Automotive Digital Instrument Cluster Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Published: Sep 2022 Pages: 140 SKU: IRTNTR45176

The automotive digital instrument cluster market share is expected to increase by USD 4.35 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 30.27%.

This automotive digital instrument cluster market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the automotive digital instrument cluster market segmentation by application (luxury vehicles and mid-segment vehicles) and geography (Europe, North America, APAC, South America, and the Middle East and Africa). The automotive digital instrument cluster market report also offers information on several market vendors, including Alps Alpine Co. Ltd, Aptiv Plc, Continental AG, Denso Corp., ID4Motion, International Automotive Components Group SA, Marelli Holdings Co. Ltd., Minda Corp. Ltd., Mitsubishi Electric Corp., Nippon Seiki Co. Ltd., Panasonic Holdings Corp., Pricol Ltd., Renesas Electronics Corp, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Stoneridge Inc., Valid Manufacturing Ltd., Visteon Corp., and Yazaki Corp. among others.

What will the Automotive Digital Instrument Cluster Market Size be During the Forecast Period?

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Automotive Digital Instrument Cluster Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends and challenges for the automotive digital instrument cluster market. In the COVID-19 pandemic, the demand for the automotive digital instrument cluster market has been impacted significantly. But a holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain competitive advantages.

Key Automotive Digital Instrument Cluster Market Driver

One of the key factors driving the digital instrument cluster market is that it enhances the vehicle's interior. The automotive ecosystem is witnessing rapid expansion, which is characterized by the increased adoption of electronic and electrical content (and technologies) in modern vehicles. Automotive OEMs are continuously formulating unique selling propositions (USPs) to highlight competitive differentiation as they release cost-competitive and newer models in all segments (high-end, mid-level, and entry-level). Automotive OEMs cite that digital instrument clusters are prime product differentiators, and their visual appeal positively impacts the buying decision of prospective car buyers. Furthermore, increased in-vehicle connectivity over the past decade has pushed automobile interior designers to direct their efforts toward the content and layout of the automotive instrument cluster. At the same time, they need to ensure minimum driver distraction from the instrument panel and cockpit. Hence, the simplification of HMI interfaces inside the vehicle will be the key to increasing customers' willingness to pay for the enhanced features of an existing system, like instrument clusters, which are witnessing the transformation from analog to digital components.

Key Automotive Digital Instrument Cluster Market Trend

The development of superior graphic displays is another factor supporting the digital instrument cluster market's growth in the forecast period.  The digital instrument cluster adopts sophisticated technology to provide users the freedom to customize the information being displayed on the cluster. As a result, the global automotive digital instrument cluster market is one of the fastest-growing markets in automotive electronics and is currently in third place in the global automotive electronics market. Sophisticated 2D and 3D graphic instrument clusters are increasingly becoming popular across the world. Vendors' zeal to continuously develop innovative products is driving the popularity of digital instrument clusters in the automotive market. Furthermore, digital instrument cluster vendors are significantly driving the shift of a modern vehicle's cockpit from a traditional one to a fully digital one. The development of a superior graphic interface will be a crucial trend in the global automotive digital instrument cluster market during the forecast period.

Key Automotive Digital Instrument Cluster Market Challenge

The sharp decline in automobile production and sales will be a major challenge for the digital instrument cluster market during the forecast period. Automotive production in major automotive manufacturing countries, such as India, Japan, and the US, registered growth during 2017-2018. However, a slowdown in the growth rate in sales of vehicles from 2019 is increasing the inventory cost for automotive OEMs and compelling them to reduce or temporarily stop production. Furthermore, the increased use of alternative modes of transportation is decreasing the sales of vehicles in the US and Europe. In 2020, new car registrations in Europe dropped by 23.7%, or by around 3 million vehicles, to 9.9 million units due to COVID-19-induced lockdowns and other restrictions. The presence of a strong network of public transportation is also posing a major threat to the sales of vehicles in Europe. The increased spending on the public transportation system by governments is driving a large number of potential buyers to postpone or cancel buying vehicles. Such factors that adversely affect automotive sales and production are reducing the demand for automotive components and parts, such as digital instrument clusters, in the global automotive market and are hampering the growth of the global automotive digital instrument cluster market.

