Automotive Digital Instrument Cluster Market 2019 Global Industry Analysis By Growth Factors, Size, Trends, Share, Opportunities, Key Players, Regional, Key Country And Competitive Forecast To 2023

“\”Automotive Digital Instrument Cluster Market\””
Automotive Digital Instrument Cluster Market Driven by fatigued drivers who get confused with the readings displayed on the analog systems. With the comprehensible and easily readable digital display panel further trigger the demand for automotive digital instrument cluster during the assessment period. Global market for Automotive Digital Instrument Cluster is expected to exhibit 20% Compound Annual Growth Rate over the forecast period of 2019 to 2023.

Global Automotive Digital Instrument Cluster Market 2019 report presents a detailed overview of the market’s present statistics and potential future growth trajectory based on a solid analysis of the market’s historical growth trajectory. Global Automotive Digital Instrument Cluster market is segmented based on display type, display size, fuel, vehicle type, and region.

Leading players in the global Automotive Digital Instrument Cluster industry include:

Delphi Technologies (U.K.), Magneti Marelli S.p.A. (Italy), Denso Corporation (Japan), Sharp Corporation (Japan), Alpine Electronics, Inc.(Japan), Mitsubishi Electric Corporation (Japan), Luxoft (Switzerland), Yazaki Corporation (Japan), ID4Motion (Netherlands) and Nippon Seiki Company Ltd. (Japan), Continental AG (Germany), Nvidia Corporation (U.S.), Robert Bosch GmbH (Germany), Nippon Seiki (Japan), Visteon Corporation (U.S.), IAC Group (Luxembourg) and Panasonic (Japan).

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The basic purpose of such an electronic consolidated panel (automotive digital instrument cluster system) is to provide the driver with precise information about the vehicle functionality related parameters in a visually comfortable format. The basic need of such a system arises from the consumer wanting to have an understanding of the entire vehicle and its functioning at a single glance. The analog instrument cluster systems of the earlier times were often misleading and confusing since the margin for error in their functioning was quite high. The driver while riding the vehicle gets limited time to glance at the analog instrument reading panel and process the information. The digital system provides simple and easily comprehensible information, making the overall driving experience much better.

The global automotive digital instrument cluster market is anticipated to experience 20% CAGR during the forecast period (2017-2023) owing to rising demand of high-end passenger cars, asserts Market Research Future (MRFR).The digital display or the electronic display cluster in an automobile is referred to as a digital panel which exhibits a set of parameters such as the vehicle speed, the fuel capacity, the engine rpm, and the utilized fuel from the fuel tank. The electronic consolidated panel provides the driver with precise information regarding the functionality of the vehicle and its related parameters in a visually comfortable format. The digital system offers easy and simple comprehensible information, thereby making the driving experience much better.

The vehicle service personnel also prefer such digital panels owing to the easy and precision eye information display aiding the vehicle and diagnostic repair. Moreover, with the increasing demand for high-end passenger cars due to rising disposable income, the global market for automotive digital instrument cluster is estimated to flourish. Additionally, owing to the growing competition, car manufacturers are implementing innovative features in car cabins and latest HMI products, which is considered to increase the penetration of digital instrument cluster in high-end cars.

Automotive Digital Instrument Cluster Market Segmentation:

 The global automotive digital instrument cluster market has been segmented on the basis of display type, display size, fuel, vehicle type, and region.

By mode of vehicle type, the global automotive digital instrument cluster market has been segmented into commercial vehicle and passenger vehicle.

By mode of display size, the global automotive digital instrument cluster market has been segmented into 5-8-inch, 9-11-inch, and greater than 12-inch. Among these, 9-11 inch is the most commonly used display size owing to the low cost of production and optimum size.

By mode of display type, the global automotive digital instrument cluster market has been segmented into LCD, OLED, and TFT-LCD. Among these, the TFT-LCD type is in high demand owing to the superior display clarity coupled with relative low production cost.

By mode of fuel, the global automotive digital instrument cluster market has been segmented into diesel, petrol, PHEV, BEV, and HEV. All the five types of fuel are considered to exhibit an upward trend owing to the user-friendly design of the digital instrument cluster system.

Automotive Digital Instrument Cluster Market Regional Analysis:

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The North America market (especially U.S. and Canada), has seen a consistent rise in the number of automobiles plying on the road. Owing to mediocre public transport system, the customers here prefer personal vehicles for carrying out their daily activities.

The digital instrument cluster provides greater control and better visibility of all the possible vehicle parameters, due to which it is the ideal riding aide for long distance journeys. The Asia Pacific automotive market has always has a strong global presence due to the big global player – Japan. The Japanese technologically advanced cars are always better off with the support of advanced digital instrument cluster, especially with huge sales in India and China. The Europe market has always had a prevalence of high-end cars, which again are better complimented with high tech digital instrument cluster systems.

Automotive Digital Instrument Cluster Market Report Table Of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

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