The surging adoption of automotive digital instrument clusters can be attributed to the burgeoning sales of premium cars across the world. Audi, Lexus, Porsche, Volvo Cars, Land Rover, Infiniti, and Cadillac are some of the most popular luxury car brands in the world. Moreover, the increasing integration of innovative human-machine interface (HMI) solutions in car cabins, owing to the soaring competition among premium car manufacturers, is also boosting the adoption of digital instrument clusters in the automobile industry.
Additionally, the rising incorporation of display-based digital instrument clusters in vehicles will fuel the automotive digital instrument cluster market at a CAGR of 21.8% during 2018–2023. According to P&S Intelligence, the market revenue is expected to surge from $2.0 billion in 2017 to $6.6 billion in 2023. A larger display panel offers a wide view and is better for rapid viewing of information. Moreover, the reducing cost of the central processing units (CPUs) and liquid crystal display (LCDs) panels will also amplify the installation of large-sized display-based digital instrument clusters in the coming years.
Nowadays, Visteon Corporation, Continental AG, Magneti Marelli S.p.A., Intel Corporation, DENSO Corporation, NVIDIA Corporation, Robert Bosch GmbH, Panasonic Corporation, Delphi Automotive PLC, Nippon Seiki Co. Ltd., and Yazaki Corporation are focusing on product launches and partnerships to offer better digital instrument clusters to automotive original equipment manufacturers (OEMs) and aftermarket suppliers. For example, in January 2018, Intel Corporation and Luxoft together developed a solution for a novel automotive reference platform (ARP) and prototyping platform for advanced driver assistance systems (ADAS) and infotainment.
Globally, Europe adopted the highest volume of automotive digital instrument cluster in the recent past, due to the vast sales of electric and premium cars in the region. According to the European Federation for Transport and Environment, in 2020, battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) accounted for 5.4% and 5.1% of the passenger car sales in the European Union nations. Volkswagen ID.3, Renault Zoe, and Tesla Model 3 are the most widely sold BEVs, whereas Mercedes A250e, Volvo XC40, and e Volkswagen Passat are the top-selling PHEVs in EU nations.
Thus, the growing adoption of premium cars and ongoing development in autonomous technology will augment the need for digital instrument clusters in the automotive sector in the coming years.
Instrument Cluster Market can be defined as instrument that installed in the a vehicle above the steering wheel that displays information related to the vehicle operation such as fuel level, vehicle speed, fuel level and the status of various vehicular systems.
This information is generally presented in the form of needle gauges, digital readouts and lighted symbols.
The speedometer is main component of the instrument cluster.China instrument cluster market is projected to register a substantial CAGR in the forecast period of 2019 to 2026.
Get Sample Report at : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=china-instrument-cluster-marketCompetitive Analysis: China Instrument Cluster MarketSome of the major players operating in this market are NIPPON SEIKI CO., LTD., Continental AG, Robert Bosch LLC, Denso Corporation, Magneti Marelli S.P.A, Yazaki Corporation, Visteon Corporation, Calsonic Kansei Corporation, Pricol Limited , Cypress Semiconductor Corporation, Nvidia Corporation, Dongfeng Electronic Technology Co.,Ltd., Parker Hannifin Corporation,Iac Group, Panasonic Corporation, Mitsubishi Electric Corporation, Harman International, Inc., Kyocera International, Inc.,Japan Display Inc, Ford Motor Company, Desay Corporation, ,Renesas Electronics Corporation.Key Pointers Covered in the China Instrument Cluster Market Trends and Forecast to 2026China Instrument Cluster Market New Sales VolumesChina Instrument Cluster Market Replacement Sales VolumesChina Instrument Cluster Market Installed BaseChina Instrument Cluster Market By BrandsChina Instrument Cluster Market SizeChina Instrument Cluster Market Procedure VolumesChina Instrument Cluster Market Product Price AnalysisChina Instrument Cluster Market Healthcare OutcomesChina Instrument Cluster Market Cost of Care AnalysisChina Instrument Cluster Market Regulatory Framework and ChangesChina Instrument Cluster Market Prices and Reimbursement AnalysisChina Instrument Cluster Market Shares in Different RegionsRecent Developments for China Instrument Cluster Market CompetitorsChina Instrument Cluster Market Upcoming ApplicationsChina Instrument Cluster Market Innovators StudyGet Detailed TOC:https://www.databridgemarketresearch.com/toc/?dbmr=china-instrument-cluster-marketScope of the Instrument Cluster MarketChina Instrument Cluster Market By Vehicle Category (Passenger Car, Commercial Vehicle, Two-Wheeler, Off-Highway Vehicle (OHV), Agriculture Vehicle, Others), Vehicle Type (Internal Combustion vehicle (ICV), Electric Vehicle), Cluster Type (Hybrid, Analog, Digital), Application (Speedometer, Fuel Gauge, Odometer, Tachometer, Others), Sales Channel (Original Equipment Manufacturers (OEM), Aftermarket – Industry Trends and Forecast to 2026The instrument cluster market can be defined as instrument that installed in the a vehicle above the steering wheel that displays information related to the vehicle operation such as fuel level, vehicle speed, fuel level and the status of various vehicular systems.
The speedometer is main component of the instrument cluster.Instrument cluster mainly consists of graphics processor that integrated with 2D/3D accelerator, SDR, DDR or Nand Flash Controller, display controller that display graphics information with help of TFT, LCD display.
This cluster also integrates with CAN, MOST MLB, LVDS, Ethernet and USB that allow a direct connection to the rest of the network.The rising importance of the instrument cluster has enforces the players for the integration of digital technology to traditional clusters will enhance the overall performance of the cluster, thereby driving the market.Market Segmentation: China Instrument Cluster MarketGlobal Instrument Cluster Market is segmented into three notable segments which are vehicle category, vehicle type, cluster type, application and sales channel.On the basis of vehicle category, the market is segmented into passenger car, commercial vehicle, two-wheeler, off-highway vehicle (OHV), agriculture vehicle, and othersOn the basis of vehicle type, the market is segmented into internal combustion engine and electric vehicleOn the basis of cluster type, the market is segmented into digital, analog, and hybridOn the basis of application, the market is segmented into speedometer, fuel gauge, odometer, tachometer and othersOn the basis of sales channel, the market is segmented into original equipment manufacturer and sales channel Reasons to Purchase this Report:The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.Regions/Countries that are expected to witness the fastest growth rates during the forecast period.The latest developments, market shares, and strategies that are employed by the major market players.Speak to Author : https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=china-instrument-cluster-market Key insights in the report:Complete and distinct analysis of the market drivers and restraintsKey Market players involved in this industryDetailed analysis of the Market SegmentationCompetitive analysis of the key players involvedAbout Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
