Product ID: SQMIG25A2057
Global Automotive Instrument Cluster Market Size, Share, Growth Analysis, By Cluster type.(analog, digital and hybrid), By Vehicle Type(passenger cars, light commercial vehicle) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2057 |
Region:
Global |
Published Date: February, 2024
Pages:
263
|
Tables:
62 |
Figures:
75
Global Automotive Instrument Cluster Market Dynamics
Automotive Instrument Cluster Market Drivers
Increase Demand for Electric Vehicles will Bolster Demand for Automotive Instrument Cluster
- The rapid growth in electric vehicle sales is expected to contribute to the growth of the digital type instrument cluster market. Superior graphic displays in digital instrument clusters are being used by manufacturers to improve the user experience. These displays, for example, provide constant information about the distance until the next charge, charged batteries, and other important information. Advanced graphic digital systems are gaining market traction as part of the development. The graphic display enhances the look of the display and dashboard by making features more visible. Improvements in the resolution and size of automobile LCDs and LEDs are expected to drive up demand for digital systems in order to meet the growing demand for highly visible design on a large screen. As a result, the demand for superior graphics displays is a key driver for market growth.
- Increasing Preference for Digital Solutions Drive the Market. Traditional automobile solutions are being transformed by manufacturers into all-digital solutions. As a result, consumers are becoming more interested in digital solutions for vehicle interiors. Manufacturers are focusing on developing digital systems for both entry-level vehicles and luxury vehicles. Digital systems are becoming more popular as a result of advancements in cluster technology such as rich graphics, retina-class resolution, photorealistic rendering, and smartphone integration. Manufacturers of digital systems are working on a variety of solutions and new features with varying capabilities for consumers and markets.
Automotive Instrument Cluster Market Restraints
High Cost to Hinder Market Growth
- The high cost of digital systems is the primary impediment to the market's growth. The high cost of display, integrated circuits, and maintenance may inhibit market growth. Another issue affecting market growth around the world is the rising threat of cyber attack on digital devices in vehicles.
Global Automotive Instrument Cluster Market Report Snapshots
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