Automotive Digital Instrument Cluster Market to Reach $6,590.2 Million by 2023

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The market growth is mainly driven by increasing sales of premium and electric cars. In addition, the growing penetration of in-vehicle safety features is expected to boost the market growth during the forecast period.
The global automotive digital instrument cluster market size is projected to reach $6,590.2 million by 2023.
Industry trends indicate that by 2030, majority of the cars will have vehicle-to-infrastructure connectivity and vehicle-to-vehicle connectivity that will ensure better road and passenger safety. Digital instrument cluster improves safety by reducing distraction while driving, and displays safety-critical driver information centrally in the driver’s primary viewing range.
On the basis of display size, the market is segmented into 5-8 inch, 9-11 inch, and more than 12 inch categories. The screen size between 9-11 inches has been leading the automotive digital instrument cluster market in terms of share; however, more than 12 inch displays are expected to be the fastest growing category during the forecast period.
Globally, Europe has been sealing the largest share in the market, with an estimated revenue contribution of more than 40.0% in 2017. The sales of these instrument clusters are dependent on the sales of premium and electric cars, as these cars are generally installed with digital instrument clusters.
Some of the other major players in the automotive digital instrument cluster market include Magneti Marelli S.p.A, Robert Bosch GmbH, Delphi Automotive PLC, DENSO Corporation, Yazaki Corporation, Nippon Seiki Co. Ltd., NVIDIA Corporation, Panasonic Corporation, and Intel Corporation.

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