Automotive Instrument Cluster Market By Current Industry Status, Growth Opportunities, Top Key Players, Target Audience And Forecast To 2027
September 30, 2020
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Sep 30, 2020 (Profound via COMTEX) —
The global Automotive Instrument Cluster market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 11% throughout the estimate period from 2020 to 2027.
Automotive instrument cluster is a set of instruments that consists of a speedometer and infotainment display. The display can be both, digital and analog. The instrument panel also displays the speed of the vehicle, the amount of fuel available, and traffic condition with the help of navigation system. It ensures that driving is equally safe and comfortable because it presents the information in a clear way at a given point of time. In the current automotive industry, various technologies have evolved to provide better display information for the driver such as HMI concept.
The instrument panel consists of software powered display panel for conveying information. There are three types of instrument panel and they are analog, digital, and hybrid. In an analog type of instrument cluster, there are two large dials for the speedometer, and a gauge for the fuel level indicator. The hybrid instrument cluster is the combination of analog and digital display system for showcasing the information in both forms. Digital instrument panels are the ones, which display all the information in digital form mostly on LCD or TFT display. In the technology driven era, the hybrid form is most likely to boost the market.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Automotive Instrument Cluster market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Automotive Instrument Cluster market growth.
The global Automotive Instrument Cluster market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
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).
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
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.
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