Digital Instrument Cluster Market Trends by Embedded Technology and AI to 2025 - Global Major Manufacturers Production and Sales Market Comparison
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
(EMAILWIRE.COM, December 13, 2018 ) Europe is estimated to be the largest digital instrument cluster market for passenger cars owing to the huge production of luxury vehicles in the region. Audi A4, Audi Q5, Mercedes-Benz A-class,Volkswagen Golf, and BMW 5 series are some of the top-selling passenger cars in Europe that are equipped with a digital instrument cluster. In case of commercial vehicles, North America is estimated to be the largest digital instrument cluster market.
Download Free Brochure of Digital Instrument Cluster Market spread across 166 Pages, Profiling 13 Companies and Supported with 76 Tables and 65 Figures is now available at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1600745 .
The report analyzes the digital instrument cluster market across different verticals and regions. It aims at estimating the market size and future growth potential of the digital instrument cluster market by region (Asia Pacific, Europe, North America, and RoW), display type (LCD, OLED, and TFT-LCD), display size (5-8 inch, 9-11 inch, and >12 inch), electric vehicles (BEV, FCEV, HEV, and PHEV),vehicle type (PC, CV), and embedded type (AI and Non-AI).
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.
Digital Instrument Cluster Market, By Embedded Technology
1 Introduction
2 AI Based: Digital Instrument Cluster
3 Non-AI-Based: Digital Instrument Cluster
Digital Instrument Cluster Market, By Electric Vehicle
1 Introduction
2 Battery Electric Vehicle (BEV)
3 Fuel Cell Electric Vehicle (FCEV)
4 Plug-In Hybrid Electric Vehicle (PHEV)
5 Hybrid Electric Vehicle (HEV)
Click Here for 20% Discount on Digital Instruments Cluster Market Research Report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=1600745 .
Europe is estimated to be largest market for digital instrument cluster during forecast period. Factors like increasing vehicle production and growing demand for luxury vehicles & electric vehicles in region are driving digital instrument cluster market in Europe. In addition, Europe is considered to be a hub for production and sale of luxury cars, which in turn drive demand for digital instrument cluster.
The break-up of the primaries is as follows:
• By Company Type –Tier-1 - 39%, Tier 2 - 38% and Others- 23%.
• By Designation - C level – 56%, D level - 28%, and Others - 16%
• By Region – North America - 42%, Europe-29%, Asia Pacific - 24%, RoW- 5%
Key OEMs that are launching vehicles equipped with a digital instrument cluster in the European region are Audi, Mercedes-Benz, and Volkswagen. The market growth can be attributed to the rapid increase in the demand for luxury vehicles which offer better safety, convenience, and comfort among others.
More Information on “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” report https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1600745 .
In addition, Europe is considered to be a hub for the production and sale of luxury cars, which in turn drive the demand for the digital instrument cluster. The penetration of digital instrument cluster in passenger vehicles in Europe ranges between 25-36% in 2017 and is expected to reach up to 40-58% by 2025. Germany and the UK have a high installation rate in passenger vehicles of approximately 36% in 2017. The installation rate of digital instrument cluster in these two countries is expected to reach 58% and 57%, respectively by 2025. The market growth can be attributed to the rapid increase in the demand for luxury vehicles which offer better safety, convenience, and comfort among others. Key OEMs that are launching vehicles equipped with a digital instrument cluster in the European region are Audi, Mercedes-Benz, and Volkswagen.
Download Free Brochure of Digital Instrument Cluster Market spread across 166 Pages, Profiling 13 Companies and Supported with 76 Tables and 65 Figures is now available at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1600745 .
The report analyzes the digital instrument cluster market across different verticals and regions. It aims at estimating the market size and future growth potential of the digital instrument cluster market by region (Asia Pacific, Europe, North America, and RoW), display type (LCD, OLED, and TFT-LCD), display size (5-8 inch, 9-11 inch, and >12 inch), electric vehicles (BEV, FCEV, HEV, and PHEV),vehicle type (PC, CV), and embedded type (AI and Non-AI).
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.
Digital Instrument Cluster Market, By Embedded Technology
1 Introduction
2 AI Based: Digital Instrument Cluster
3 Non-AI-Based: Digital Instrument Cluster
Digital Instrument Cluster Market, By Electric Vehicle
1 Introduction
2 Battery Electric Vehicle (BEV)
3 Fuel Cell Electric Vehicle (FCEV)
4 Plug-In Hybrid Electric Vehicle (PHEV)
5 Hybrid Electric Vehicle (HEV)
Click Here for 20% Discount on Digital Instruments Cluster Market Research Report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=1600745 .
Europe is estimated to be largest market for digital instrument cluster during forecast period. Factors like increasing vehicle production and growing demand for luxury vehicles & electric vehicles in region are driving digital instrument cluster market in Europe. In addition, Europe is considered to be a hub for production and sale of luxury cars, which in turn drive demand for digital instrument cluster.
The break-up of the primaries is as follows:
• By Company Type –Tier-1 - 39%, Tier 2 - 38% and Others- 23%.
• By Designation - C level – 56%, D level - 28%, and Others - 16%
• By Region – North America - 42%, Europe-29%, Asia Pacific - 24%, RoW- 5%
Key OEMs that are launching vehicles equipped with a digital instrument cluster in the European region are Audi, Mercedes-Benz, and Volkswagen. The market growth can be attributed to the rapid increase in the demand for luxury vehicles which offer better safety, convenience, and comfort among others.
More Information on “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” report https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1600745 .
In addition, Europe is considered to be a hub for the production and sale of luxury cars, which in turn drive the demand for the digital instrument cluster. The penetration of digital instrument cluster in passenger vehicles in Europe ranges between 25-36% in 2017 and is expected to reach up to 40-58% by 2025. Germany and the UK have a high installation rate in passenger vehicles of approximately 36% in 2017. The installation rate of digital instrument cluster in these two countries is expected to reach 58% and 57%, respectively by 2025. The market growth can be attributed to the rapid increase in the demand for luxury vehicles which offer better safety, convenience, and comfort among others. Key OEMs that are launching vehicles equipped with a digital instrument cluster in the European region are Audi, Mercedes-Benz, and Volkswagen.
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ReportsnReports
Mr. Hrishikesh
Tel: + 18883915441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results