Automotive Digital Instrument Cluster Market Size (2024 - 2029)

The automotive digital instrument cluster market is experiencing significant growth, driven by the evolution of display systems and the increasing integration of advanced driver-assistance systems (ADAS) in vehicles. The transition from mechanical to digital displays has led to larger, higher-resolution instrument clusters that can be reconfigured based on driving modes and driver preferences. Despite challenges posed by the COVID-19 pandemic, such as reduced consumer purchasing power and supply chain disruptions, the market has rebounded as automotive production resumed. The demand for digital instrument clusters is expected to expand, reflecting a robust market size during the forecast period.

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Market Size of Automotive Digital Instrument Cluster Industry

Automotive Digital Instrument Cluster Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 8.66 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Medium

Major Players

Automotive Digital Instrument Cluster Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automotive Digital Instrument Cluster Market Analysis

The automotive digital instrument cluster market was valued at USD 2.76 Billion in 2021 and is estimated to surpass net valuation of USD 4.62 Billion by 2027 registering a CAGR of over 8% during the forecast period 2022-2027.

The digital instrument cluster has become smarter, as it comes with various driving modes; instrument clusters change according to the driving modes. As the overall display system of the vehicle is evolving with the introduction of multiple display systems, the cost of the instrument cluster is expected to decrease in the future.

Instrument clusters in vehicles are growing rapidly. The new instrument clusters are larger and come with higher resolution. They have evolved from large mechanical displays to electromechanical and now to completely digital displays.

The automotive industry has entered the era of autonomous vehicles and ADAS. Growing production of vehicles with integrated ADAS features in wake of rising awareness toward comfort and safety of passengers and government regulations mandating safety features expected to drive demand in the market. In addition, which can be reconfigured based on context and driver preferences while displaying the required information to ensure a safe driving experience.

Although, the COVID-19 pandemic has decreased the consumer purchasing power, contributed to a significant drop in oil prices, and consequently lowered gasoline prices. For traditional vehicles with internal combustion engines (ICEs), the drop in gasoline prices may decrease the total cost of ownership. Although EVs may still have lower total costs of ownership than traditional ICE vehicles in most segments, the advantages may not be as great and that may influence the sales. The impact on supply chain and deliveries has affected many vehicle manufacturers across the world, as they depend on suppliers for the parts. The outbreak has resulted in delays in customer and partner deliveries. Thus during the period there has been low production volumes and thus installation of digital instrument clustered felled marginally.

Although soon after, Q2 2021, market regain its growth phase as automotive production again started across the globe. Considering the aforementioned factors, market is expected to witness higher revenue growth capacity during the forecast period.

Automotive Digital Instrument Cluster Industry Segmentation

Automotive Digital Instrument Clusters are basically a replacement for conventional analog gauges, the electronic instrument cluster is a display comprised of the speedometer, tachometer, and multi-information display. Growth in demand and recent development have been mapped in the detailed report it also covers market forecast, competitive landscape, and product developments

The automotive digital instrument cluster market is segmented by Display Type, Vehicle Type, Electric Type, and Geography.

By Vehicle Type, the market is segmented as Passenger Cars, Commercial Vehicles.

By Electric Vehicles Type, the market is segmented as BEV, PHEV, and Other Electric Vehicles.

By Display Type, the market is segmented as LCD, TFT-LCD, OLED, Display Size 5-8-inch, 9-11 inch, and More than 12 inch.

and Geography, the market is segmented as North America, Europe, Asia-Pacific, and Rest of the World.

By Vehicle Type
Passenger Cars
Commercial Vehicles
By Electric Vehicle Type
BEV
PHEV
Other Electric Vehicle Types
By Display Type
LCD
TFT-LCD
OLED
By Display Size Type
5-8-inch
9-11 inch
More than 12 inch
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
Mexico
United Arab Emirates
Other Countries
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Automotive Digital Instrument Cluster Market Size Summary

The automotive digital instrument cluster market is experiencing significant growth, driven by advancements in technology and the increasing demand for enhanced vehicle features. These clusters have evolved from mechanical displays to fully digital systems, offering larger sizes and higher resolutions. The integration of advanced driver-assistance systems (ADAS) and the shift towards autonomous vehicles are key factors propelling market demand. Despite challenges posed by the COVID-19 pandemic, such as reduced consumer purchasing power and supply chain disruptions, the market has shown resilience and is expected to continue its upward trajectory. Leading manufacturers are focusing on developing innovative technologies, such as 3D displays and advanced camera systems, to enhance driver safety and interaction.

The Asia-Pacific region, particularly China, India, and Japan, is a major contributor to the market's growth, with a rising demand for vehicles equipped with advanced safety and infotainment features. The market is characterized by a few dominant players, including Robert Bosch GmbH, Visteon Corporation, and Continental AG, who are investing in research and development to stay competitive. Collaborations and partnerships, such as those between DENSO Corporation and Qualcomm Technologies Inc., are fostering the development of next-generation smart instrument clusters. These efforts are aimed at integrating digital instrument clusters with other vehicle systems to provide a seamless and informative driving experience. As the automotive industry continues to evolve, the digital instrument cluster market is poised for substantial growth, driven by technological advancements and increasing consumer expectations.

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Automotive Digital Instrument Cluster Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Value USD Million)

    1. 2.1 By Vehicle Type

      1. 2.1.1 Passenger Cars

      2. 2.1.2 Commercial Vehicles

    2. 2.2 By Electric Vehicle Type

      1. 2.2.1 BEV

      2. 2.2.2 PHEV

      3. 2.2.3 Other Electric Vehicle Types

    3. 2.3 By Display Type

      1. 2.3.1 LCD

      2. 2.3.2 TFT-LCD

      3. 2.3.3 OLED

    4. 2.4 By Display Size Type

      1. 2.4.1 5-8-inch

      2. 2.4.2 9-11 inch

      3. 2.4.3 More than 12 inch

    5. 2.5 By Geography

      1. 2.5.1 North America

        1. 2.5.1.1 United States

        2. 2.5.1.2 Canada

        3. 2.5.1.3 Rest of North America

      2. 2.5.2 Europe

        1. 2.5.2.1 Germany

        2. 2.5.2.2 United Kingdom

        3. 2.5.2.3 France

        4. 2.5.2.4 Rest of Europe

      3. 2.5.3 Asia-Pacific

        1. 2.5.3.1 India

        2. 2.5.3.2 China

        3. 2.5.3.3 Japan

        4. 2.5.3.4 South Korea

        5. 2.5.3.5 Rest of Asia-Pacific

      4. 2.5.4 Rest of the World

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Mexico

        3. 2.5.4.3 United Arab Emirates

        4. 2.5.4.4 Other Countries

Automotive Digital Instrument Cluster Market Size FAQs

The Automotive Digital Instrument Cluster Market is projected to register a CAGR of 8.66% during the forecast period (2024-2029)

Visteon Corporation, Robert Bosch GmbH, Denso Corporation, Continental AG and Magneti Marelli S.p.A. are the major companies operating in the Automotive Digital Instrument Cluster Market.

Digital Instrument Cluster Market for Automotive Report Snapshots

Automotive Digital Instrument Cluster Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)