Global Automotive Instrument Cluster Market, to grow at 8.20% CAGR, by 2032

Pune, India, January 16, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on global instrument cluster market. The Instrument cluster market is expected to grow over the Substantial CAGR during the period 2022 to 2032.

Market Highlights

The instrument cluster includes the display system that guides the driver about the speed of the vehicle on the speedometer, and other display system such as fuel indicator, infotainment, traffic condition, and notifier. It ensures that the driver is equally safe and comfortable with driving. Automotive instrument clusters comprise various technologies such as HMI (Human Machine Interface), and ADAS (advanced driver assistance system), to provide better display information to the drivers. The use of smartphones has been increasing every day. The integration of these systems with smartphones in vehicles, in highly demanded by the customers. The hardware and software integration is speeding up due to ease of use. HMI is a technology that is expected to boost the demand for instrument cluster market. It is consists of hardware and software so that the user can input the signal that has to be translated by the machine. It allows the driver to interact with the vehicle such as providing feedback from the vehicle to user. Some of the most trending technology that uses HMI are Head-Up Display system, keyless entry, power seats control, occupant detection, and others. The ease of interaction with the vehicle will result in the growth of the automotive instrument cluster market in future.

On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there has been an increase in the production of new vehicles such as India, China, and Japan. Cut throat competition in the automotive industry has made major manufacturers offer integrated solution for instrument cluster in both, passenger and commercial vehicles. The availability of such integrated features in passenger and commercial vehicles will result in the new revenue streams for the manufacturers of these systems. This will boost the automotive instrument cluster market in the future. As a result, it is expected that the market would grow at CAGR of 8.20%, during the forecast period. North America is expected to be the second largest region in automotive instrument cluster market due to the existence of major manufacturers in this region combined with availability of sophisticated technologies. The existence of major manufacturers will boost the production of vehicles in the future. The boost in the vehicle production will result in the growth of the market in future. Europe is expected to be the third largest region in the automotive instrument cluster market. Germany is the largest market in Europe, in terms of market share and value. The flourishing automotive industry in Europe directly translates into the growth of automotive instrument cluster market. With manufacturers installing instrument cluster panels in entry level vehicles for acquiring greater market share, the automotive instrument clusters are expected to witness healthy growth during the forecast period.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Automotive Instrument Cluster Market Trends

Drivers:

Global Instrument cluster Market Size, 2017-2023(CAGR)

Scope of the Report

This study provides an overview of the global instrument cluster market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global instrument clusters market by its technology type, vehicle type, and region

• Analog


• Digital


• Hybrid

• Passenger Car


• Commercial Vehicle

• North America


• Europe


• Asia Pacific


• Rest of the World

Key Players

The key players in automotive instrument cluster market are 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).