Automotive Digital Instrument Cluster Market
Global Automotive Digital Instrument Cluster Market Size, Share & Trends Analysis Report by Display Type (Liquid Crystal Display (LCD), Thin Flm Transistor LCD (TFT-LCD), Organic Light Emitting Diode (OLED)), by Size (5-8 Inches, 9-11 Inches, and More than 12 Inches) and By Vehicle Type (Passengers Vehicles, Commercial Vehicles, and Electric Vehicles) Forecast Period (2021-2027) Update Available - Forecast 2024-2030
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.
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.
Impact of COVID-19 Pandemic on Global Automotive Digital Instrument Cluster Market
The outbreak of COVID-19 globally, has negatively impacted the growth of the automotive instrument clusters market. The pandemic has affected the most industries worldwide owing to imposition of lockdown by governments. Lockdowns have been enacted by governments in various nations, forcing citizens to stay at home and reducing physical connection between people. Companies have enabled workers to work from home to guarantee company continuity during the COVID-19 pandemic, which is projected to restrain the growth of the automotive instrument clusters market throughout the research period. The growing emphasis on remote working has restricted the expansion of the automobile industry, which is expected to hamper the market for automotive digital instrument clusters.
Segmental Outlook
The global automotive digital instrument cluster market is segmented based on display type, size, and vehicle type. Based on the display type, the market is further segmented as LCD, TFT-LCD, and OLED. Based on size, the market is further sub-segmented into 5-8 inches, 9-11 inches and more than 12 inches. Based on the vehicle type, the market is augmented into passengers vehicles, commercial vehicles, and electric vehicles. Among the display typ segment, the market for LCD is expected to grow over the forecast period, due to the increase in the sales premium vehicles and electric vehicles, as it is available at an affordable rate among the others.
Global Automotive Digital Instrument Cluster Market Share by Display Type, 2020 (%)
The TFT-LCD Display Expected to Hold the Prominnent Share in the Global Automotive Digital Instrument Cluster Market
Among the display type, the TFT-LCD segment is expected to hold prominent share among the market during the forecast period (2021-2027) globally. TFT-LCD screens are used in digital instrument clusters, which have a human machine interface (HMI) and improvised visuals. Digital instrument clusters have larger display screens than analogue instrument clusters because they include more electronic functions such as speed, map and navigation, communication, media-on-demand updates, system alerts, and other driving information. Several major automotive players are integrating TFT-LCD in the vehicle, which will spur the growth of the market. For instance, in February 2021, Maruti launched a newy manufactured vehicle in India with features including start-stop technology and multi-functional TFT-LCD display.
Regional Outlooks
The global automotive digital instrument cluster market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement.
Global Automotive Digital Instrument Cluster Market Growth, by Region 2021-2027
The European Region is Expected to Dominate the Growth of the Automotive Digital Instrument Cluster Market Globally
Due to the high proportion of passenger vehicles across the region, is considered to be the major factor attributable to the growth of the market. According to the European Economic Area in 2021, the regions witnessed the production of approximately 14.5 million passenger vehicles has been produced in 2020. Further, the region held 49% production of passenger cars out of the total production of vehicle.High rate of growing demand for luxury vehicles and electric vehicles is another major factor which is expected to drive the growth of the market in Europe.
Market Players Outlook
The major companies serving the global automotive digital instrument cluster market include Alpine Electronics Inc., Continental AG, Denso Corp, Id4motion, Robert Bosch Gmbh, Japan Display Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in Jaunuary 2020, DENSO Corporation and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, announced the companies’ joint efforts in developing next-generation cockpit systems. These interfaces must account for the driving situation around the vehicle and the driver’s status to ensure the most important information is communicated at precisely the right time. It is a process made possible by multiple HMI products working simultaneously, such as the instrument cluster, in-vehicle multimedia, and head-up display.
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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Automotive Digital Instrument Cluster Market
• Recovery Scenario of Global Automotive Digital Instrument Cluster Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Alpine Electronics Inc.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Continental AG
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Denso Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Id4motion
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Robert Bosch Gmbh
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Automotive Digital Instrument Cluster Market by Display Type
4.1.1. Liquid Crystal Display (LCD)
4.1.2. Thin Film Transistor LCD (TFT-LCD)
4.1.3. Organic Light Emitting Diode (OLED)
4.2. Global Automotive Digital Instrument Cluster Market by Size
4.2.1. 5-8 Inches
4.2.2. 9-11 Inches
4.2.3. More than 12 Inches
4.3. Global Automotive Digital Instrument Cluster Market by Vehicle Type
4.3.1. PassengerVehicles
4.3.2. Commercial Vehicles
4.3.3. Electric Vehicles
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Idera Inc.
6.2. Iac Group
6.3. Japan Display Inc.
6.4. Luxoft Holding Inc.
6.5. Marelli Holdings Co., Ltd
6.6. Mitsubishi Electric Corp.
6.7. Minda Corporation Ltd.
6.8. Nvidia Corp.
6.9. Nippon Seiki Co., Ltd
6.10. Panasonic Corp.
6.11. Pricol Ltd.
6.12. Stoneridge Inc.
6.13. Toshiba Corp.
6.14. Yazaki Corp.
6.15. Visteon Corp.
1. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY DISPLAY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL LCD AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL TFT-LCD AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL OLED AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY SIZE, 2020-2027 ($ MILLION)
6. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER OF 5-8 INCHES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER OF 9-11 INCHES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER OF MORE THAN 12 INCHES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2020-2027 ($ MILLION)
10. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER IN PASSENGERS CARS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER IN COMMERCIAL VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER IN ELECTRIC VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY DISPLAY TYPE, 2020-2027 ($ MILLION)
16. NORTH AMERICAN AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY SIZE, 2020-2027 ($ MILLION)
17. NORTH AMERICAN AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2020-2027 ($ MILLION)
18. EUROPEAN AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. EUROPEAN AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY DISPLAY TYPE, 2020-2027 ($ MILLION)
20. EUROPEAN AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY SIZE, 2020-2027 ($ MILLION)
21. EUROPEAN AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY DISPLAY TYPE, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY SIZE, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2020-2027 ($ MILLION)
26. REST OF THE WORLD AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
27. REST OF THE WORLD AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY DISPLAY TYPE, 2020-2027 ($ MILLION)
28. REST OF THE WORLD AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY SIZE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET, 2021-2027 (%)
4. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SHARE BY DISPLAY TYPE, 2020 VS 2027 (%)
5. GLOBAL LCD AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL TFT-LCD AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL OLED AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SHARE BY SIZE, 2020 VS 2027 (%)
10. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER OF 5-8 INCHES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER OF 9-11 INCHES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER OF MORE THAN 12 INCHES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SHARE BY VEHICLE TYPE, 2020 VS 2027 (%)
14. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER IN PASSENGERS VEHICLES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER IN COMMERCIAL VEHICLE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER IN ELECTRIC VEHICLE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. US AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
19. CANADA AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
20. UK AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
21. FRANCE AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
22. GERMANY AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
23. ITALY AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
24. SPAIN AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
25. REST OF EUROPE AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
26. INDIA AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
27. CHINA AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
28. JAPAN AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
29. SOUTH KOREA AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
30. REST OF ASIA-PACIFIC AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF THE WORLD AUTOMOTIVE DIGITAL INSTRUMENT CLUSTER MARKET SIZE, 2020-2027 ($ MILLION)
