Global Digital Instrument Cluster Market Insights and Forecast to 2028

Digital Instrument Cluster Market 

Due to the COVID-19 pandemic, the global Digital Instrument Cluster market size is estimated to be worth USD 2028.5 Million in 2022 and is forecast to a readjusted size of USD 3765.2 Million by 2028 with a CAGR of 10.9% during the review period.

A collection of instruments, including the speedometer, that uses a digital reading rather than the more conventional analog gauges is known as a digital instrument cluster. It's frequently referred to as just a digital speedometer.

Trends Influencing the Growth of the Global Digital Instrument Cluster Market

The age of driverless cars and ADAS has arrived in the automobile industry. Growing ADAS car production in response to increased passenger comfort and safety awareness and government legislation requiring safety features is anticipated to fuel market demand. Additionally, which may be adjusted according to the situation and the driver's preferences while presenting the necessary data to provide a safe driving experience. ​

The market for digital instrument clusters is anticipated to grow during the forecast period as a result of rising demand for premium and electric vehicles (EVs), sporty digital cluster instruments from OEMs and consumers, and a high rate of acceptance of multi-layer display technology due to its 3D graphics capability. Additionally, during the projected period, the demand for the digital instrument cluster is anticipated to rise due to the development of more advanced and attractive visual displays.

EVs were slowly gaining attention before the coronavirus epidemic rocked the automobile sector and every other business. Economic uncertainty and shifting consumer priorities may have eclipsed this highly anticipated milestone, but it is still important to assess the EV industry at this point.

Digital Instrument Cluster Market Share

According to display size, the digital instrument cluster market is expected to develop at the quickest rate in the > 12-inch category. The need for larger displays, an increase in the number of functions included in digital instrument clusters, and a rise in the importance of vehicle aesthetics are all factors contributing to the expansion of >12 inch digital instrument clusters. 

A 5-8 inch digital instrument cluster is nonetheless standard on several cars, including entry-level, mid-segment, and light commercial models, which helps to lower the overall cost of the car.