Automotive Digital Instrument Cluster Industry Research Report 2018


Posted January 8, 2019 by abhi021991

Automotive Digital Instrument Cluster Industry Research Report 2018.
 
Automotive Digital Instrument Cluster Market 2019 Global Industry Forecast To 2023 Report, published by Market Research Future, provides in-depth Global Automotive Digital Instrument Cluster Market analysis by Display Size (5-8 inch, 9-11 inch, >12 inch), Display Type (OLED, LCD, TFT-LCD), Type of Fuel used (Petrol, Diesel, BEV, PHEV, HEV), Vehicle Type (Passenger, Commercial), and Region.

Some of the key players in the automotive digital instrument cluster market are Continental AG (Germany), Nvidia Corporation (U.S.), Robert Bosch GmbH (Germany), Nippon Seiki (Japan), Visteon Corporation (U.S.), IAC Group (Luxembourg) and Panasonic (Japan). Delphi Technologies (U.K.), Magneti Marelli S.p.A. (Italy), Denso Corporation (Japan), Sharp Corporation (Japan), Alpine Electronics, Inc.(Japan), Mitsubishi Electric Corporation (Japan), Luxoft (Switzerland), Yazaki Corporation (Japan), ID4Motion (Netherlands) and Nippon Seiki Company Ltd. (Japan) are among others.

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There are several factors that are responsible for the growth of the automotive digital instrument cluster market.  Some of them are fatigued drivers getting confused due to the readings shown on the analog systems, the easily readable and comprehensible digital display panel, and the vehicle service personnel prefer these digital panels due to the precise and easy on eye information display aiding the diagnostic and vehicle repair. Economies of scale, with respect to manufacture and maintenance of these digital systems while bulk producing the thousands of cars,  also adds to the market growth. The global automotive digital instrument cluster market is expected to grow with a CAGR of approx. 20 % (2017 to 2023).

Using the archaic analog meters for displaying the reading again was a big problem due to the precise nature of the observed data and the sheer incompetence of the analog meter to present such precise data. Thus, automakers decided to shift their attention to the digital cluster panel and their design. Soon enough, the importance of a small, concise and visually appealing display unit was realised by everyone alike. This digital display panel also created an opportunity for displaying information that was not monitored previously. This led to the development of different kinds of measurements and drive assistance devices such as the parking cameras and sensors, the GPS navigation system. The development of market differentiation based on the size of the navigation and console screen is one such example of how the advent of the digital instrument cluster panel has changed the face of the automotive industry. This aptly sums the scope and potential of the automotive digital instrument cluster market.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The North America market (especially U.S. and Canada), has seen a consistent rise in the number of automobiles plying on the road. Owing to mediocre public transport system, the customers here prefer personal vehicles for carrying out their daily activities. 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. The Asia Pacific automotive market has always has a strong global presence due to the big global player – Japan. The Japanese technologically advanced cars are always better off with the support of advanced digital instrument cluster, especially with huge sales in India and China. The Europe market has always had a prevalence of high-end cars, which again are better complimented with high tech digital instrument cluster systems.

This study provides an overview of the Global Automotive Digital Instrument Cluster Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive digital instrument cluster market by its Display Size, Display type, Type of Fuel used, Vehicle Type and Region.

List Of Figures:

Figure 1 Research Methodology

Figure 2 Global Automotive Digital Instrument Cluster Market: By System Type (%)

Figure 3 Global Automotive Digital Instrument Cluster Market: By Vehicle Type (%)

Figure 4 Global Automotive Digital Instrument Cluster Market: By Region

Continued…

List Of Tables:

Table 1 Automotive Digital Instrument Cluster Global Market, By System Type

Table 2 Automotive Digital Instrument Cluster Global Market, By Vehicle Type

Table 3 Automotive Digital Instrument Cluster Global Market, By Regions

Table 4 Automotive Digital Instrument Cluster North America Market, By System Type

Continued…

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Categories Automotive , Business , Industry
Tags automotive digital instrument cluster industry
Last Updated January 8, 2019