The global automotive digital instrument cluster market is growing at a significant rate, due to intensifying requirement for luxury vehicles, and the mounting need for innovative cluster technology by OEMs. The market has witnessed high growth for >12 inch in the coming years due to mounting need for a larger display, mounting requirement for vehicle aesthetics and the mounting number of features in a digital instrument cluster.
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On the basis of vehicle type, the market is subdivided into the passenger car and commercial vehicle. Among the all vehicle type, the passenger cars accounted for the largest share in the automotive digital instrument cluster market due to elevated production and sales of the passenger car.
On the basis of embedded technology, the market is subdivided into AI-based: digital instrument cluster and non-AI-based: digital instrument cluster. Among both embedded technology, the non-AI-based: digital instrument cluster accounted for the largest share in the market.
The increasing need for electric vehicles, intensifying requirement for luxury vehicles, the mounting need for innovative cluster technology by OEMs, mounting diffusion of in-vehicle safety features, adoption of multi-layer display technology and penetrating competition between instrument cluster manufacturers are the primary growth drivers for automotive digital instrument cluster market.
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Europe is the largest automotive digital instrument cluster market due to the elevated proportion of passenger vehicles in the entire vehicle production and increasing requirement for luxury vehicles and electric vehicles.
Robert Bosch GmbH, DENSO Corporation, Continental AG, Visteon Corporation, Panasonic Corporation, NVIDIA Corporation, Delphi Automotive Plc., Nippon Seiki Co. Ltd., Yazaki Corporation, Magneti Marelli S.p.A and Spark Minda are the key players offering automotive digital instrument cluster.
Source: VynZ Research