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 .
On the basis of region , the market has been segmented based on North America , Asia Pacific , Europe , and Rest of the World . Asia Pacific region is expected to dominate the automotive instrument cluster market during the forecast period due to the growing demand of vehicle in emerging countries such as India , China , and Japan . The increase in the production of the vehicle in Asia Pacific , is directly linked with the instrument cluster . The rising production of vehicle will result in the increase in use of instrument clusters . This will drive the market in future . Asia Pacific is witnessing an increase in the share of global vehicle sales , and is expected to see continued growth in the coming years . The developing countries are making efforts to develop innovative policies and trade liberalization programs to step up with innovative technologies . The increase in government efforts in the automotive industry , will drive the growth of the instrument cluster market in the future . North America is expected to be the second largest market in the automotive instrument cluster market . In North America , U . S . is expected to hold the largest share in the future . Europe is the third largest market in automotive cluster market due to stagnant growth in the automotive industry ,
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