Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Instrument Cluster Market Research Repo | Page 2

electric vehicles, and others. Nowadays, there has been rising demand
for the OEM manufacturers to develop products that are different than
that of their competitors. The demand from the customers for high quality
instrument panels have increased the demand for innovative display
system to be installed in the vehicle. This increase in demand for the
innovative display systems, will lead to the growth of instrument cluster
market in future. The rising demand for electronic instrument cluster with
2D and 3D graphics system have increased the demand for the
instrument clusters. In the technology driven world, there is increase in
the demand for instrument clusters that can be integrated with the
smartphones. OEMs are trying to integrate the instrument cluster with
the smartphone devices so as to make a personalize instrument cluster
for the customers. This growing demand for the personalize instrument
cluster will result in the growth of the market during the forecast period.
Automotive Instrument Cluster market is segmented based on
technology type, vehicle type, and region. On the basis of technology
type, the market has been segmented as analog, digital, and hybrid. The
hybrid instrument cluster segment is expected to dominate the market
during the forecast period, due to the ability to integrate the system with
both, digital and analog form. This type of instrument cluster displays the
information in analog and digital form, due to which there has been an
increase in demand for this type of technology. The segment is expected
to grow in the near future due to the presence of analog and digital
system, low cost for the system, higher use of electronic devices in the
vehicle. In the past years, it has been seen that the share of analog
system, has been more than the digital form. But the changing
technology, and higher demand for the luxury vehicles will increase the
demand for hybrid clusters in vehicle. This increase in demand will lead
to the growth of the market in the future.
Market Segmentation