HOME Top Market Reports Digital Instrument Cluster Market for Automotive by Display Type (LCD, TFT-LCD, OLED), Display Size (5-8 inch, 9-11 inch, >12 inch), Embedded Technology (AI, Non-AI), Electric Vehicle Type, Vehicle Type (PC and CV), and Region - Global Forecast to 2025

Digital Instrument Cluster Market for Automotive by Display Type (LCD, TFT-LCD, OLED), Display Size (5-8 inch, 9-11 inch, >12 inch), Embedded Technology (AI, Non-AI), Electric Vehicle Type, Vehicle Type (PC and CV), and Region - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: AT 5937

 

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The digital instrument cluster market is valued at USD 1.44 Billion in 2016 and is projected to reach USD 6.60 Billion by 2025, at a CAGR of 19.15% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017 to 2025. Factors such as rising demand for electric vehicles, growing demand for advanced cluster technology by OEMs, increasing demand for luxury vehicles, and recent trend of fully reconfigurable instrument cluster in premium vehicles are expected to drive the digital instrument cluster market.

Objectives of the Study:

  • To define, describe, and project the digital instrument cluster market, in terms of volume and value, based on vehicle type (passenger cars and commercial vehicles)
  • To analyze and forecast the digital instrument cluster market, in terms of volume and value, based on display type (LCD, OLED, and TFT-LCD) from 2017 to 2025
  • To identify and forecast the digital instrument cluster market, in terms of volume and value, based on display size (5-8 inch, 9-11 inch, and >12 inch) from 2017 to 2025
  • To analyze and forecast the digital instrument cluster market, in terms of volume and value, based on electric vehicles (BEV, FCEV, HEV, and PHEV) from 2017 to 2025
  • To analyze and forecast the digital instrument cluster market, in terms of value, based on Embedded type (AI and non-AI) during the forecast period from 2017 to 2025
  • To identify the market dynamics including drivers, restraints, opportunities, and challenges and analyze their impact on the digital instrument cluster market
  • To profile the key digital instrument cluster suppliers and analyze the competitive leadership map for key players based on their business strategies in the past five years

The research methodology uses several secondary sources that include associations such as International Organization of Motor Vehicle Manufacturers (OICA), Emission Controls Manufacturers Association (ECMA), European Automobile Manufacturers Association (ACEA), Environmental Protection Agency (EPA), Automotive Parts Manufacturers' Association (APMA), and Original Equipment Suppliers Association (OESA), automotive electronics hardware suppliers, automotive electronics system integrators, instrument cluster manufacturing companies, automotive associations, and paid databases and directories such as Factiva and Bloomberg. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends in the digital instrument cluster market. The digital instrument cluster market for OE has been derived by forecasting techniques in which the production and sales data for ICE and electric vehicles is multiplied with the penetration of digital instrument cluster in different vehicle types. The penetration is calculated by model mapping in every country considered in the study. A data sanity check is also done by considering the product revenues of leading OEMs in the digital instrument cluster market.

The below figure illustrates the break-up of the profile of industry experts who participated in primary discussions.

Digital Instrument Cluster Market for Automotive

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the digital instrument cluster market consists of digital instrument cluster manufacturers such as Bosch (Germany), Continental (Germany), Visteon (US), Delphi (UK), and Denso (Japan). These manufacturers supply digital instrument clusters to major OEMs in the automotive industry including Tesla (US), Audi (Germany), Toyota (Japan), and others.

Target Audience

  • Digital instrument cluster manufacturers
  • Distributors and suppliers of digital instrument cluster
  • Independent and authorized dealers of digital instrument cluster
  • Cockpit electronics manufacturers
  • Vehicle manufacturers
  • Industry associations and experts

Scope of the Report

Digital instrument cluster market, By region & country

  • Asia Pacific
  • Europe
  • North America
  • RoW

Digital instrument cluster market, By display type

  • LCD
  • OLED
  • TFT-LCD

Digital instrument cluster market, By electric vehicle type

  • BEV
  • FCEV
  • HEV
  • PHEV

Digital instrument cluster market, By display size

  • 5–8 inch
  • 9–11 inch
  • >12 inch

Digital instrument cluster market, By embedded type

  • AI
  • Non-AI

Digital instrument cluster market, By vehicle type

  • Passenger cars
  • Commercial vehicles

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.

