Automotive Digital Instrument Cluster Market Latest trends 2019 | Recent Industry Analysis to 2025 - PowerPoint PPT Presentation

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Automotive Digital Instrument Cluster Market Latest trends 2019 | Recent Industry Analysis to 2025

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More Information @ According to a report by Global Market Insights, Inc. the automotive digital instrument cluster market share is expected to exceed over $7 billion by 2025. The report also estimates that shipments will register growth of over 22% through 2025. – PowerPoint PPT presentation

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Title: Automotive Digital Instrument Cluster Market Latest trends 2019 | Recent Industry Analysis to 2025


1
Global Automotive Digital Instrument Cluster
Market to cross 7bn by 2025 Global Market
Insights Inc.
2
Industry Overview
  • According to a report by Global Market Insights,
    Inc. the automotive digital instrument cluster
    market share is expected to exceed over 7
    billion by 2025. The report also estimates that
    shipments will register growth of over 22
    through 2025.
  • Automotive digital instrument cluster market
    trends are witnessing considerable support from
    burgeoning advancements in the automotive sector
    and the growing implementation of digitized
    vehicle components.
  • These digital clusters are configurable and can
    be adapted to match user preferences and generate
    better interactivity by giving users the ability
    to modify display contents.
  • Larger display panels in comparison with their
    analog counterparts provides the incorporation of
    various digital benefits like speed, map
    navigation, alerts from communication systems and
    media-on-demand updates.
  • Furthermore, major industry players are focusing
    on the development of innovative infotainment
    systems, which can be integrated with these
    clusters, enabling digital information display in
    a single panel through an SoC (system on chip)
    platform. These platforms generate superior
    quality 3D graphics displays in mid-level cars,
    thereby impelling automotive digital instrument
    cluster market size.

3
Continue
  • Reduction in costs of digital and electronic
    production is facilitating the augmentation of
    automotive digital instrument clusters. Likewise,
    proliferating development of enhanced color
    displays and sophisticated graphic displays
    present positive growth opportunities for
    automotive digital instrument cluster industry
    players to create clusters with larger displays.
  • Various algorithms in e-cockpits like fisheye
    detection, occupancy detection, around-view
    monitoring (360 AVM), Driver Monitoring System
    (DMS) and rearview monitoring proliferate the
    demand for large instrument clusters. For
    example, Visteon Corporation in May 2019
    introduced their new cockpit domain controller
    SmartCore in India, which is used to power hybrid
    and digital instrument clusters and infotainment
    systems in the TATA Harrier SUV cars.
  • The use of OLED in display panels of new vehicles
    is gaining immense popularity owing to their
    ability to produce slim, flexible and lightweight
    displays. OLED displays demonstrate application
    potential in the production of vehicles including
    media, navigation, internal external lighting,
    head-up display and instrument clusters. An
    example would be LG Displays introduction of FHD
    12.3 curved plastic-based flexible OLEDs in
    conjunction with Cadillac, Mercedes and Tesla in
    2018.

4

Browse Full Market Research Report Of Automotive
Digital Instrument Cluster Market _at_
http//bit.ly/2VDH7FD Request for a
Sample of this Research report _at_
http//bit.ly/2B62A0m
5
Growth Drivers
  • Increasing demand for luxury vehicles in North
    America and Europe
  • RD activities in the automotive industry
  • Increasing sales of electric vehicles globally
  • Proliferation of component manufacturers in Asia
    Pacific
  • Growing demand for safety and comfort features in
    vehicles
  • Growing vehicle production activities in South
    Africa

6
Continue
  • Key industry players and OEMs in the automotive
    sector are leveraging larger displays in order to
    offer users improved vehicle information, provide
    higher security to drivers and better visuals.
    The growing popularity of these displays is
    attributed to the proliferating demand for larger
    display aesthetics and better features.
  • The 12-inch display size segment is set to depict
    a CAGR of over 24 through 2025 across the global
    automotive digital instrument cluster market
    landscape. In March 2019, Ford introduced its new
    2020 Explorer, which includes a 12.3 digital
    cluster for efficient vehicle information
    display. Entry-level, mid-segment and light
    vehicles, however, will comprise 5-8 displays,
    thereby cutting down system prices and the
    general production cost of the vehicle.
  • The APAC automotive digital instrument cluster
    market share is witnessing considerable gains as
    a result of the thriving automotive and component
    production industries across South Korea, China
    and Japan. China particularly is experiencing a
    sizeable surge in the consumption of these
    systems, owing to the vast implementation of
    these clusters in the manufacturing of electric
    vehicles in the region.

7
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