Global Automotive Instrument Cluster Platform Market 2017-2021

Overview of the global automotive instrument cluster platform market

According to Technavio's research analysis on the global automotive instrument cluster platform market, the reconfigurable ability in the instrument clusters will be one of the major factors that will have a positive impact on this market's growth till 2021. Reconfigurable instrument clusters offer customizing capabilities without an additional hardware requirement. Numerous automotive OEMs and tier-1 suppliers are looking at enhancing the software functionalities of digital instrument clusters. This gives rise to low cost of additional features. In addition, the flexibility of the digital instrument clusters enables the user to tweak the display information as per their needs. Also, the predefined display option modes as set by the supplier or OEM give the users the capability to choose the display as per their driving needs that is associated with their driving style. This may include economy, performance, and autonomous modes. This will lead to the rise in demand for automotive instrument cluster platforms during the forecast period. Our market research analysts predict that this market will grow at a CAGR of close to 11% by 2021.

The rising popularity of digital cockpits in passenger cars is one of the latest trends that will gain traction in the automotive instrument cluster platform market.  The rising awareness about convenience and safety features provided by the digital cockpit systems among customers is raising the demand in the automotive industry. One of the established automobile manufacturer, Tesla, introduced an innovative infotainment system with a larger display, setting it as a key trend in the market. The digital cockpit that fuses a digital instrument cluster and infotainment system with an integrated user experience, is a long step for OEMs after advancements in the infotainment systems. Also, due to the high costs associated with it, vendors are working on improvements to reduce the overall costs of the digital cockpit and will allow OEMs to raise its penetration in the automotive market.

Competitive landscape and key vendors  

The automotive instrument cluster platform market consists of a few players, which are prominent software vendors in the automotive market. The market is also witnessing the introduction of new players due to increasing demand for the digital instrument cluster technologies globally. The vendors with expertise in the software development can easily enter the market as the market has a good potential for revenue growth.

The leading vendors in the market are ?

• BlackBerry (QNX)
• Continental
• Green Hills Software
• HARMAN International
• Mentor, a Siemens Business

The other prominent vendors in the market are CrossControl, Cypress Semiconductor, Luxoft, and Yazaki Corporation.

Segmentation by instrument cluster type and analysis of the automotive instrument cluster platform market

• Hybrid instrument cluster
• Fully digital instrument cluster

During 2016, the fully digital instrument cluster segment accounted for the major shares of the market. Factors such as the increased adoption of fully digital instrument clusters in passenger cars and autonomous cars will contribute to the growth of the fully digital instrument clusters market in the coming years.

Geographical segmentation and analysis of the automotive instrument cluster platform market

• Europe
• North America
• ROW

This market study estimates that in terms of geographic regions, Europe will be the major revenue contributor to the automotive instrument cluster platform market by 2021. This is due to the growing awareness of safety functions in Europe, Germany, France, Italy, Spain, and the UK. These countries are experiencing economic growth, which in turn, will drive the growth prospects for the market in Europe.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive instrument cluster platform market?
• What are the key market trends impacting the growth of the global automotive instrument cluster platform market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive instrument cluster platform market?
• What are the market opportunities and threats faced by the vendors in the global automotive instrument cluster platform market?
• Trending factors influencing the market shares of the Europe, North America, and ROW.  
• What are the key outcomes of the five forces analysis of the global automotive instrument cluster platform market?

Technavio also offers customization on reports based on specific client requirement.

The instrument cluster is the most crucial information source for the driver; its primary function is to deliver critical information about the vehicle status. As per our market research experts, the steadily rising demand for hybrid and fully digital instrument clusters may influence the growth of the global automotive instrument cluster platform market during the next few years. Also, to help clients gain in-depth market intelligence, this report covers vendors such as Continental, Green Hills Software, and QNX Software System.   

This upcoming research report on the automotive instrument cluster platform market offers insights into the trends and drivers influencing the growth of the automotive industry. Our reports for the automotive industry also follow a scrupulous data collection methodology and presents an extensive analysis of dynamically changing market segments like automotive electronics.    

Furthermore, to help clients gain a competitive advantage in a niche market, this report on the automotive instrument cluster platform market covers geographies like the Americas, APAC, and EMEA. This report also focuses on the challenges facing the global automotive instrument cluster platform market over the coming years.

The research report for the global automotive instrument cluster platform market also categorizes the drivers, trends, along with the restraints that the automotive electronics sector currently experiences. This upcoming report on the global automotive instrument cluster platform market presents insights into the rapidly changing vendor landscape to give clients a holistic outlook of the forthcoming events within the automotive industry. Technavio also presents detailed market outlook into the sectors such as automotive electronics and automotive components.