The global automotive digital instrument cluster market is anticipated to grow at a significant CAGR of 19.0 % during the forecast period. The automotive digital cluster or electronic display is a digital panel a set of framework for vehicle speed, engine rpm, fuel capacity, and utilized fuel from the fuel tank. The basic purpose of automotive digital instrument system is to provide the information in precise manner about the vehicle and information in a visually comfortable format. The primary factor contributing in the growth of the market is the increasing demand for luxury vehicles and electric vehicles (EVS). According to China Internet Information Center report published in February 2021, China’s luxury cars sales witness considerable upsurge in 2020. For instance, in 2020, German carmaker BMW and Mercedes-Benz recorded sales of 777,400 and 774,400 vehicles respectively. The companies recorded rise in sales by 7.4% and 11.7% from 2019. Further, the rising acceptance of semi-autonomous and autonomous vehicle technology coupled with increasing demand for reconfigurable instrument clusters, which will further boost the growth of the market.
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However, rapidly rising cyberthreat across the globe is expected to hinder the growth of the automotive digital instrument cluster market. Also the factors such as complexity in the design, and advanced graphics requirement provides several challenges in manufacturing digital clusters, which may further impact the market adversely.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Digital Instrument Cluster Market Report Segment
By Display Type
- LCD
- TFT-LCD
- OLED
By Size
- 5-8 Inches
- 9-11 Inches
- More than 12 Inches
By Vehicle Type
- Passengers Cars
- Commercial vehicles
Global Automotive Digital Instrument Cluster Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive digital instrument cluster market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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