luxury vehicles globally. Increasing demand for safety, convenience, and comfort is also expected to boost the digital instrument cluster market. Browse 76 market data Tables and 65 Figures spread through 166 Pages and in-depth TOC on "Digital Instrument Cluster Market for Automotive by Display Type (LCD, TFT-LCD, OLED), Display Size (5-8 inch, 9-11 inch, >12 inch), Embedded Technology (AI, Non-AI), Electric Vehicle Type, Vehicle Type (PC and CV), and Region - Global Forecast to 2025" https://www.marketsandmarkets.com/Market-Reports/automotive-digital-instrument-cluster-market- 263218348.html Early buyers will receive 10% customization on reports. The digital instrument cluster market is projected to grow at a CAGR of 19.15% during the forecast period and is estimated to grow from USD 1.62 Billion in 2017 to USD 6.60 Billion by 2025. The key factors driving the digital instrument cluster market are the increasing demand for luxury vehicles and electric vehicles, growing demand for advanced cluster technology by OEMs, and intense competition between manufacturers. The increasing acceptance of semi-autonomous and autonomous vehicle technology and increasing demand for reconfigurable instrument clusters will further boost the demand for digital instrument cluster market. Owing to these factors, there has been a steady increase in the use of a digital instrument cluster, particularly in electric vehicles and luxury vehicles. 9-11-inch display size to be the largest segment of the Digital Instrument Cluster Market owing to the increasing demand for aesthetics and advanced features in the instrument cluster The 9-11 inch digital instrument cluster is estimated to be the largest and fastest growing market for digital instrument cluster during the forecast period. Asia Pacific is estimated to register the highest growth for the 9- 11 inch digital instrument cluster market. The market for 9-11 inch display size is larger than 5-8 inch owing to the increasing integration of new features in instrument cluster, rise in demand for bigger display, increasing demand by OEMs and end-users, and demand for vehicle aesthetics.

  2. Passenger car to be the largest segment in the digital instrument cluster market The passenger car segment is estimated to dominate the digital instrument cluster market during the forecast period. The adoption of advanced technologies continues to be high for passenger cars due to the high production and sales of passenger cars worldwide in comparison to commercial vehicles. In order to cater to the high demand for safety, convenience, and comfort in the passenger car segment, advanced features are needed to be configured in the vehicles. Advanced features such as a multi-camera system and voice recognition system need advanced instrument cluster to project real-time video over the display. Also, OEMs are increasing the adoption of digital instrument cluster in the passenger car segment as a product differentiation strategy. For instance, Volvo’s 2018 SUV model XC 40 will have a 12.3-inch TFT-LCD instrument cluster with information on car functions such as cruise control, trip calculator, and messages. Europe is estimated to be the largest digital instrument cluster market for passenger cars owing to increasing production of luxury passenger vehicles. Battery electric vehicle to be the largest market in the electric vehicle digital instrument cluster market The report classifies the digital instrument cluster market by electric vehicle into BEV, FCEV, HEV, and PHEV. The digital instrument cluster market for battery electric vehicle (BEV) is estimated to be the largest market in the electric vehicle segment. Leading OEMs that are launching the BEV equipped with a digital instrument cluster in the Asia Pacific region are BYD, Nissan Geely, and Zotye. BYD E6, Nissan Note, Emgrand EC7, and Zotye Cloud 100 are some of the top-selling BEV models in the Asia Pacific region that are equipped with a digital instrument cluster. The >12 inch digital instrument cluster is estimated to be the fastest growing segment of the digital instrument cluster market, by display size. The growth of >12 inch digital instrument cluster can be attributed to the increasing demand for a bigger display, increasing number of features in a digital instrument cluster, and growing demand for vehicle aesthetics. However, vehicles such as entry-level, mid-segment, and light commercial vehicles are equipped with a 5-8 inch digital instrument cluster that helps to decrease the overall cost of the vehicle. The report classifies the digital instrument cluster market by display type into LCD, OLED, and TFT-LCD. TFT- LCD is estimated to hold the largest market share of the market, by display type. Models such as Nissan Samsung SM6, Volkswagen Golf, and Range Rover among others are installed with a 9-11 inch or >12 inch TFT- LCD. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=263218348 TFT-LCD digital instrument cluster is estimated to be the largest digital instrument cluster market, by display type The report classifies the digital instrument cluster market by display type into LCD, OLED, and TFT-LCD. The digital instrument cluster market for TFT-LCD is estimated to be the largest market in the display type segmentation. The demand for this display type is expected to grow with the decreasing prices of TFT-LCD and high compatibility of TFT-LCD for automotive applications. The TFT-LCD display type is avilable in 5-8 inch, 9-11

  3. inch, and >12 inch disaply size. Honda Civic, Audi A4, and Range Rover are a few examples of vehicles that have a TFT-LCD digital instrument cluster. In terms of volume, Europe is estimated to be the largest market for digital instrument cluster owing to the huge production of luxury vehicles and increasing demand for electric vehicles. The digital instrument cluster market is dominated by a few global players. Some of the key manufacturers operating in the market are Bosch (Germany), Continental (Germany), Visteon (US), Delphi (UK), Denso (Japan), NVIDIA (US), Nippon Seiki (Japan), Panasonic (Japan), Magneti Marelli (Italy), and IAC Group (Luxembourg) to name a few. Request Sample: https://www.marketsandmarkets.com/requestsample.asp?id=263218348 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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