Automotive Dashboard Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The automotive dashboard market is anticipated to register a CAGR of over 7% during the forecast period, 2020 - 2025.

• The adoption of advanced driver assistance systems, coupled with the increasing levels of electrification in vehicles, has been transforming the dashboard of both passenger and commercial vehicles. The role of infotainment systems may become primary for the smooth operation of the vehicle and ensuring the safety, security, and comfort of the passenger.
• With the evolution of technology, dashboards may undergo significant changes soon, provisioning an enormous scope for market expansion. Digitization of the dashboard has emerged as one of the significant trends in the market studied, as these systems give greater control over the vehicle to the passenger, thereby, making it an attractive feature.
• The trends in the automotive industry, such as the connected vehicles, autonomous vehicles, and electric vehicles, may shift the focus of automakers to interiors for product differentiation to increase the market growth.
• The market for infotainment systems may be further strengthened by investment being made by automakers and tech companies. For example, on September 14, 2017, Samsung Electronics Co. Ltd had announced a strategic partnership with TTTech and promised to invest around USD 90 million for the development of autonomous and ADAS technologies.
• Dashboards are expected to play a vital role in connected cars, such as navigation, driving assist systems, and autonomous emergency braking systems.

Scope of the report

The automotive dashboard market report covers the latest trends that have been transforming the dashboards in both the passenger cars and commercial vehicles, the factors contributing for the growth of infotainment system adoption, various dashboard designs, the impact of aftermarket sales channel, country-wise trends, latest developments, and market shares of players operating in the market studied. Additionally, the report is segmented by type, vehicle type, sales channel, and geography.

The scope of the report includes:

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Key Market Trends

Technological Developments Creating Demand for LCD Dashboards

Digital dashboards demand may be largely dependent on sales of premium and luxury vehicles, as these new products are expected to be inflated, and hence, the inclusion of these systems in vehicles of other premium and luxury variants is not financially feasible.

With the advancements in technology, newly introduced dashboards have also been integrating the display of gauges, and controls, as well as information, climate control, and entertainment systems. Few vehicles include tachometer, speedometer, fuel gauge, odometer, gearshift position indicator, turn indicators, seat belt warning light, engine-malfunction lights, parking-brake warning light, indicators for low fuel, low tire pressure and faults in the airbag, low oil pressure, entertainment equipment, and information systems, among others.

The demand for passenger vehicles is typically high, attributed to an increase in the per capita income. Also, customization of the dashboard in their personal vehicles has been driving the market studied.

Also, the aftermarket has been driving in recent years. One significant example of this is Chevrolet offering both exterior and interior upgrades.

A major factor related to the automotive dashboard camera market is the thermal noise of these devices. Noise reduction is essential in automotive systems, as the image quality is directly impacted by these parameters. Component manufacturers have been working on developing Ethernet cameras, which have been capable of reducing the thermal noise to a huge extent. These cameras need a memory card for storage space, which may lead to recurring costs for buying memory cards.

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