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
Stay In Touch Website www.gminsights.com Soci
al Media