Global Automotive Instrument Cluster Market - Industry Analysis, Market Size, Share, Trends & Forecast 2023

According to the latest industry analysis by Arizton, the global automotive instrument cluster market size is expected to reach close to $12 billion by 2023. The market research report provides an in-depth market analysis and segmental analysis of the global automotive instrument cluster market by product, vehicle type, and geography.

Automotive Instrument Cluster Market - Overview

The increasing proliferation of cockpit electronics solutions that offer centralized control and seamless data and information exchange between various systems is propelling the growth of the automotive instrument cluster market. Automotive instrument clusters improve the interconnectedness between various systems in a vehicle. The rising demand for connected cars and integration of smartphones to automotive cockpit electronics will attribute to the growth of the global market. These instrument clusters are referred to as a consolidated information panel in the vehicle and provides all the necessary information to the driver. This system is used to display information on vehicle status data such as speed of the vehicle, engine rpm, transmission data, fuel levels, trip data, seat-belt indicator, door status, and several warning/check indicators. The introduction of telematics, digital clusters, and high-end infotainment systems in the mid-priced vehicle segment will revolutionize the global market.

The growing demand for advanced electronic and semiconductor component will boost the automotive instrument cluster in the global market. The leading vendors are leveraging technology to introduce pioneering systems such as advanced driver assistance systems (ADAS) to gain a larger market share and attract new consumers. The automotive instrument cluster market will reach revenues of close to $12 billion by 2023.

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Market Dynamics

Market Growth Enablers

Growing Global Sales of Passenger Cars
Shift in Consumer Focus On Connected and Hybrid Cars
Emerging Economies Driving Market Growth
YoY Impact of Market Growth Enablers
YoY Impact of Market Growth Enablers On Regions

Market Growth Restraint

Rising Labor Costs in Low-Cost Economies
Short Technological Life Cycle
Automotive Cyberattacks and Cost-Tradeoffs
YoY Impact of Market Growth Restraint
YoY Impact of Market Growth Restraint On Regions

Market Opportunities & Trends

Growing Electrification of Automotive Mechanics
introduction of Concept of Autonomous Vehicles
increased Focus On introducing Safety Solutions – Adas
YoY Impact of Market Opportunities & Trends
YoY Impact of Market Opportunities & Trends On Regions
Sensitivity Analysis of Key Market Trends and Opportunities

Automotive Instrument Cluster Market – By Products

Implementation of hybrid instrument clusters in mid-priced cars segment to gain momentum in the automotive instrument cluster market during forecast period

The automotive instrument cluster market by products is segmented into analog, hybrid, and digital. The hybrid cluster was the largest product segment in the global market in 2017 and is anticipated to grow at a CAGR of more than 8% during the forecast period. The growing demand for hybrid instrument clusters from mid-priced cars segment in emerging countries is driving the growth of this market segment. The decreasing prices of LCD and TFT technologies is encouraging vendors to incorporate hybrid cluster into economy passengers, thereby, boost the demand for these clusters in the global market. The leading vendors are investing in the development and incorporation of 3D graphics technology in hybrid clusters to enhance consumer experience and gain a larger market share.

Automotive Instrument Cluster Market – By Vehicle Type

Mid-priced cars to dominate the global automotive instrument cluster market during forecast period

The vehicle type segment in the automotive instrument cluster market is classified by economy cars, luxury cars, and mid-priced cars. The mid-priced car segment dominated the global market in 2017 and is projected to grow at a CAGR of close to 8% during the forecast period. The increasing demand for highly advanced and sophisticated instrument clusters is driving the growth of this segment in the global automotive market. The rising requirement interactive infotainment systems with added functionality such as navigation, song selection, and surrounding data will revolutionize the market during the forecast period. The increase in per-capita disposable income and development of economies across emerging countries in the APAC region will propel the demand for advanced instrument cluster in the market.

