Global Automotive Instrument Cluster Market 2019: Industry Key Players, Share, Trend, Applications, Forecast To 2023
Market Research Future published a raw research report on global instrument cluster market that contains the information from 2017 to 2023. Instrument cluster market is expected to grow with the CAGR of approximately 10.56% from 2017 to 2023.
Taste the market data and market information presented through more than 85 market data tables and 54 figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Instrument cluster Market Information from 2017 to 2023"
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Global automotive instrument cluster market is driven by the rising demand for electronic driven instrument panels. The current automotive industry, is witnessing increased demand for automation and digitization. This will result in rising demand for electronic driven instrument panels. Other factors that are responsible for the growth of the automotive instrument cluster market are development in the automotive technology, growing demand for the advanced driver assistance system (ADAS) in high end cars, and increase in demand for electric vehicles. ADAS helps the vehicle to automate the system for safety and better driving. ADAS offers automated lighting, adaptive cruise control, and automatic braking. It incorporates traffic warnings, connects to smartphones, alert the driver to other cars or dangers, and keeps the driver in the correct lane. The growing demand for advance driver assistance systems will require digital instrument cluster panel in the vehicle. This growing demand will result in the growth of the market during the forecast period. Emerging economies such as India, China, Japan, and others are witnessing increase in sales of electric vehicles. This will require integration of electronic instrument clusters in the vehicle, thus resulting in the growth of the market during the forecast period.
The market has been analyzed based on technology type, vehicle type, and region. On the basis of technology type, the market is segmented as analog, digital, and hybrid. The hybrid technology is expected to dominate the market during the forecast period due increased adoption of the fully integrated instrument panels system in passenger cars. The fully integrated instrument panels consists of both, analog and digital instrument cluster. This will help the driver to assist in safe driving. The hybrid instrument cluster is in great demand for electric vehicle as it makes the OEM manufacturers, install this. The increase in adoption of hybrid instrument cluster in the electric vehicle will result in the growth of the automotive instrument cluster market during the forecast period.
Passenger car is expected to dominate the global instrument cluster market by vehicle type segment during the forecast period
On the basis of vehicle type, passenger car is expected to dominate the instrument cluster market during the forecast period due to increase in the production of passenger cars in emerging economies such as India, China, and Japan. The increase in the production of the passenger cars will result in rising use of instrument cluster in the vehicles. In 2016, the passenger vehicle market segment accounted for approximately 66% of the global vehicle production. With an increase in income levels, the passenger vehicle market segment has witnessed a significant rise in production and sales, which resulted in increased number of developments in instrument clusters for the vehicles.
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We recognize the key players in the global Instrument cluster market as Continental AG (Germany), Mentor Graphics (U.S), Visteon (U.S), Delphi (U.S), Qualcomm (U.S), Bosch (Germany), Denso (Japan), Alpine Electronics (Japan), Japan Display Inc. (Japan) and Innolux (Taiwan) and others.
This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global marine hybrid propulsion system market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
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