Global Automotive Instrument Cluster Market size was valued at USD 2.76 billion in 2021 and is poised to grow from USD 2.98 billion in 2022 to USD 5.92 billion by 2030, growing at a CAGR of 8% in the forecast period (2023-2030).
The instrument cluster is the primary data source for the driver, providing information on the vehicle’s various operational parameters. It sends vehicle data such as speed, fuel level, tachometer, and temperature, as well as data from the in-vehicle network, cameras, and multimedia. Cluster graphics platform for displaying graphics data on a display, cluster controller platform for handling AUTOSAR stack functionality, and integrated cluster platform that combines graphics controller and real-time application controller capability. The purpose of the instrument cluster is to provide the driver with the most up-to-date information while driving. Gauges are used to measure speed, distance, heat, and fuel. Indicator lights that provide warnings and updates include the check engine light and the low fuel light. Different alerts are available for various vehicles. In most cases, the gauges in the instrument cluster are circular and backlit. On the driver’s side of the dashboard, directly in front of the steering wheel, you’ll find the speedometer, fuel gauge, tachometer, and odometer. The speedometer displays the current speed of the vehicle. The fuel gauge displays the amount of gas remaining in your tank. The tachometer indicates how fast the crankshaft of the engine is spinning. The odometer displays the vehicle’s distance travelled.
Global vehicle production and sales growth, as well as advancements in infotainment systems, drive market growth. However, price fluctuations in raw materials such as chips, ICS, and displays, as well as higher costs associated with digital instrument clusters, are impeding market growth. These constraints can be overcome by technological advancements such as the release of an automotive instrument cluster with a new and advanced screen, as well as biometric features, which are expected to present numerous market expansion opportunities.