Automotive Digital Instrument Cluster Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive Digital Instrument Cluster Market is Segmented by Vehicle Type (Passenger Cars, Commercial Vehicles), Electric Vehicle (BEV, PHEV, Other Electric Vehicles), Display (LCD, TFT-LCD, OLED), Display Size (5-8-inch, 9-11 inch, More than 12 inch), and Geography.

Market Snapshot

Market_overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: >8 %

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Market Overview

The automotive digital instrument cluster market is poised to register a CAGR of over 8% during the forecast period (2020 - 2025).

  • The automotive industry has entered the era of autonomous vehicles and ADAS. It is posing more demand on the instrument cluster to display content to the driver, which can be reconfigured based on context and driver preferences while displaying the required information to ensure a safe driving experience.
  • 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.

Scope of the Report

The automotive digital instrument cluster market covers the latest trends and technological development and its demand by display type, vehicle type, geography, and the market share of major automotive digital instrument cluster companies worldwide.

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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Key Market Trends

3D Cockpit Expected to be the Future of the Automotive Digital Instrument Cluster Market

Leading automotive digital instrument cluster manufacturers are developing new technologies to make the driver experience safer and more informative. Display manufacturers are increasing the depth of the image in digital clusters, enabling 3-D effects, for a more interactive experience. For instance,

  • In 2020, Continental AG has developed an innovative natural 3D light field instrument cluster for Genesis GV80, as the name suggests it brings the third dimension into upcoming vehicles display. The new technology will make the driver experience safer, more comfortable, and intuitive.
  • In 2019, Visteon Corporation launched the digital instrument cluster for PEUGEOT 208. PEUGEOT’s unique 3D i-Cockpit comes equipped with two TFTs, which provide graphical content with 3D animations and content on both screens.
Key trend_1

Asia-Pacific the Fastest Growing Market

The Asia-Pacific region is the largest automobile producer in the world. China, India, and Japan are the major economies in the regional market that are anticipated to grow at a faster rate in the global market. There is an increasing demand for enhanced safety, comfort, and convenience features in automobiles. OEMs are increasingly introducing advanced infotainment systems, telematics, gesture control systems, and central controllers in vehicles.

The automotive digital instrument cluster manufacturers are doing a partnership with other market participants to develop next-generation smart instrument cluster for their future vehicles. For instance,

  • In 2020, DENSO Corporation announced that in a joint effort with Qualcomm Technologies Inc., it is developing next-generation cockpit systems. The company’s main focus is to enhance Harmony Core 4 integrated cockpit system, which can coordinate with external cloud services and new HMI products.
  • Panasonic developed an advanced cockpit concept, which features multiple displays and touchless operation. The innovative electronic cockpit solution combines the digital instrument cluster with other displays to use HMI continuously.
Key trend_2

Competitive Landscape

The automotive digital instrument cluster market is consolidated and majorly dominated by few players, such as Robert Bosch Gmbh, Visteon Corporation, and Continental AG. The market is significantly driven by factors like advanced technology, more use of sensors, growing investment in R&D projects, and the increasing market for electric and autonomous vehicles. To provide more information to the driver major automotive digital instrument, cluster manufacturers are developing new technology for the future and expanding their market reach. For instance,

  • Continental is working in collaboration with Leia Inc. for the development of a new 3D display based on the natural 3D Lightfield Technology. This technology saves weight, space, and reduce costs, and it will display all digital services to all the passengers in a connected car. The innovative system is planned for production by 2022.
  • In 2018, Bosch unveiled its curved instrument cluster for Volkswagen Touareg. This 12.3-inch instrument cluster reflects four times less light as compared to other conventional displays.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Vehicle Type

      1. 5.1.1 Passenger Cars

      2. 5.1.2 Commercial Vehicles

    2. 5.2 By Electric Vehicle Type

      1. 5.2.1 BEV

      2. 5.2.2 PHEV

      3. 5.2.3 Other Electric Vehicle Types

    3. 5.3 By Display Type

      1. 5.3.1 LCD

      2. 5.3.2 TFT-LCD

      3. 5.3.3 OLED

    4. 5.4 By Display Size Type

      1. 5.4.1 5-8-inch

      2. 5.4.2 9-11 inch

      3. 5.4.3 More than 12 inch

    5. 5.5 By Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Rest of Europe

      3. 5.5.3 Asia Pacific

        1. 5.5.3.1 India

        2. 5.5.3.2 China

        3. 5.5.3.3 Japan

        4. 5.5.3.4 South Korea

        5. 5.5.3.5 Rest of Asia-Pacific

      4. 5.5.4 Rest of the World

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Mexico

        3. 5.5.4.3 United Arab Emirates

        4. 5.5.4.4 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Visteon Corporation

      2. 6.2.2 Robert Bosch GmbH

      3. 6.2.3 Spark Minda

      4. 6.2.4 Continental AG

      5. 6.2.5 Denso Corporation

      6. 6.2.6 Panasonic Corporation

      7. 6.2.7 Nippon Seiki Co. Ltd

      8. 6.2.8 IAC Group

      9. 6.2.9 Magneti Marelli SpA

      10. 6.2.10 Yazaki Corporation

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Digital Instrument Cluster Market market is studied from 2018 - 2026.

The Automotive Digital Instrument Cluster Market is growing at a CAGR of >8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

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

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