Global Automotive Instrument Cluster Platform Market 2017-2021
About Automotive Instrument Cluster Platform
The instrument cluster in the vehicle is the primary source of critical information about the vehicle status for the driver. The advancements with respect to display graphics such as 2D and 3D graphics allowed conveying complex information in a fully digital instrument cluster. The rise in vehicle electronics created the demand for a large amount of status information to be displayed to the driver. The instrument cluster platform was created to help automotive OEMs and tier-1 suppliers respond to the evolving challenges mentioned above, arising with the development of the fully digital instrument clusters. Basically, the platform is the operating system and software framework which underlines the integrated circuit (IC) platform. The use-cases will be programmed based on the requirements from automotive OEMs and tier-1 suppliers.
Technavio’s analysts forecast the global automotive instrument cluster platform market to grow at a CAGR of 10.82% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive instrument cluster platform market for 2017-2021. To calculate the market size, the report considers the revenue of the automotive instrument cluster platform provided by the vendors for allowing reconfigurable ability to the digital instrument cluster.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Instrument Cluster Platform Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive instrument cluster platform market: BlackBerry (QNX), Continental, Green Hills Software, HARMAN International, and Mentor, a Siemens Business
Other Prominent Vendors in the market are: CrossControl, Cypress Semiconductor, Luxoft, and Yazaki Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of software platform that facilitates development of virtual instrument clusters. Digital instrument cluster market is the third fastest-growing markets in automotive electronics. The development of sophisticated 2D and 3D graphics instrument cluster is becoming instrumental in the growing adoption of these instrument clusters across the world. The zeal to continuously develop innovative products by prominent vendors in the market is the prime driver for the success of the digital instrument cluster in the automotive market.”
According to the report, one of the major drivers for this market is Growing adoption of reconfigurable instrument cluster globally. The global automotive reconfigurable instrument cluster market is likely to be driven by developed regions, such as North America and Europe. These regions are likely to witness increased stock fit offerings of the partially reconfigurable instrument cluster in addition to the fully reconfigurable instrument cluster, which targets premium vehicles. As the cost of the partially automotive reconfigurable instrument cluster is significantly lower when compared with fully digital instrument clusters, it contributes to the majority of the market (in terms of unit shipments).
Further, the report states that one of the major factors hindering the growth of this market is High-cost pressure faced by OEMs due to non-attainment of economies of scale in digital instrument cluster. The addition of fully digital instrument clusters is bound to escalate the existing cost of the vehicle. Hence, automotive OEMs face humongous cost pressures due to dynamic regulations that impose the inclusion of several components within a vehicle. Factors like stringent emission norms, the need for heavy investments in R&D programs, market competition, and evolving customer demands add to the rising cost pressures. As per the NHTSA, a new rule imposed in 2014 requires all light vehicles (including cars, SUVs, trucks, and vans) to have a backup camera by 2018. The rule holds good for May 1, 2016, models, and manufacturers must achieve 100% compliance by May 1, 2018. Such developments are likely to increase vehicle costs due to the competitive market as OEMs have to bear the costs and not pass these on to end-customers.
BlackBerry (QNX), Continental, Green Hills Software, HARMAN International, and Mentor, a Siemens Business, CrossControl, Cypress Semiconductor, Luxoft, and Yazaki Corporation.