  • Digital instrument cluster market, by vehicle type & country, 2015–2025
    • Passenger Car
    • Commercial Vehicle

    (The countries that will be covered will be the same as covered in this report)

    • Detailed analysis and profiling of additional market players (up to 3)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Factor Analysis
           2.4.1 Introduction
           2.4.2 Demand-Side Analysis
                    2.4.2.1 Increase in Disposable Income of the Consumers
                    2.4.2.2 Design Aesthetics
           2.4.3 Supply-Side Analysis
                    2.4.3.1 Increasing Vehicle Sales
                    2.4.3.2 Integration of Advanced Technologies
    2.5 Market Size Estimation
    2.6 Data Triangulation
    2.7 Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Digital Instrument Cluster Market
    4.2 Digital Instrument Cluster Market, By Vehicle Type, 2017 vs 2025
    4.3 Digital Instrument Cluster Market, By Display Type,  2017 vs 2025
    4.4 Digital Instrument Cluster Market, By Display Size,  2017 vs 2025
    4.5 Digital Instrument Cluster Market, By Electric Vehicle, 2017 vs 2025
    4.6 Digital Instrument Cluster Market, By Embedded Technology, 2017 vs 2025
    4.7 Digital Instrument Cluster Market, By Region,  2017 vs 2025

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Demand for Electric Vehicles
                    5.2.1.2 Growing Demand for Advanced Cluster Technology By OEMs
                    5.2.1.3 Increasing Demand for Luxury Vehicles
                    5.2.1.4 Intense Competition Between Instrument Cluster Manufacturers
           5.2.2 Restraints
                    5.2.2.1 Cyberthreats
           5.2.3 Opportunities
                    5.2.3.1 Increasing Acceptance of Semi-Autonomous and Autonomous Vehicle Technology
                    5.2.3.2 Use of Aluminum Parts to Make Digital Instrument Clusters
                    5.2.3.3 Increasing Demand for Reconfigurable Instrument Clusters
           5.2.4 Challenges
                    5.2.4.1 Technical Challenges
    5.3 Macro-Indicator Analysis
           5.3.1 Premium Vehicle Sales as A Percentage of Total Sales
           5.3.2 GDP (USD Billion)
           5.3.3 GNI Per Capita, Atlas Method (USD)
           5.3.4 GDP Per Capita PPP (USD)
           5.3.5 Macro Indicators Influencing the Digital Instrument Cluster Market, Top 3 Countries
                    5.3.5.1 US
                    5.3.5.2 Germany
                    5.3.5.3 China
    5.4 Technological Overview

6 Digital Instrument Cluster Market, By Display Type (Page No. - 49)
    6.1 Introduction
    6.2 Liquid Crystal Display (LCD)
    6.3 Thin Film Transistor-Liquid Crystal Display (TFT-LCD)
    6.4 Organic Light Emitting Diode (OLED)

7 Digital Instrument Cluster Market, By Display Size (Page No. - 58)
    7.1 Introduction
    7.2 5–8 Inch
    7.3 9–11 Inch
    7.4 >12 Inch

8 Digital Instrument Cluster Market, By Vehicle Type (Page No. - 67)
    8.1 Introduction
    8.2 Passenger Car
    8.3 Commercial Vehicle

9 Digital Instrument Cluster Market, By Embedded Technology (Page No. - 74)
    9.1 Introduction
    9.2 AI Based: Digital Instrument Cluster
    9.3 Non-AI-Based: Digital Instrument Cluster

10 Digital Instrument Cluster Market, By Electric Vehicle (Page No. - 80)
     10.1 Introduction
     10.2 Battery Electric Vehicle (BEV)
     10.3 Fuel Cell Electric Vehicle (FCEV)
     10.4 Plug-In Hybrid Electric Vehicle (PHEV)
     10.5 Hybrid Electric Vehicle (HEV)

11 Digital Instrument Cluster Market, By Region (Page No. - 90)
     11.1 Introduction
     11.2 Asia Pacific
             11.2.1 China
             11.2.2 India
             11.2.3 Japan
             11.2.4 South Korea
     11.3 Europe
             11.3.1 France
             11.3.2 Germany
             11.3.3 Italy
             11.3.4 The UK
     11.4 North America
             11.4.1 Canada
             11.4.2 Mexico
             11.4.3 The US
     11.5 RoW
             11.5.1 Brazil
             11.5.2 Russia

