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Automotive Digital Instrument Cluster Market Share

Report ID: GMI4389
Published Date: Oct 2019
Report Format: PDF

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Automotive Digital Instrument Cluster Market Share

The automotive digital instrument cluster market comprises a few but established companies across the globe. Several upcoming players are investing huge amounts in R&D activities related to the development of advanced systems. These strategies will lead to the emergence of several new players over the forecast timeline owing to the high demand from OEMs.

Prominent companies include:

Continental AG
Robert Bosch GmbH
Visteon Corporation
Nvidia Corporation
Nippon Seiki
Panasonic Corporation
Denso Corporation
Magneti Marelli S.p.A
Luxoft
ID4Motion
IAC Group,
Nippon Seiki Company Ltd.

The players are continuously undergoing product development and innovation strategies to offer application-specific products and address the global automobile industry demand. For instance, in August 2019, Bosch announced its strategic initiative for the development of 3D instrument cluster, which will allow drivers to see dimensions & icons without glasses. The system would be safer and more efficient with the inclusion of all control functions in the central processing unit.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of automotive digital instrument cluster valued at over USD 2 billion in 2018.

The industry share of automotive digital instrument cluster is estimated to exhibit around 20% CAGR from 2019 to 2025.

Rapid development of smart vehicle technologies, increasing demand for luxury vehicles and fierce competition among OEMs are some of the most prominent determinants pushing product sales.

Increasing consumption and production of high-end, luxury vehicles and the presence of prominent OEMs like BMW, Audi, Mercedes and Volkswagen are likely to push product adoption across Europe in coming years.

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