According to a new report published by Transparency Market Research, the digital instrument cluster market for automotive will record significant growth owing to the rising demand for the premium and electric vehicles across the globe. The report titled, “Digital Instrument Cluster Market for Automotive - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” anticipates that the global market will grow remarkably during the forecast period.
A clear display of information is necessary while driving to ensure a safe and comfortable ride. The digital instrument cluster offers attractive and precise information to alert the driver while driving. The instrument cluster combines various information from different parts of the vehicle and displays in front of the driver. Digital instrument clusters are available in a wide range of cars, from entry levels to premium models. The digital instrument cluster provides basic information such as speed, mileage covered, temperature, fuel level, telltales, and warnings. It also includes additional information systems such as radio, on board computer, internet, navigation, and driver assistance system.
Rising demand for sporty digital cluster instrument from OEMs as well as from consumers, and high rate of adoption of multi-layer display technology owing to its 3D graphics experience are likely to boost the digital instrument cluster market during the forecast period. Furthermore, development of superior and attractive graphic display is likely to drive the demand for digital instrument cluster during the forecast period.
The report has segmented the global digital instrument cluster market for automotive based on display type, vehicle type, sales channel, and region. In terms of display type, the digital instrument cluster market for automotive is classified into LCD, OLED, and other one segment. The market is witnessing an evolution from analog instrument clusters to LCD and thin-film transistor-based (TFT) clusters. TFT-based display offers an enhanced graphical interface and a host of digital information. Rise in utilization of relevant content such as drive mode, parking view, and navigation is anticipated to boost the demand for TFT LCD instrument clusters during the forecast period.
For more information on Digital Instrument Cluster Market for Automotive, please visit website of Transparency Market Research.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. We are leaders in analytics, research, and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a preeminent provider of cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who hold a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com