Digital Instrument Cluster Market for Automotive worth 6.60 Billion USD by 2025
Europe is estimated to be the largest market for digital instrument cluster during the forecast period, followed by North America and the Asia Pacific.
(EMAILWIRE.COM, February 05, 2018 ) The report "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", The digital instrument cluster market is projected to grow at a CAGR of 19.15% during the forecast period, from USD 1.62 Billion in 2017 to USD 6.60 Billion by 2025. The digital instrument cluster market is primarily driven by the increasing sales of electric vehicles and luxury vehicles globally. Increasing demand for safety, convenience, and comfort is also expected to boost the digital instrument cluster market.
Browse 76 market data Tables and 65 Figures spread through 166 Pages and in-depth TOC on "Digital Instrument Cluster - Global Forecast to 2025"
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=263218348
9-11-inch display size to be the largest segment of the Digital Instrument Cluster Market owing to the increasing demand for aesthetics and advanced features in the instrument cluster
The 9-11 inch digital instrument cluster is estimated to be the largest and fastest growing market for digital instrument cluster during the forecast period. Asia Pacific is estimated to register the highest growth for the 9-11 inch digital instrument cluster market. The market for 9-11 inch display size is larger than 5-8 inch owing to the increasing integration of new features in instrument cluster, rise in demand for bigger display, increasing demand by OEMs and end-users, and demand for vehicle aesthetics.
Passenger car to be the largest segment in the digital instrument cluster market
The passenger car segment is estimated to dominate the digital instrument cluster market during the forecast period. The adoption of advanced technologies continues to be high for passenger cars due to the high production and sales of passenger cars worldwide in comparison to commercial vehicles. In order to cater to the high demand for safety, convenience, and comfort in the passenger car segment, advanced features are needed to be configured in the vehicles. Advanced features such as a multi-camera system and voice recognition system need advanced instrument cluster to project real-time video over the display. Also, OEMs are increasing the adoption of digital instrument cluster in the passenger car segment as a product differentiation strategy. For instance, Volvo’s 2018 SUV model XC 40 will have a 12.3-inch TFT-LCD instrument cluster with information on car functions such as cruise control, trip calculator, and messages. Europe is estimated to be the largest digital instrument cluster market for passenger cars owing to increasing production of luxury passenger vehicles.
Battery electric vehicle to be the largest market in the electric vehicle digital instrument cluster market
The report classifies the digital instrument cluster market by electric vehicle into BEV, FCEV, HEV, and PHEV. The digital instrument cluster market for battery electric vehicle (BEV) is estimated to be the largest market in the electric vehicle segment. Leading OEMs that are launching the BEV equipped with a digital instrument cluster in the Asia Pacific region are BYD, Nissan Geely, and Zotye. BYD E6, Nissan Note, Emgrand EC7, and Zotye Cloud 100 are some of the top-selling BEV models in the Asia Pacific region that are equipped with a digital instrument cluster.
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TFT-LCD digital instrument cluster is estimated to be the largest digital instrument cluster market, by display type
The report classifies the digital instrument cluster market by display type into LCD, OLED, and TFT-LCD. The digital instrument cluster market for TFT-LCD is estimated to be the largest market in the display type segmentation. The demand for this display type is expected to grow with the decreasing prices of TFT-LCD and high compatibility of TFT-LCD for automotive applications. The TFT-LCD display type is avilable in 5-8 inch, 9-11 inch, and >12 inch disaply size. Honda Civic, Audi A4, and Range Rover are a few examples of vehicles that have a TFT-LCD digital instrument cluster. In terms of volume, Europe is estimated to be the largest market for digital instrument cluster owing to the huge production of luxury vehicles and increasing demand for electric vehicles.
The digital instrument cluster market is dominated by a few global players. Some of the key manufacturers operating in the market are Bosch (Germany), Continental (Germany), Visteon (US), Delphi (UK), Denso (Japan), NVIDIA (US), Nippon Seiki (Japan), Panasonic (Japan), Magneti Marelli (Italy), and IAC Group (Luxembourg) to name a few.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Browse 76 market data Tables and 65 Figures spread through 166 Pages and in-depth TOC on "Digital Instrument Cluster - Global Forecast to 2025"
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=263218348
9-11-inch display size to be the largest segment of the Digital Instrument Cluster Market owing to the increasing demand for aesthetics and advanced features in the instrument cluster
The 9-11 inch digital instrument cluster is estimated to be the largest and fastest growing market for digital instrument cluster during the forecast period. Asia Pacific is estimated to register the highest growth for the 9-11 inch digital instrument cluster market. The market for 9-11 inch display size is larger than 5-8 inch owing to the increasing integration of new features in instrument cluster, rise in demand for bigger display, increasing demand by OEMs and end-users, and demand for vehicle aesthetics.
Passenger car to be the largest segment in the digital instrument cluster market
The passenger car segment is estimated to dominate the digital instrument cluster market during the forecast period. The adoption of advanced technologies continues to be high for passenger cars due to the high production and sales of passenger cars worldwide in comparison to commercial vehicles. In order to cater to the high demand for safety, convenience, and comfort in the passenger car segment, advanced features are needed to be configured in the vehicles. Advanced features such as a multi-camera system and voice recognition system need advanced instrument cluster to project real-time video over the display. Also, OEMs are increasing the adoption of digital instrument cluster in the passenger car segment as a product differentiation strategy. For instance, Volvo’s 2018 SUV model XC 40 will have a 12.3-inch TFT-LCD instrument cluster with information on car functions such as cruise control, trip calculator, and messages. Europe is estimated to be the largest digital instrument cluster market for passenger cars owing to increasing production of luxury passenger vehicles.
Battery electric vehicle to be the largest market in the electric vehicle digital instrument cluster market
The report classifies the digital instrument cluster market by electric vehicle into BEV, FCEV, HEV, and PHEV. The digital instrument cluster market for battery electric vehicle (BEV) is estimated to be the largest market in the electric vehicle segment. Leading OEMs that are launching the BEV equipped with a digital instrument cluster in the Asia Pacific region are BYD, Nissan Geely, and Zotye. BYD E6, Nissan Note, Emgrand EC7, and Zotye Cloud 100 are some of the top-selling BEV models in the Asia Pacific region that are equipped with a digital instrument cluster.
Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=263218348
TFT-LCD digital instrument cluster is estimated to be the largest digital instrument cluster market, by display type
The report classifies the digital instrument cluster market by display type into LCD, OLED, and TFT-LCD. The digital instrument cluster market for TFT-LCD is estimated to be the largest market in the display type segmentation. The demand for this display type is expected to grow with the decreasing prices of TFT-LCD and high compatibility of TFT-LCD for automotive applications. The TFT-LCD display type is avilable in 5-8 inch, 9-11 inch, and >12 inch disaply size. Honda Civic, Audi A4, and Range Rover are a few examples of vehicles that have a TFT-LCD digital instrument cluster. In terms of volume, Europe is estimated to be the largest market for digital instrument cluster owing to the huge production of luxury vehicles and increasing demand for electric vehicles.
The digital instrument cluster market is dominated by a few global players. Some of the key manufacturers operating in the market are Bosch (Germany), Continental (Germany), Visteon (US), Delphi (UK), Denso (Japan), NVIDIA (US), Nippon Seiki (Japan), Panasonic (Japan), Magneti Marelli (Italy), and IAC Group (Luxembourg) to name a few.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results