Selbyville, Delaware, Oct. 04, 2019 (GLOBE NEWSWIRE) --
The shipments of automotive digital instrument cluster market is projected to register more than 22% gains between 2019 and 2025. Rapid development of the automobile industry and increasing integration of digitized components in vehicles are accelerating the market growth.
These electronic clusters can be reconfigured by allowing users to customize the display contents, aiding better interactivity. The increased display panel size as compared to the analog options offers integration of various components including map & navigation, speed, media-on-demand updates, and communication system alerts. Moreover, cluster manufacturers are developing newer systems to merge infotainment with these panels, allowing the display of electronic information in a single panel by using a System on Chip (SoC) platform. These chips deliver high-quality display in 3D graphics for mid-level cars, adding up to automotive digital instrument cluster market expansion.
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Decreasing electronics and digital system manufacturing costs for passenger vehicles are supporting the advancements in instrument clusters. The availability of improved color displays and high-quality graphic display solutions provides an opportunity to develop bigger display panels for cluster solutions. Installation of various algorithms in the e-cockpit such as around-view mirror (360-degree AVM), fisheye detection, occupancy detection, rearview monitoring, and Driver Monitoring System (DMS) creates the need for big instrument clusters.
OLED segment in automotive digital instrument cluster market is projected to gain a high demand for new vehicle display panels as it is used to create slim, flexible, and light displays. These displays are used in various vehicle applications such as instrument cluster, media, navigation, head-up display, and internal & external lighting.
Displays with the 12-inch size are expected to grow at a CAGR of 24% during the forecast period. The rising demand for bigger display vehicle aesthetics and enhanced features add up to the usage of these displays. Major OEMs and cluster system manufacturers are introducing bigger displays to provide enhanced vehicle information, driver safety, and visuals.
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The Asia pacific automotive digital instrument cluster market is growing rapidly owing to the robust vehicle & component manufacturing sector in China, Japan, and South Korea. The industry is witnessing an increased adoption of these cluster systems in electric vehicles, resulting in a high consumption in China. High government support, cheap manufacturing, and customer awareness in China add up to the electric vehicle expansion, driving the industry growth. Other Asian countries including Japan, South Korea, and India are also experiencing a robust expansion of the automobile sector due to increased manufacturing, export activities, and consumption of passenger vehicles. The automotive component sector is also developing owing to the cheap component availability and labor, supporting the industry growth.
The key players operating in the automotive digital instrument cluster market include Continental AG, Robert Bosch GmbH, Visteon Corporation, Nvidia Corporation, Nippon Seiki, IAC Group, Panasonic Corporation, Denso Corporation, Sharp Corporation, Magneti Marelli S.p.A., ID4Motion, and Yazaki Corporation. Major companies are focused on developing digital & hybrid systems to gain a competitive edge and demand for OEMs. These players are also making heavy investments in R&D activities to develop digital cluster with enhanced display features and address the growing consumer requirements. Due to high competition among the vehicle OEMs, system manufacturers are developing new products in collaboration with component providers, OEMs, and other industry entities.
Browse key industry insights spread across 170 pages with 203 market data tables and 20 figures & charts from the report, “Automotive Digital Instrument Cluster Market By Display Type (LCD, TFT-LCD, OLED), Display Size (5-8 inch, 9-11 inch, >12 inch), Regional Outlook, Competitive Market Share & Forecast 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-digital-instrument-cluster-market
Table of Contents (ToC) of the report:
Chapter 3. Automotive Digital Instrument Cluster Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 - 2025
3.3. Industry ecosystem analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.6. Industry impact forces
3.7. Growth potential analysis
3.8. Porter’s analysis
3.9. Competitive landscape, 2018
3.10. PESTEL analysis
Browse Complete Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/automotive-digital-instrument-cluster-market
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