Global Automotive Instrument Cluster Market 2017-2021

Overview of the global automotive instrument cluster market

Research analysis on the global automotive instrument cluster market identifies that the instrument cluster for low cost vehicles will be one of the major factors that will have a positive impact on the growth of the market. Low cost segment vehicles are fitted with LCDs and light emitting diode (LEDs) for pointer backlighting, gauge backlighting, and LCD backlighting. Low-cost hybrid instrument clusters for low-cost vehicles such as class A or class B segment cars are widely being offered by numerous manufacturers. This is mainly due to the declining prices of TFT/LCDs displays and rising demand for automobiles and automobile electronics in developing markets such as India and China. Also, the rising need for inexpensive components with attractive design, better technology, and the increasing investments in manufacturing cost-optimized solutions for instrument clusters by Tier 1 suppliers and automotive OEMs will drive the growth of the market during the forecast period. Technavio’s automotive instrument cluster market research analysts predict that this market will grow at a CAGR of close to 6% by 2021.

According to our automotive intruments cluster market analysis, APAC will be the major revenue contributor of the market throughout the forecast period. The increased dominance of entry-level cars and rising sales of the automobiles in India and China will drive the demand for automotive instrument cluster in the region. Also, the growing awareness regarding the safety features will significantly impact the automotive instrument cluster market in the region.

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Competitive landscape and key vendors  

Most of the OEMs and Tier-1 players in the automotive instrument cluster market are working with software industry players to increase the support for the visual options of the instrument cluster. The software is vital for the additional features in the instrument cluster and is an important part of the digital instrument cluster market. Our research analysis predicts that the OEMs and Tier-1 players will acquire the players in the software industry to offer improved products to the consumers.

The leading vendors in the market are –

• Bosch
• Continental
• DENSO
• Magneti Marelli
• Nippon Seiki
• Visteon

The other prominent vendors in the market are Alpine Electronics, Delphi Automotive, Innolux , Japan Display, Luxoft, Mitsubishi Electric, QNX Software Systems, Renesas Electronics, Rightware, SHARP , and YAZAKI Europe.

Segmentation by technology and analysis of the automotive instrument cluster market

• Hybrid
• Analog
• Digital

During 2016, the hybrid technology segment accounted for major shares of the automotive instrument cluster market. Factors such as the presence of digital and analog features, lower digital component prices, and high use of electronics in vehicles will contribute to the growth of this industry segment in the coming years.

Segmentation by vehicle type and analysis of the automotive instrument cluster market

• Commercial vehicles
• Passenger cars

As per this market research report, the passenger cars segment will hold the maximum share of the automotive instrument cluster market until 2021. The rising passenger vehicle production in the developing countries, increased consumption of passenger cars globally and the rise in sales in APAC will drive the growth of this market in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive instrument cluster market?
• What are the key market trends impacting the growth of the global automotive instrument cluster market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive instrument cluster market?
• What are the market opportunities and threats faced by the vendors in the global automotive instrument cluster market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive instrument cluster market?

Technavio also offers customization on reports based on specific client requirement.

The automotive instrument cluster is a primary data source for the driver, delivering critical information about the vehicle status. The upcoming market research report focuses on the automotive industry and follows a detailed research process to offer deep insights into the automotive electronics segment. Furthermore, this report presents factors influencing the global automotive instrument cluster market.

This market research report covers vendors like Renesas, Bosch, Denso, Continental, Visteon, Magneti Marelli, Nippon Seiki, Stoneridge, NXP, and YAZAKI. To provide deep insights into the automotive market, we segment our research across various geographies like the Americas, APAC, and EMEA. Furthermore, to help the clients resolve challenges like complexities associated with digital platforms hindering usability, we offer deep insights into the factors driving the global automotive instrument cluster market.

The market research experts at Technavio follow an in-depth research methodology using a top-down and bottom-up approach using techniques like vendor briefings, vendor analysis, trend analysis, and online surveys. Furthermore, we refer to a vast database of proprietary tools and databases, industry journals, webinar and podcasts, and market analysis in terms of market share and size using statistical tools.

Superior graphics display performance with amenities like touch, voice, and sound is the new trend in the global automotive instrument cluster market driving the market to growth stage. Our report categorizes the major trends drivers as well as the constraints in the market offering a deep-dive into the automotive industry for the estimated period of 2017-2021. Moreover, this report helps the clients strategize effectively by offering a realistic picture of the coming events in the near future. Technavio also provides exclusive market assessments into the sectors such as automotive components.

Our market research methodology for the automotive instrument cluster market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.