12 Competitive Landscape (Page No. - 115)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Scenario
             12.3.1 New Product Developments
             12.3.2 Expansions
             12.3.3 Collaborations/Joint Ventures/Supply Contracts/Partnerships
             12.3.4 Mergers & Acquisitions

13 Company Profiles (Page No. - 121)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Bosch
     13.2 Continental
     13.3 Denso
     13.4 Panasonic
     13.5 Delphi
     13.6 Toshiba
     13.7 Yazaki
     13.8 Visteon
     13.9 Magneti Marelli
     13.10 Nippon Seiki
     13.11 Nvidia
     13.12 IAC Group
     13.13 Spark Minda

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 157)
     14.1 Key Industry Insights
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customization
     14.6 Related Reports
     14.7 Author Details


List of Tables (76 Tables)

Table 1 Currency Exchange Rates (W.R.T. USD)
Table 2 Digital Instrument Cluster Market, By Display Type, 2015–2025 (‘000 Units)
Table 3 Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 4 LCD: Digital Instrument Cluster Market, By Region, 2015–2025 (‘000 Units)
Table 5 LCD: Digital Instrument Cluster Market, By Region, 2015–2025 (USD Million)
Table 6 TFT-LCD: Digital Instrument Cluster Market, By Region, 2015–2025 (‘000 Units)
Table 7 TFT-LCD: Digital Instrument Cluster Market, By Region, 2015–2025 (USD Million)
Table 8 OLED: Digital Instrument Cluster Market, By Region, 2015–2025 (‘000 Units)
Table 9 OLED: Digital Instrument Cluster Market, By Region, 2015–2025 (USD Million)
Table 10 Digital Instrument Cluster Market Size, By Display Size, 2015–2025 (’000 Units)
Table 11 Digital Instrument Cluster Market Size, By Display Size, 2015–2025 (USD Million)
Table 12 5–8 Inch: Digital Instrument Cluster Market, By Region, 2015–2025 (’000 Units)
Table 13 5–8 Inch: Digital Instrument Cluster Market Size, By Region, 2015–2025 (USD Million)
Table 14 9–11 Inch: Digital Instrument Cluster Market size, By Region, 2015–2025 (’000 Units)
Table 15 9–11 Inch: Digital Instrument Cluster Market Size, By Region, 2015–2025 (USD Million)
Table 16 >12 Inch: Digital Instrument Cluster Market Size, By Region, 2015–2025 (’000 Units)
Table 17 >12 Inch: Digital Instrument Cluster Market Size, By Region, 2015–2025 (USD Million)
Table 18 Digital Instrument Cluster Market, By Vehicle Type, 2015–2025 (‘000 Units)
Table 19 Digital Instrument Cluster Market, By Vehicle Type, 2015–2025 (USD Million)
Table 20 Passenger Car: Digital Instrument Cluster Market, By Region, 2015–2025 (‘000 Units)
Table 21 Passenger Car: Digital Instrument Cluster Market, By Region, 2015–2025 (USD Million)
Table 22 Commercial Vehicle: Digital Instrument Cluster Market, By Region,  2015–2025 (‘000 Units)
Table 23 Commercial Vehicle: Digital Instrument Cluster Market, By Region,  2015–2025 (USD Million)
Table 24 Digital Instrument Cluster Market Size, By Embedded Technology,  2015–2025 (Thousand Units)
Table 25 AI Based: Digital Instrument Cluster Market Size, By Region, 2015–2025 (Thousand Units)
Table 26 Non-AI Based: Digital Instrument Cluster Market Size, By Region, 2015–2025 (Thousand Units)
Table 27 Digital Instrument Cluster Market, By EV Type, 2015–2025 (’000 Units)
Table 28 Digital Instrument Cluster Market, By EV Type, 2015–2025 (USD Thousand)
Table 29 Battery Electric Vehicle: Digital Instrument Cluster Market, By Region, 2015–2025 (’000 Units)
Table 30 Battery Electric Vehicle: Digital Instrument Cluster Market, By Region, 2015–2025 (USD Thousand)
