Automotive Digital Instrument Cluster Market Survey & Competitive Trends Forecast - PowerPoint PPT Presentation

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Automotive Digital Instrument Cluster Market Survey & Competitive Trends Forecast

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The global automotive digital instrument cluster market is estimated to witness significant growth during the forecast period, driven by the increasing sales of premium cars, according to a research published by P&S Intelligence – PowerPoint PPT presentation

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Date added: 17 September 2020
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Provided by: RahulGautam

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Title: Automotive Digital Instrument Cluster Market Survey & Competitive Trends Forecast


1
Automotive Digital Instrument Cluster Market
Worldwide Opportunities, Driving Forces,
COVID-19 Impact Analysis, Future Potential 2023
The global automotive digital instrument cluster
market is estimated to witness significant
growth during the forecast period, driven by the
increasing sales of premium cars, according to a
research published by PS Intelligence. The
growth in sales of electric cars will also be
benefitting the sales of digital instrument
clusters. Industry trends indicate that by 2030,
majority of the cars will have vehicle-to-infrastr
ucture 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 drivers primary
viewing range. In response to changing
environment, automakers are adopting superior
graphic displays in digital instrument clusters
for enhanced user experience. As part of the
evolution, advanced 3D graphic digital
instrument clusters are gaining traction in the
market. The 3D graphic display enhances the
display look and dashboard with better and
clearer visibility of features. Advancements in
size and resolution of automotive LCDs and LEDs,
along with fall in prices, is expected to
increase the demand for 3D clusters to meet the
growing need for clearer and highly visible
design on a large screen. Thus, the demand for
superior graphic display is one of the key trends
witnessed in the automotive digital instrument
cluster market. Request to Get the Sample Report_at_
https//www.psmarketresearch.com/market-
analysis/automotive-digital-instrument-cluster-mar
ket/report-sample The demand for electric
vehicles and concept cars is expected to be
strong during the forecast period. The sales of
such cars are a forward step toward a more
sustainable conveyance system. With the rising
focus on energy conservation, increasing fossil
fuel prices, and growing focus toward cleaner
and greener environment, the demand for electric
vehicles is expected to increase significantly in
the medium term. Electric vehicles are
technologically more advanced than conventional
fuel vehicles.
2
In electric vehicles, more display content is
needed than conventional fuel vehicles. Hence,
premium electric vehicles such as HEVs and PHEVs,
are more likely to be equipped with digital
instrument clusters. As such cars are run on
electricity, they need to demonstrate important
energy related information such as information on
battery charge, the amount of electricity
stored, expected mileage on current charge and
other driver information, that can be easily
displayed using digital instrument clusters in
electric vehicles. The integration of digital
instrument clusters in electric vehicles helps in
this regard by displaying the needed
information, thus benefiting the market growth.
Leading electric vehicle manufacturers such as
General Motors, BYD Co Ltd (BYD), Nissan Motor
Company Ltd. (Nissan), Geely Automobile Holdings
Ltd (Geely), and Tesla are launching BEVs and
PHEVs equipped with digital instrument
cluster. Some of the other major players in the
automotive digital instrument cluster market are
Robert Bosch GmbH, Magneti Marelli S.p.A, DENSO
Corporation, Delphi Automotive PLC, Nippon Seiki
Co. Ltd. and Delphi Automotive PLC among others.
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