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Automotive Dashboard Market Expected to Witness a Sustainable Growth by 2025

May 9th 2019 at 12:08 PM

Dashboard to an automotive is what a control panel is to a computer, located just in front of the driver. It is an all in one indicator things happening in the automotive. Dashboards have been a part of every automotive since the beginning. It displays instrumentation and controls for the vehicle's operation. A simple dashboard has a steering wheel and indicators for speed, fuel level, and oil pressure. With the advancements in technology, newly introduced dashboards currently also incorporate an array of gauges, and controls as well as information, climate control, and entertainment systems. It may also include tachometer, speedometer, fuel gauge, odometer, gearshift position indicator, turn indicators, seat belt warning light, engine-malfunction lights, parking-brake warning light,  indicators for low fuel, low tire pressure and faults in the airbag,  low oil pressure, entertainment equipment and information systems and much more.

Automotive Dashboard Market: Dynamics

High demand for automotive is the key driving factor for automotive dashboard market because no automotive can be manufactured without a dashboard. The demand for passenger vehicles is typically high in APEJ, attributed to increases in per capita income. People these days are also into styling up their personal vehicles, owing to this the automotive dashboard aftermarket has spurred in recent years. One significant example of this is Chevrolet offering both exterior and interior cosmetic upgrades.

The touch screen has been trending in the automotive dashboard market lately. Tesla has completely changed the game with their soon launching Tesla 3 by eliminating the cluster of controls, gauges and integrating everything into one touch screen.

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Automotive Dashboard Market: Segmentation

The automotive dashboard market can be by sales channel, type, and application.

Based on Sales Channel, Automotive Dashboard Market is segmented as:

  • OEM
  • Aftermarket

Based on Type, Automotive Dashboard Market is segmented as:

  • LCD dashboard

Integrating all the physical indicators on one screen is the aim of an LCD dashboard. It is gaining high popularity among the consumers. It is estimated that in next five years most of the cars sold in North America will be equipped with LCD dashboard.

  • Conventional Dashboard

Conventional dashboards are provided with traditional mechanical devices like tachometer, speedometer, fuel gauge, etc.

Based on Application, Automotive Dashboard Market is segmented as:

  • Passenger cars
    • Economy car
    • Sedan
  • Commercial vehicles
    • Light commercial vehicles
    • Heavy commercial vehicles
  • Aircraft

Automotive Dashboard Market: Regional Outlook

The global automotive dashboard market is divided geographically into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). North America is a major region in automotive dashboard market regarding application and revenue sharing. Followed by North America, Europe, and Latin America are expected to grow relatively at a higher CAGR during the forecast period since the use of automotive dashboard in high demand, owing to the booming automotive industry. The global automotive dashboard market in Japan is well established and expected to grow at average CAGR over the forecast period. The growth of automotive dashboard market in Asia-Pacific is very high due to many developing countries in this region. Overall, the global market for automotive of automotive dashboard market is expected to grow significantly by the end of forecast period. Automotive of automotive dashboard market in Asia-Pacific is rapidly growing due to developing economic conditions, huge population, significant investment market and more consumption. MEA is expected to expand at sluggish growth rate due to lack of technology advancement in this region. Overall the global automotive dashboard is projected to grow at a decent pace during the forecast period.

Key manufacturers of the automotive dashboard are focusing on product development including enabling wider industrial applications with the help of their R&D department. According to Mr.David DeGraaf, president of Faurecia Clean Mobility North America French supplier, the company invested US$ 64 million for installation of a digital manufacturing system in a new factory in Columbus. Continued investments and advancements in technology will drive the automotive dashboard market during the forecast period.

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