Automotive Instrument Cluster Market - Segmentation Analysis and Forecast by Technavio

LONDON—According to the latest market study released by Technavio, the global automotive instrument cluster market is expected to grow at a CAGR of almost 6% during the predicted period.

This research report titled ‘Global Automotive Instrument Cluster Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

The growing sales of luxury vehicles are increasing the demand for digital instrument clusters. Due to the decrease in the price of TFT/LCD displays, even the low segment or mid-size segment cars are being equipped with hybrid instrument clusters. Major players such as Continental, Visteon, and Bosch are investing in R&D to provide a better consumer experience.

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Technavio’s analysts categorize the global automotive instrument cluster market into three major segments by technology. They are:

• Hybrid
• Analog
• Digital

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Global automotive analog instrument cluster market

Analog instrument clusters are the oldest and the primitive form of instrument clusters and were widely used in the automotive market. Entry-level passenger cars are mostly equipped with analog instrument clusters that have a speedometer, tachometer, fuel gauge, and other basic indicators and warning systems.

According to Amey Vikram, a lead automotive electronics research analyst from Technavio, “The vehicles are being equipped with more electronic and digital components. The reduced price of digital components has led to the acceptance of hybrid and digital instrument clusters. Even the consumers are expecting advanced features and displays in their vehicles.”

Global automotive hybrid instrument cluster market

Hybrid instrument clusters consist of digital and analog features and combine the two to display the information to the driver. They also provide partial reconfigurability where the instrument cluster is set to display predefined information. The user has no choice to modify or eliminate some of the pre-set information.

“LCD display other information such as temperature, traffic data, and may repeat some values such as speed exhibited by analog components. The shift from the analog instrument clusters to hybrid instrument clusters is one of the main factors for the growth of the hybrid instrument cluster market,” says Amey.

Global automotive digital instrument cluster market

Digital instrument clusters are the ones that display all the information digitally, mostly on an LCD or TFT display. They also allow reconfigurability and the users can customize the information according to their convenience.

The fully digital instrument cluster is still in introduction phase. However, the market for the same is expected to grow during the forecast period. The digital clusters will be used in luxury vehicles or newer vehicles, such as electric vehicles and hybrid vehicles.

The top vendors highlighted by Technavio’s research analysts in this report are:

• Bosch
• Continental
• DENSO
• Magneti Marelli
• Nippon Seiki
• Visteon

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