Automotive Digital Instrument Cluster Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to automotive digital instrument cluster market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Automotive Digital Instrument Cluster Market News

  • In April 2024, Hero Electronix's Tessolve venture entered a strategic partnership with NXP Semiconductors to fasten the development pace of a digital linked cluster reference design for mass market use. Its building blocks are comprised of NXP's i.MX RT1170 crossover MCU, AW611 Wi-Fi/Bluetooth combination chip, KW45 Bluetooth LE smart access MCU, and PF5103 multi-channel PMIC.
  • In October 2023, the Japanese multinational automobile manufacturer unveiled the 'Nissan Hyper Force' concept car, the next generation in a line of high-performance EVs, at the Japan Mobility Show 2023. The more prominent features of the Nissan Hyper Force were the sophisticated instrument panel GUI, which had taken a collaborative approach on with Polyphony Digital.
  • In January 2023, Harman, a subsidiary of Samsung Electronics, signed a multi-year partnership with Ferrari to enhance digital cockpit development across Ferrari's entire vehicle line-up.

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Global Automotive Digital Instrument Cluster Market size was valued at USD 9.86 Billion in 2023 and is poised to grow from USD 10.51 Billion in 2024 to USD 16.3 Billion by 2032, growing at a CAGR of 6.5% in the forecast period (2025-2032).

Bosch, Continental AG, Denso Corporation, Magna International, and Harman International are some of the leading players in the competitive automotive digital instrument cluster market. These companies focus on innovation through developing high-tech digital displays, incorporating AI, and making the interface easier for users. They also collaborate with the manufacturers of automobiles to develop specific solutions for mass market and luxury cars. Due to this rising trend of connected and electrified vehicles, the market is getting competitive. 'Bosch', 'Continental AG', 'Denso Corporation', 'Magna International', 'Harman International', 'NXP Semiconductors', 'Visteon Corporation', 'Panasonic Corporation', 'Aptiv PLC', 'Valeo', 'Delphi Technologies', 'LG Electronics', 'ZF Friedrichshafen AG', 'Kyocera Corporation', 'Epson'

Advanced digital instrument clusters are being increasingly demanded because consumers are asking for more feature rich and intuitive car experiences. These groups of clusters give an upgraded driving experience by integrated entertainment, navigation, and safety systems. Increasing the better screens and high-tech features subsequently continues to push the market growth as carmakers look at their digital transformation.

Increased Connectivity and AI Integration: Integration of networked features along with artificial intelligence with the in-car digital instrument cluster has been one of the major global automotive digital instrument cluster market trends. Automotive digital instrument clusters are moving from merely being a simple display element to very complex systems that include voice command, personalized services, real-time traffic, and other predictive analytics. These developments are making the user experience better and are helping in building smarter, more connected vehicles.

North America holds a majority market share in the global automotive digital instrument cluster industry. The region boasts of a growing automotive industry, particularly in the US and Canada, where the demand for modern car technology such as infotainment systems and digital dashboards is strong. North American consumers have taken to premium and electric cars in large numbers, which often come with larger, high-resolution digital instrument clusters. The presence of prominent automakers and tech companies that conduct automotive electronics research and development also increases the market's growth in this field. Severe regulatory conditions and a focus on driver safety also drive the demand for innovative digital solutions.

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Global Automotive Digital Instrument Cluster Market
Automotive Digital Instrument Cluster Market

Report ID: SQMIG25E2148

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