Press release
Automotive Dashboard Market: Worldwide Industry Analysis and New Market Opportunities Explored
Dashboard to 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.
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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
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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.
Automotive Dashboard Market: Key Players
Some key market players in global automotive dashboard market are
ABB Group
Visteon Corporation
Faurceia
Johnson Controls International Plc
Huayu Automotive Systems Co., Ltd.
Hainan Drinda Automotive Trim Co., Ltd
IAC
Dongfeng Electronic
Toyoda Gosei
Fusioncharts
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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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