This automotive digital instrument cluster market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive digital instrument cluster market as a part of the global auto parts and equipment market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive digital instrument cluster market during the forecast period.

Who are the Major Automotive Digital Instrument Cluster Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alps Alpine Co. Ltd
  • Aptiv Plc
  • Continental AG
  • Denso Corp.
  • ID4Motion
  • International Automotive Components Group SA
  • Marelli Holdings Co. Ltd.
  • Minda Corp. Ltd.
  • Mitsubishi Electric Corp.
  • Nippon Seiki Co. Ltd.
  • Panasonic Holdings Corp.
  • Pricol Ltd.
  • Renesas Electronics Corp
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Sharp Corp.
  • Stoneridge Inc.
  • Valid Manufacturing Ltd.
  • Visteon Corp.
  • Yazaki Corp.

 

This statistical study of the automotive digital instrument cluster market encompasses successful business strategies deployed by the key vendors. The automotive digital instrument cluster market is fragmented, and the vendors are adopting organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Aptiv Plc - The company offers a 3D instrument cluster that uses multi-layer graphics technology to create a high-end, enhanced driving experience.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Automotive Digital Instrument Cluster Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the automotive digital instrument cluster market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profits and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive Digital Instrument Cluster Market?

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38% of the market’s growth will originate from North America during the forecast period. The US is the key market for the automotive digital instrument cluster market in North America. Market growth in this region will be slower than the growth of the market in the APAC and South American regions.

The increasing adoption of personal vehicles will facilitate the automotive digital instrument cluster market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 severely impacted North America, especially the US. As of September 3, 2021, the US recorded more than 40 million COVID-19 cases, with more than 662,853 deaths. On the same day, the total number of COVID-19 cases reported in Canada and Mexico was more than 1,507,053 and 3,387,885, respectively. This led to the imposition of lockdowns in several countries in the region, such as the US, Canada, and Mexico. Owing to these lockdowns and stringent social distancing norms, operations of automotive manufacturing industries were suspended in the region in 2020. However, after the second wave of the COVID-19 outbreak in Q2 2021, stringent safety norms were followed, and large-scale vaccination drives were organized. This led to the resumption of manufacturing operations, including that of automotive digital instrument clusters. The automotive digital instrument cluster market was on a recovery path in Q3 2021, which is expected to continue during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Digital Instrument Cluster Market?

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The automotive digital instrument cluster market share growth in the luxury vehicles segment will be significant during the forecast period. The adoption of digital instrument clusters is the highest in luxury vehicles. These vehicles incorporate advanced systems related to safety, comfort, and convenience, which include digital instrument clusters. Most of the digital instrument clusters in luxury cars are offered as standard fitment. Their increasing production and sales are directly contributing to the growth of the luxury vehicles segment of the global automotive digital instrument cluster market.

Besides the above-mentioned factors, the post-COVID-19 impact has brought forth a slowdown in or fast-tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive digital instrument cluster market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Automotive Digital Instrument Cluster Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 30.27%

Market growth 2022-2026

$4.35 billion

Market structure

Fragmented

YoY growth (%)