Table 31 Fuel Cell Electric Vehicle: Digital Instrument Cluster Market, By Region, 2015–2025 (’000 Units)
Table 32 Fuel Cell Electric Vehicle: Digital Instrument Cluster Market, By Region, 2015–2025 (USD Thousand)
Table 33 Plug-In Hybrid Electric Vehicle: Digital Instrument Cluster Market, By Region, 2015–2025 (’000 Units)
Table 34 Plug-In Hybrid Electric Vehicle: Digital Instrument Cluster Market, By Region, 2015–2025 (USD Thousand)
Table 35 Hybrid Electric Vehicle: Digital Instrument Cluster Market, By Region,  2015–2025 (’000 Units)
Table 36 Hybrid Electric Vehicle: Digital Instrument Cluster Market, By Region,  2015–2025 (USD Thousand)
Table 37 Digital Instrument Cluster, By Region, 2015–2025 (Thousand Units)
Table 38 Digital Instrument Cluster Market, By Region, 2015–2025 (USD Million)
Table 39 Asia Pacific: Digital Instrument Cluster Market, By Country, 2015–2025 (Thousand Units)
Table 40 Asia Pacific: Digital Instrument Market, By Country, 2015–2025 (USD Million)
Table 41 China: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 42 China: Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 43 India: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 44 India: Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 45 Japan: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 46 Japan: Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 47 South Korea: Digital Instrument Cluster Market, By Display Type,  2015–2025 (Thousand Units)
Table 48 South Korea: Digital Instrument Cluster Market, By Display Type,  2015–2025 (USD Million)
Table 49 Europe: Digital Instrument Cluster Market, By Country, 2015–2025 (Thousand Units)
Table 50 Europe: Digital Instrument Cluster Market, By Country, 2015–2025 (USD Million)
Table 51 France: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 52 France: Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 53 Germany: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 54 Germany: Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 55 Italy: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 56 Italy: Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 57 UK: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 58 UK: Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 59 North America: Digital Instrument Cluster Market, By Country, 2015–2025 (Thousand Units)
Table 60 North America: Digital Instrument Cluster Market, By Country, 2015–2025 (USD Million)
Table 61 Canada: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 62 Canada: Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 63 Mexico: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 64 Mexico: Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 65 US: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 66 US: Digital Instrument Cluster Market, By Display Type, 2015- 2025 (USD Million)
Table 67 RoW: Digital Instrument Cluster Market, By Country, 2015–2025 (Thousand Units)
Table 68 RoW: Digital Instrument Cluster Market, By Country, 2015–2025 (USD Million)
Table 69 Brazil: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 70 Brazil: Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 71 Russia: Digital Instrument Cluster Market, By Display Type, 2015–2025 (Thousand Units)
Table 72 Russia: Digital Instrument Cluster Market, By Display Type, 2015–2025 (USD Million)
Table 73 New Product Developments, 2016–2017
Table 74 Expansions, 2015–2017
Table 75 Collaborations/Joint Ventures/Supply Contracts/Partnerships, 2016–2017
Table 76 Mergers & Acquisitions, 2016–2017
 
