Published Date: May 2024
Automotive Instrument Cluster plays a crucial role in enhancing the safety, convenience, and functionality of modern vehicles. The speedometer displays the vehicle's current speed in miles per hour (mph) or kilometers per hour (km/h). It's one of the most essential components for maintaining safe and legal driving speeds.
The rise of electric vehicles has led to a need for specialized instrument clusters to display information related to battery status, range, and energy consumption, driving innovation in Automotive Instrument Cluster Market segment. Modern vehicles are equipped with advanced infotainment systems and connectivity features. Instrument clusters play a role in displaying and controlling these systems, increasing their importance.
The report “Automotive Instrument Cluster Market, By Vehicle Type (Heavy Commercial Vehicle, Passenger Cars, Electric Vehicles, and Light Commercial Vehicle), By Display (OLED, TFT-LCD, and LCD), By Cluster Type (Digital, Hybrid, and Analog), By Application (Odometer, and Speedometer) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”
Key Highlights:
- In June 2019, the innovative 3D Lightfield Display from Continental AG and Leia introduced the third dimension to automotive vehicles. Leia Inc., a company based in Silicon Valley, collaborates with Continental. All passengers in a car can enjoy a never-before-seen 3D experience without any additional eyewear thanks to innovative Lightfield technology. For rising expectations on comfort and safety inside the vehicle, a comprehensive display technology and content platform is required.
Analyst View:
The integration of AR in instrument clusters can provide drivers with real-time information, such as navigation directions, directly in their line of sight, enhancing safety and convenience. Regulations mandating the inclusion of certain safety features and information in instrument clusters drive innovation in the market. For example, requirements for tire pressure monitoring systems (TPMS) have led to TPMS displays in clusters.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Automotive Instrument Cluster Market, By Vehicle Type (Heavy Commercial Vehicle, Passenger Cars, Electric Vehicles, and Light Commercial Vehicle), By Display (OLED, TFT-LCD, and LCD), By Cluster Type (Digital, Hybrid, and Analog), By Application (Odometer, and Speedometer) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”
Key Market Insights from the report:
Automotive Instrument Cluster Market accounted for US$ 3.9 Billion in 2024 and is estimated to be US$ 7.1 Billion by 2034and is anticipated to register a CAGR of 6.70%. Automotive Instrument Cluster Market is segmented based on Vehicle Type, Display, Cluster Type, Application and Region.
- Based on Vehicle Type, Automotive Instrument Cluster Market is segmented into Heavy Commercial Vehicle, Passenger Cars, Electric Vehicles, and Light Commercial Vehicle.
- Based on Material Type, Automotive Instrument Cluster Market is segmented into OLED, TFT-LCD, and LCD.
- Based on Module Type, Automotive Instrument Cluster Market is segmented into Digital, Hybrid, and Analog.
- Based on Application, Automotive Instrument Cluster Market is segmented into Odometer, and Speedometer.
- By Region, the Automotive Instrument Cluster Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Automotive Instrument Cluster Market:
The prominent players operating in the Automotive Instrument Cluster Market includes, Yazaki Corporation, Magneti Marelli S.p.A., Panasonic Corporation, Robert Bosch GmbH, NVIDIA Corporation, DENSO Corporation, Nippon Seiki Co. Ltd., Delphi Automotive PLC, Intel Corporation, and Continental AG.
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