27.72

Regional analysis

Europe, North America, APAC, South America, and the Middle East and Africa

Performing market contribution

North America at 38%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Alps Alpine Co. Ltd, Aptiv Plc, Continental AG, Denso Corp., ID4Motion, International Automotive Components Group SA, Marelli Holdings Co. Ltd., Minda Corp. Ltd., Mitsubishi Electric Corp., Nippon Seiki Co. Ltd., Panasonic Holdings Corp., Pricol Ltd., Renesas Electronics Corp, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Stoneridge Inc., Valid Manufacturing Ltd., Visteon Corp., and Yazaki Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Digital Instrument Cluster Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive digital instrument cluster market growth during the next five years
  • Precise estimation of the automotive digital instrument cluster market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive digital instrument cluster market industry across Europe, North America, APAC, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive digital instrument cluster market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Luxury vehicles - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Luxury vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Luxury vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Luxury vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Luxury vehicles - Year-over-year growth 2021-2026 (%)
    • 5.4 Mid-segment vehicles - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Mid-segment vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Mid-segment vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Mid-segment vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Mid-segment vehicles - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Aptiv Plc
              • Exhibit 89: Aptiv Plc - Overview
              • Exhibit 90: Aptiv Plc - Business segments
              • Exhibit 91: Aptiv Plc - Key news
              • Exhibit 92: Aptiv Plc - Key offerings
              • Exhibit 93: Aptiv Plc - Segment focus
            • 10.4 Continental AG
              • Exhibit 94: Continental AG - Overview
              • Exhibit 95: Continental AG - Business segments
              • Exhibit 96: Continental AG - Key news
              • Exhibit 97: Continental AG - Key offerings
              • Exhibit 98: Continental AG - Segment focus
            • 10.5 Denso Corp.
              • Exhibit 99: Denso Corp. - Overview
              • Exhibit 100: Denso Corp. - Business segments
              • Exhibit 101: Denso Corp. - Key news
              • Exhibit 102: Denso Corp. - Key offerings
              • Exhibit 103: Denso Corp. - Segment focus
            • 10.6 International Automotive Components Group SA
              • Exhibit 104: International Automotive Components Group SA - Overview
              • Exhibit 105: International Automotive Components Group SA - Product / Service
              • Exhibit 106: International Automotive Components Group SA - Key offerings
            • 10.7 Marelli Holdings Co. Ltd.
              • Exhibit 107: Marelli Holdings Co. Ltd. - Overview
              • Exhibit 108: Marelli Holdings Co. Ltd. - Product / Service
              • Exhibit 109: Marelli Holdings Co. Ltd. - Key news
              • Exhibit 110: Marelli Holdings Co. Ltd. - Key offerings
            • 10.8 Nippon Seiki Co. Ltd.
              • Exhibit 111: Nippon Seiki Co. Ltd. - Overview
              • Exhibit 112: Nippon Seiki Co. Ltd. - Business segments
              • Exhibit 113: Nippon Seiki Co. Ltd. - Key offerings
              • Exhibit 114: Nippon Seiki Co. Ltd. - Segment focus
            • 10.9 Panasonic Holdings Corp.
              • Exhibit 115: Panasonic Holdings Corp. - Overview
              • Exhibit 116: Panasonic Holdings Corp. - Business segments
              • Exhibit 117: Panasonic Holdings Corp. - Key news
              • Exhibit 118: Panasonic Holdings Corp. - Key offerings
              • Exhibit 119: Panasonic Holdings Corp. - Segment focus
            • 10.10 Robert Bosch GmbH
              • Exhibit 120: Robert Bosch GmbH - Overview
              • Exhibit 121: Robert Bosch GmbH - Business segments
              • Exhibit 122: Robert Bosch GmbH - Key news
              • Exhibit 123: Robert Bosch GmbH - Key offerings
              • Exhibit 124: Robert Bosch GmbH - Segment focus
            • 10.11 Samsung Electronics Co. Ltd.
              • Exhibit 125: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 126: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 127: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 128: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 129: Samsung Electronics Co. Ltd. - Segment focus
            • 10.12 Visteon Corp.
              • Exhibit 130: Visteon Corp. - Overview
              • Exhibit 131: Visteon Corp. - Product / Service
              • Exhibit 132: Visteon Corp. - Key news
              • Exhibit 133: Visteon Corp. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 134: Inclusions checklist
                • Exhibit 135: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 136: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 137: Research methodology
                • Exhibit 138: Validation techniques employed for market sizing
                • Exhibit 139: Information sources
              • 11.5 List of abbreviations
                • Exhibit 140: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

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              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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