The instrument cluster provides the auto driver with information related to speed, fuel level, revs, and water temperature. Increasing sales of off-the-road vehicles, two-wheelers, and passenger cars in developing countries such as China and India is driving the demand for instrument cluster during the forecast period. Rising per capita income and rapid adoption of the hybrid instrument cluster for commercial vehicles create a favorable landscape for the instrument cluster market players in the future.
The instrument cluster market is anticipated to grow in the forecast period owing to driving factors such as increasing sales of two-wheelers in the APAC region coupled with strict regulations for vehicle and passenger safety. However, a rise in prices may hamper the growth of the instrument cluster market during the forecast period. Nevertheless, growing demand for digital instrument clusters and an increase in sales of luxury vehicles offer lucrative opportunities for market players in the coming years.
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Top Dominating Key Players:
- Aptiv PLC
- CARDONE Industries
- Continental AG
- Denso Corporation
- Magneti Marelli S.p.A.
- Nippon Seiki Co., Ltd.
- Pricol Limited
- Robert Bosch GmbH
- Visteon Corporation
- Yazaki Corporation
The global instrument cluster market is segmented on the basis of technology, application, and end user. Based on technology, the market is segmented as analog, digital, and hybrid. On the basis of the application, the market is segmented as odometer, tachometer, speedometer, and others. The market on the basis of the vehicle type is classified as passenger cars, light commercial vehicles, and heavy commercial vehicles.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global instrument cluster market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The instrument cluster market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting instrument cluster market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the instrument cluster market in these regions.
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Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
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- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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This post was originally published on The Picayune Current