 
List of Figures (65 Figures)
 
Figure 1 Digital Instrument Cluster Market: Markets Covered
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Global Passenger Car Sales Data, 2005-2016
Figure 6 Market Size Estimation Methodology for Digital Instrument Cluster Market: Bottom-Up Approach
Figure 7 Key Countries in the Digital Instrument Cluster Market: Germany is Estimated to Be the Largest Market By 2025 (USD Billion)
Figure 8 Europe is Estimated to Be the Largest Market for Digital Instrument Cluster, 2017 vs 2025 (USD Million)
Figure 9 TFT-LCD is Estimated to Hold the Largest Share of the Digital Instrument Cluster Market, 2017 vs 2025 (USD Million)
Figure 10 Passenger Car Segment is Estimated to Hold the Largest Share of the Digital Instrument Cluster Market, 2017 vs 2025 (USD Million)
Figure 11 9-11 Inch is Estimated to Hold the Largest Share of the Digital Instrument Cluster Market, 2017 vs 2025 (USD Million)
Figure 12 Artificial Intelligence (AI) is Estimated to Hold the Largest Share of the Digital Instrument Cluster Market, 2017 vs 2025 (‘000 Units)
Figure 13 HEV is Estimated to Hold the Largest Share of the Digital Instrument Cluster Market, 2017 vs 2025 (USD Million)
Figure 14 The Increasing Demand for Luxury Vehicles is Expected to Drive the Digital Instrument Cluster Market
Figure 15 Passenger Cars to Hold the Largest Share, By Value, in the Digital Instrument Cluster Market, By Vehicle Type
Figure 16 TFT-LCD to Hold the Largest Share, By Value, in the Digital Instrument Cluster Market, By Display Type
Figure 17 9–11 Inch to Hold the Largest Share, By Value, in the Digital Instrument Cluster Market, By Display Size
Figure 18 HEV to Hold the Largest Share, By Value, in the Digital Instrument Cluster Market, By Electric Vehicle
Figure 19 AI to Hold the Largest Size, By Volume, in the Digital Instrument Cluster Market, By Embedded Technology
Figure 20 Europe to Hold the Largest Market Share in the Digital Instrument Cluster Market, 2017 vs 2025 (USD Million)
Figure 21 Digital Instrument Cluster Market: Market Dynamics
Figure 22 Electric Vehicle Sales 2010–2016
Figure 23 Global Luxury Vehicle Sales 2014–2016
Figure 24 Autonomous Vehicle Sales, 2023–2030
Figure 25 Semi-Automonous Vehicle Sales, 2015–2022
Figure 26 Tensile Strength of Materials
Figure 27 US: The Rising GNI Per Capita is Expected to Drive the Digital Instrument Cluster Market During the Forecast Period
Figure 28 Germany: Increasing Luxury Vehicle Production is Expected to Drive the Digital Instrument Cluster Market
Figure 29 China: The Vehicle Production Year on Year Growth Will Be the Primary Macro Indicator Impacting the Market
Figure 30 Digital Instrument Cluster Market, By Display Type, 2017 vs 2025 (USD Million)
Figure 31 LCD: Digital Instrument Cluster Market, By Region, 2017 vs 2025 (USD Million)
Figure 32 TFT-LCD: Digital Instrument Cluster Market, By Region, 2017 vs 2025 (USD Million)
Figure 33 OLED: Digital Instrument Cluster Market, By Region, 2017 vs 2025 (USD Million)
Figure 34 Digital Instrument Cluster Market, By Display Size, 2017 vs 2025 (USD Million)
Figure 35 5–8 Inch: Digital Instrument Cluster Market, By Region, 2017 vs 2025 (USD Million)
Figure 36 9–11 Inch: Digital Instrument Cluster Market, By Region, 2017 vs 2025 (USD Million)
Figure 37 >12 Inch: Digital Instrument Cluster Market, By Region, 2017 vs 2025 (USD Million)
Figure 38 Digital Instrument Cluster Market, By Vehicle Type, 2017 vs 2025 (USD Million)
Figure 39 Passenger Car: European Region to Hold the Largest Market Share, By Value, 2017 vs 2025
Figure 40 Commercial Vehicle: North American Region to Hold the Largest Market Share, By Value, 2017 vs 2022
Figure 41 Digital Instrument Cluster Market, By Embedded Technology, 2017 vs 2025 (Thousand Units)
Figure 42 AI-Based Digital Instrument Cluster Market, By Region, 2017 vs 2025 (Thousand Units)
Figure 43 Non-AI Based Digital Instrument Cluster Market, By Region, 2017 vs 2025 (Thousand Units)
Figure 44 Digital Instrument Cluster Market, By Electric Vehicle Type, 2017 vs 2025 (USD Thousand)
Figure 45 Battery Electric Vehicle: Digital Instrument Cluster Market, By Region, 2017 vs 2025 (USD Thousand)
Figure 46 Fuel Cell Electric Vehicle: Digital Instrument Cluster Market, 2017 vs 2025 (USD Thousand)
Figure 47 Plug-In Hybrid Electric Vehicle: Digital Instrument Cluster Market, By Region, 2017 vs 2025 (USD Thousand)
Figure 48 Hybrid Electric Vehicle: Digital Instrument Cluster Market, 2017 vs 2025 (USD Thousand)
Figure 49 Digital Instrument Cluster Market, By Region, 2017 vs 2025
Figure 50 Asia Pacific: Digital Instrument Cluster Market, 2017 vs 2025, (USD Million)
Figure 51 Europe: Digital Instrument Cluster Market Snapshot
Figure 52 North America: Digital Instrument Cluster Market Snapshot
Figure 53 RoW: Digital Instrument Cluster Market, 2017 vs 2025 (USD Million)
Figure 54 Key Developments By Leading Players in the Market, 2015–2017
Figure 55 Bosch: Company Snapshot
Figure 56 Continental: Company Snapshot
Figure 57 Denso: Company Snapshot
Figure 58 Panasonic: Company Snapshot
Figure 59 Delphi: Company Snapshot
Figure 60 Toshiba: Company Snapshot
Figure 61 Yazaki: Company Snapshot
Figure 62 Visteon: Company Snapshot
Figure 63 Nippon-Seiki: Company Snapshot
Figure 64 Nvidia: Company Snapshot
Figure 65 Spark Minda: Company Snapshot

