Global Digital Instrument Cluster Market by Display Types, Vehicle Types, Display Sizes, and Regions— Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Digital Instrument Cluster Market is valued to reach USD 6.5 Billion by 2025, exhibiting a CAGR of 18.9% over forecast period 2020–2026. Growing demand for advanced cluster technology by OEMs, increasing production of electric vehicles and substantial rise in the automobile output are key factors accelerating the market growth.

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The demand for digital instrument clusters in automobiles is anticipated to grow at an accelerated pace mainly due to significant growth in the automobile industry globally. Furthermore, the smartphone segment is also expected to grow at a high CAGR during the forecast period.

Market Dynamics:

Features associated with digital instrument cluster such as battery status, fuel status, and distance analysis is one of the key factors propelling market growth.
Increasing production of electric vehicles and rising demand for advanced digital instrument cluster from automobile manufacturers is expected to drive the market growth.
Risks associated with the data security are expected to be a prime factor hampering the growth of the market.