Automotive Instrument Cluster Market – By Geography

APAC to lead productions in the global automotive instrument cluster market during forecast period

The automotive instrument cluster market by geography consists of APAC, Europe, Latin America, MEA, and North America. APAC was the largest geographical segment in the global market in 2017 and is expected to grow a CAGR of over 9% during the forecast period. China leads the automotive production in the global market and countries such as Japan, South Korea, and India are also significant revenue contributors in the APAC market. The availability of low-cost labor and reduce logistical costs makes APAC the hub of manufacturing and production units in the global automotive market and drives the growth of this segment. The rising expenditure on high-end products, automobiles, EVs, and HEVs, and leisure items will have a positive impact on the growth of the global market during the forecast period.

Key Countries Profiled
The key countries profiled in the report are:

China
Japan
South Korea
Germany
US
Brazil

Key Vendor Analysis

The automotive instrument cluster market is moderately fragmented, and the top players control more than 50% of the total market share. The leading players in the market are focusing on offering automotive cockpit electronics with high functionality and designs to sustain the competition in the market. The infiltration of low quality products will result in occasional spurts of competitions in the global market. The increasing number of product/service extensions, technological innovations, and M&As will intensify the level of competition in the global market during the forecast period.

The major vendors in the global market are:

Continental AG
Denso
Magneti Marelli
Nippon Seiki
Visteon Corporation

Other prominent vendors include Alps Electric, Aptiv, Desay, Innolux, Japan Display, Kyocera Corporation, LG Electronics, Panasonic Corporation, Bosch, Sharp, and Yazaki Corporation.

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Key Topics Covered are

12 Global Automotive instrument Cluster Market

12.1 Market Size & Forecast

12.2 Life Cycle of Automotive Electronic Components – 2017 Perspective

12.3 Factors Affective Electronics Use in Automotive Market

12.4 Additional Electronic Components in Evs & Hevs

12.5 Advent of Autonomous Parking System

12.5.1 Government and Transport Authorities initiatives in Safety

12.6 increasing Cost Pressure On Vendors

12.7 Urbanization and Duel-income Households

12.8 Smartphone Penetration Assisting Growth For Connected Cars

12.9 Porter’s Five Forces Analysis

12.9.1 Threat of New Entrants

12.9.2 Bargaining Power of Suppliers

12.9.3 Bargaining Power of Buyers

12.9.4 Threat of Substitutes

12.9.5 Competitive Rivalry



13 Market by Product Type

13.1 Market Overview

13.2 Global Automotive Analog instrument Cluster Market

13.2.1 Market Size & Forecast

13.3 Global Automotive Hybrid instrument Cluster Market

13.3.1 Market Size & Forecast

13.4 Global Automotive Digital instrument Cluster Market

13.4.1 Market Size & Forecast



14 Market by Vehicle Type

14.1 Market Overview

14.2 Market Size & Forecast



15 Geographical Segmentation

15.1 Market Overview



16 APAC: Automotive instrument Cluster Market

16.1 Market Overview

16.1.1 Market Size & Forecast

16.1.2 Adoption Rate of Safety Systems by OEMs

16.2 Key Countries

16.2.1 China: Market Size & Forecast

16.2.2 Japan: Market Size & Forecast

16.2.3 South Korea: Market Size & Forecast

16.3 Leading Trend, Enabler, and Restraint



17 Europe: Automotive instrument Cluster Market

17.1 Market Overview

17.1.1 Market Size & Forecast

17.2 Key Countries

17.2.1 Germany: Market Size & Forecas

17.3 Leading Trend, Enabler, and Restraint



18 North America: Automotive instrument Cluster Market

18.1 Market Overview

18.1.1 Market Size & Forecast

18.2 Key Countries

18.2.1 Us: Market Size & Forecast

18.3 Leading Trend, Enabler, and Restraint



19 Latin America: Automotive instrument Cluster Market

19.1 Market Overview

19.1.1 Market Size & Forecast

19.2 Key Countries

19.2.1 Brazil: Market Size & Forecast

19.3 Leading Trend, Enabler, and Restraint



20 MEA: Automotive instrument Cluster Market

20.1 Market Overview

20.1.1 Market Size & Forecast

20.2 Key Countries

20.3 Leading Trend, Enabler, and Restraint



21 Competitive Landscape

21.1 Market Overview

21.2 Market Structure and Mapping of Competition

21.2.1 Herfindahl-Hirschman index

21.3 Market Share Analysis

21.3.1 Overview



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