The digital instrument cluster market is projected to grow at a CAGR of 19.15% during the forecast period and is estimated to grow from USD 1.62 Billion in 2017 to USD 6.60 Billion by 2025. The key factors driving the digital instrument cluster market are the increasing demand for luxury vehicles and electric vehicles, growing demand for advanced cluster technology by OEMs, and intense competition between manufacturers. The increasing acceptance of semi-autonomous and autonomous vehicle technology and increasing demand for reconfigurable instrument clusters will further boost the demand for digital instrument cluster market. Owing to these factors, there has been a steady increase in the use of a digital instrument cluster, particularly in electric vehicles and luxury vehicles.

The BEV segment is estimated to be the largest market for the digital instrument cluster, by electric vehicle. Asia Pacific is estimated to be the largest digital instrument cluster market for BEV. The sales of BEV vehicles is increasing at a rapid pace owing to factors such as strict emission norms, rapid development in charging infrastructure, zero-emission advantage, and government support. For instance,  the sales of electric vehicles in Asia Pacific increased by around 6% from 2015 to 2016. As various governments are taking initiatives to stimulate the sales of BEVs, the BEV segment is expected to show significant growth in the future. OEMs are using a digital instrument cluster in BEVs to differentiate themselves from their competitors. For instance, according to the proposed plan of the Chinese Ministry of Industry and Information, each auto manufacturer in China is expected to make and sell 10% of its output as EVs in 2019 and 12% by 2020. Thus, there is a huge growth opportunity for digital instrument cluster in BEV segment.

The >12 inch digital instrument cluster is estimated to be the fastest growing segment of the digital instrument cluster market, by display size. The growth of >12 inch digital instrument cluster can be attributed to the increasing demand for a bigger display, increasing number of features in a digital instrument cluster, and growing demand for vehicle aesthetics. However, vehicles such as entry-level, mid-segment, and light commercial vehicles are equipped with a 5-8 inch digital instrument cluster that helps to decrease the overall cost of the vehicle.

The report classifies the digital instrument cluster market by display type into LCD, OLED, and TFT-LCD. TFT-LCD is estimated to hold the largest market share of the digital instrument cluster market, by display type. Models such as Nissan Samsung SM6, Volkswagen Golf, and Range Rover among others are installed with a 9-11 inch or >12 inch TFT-LCD.

Europe is estimated to be the largest market for digital instrument cluster during the forecast period, followed by North America and the Asia Pacific. Factors such as the high proportion of passenger vehicles in the total vehicle production and growing demand for luxury vehicles and electric vehicles are expected to drive the digital instrument cluster market in Europe. The penetration of digital instrument cluster in passenger vehicles in Europe is expected to range between 26 and 36% in 2017 and is expected to reach up to 40 to 58% by 2025. The growth can be attributed to the high production capacity of luxury vehicles and demand-supply equilibrium of digital instrument cluster market.

Digital Instrument Cluster Market for Automotive

Cyberthreat can hinder the growth of the digital instrument cluster market. Also, technical challenges such as complexity in the design and advanced graphics requirement pose a challenge for the growth of digital instrument cluster market. The digital instrument cluster market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Bosch (Germany), Continental (Germany), Visteon (US), Denso (Japan), Delphi (UK), NVIDIA (US), Panasonic (Japan), Nippon Seiki (Japan), Magneti Marelli (Italy), and IAC Group (Luxembourg).

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