Pune, India -- (SBWire) -- 04/27/2018 --Automotive Digital Instrument Cluster Market Analysis 2018 to 2023 by MarketReserarchFuture, Automotive Digital Instrument Cluster Market by Display Size (5-8 inch, 9-11 inch, >12 inch), Display Type (OLED, LCD, TFT-LCD), Type of Fuel used (Petrol, Diesel, BEV, PHEV, HEV), Vehicle Type (Passenger, Commercial), and Region with forecast to 2023.
There are several factors that are responsible for the growth of the automotive digital instrument cluster market. Some of them are fatigued drivers getting confused due to the readings shown on the analog systems, the easily readable and comprehensible digital display panel, and the vehicle service personnel prefer these digital panels due to the precise and easy on eye information display aiding the diagnostic and vehicle repair. Economies of scale, with respect to manufacture and maintenance of these digital systems while bulk producing the thousands of cars, also adds to the market growth. The global automotive digital instrument cluster market is expected to grow with a CAGR of approx. 20 % (2017 to 2023).
Global Automotive Digital Instrument Cluster Key Players Reviewed:
Continental AG (Germany), Nvidia Corporation (U.S.), Robert Bosch GmbH (Germany), Nippon Seiki (Japan), Visteon Corporation (U.S.), IAC Group (Luxembourg) and Panasonic (Japan). Delphi Technologies (U.K.), Magneti Marelli S.p.A. (Italy), Denso Corporation (Japan), Sharp Corporation (Japan), Alpine Electronics, Inc.(Japan), Mitsubishi Electric Corporation (Japan), Luxoft (Switzerland), Yazaki Corporation (Japan), ID4Motion (Netherlands) and Nippon Seiki Company Ltd. (Japan) are among others.
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On the basis of the display size, the most commonly used display seze is the '9-11 inch' type. Due to the optimum size and low cost of production, this particular size variety is in large demand and will continue to do so for the foreseeable future. Of the display types, the 'TFT-LCD' type is in great demand. The superior display clarity and relative low cost of production (in cases of bulk production) makes it the largest segment in the market. On the basis of the type of fuel used, all five types (petrol, diesel, BEV, PHEV, and HEV) will see an upward trend in shifting to the digital cluster system. This is due to the simplicity and user-friendly design of the digital instrument cluster system.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The North America market (especially U.S. and Canada), has seen a consistent rise in the number of automobiles plying on the road. Owing to mediocre public transport system, the customers here prefer personal vehicles for carrying out their daily activities. The digital instrument cluster provides greater control and better visibility of all the possible vehicle parameters, due to which it is the ideal riding aide for long distance journeys. The Asia Pacific automotive market has always has a strong global presence due to the big global player – Japan. The Japanese technologically advanced cars are always better off with the support of advanced digital instrument cluster, especially with huge sales in India and China. The Europe market has always had a prevalence of high-end cars, which again are better complimented with high tech digital instrument cluster systems.
The report for Global Automotive Digital Instrument Cluster Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Browse more on this report at: https://www.marketresearchfuture.com/reports/automotive-digital-instrument-cluster-market-5710
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Automotive Digital Instrument Cluster Market: 2018 to 2023 Analysis by Size, Share, Growth Factors, Key Players, and Regional Outlook
Automotive Digital Instrument Cluster Market Information by Display Size (5-8 inch, 9-11 inch, >12 inch), Display Type (OLED, LCD, TFT-LCD), Type of Fuel used (Petrol, Diesel, BEV, PHEV, HEV), Vehicle Type (Passenger, Commercial), and Region.