| Product Code: ETC4579645 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India digital instrument cluster market experienced a strong growth trend with a double-digit CAGR from 2020 to 2024. However, there was a noticeable decline in growth momentum between 2023 and 2024. Overall, the market expansion slowed slightly towards the end of the period.
The India Digital Instrument Cluster Market is at the forefront of the automotive digital transformation, replacing traditional analog instrument clusters with modern, digital displays. Digital instrument clusters offer enhanced functionality, personalization, and improved visibility. As India consumers seek a more immersive and connected driving experience, the market for digital instrument clusters is growing rapidly. Companies are investing in research and development to create innovative and user-friendly digital cluster solutions that cater to the evolving preferences and expectations of the India automotive market.
The digital instrument cluster market in India is experiencing significant growth, primarily attributed to multiple driving factors. Firstly, the changing consumer preferences and the need for advanced information displays have led to the adoption of digital instrument clusters. These clusters provide a more intuitive and customizable user interface, enhancing the overall driving experience. Furthermore, the proliferation of electric and autonomous vehicles in India necessitates advanced instrument clusters that can display complex data related to battery status, navigation, and autonomous driving features. The India automotive industry`s relentless pursuit of innovation and the desire to stay competitive in the global market are also propelling the market for digital instrument clusters.
The digital instrument cluster market in India encounters challenges related to user experience and data presentation. Designing intuitive, informative, and customizable displays that meet regulatory requirements is a key challenge.
The digital instrument cluster market faced challenges due to disruptions in vehicle production and supply chain issues. However, the demand for digital clusters remained strong as they are integral to modern vehicles. Post-pandemic, the market is expected to recover as automotive production stabilizes, and the trend toward digitalization in vehicles continues.
In the digital instrument cluster market, key players in India are Visteon Corporation, Continental AG, Magneti Marelli, Robert Bosch GmbH, and Denso Corporation. These companies focus on providing digital instrument cluster solutions for vehicles in the India market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Digital Instrument Cluster Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Digital Instrument Cluster Market Revenues & Volume, 2021 & 2031F |
3.3 India Digital Instrument Cluster Market - Industry Life Cycle |
3.4 India Digital Instrument Cluster Market - Porter's Five Forces |
3.5 India Digital Instrument Cluster Market Revenues & Volume Share, By Display Type, 2021 & 2031F |
3.6 India Digital Instrument Cluster Market Revenues & Volume Share, By Display Size, 2021 & 2031F |
3.7 India Digital Instrument Cluster Market Revenues & Volume Share, By Embedded Technology, 2021 & 2031F |
4 India Digital Instrument Cluster Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced features in vehicles |
4.2.2 Growing adoption of electric vehicles in India |
4.2.3 Government regulations promoting digitalization in automotive sector |
4.3 Market Restraints |
4.3.1 High initial cost of digital instrument clusters |
4.3.2 Lack of awareness and consumer education about digital instrument clusters |
4.3.3 Limited aftermarket availability and support for digital instrument clusters |
5 India Digital Instrument Cluster Market Trends |
6 India Digital Instrument Cluster Market, By Types |
6.1 India Digital Instrument Cluster Market, By Display Type |
6.1.1 Overview and Analysis |
6.1.2 India Digital Instrument Cluster Market Revenues & Volume, By Display Type, 2021-2031F |
6.1.3 India Digital Instrument Cluster Market Revenues & Volume, By LCD, 2021-2031F |
6.1.4 India Digital Instrument Cluster Market Revenues & Volume, By TFT-LCD, 2021-2031F |
6.1.5 India Digital Instrument Cluster Market Revenues & Volume, By OLED, 2021-2031F |
6.2 India Digital Instrument Cluster Market, By Display Size |
6.2.1 Overview and Analysis |
6.2.2 India Digital Instrument Cluster Market Revenues & Volume, By 5-8 inch, 2021-2031F |
6.2.3 India Digital Instrument Cluster Market Revenues & Volume, By 9-11 inch, 2021-2031F |
6.2.4 India Digital Instrument Cluster Market Revenues & Volume, By >12 inch, 2021-2031F |
6.3 India Digital Instrument Cluster Market, By Embedded Technology |
6.3.1 Overview and Analysis |
6.3.2 India Digital Instrument Cluster Market Revenues & Volume, By AI, 2021-2031F |
6.3.3 India Digital Instrument Cluster Market Revenues & Volume, By Non-AI, 2021-2031F |
7 India Digital Instrument Cluster Market Import-Export Trade Statistics |
7.1 India Digital Instrument Cluster Market Export to Major Countries |
7.2 India Digital Instrument Cluster Market Imports from Major Countries |
8 India Digital Instrument Cluster Market Key Performance Indicators |
8.1 Average installation rate of digital instrument clusters in new vehicles |
8.2 Adoption rate of digital instrument clusters in electric vehicles |
8.3 Number of partnerships between automotive manufacturers and technology companies for digital instrument cluster integration |
9 India Digital Instrument Cluster Market - Opportunity Assessment |
9.1 India Digital Instrument Cluster Market Opportunity Assessment, By Display Type, 2021 & 2031F |
9.2 India Digital Instrument Cluster Market Opportunity Assessment, By Display Size, 2021 & 2031F |
9.3 India Digital Instrument Cluster Market Opportunity Assessment, By Embedded Technology, 2021 & 2031F |
10 India Digital Instrument Cluster Market - Competitive Landscape |
10.1 India Digital Instrument Cluster Market Revenue Share, By Companies, 2024 |
10.2 India Digital Instrument Cluster Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |