Instrument cluster is a group of various devices installed in a vehicle, which forms a cluster to display information regarding vehicle speed, fuel level, and status of other vehicular systems. Lighted symbols, digital screens, or needle gauges are used to provide or display information. The most important component of instrument cluster is speedometer. Instrument cluster consists of graphics processor integrated with NAND flash controller which displays information with TFT and LCD display or 2D/3D accelerator, SDR, and DDR.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
With advancements in digital technology and electronics, dashboard in vehicles now display real time information regarding vehicle in the analog or digital form by using actuators. Apart from digital clusters, hybrid clusters also play a significant the market growth. Improved standard of living of consumers followed by rise in income levels lead to demand for vehicles with advanced features regarding safety and information.
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New product launches to flourish the market
Recently, the first 3D instrument cluster was launched in the market by Visteon. It was launched in the PEUGEOT 208. It is a fully digitalized cluster, which displays holographic objects on the new PEUGEOT 208. It comprises of HD 10.25-inch background TFT and a 7-inch foreground TFT projected on a semi reflective blade. This creates a 3D display of approximately 15 mm between front and rear images.
As distraction while driving is still a challenge, this product by Visteon would help in improving concentration and focus while driving and provide critical information to driver without losing focus while driving. Moreover, this product would help minimize road accidents as various accidents are caused due to loss in concentration and focus while driving.
Surge in usage in passenger cars
Used instrument cluster for passenger car applications is on the rise at a faster rate. This market is dependent on the automobile market, technological advancements, and buyer preferences. As concerns regarding convenience, safety, and comfort has increased globally, use of technologies such as steering mounted control and gesture control systems has increased, which has led to growth of the instrument cluster market. Moreover, rules and regulations regarding passenger vehicle safety and security are implemented in various countries across the globe.
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Key benefits of the report:
- This study presents analytical depiction of the global Instrument Cluster industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global instrument cluster market share.
- The current market is quantitatively analyzed to highlight the global instrument cluster market trends.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis based on competitive intensity and how the competition would take shape in coming years.
Questions answered in the Instrument Cluster Market research report:
- Who are the leading market players active in the instrument cluster market?
- What would be the detailed impact of COVID-19 on the instrument cluster market?
- What current trends would influence the market in next few years?
- What are the driving factors, restraints and opportunities in the instrument cluster market?
- What are projections for the future that would help in taking further strategic steps?
Instrument Cluster Market Report Highlights
By Type
• Analog
• Digital
• Hybrid
By Application
• Odometer
• Speedometer
• Tachometer
• Others
By End User
• Commercial
• Agriculture
• Passenger Car
• Two-Wheeler
• Off-Highway
• Others
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