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Automotive Instrument Cluster market was valued at US$ 10220 million in 2022 and is anticipated to reach US$ 13960 million by 2029, witnessing a CAGR of 4.5% - Valuates Reports
The global Automotive Instrument Cluster market was valued at US$ 10220 million in 2022 and is anticipated to reach US$ 13960 million by 2029, witnessing a CAGR of 4.5% during the forecast period 2023-2029.Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-21D2475/Global_Automotive_Instrument_Cluster_Market_Insights_and_Forecast_to_2028
Automotive Instrument Cluster Market
Instrument cluster can be defined as instrument that installed in the a vehicle above the steering wheel that displays information related to the vehicle operation such as fuel level, vehicle speed, fuel level and the status of various vehicular systems. This information is generally presented in the form of needle gauges, digital readouts and lighted symbols.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Automotive Instrument Cluster key players include Continental, Visteon, Denso, Nippon Seiki, etc. Global top four manufacturers hold a share nearly 60%.
China is the largest market, with a share about 30%, followed by Europe, and North America, both have a share about 40 percent.
In terms of product, Hybrid Cluster is the largest segment, with a share over 75%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.
Segment by Type
-Hybrid Cluster
-Analog Cluster
-Digital Cluster
Segment by Application
-Passenger Vehicle
-Commercial Vehicle
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The 2 wheelers are sold in high numbers in Asia region, account for a sizeable instrument cluster market volume in the region.
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