Automotive Instrument Cluster Market 2018 Key Country Analysis: Global Key Players Continental, Mentor Graphics, Visteon, Delphi, Qualcomm, Bosch, Denso, Alpine, Japan Display and Innolux Outlook To 2023

Automotive Instrument Cluster Market 2018: Global Forecast Research Report, published by “Market Research Future” Global Automotive Instrument Cluster Market growing at 10.56% CAGR by 2023. Global Automotive Instrument Cluster Industry is segmented by Technology Type (Analog, Digital, and Hybrid), Vehicle Type (passenger car and commercial vehicle), and region.

The report gives the clear picture of current Automotive Instrument Cluster market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Global Automotive Instrument Cluster Market Key Companies Analyzed In Report 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).

Market Highlights:

The factors that are responsible for the growth of automotive instrument cluster are development in the technology, rising demand for electronic driven instrument panels, growing demand for advanced driver assistance system (ADAS) in high end cars, increase demand for electric vehicles, and others. Nowadays, there has been rising demand for the OEM manufacturers to develop products that are different than that of their competitors. The demand 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.

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.

Scope of the Report:

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 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 10.56%, 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.

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).

By Technology Type:

Analog

Digital

Hybrid

By Vehicle Type:

Passenger Car

Commercial Vehicle

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