Instrument Cluster Market Size, Share – Industry Trends and Forecast 2021-2028

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The research and analysis conducted in Instrument Cluster Market Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Instrument Cluster industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Instrument Cluster Market report is provided that covers many work areas.

Global instrument cluster market is projected to register a substantial CAGR of 6.3% in the forecast period of 2019 to 2026.

Instrument cluster  can be defined as instrument that installed in the a vehicle above the steering wheel that displays information related to the vehicle operation such as  fuel level, vehicle speed, fuel level and the status of various vehicular systems. This information is generally presented in the form of needle gauges, digital readouts and lighted symbols. The speedometer is main component of the instrument cluster.

Instrument cluster mainly consists of graphics processor that integrated with 2D/3D accelerator, SDR, DDR or Nand Flash Controller, display controller that display graphics information with help of TFT, LCD display. This cluster also integrates with CAN, MOST MLB, LVDS, Ethernet and USB that allow a direct connection to the rest of the network.

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The rising importance of the instrument cluster has enforces the players for the integration of digital technology to traditional clusters will enhance the overall performance of the cluster, thereby driving the market.

Segmentation: Global Instrument Cluster Market

Global instrument cluster market is segmented into five notable segments which are vehicle category, vehicle type, cluster type, application and sales channel.

  • On the basis of vehicle category, market is segmented into passenger car, commercial vehicle, two-wheeler, off-highway vehicle (OHV), agriculture vehicle and others
    • In June 2019, Continental and Leia developing the new 3D Light field Display which will deliver the third dimension to the automotive vehicles. The innovative cockpit solution having the natural 3D Light field instrument cluster. The product will enhance the driver experience by making interaction simpler with the vehicle and more effective.
  • On the basis of vehicle type, the market is segmented into internal combustion vehicle (ICV), and electric vehicle
    • In December 2018, Continental expanded their production plant located in India. The production plant set up has been started in India which is expected to be complete in year 2020. The new production plant will help the company to acquire the Indian market.
  • On the basis of application, the market has been segmented into speedometer, fuel gauge, odometer, tachometer and others
    • In October 2018, Continental group acquired the Kathrein Automotive GmbH. The company is subsidiary of Kathrein SE which provides the vehicle antennas. The acquisition will help the company to develop the new intelligent antennas for vehicle connectivity. The acquisition will help to develop the intelligent mobility together.
  • On the basis of sales channel, the market is segmented into original equipment manufacturer and aftermarket
    • In February 2018, Continental formed partnership with NVIDIA to develop the AI self-driving vehicle systems. The companies are focusing to develop the driverless solution for automotive industry.
  • On the basis of cluster type, the market is segmented into digital, analog, hybrid
    • In June 2018, Bosch and Mojio formed partnership for innovation agreement. Bosch made strategic investment in Mojjo to deliver the advanced connected car services. The innovation will be carried out to detect the crash, diagnostics and notify it on display which will inform the status of vehicle to consumer.

Competitive Analysis: Global Instrument Cluster Market

Some of the major players operating in this market are NIPPON SEIKI CO., LTD., Continental AG, Robert Bosch LLC, Denso Corporation, Magneti Marelli S.P.A, Yazaki Corporation, Visteon Corporation, Calsonic Kansei Corporation, Pricol Limited , Cypress Semiconductor Corporation, Nvidia Corporation, Dongfeng Electronic Technology Co.,Ltd., Parker Hannifin Corporation, IAC Group, Panasonic Corporation, Mitsubishi Electric Corporation, Harman International, Inc., Kyocera International, Inc., Japan Display Inc, Ford Motor Company, Desay Corporation and Renesas Electronics Corporation among  others.

Product Launches

  • In March 2019, VISTEON CORPORATION launched first 3D cluster for all new PEUGEOT 208 in all parts of PEUGEOT’s unique 3D i-Cockpit, where the instrument cluster mostly represents the first real 3D cluster in the automotive production. It helps in displaying advanced reflections for creating the impressions of 3D graphics.
  • In November 2018, Robert Bosch LLC launched the new curved instrument cluster debuted in Volkswagen Touareg. It is digital cockpit which contains curved instrument cluster which provides the reliability. The cluster provides the option for the driver to select required features.

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Key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the all inclusive Instrument Cluster report. This report aims to examine the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between major players. It is a professional and a detailed report focusing on primary and secondary drivers, market share, market size, sales volume, leading segments and geographical analysis. Global Instrument Cluster market report contains comprehensive and thorough insights which are based on business intelligence.

Major Highlights of Instrument Cluster market in Covid-19 pandemic covered in report:

The report provides impact of COVID-19 on Instrument Cluster market along with its impact on overall industry and economy of world. Further, it adds changes in consumer buying behavior as it impacts majorly on market growth and sales. Distributors and traders on marketing strategy analysis focusing on region wise needs in covid-19 pandemic is also added in the Instrument Cluster market report. The last segment of COVID-19 impact chapter include recovery and major changes opted by major players involved in Instrument Cluster market.

Reasons to Purchase this Report:

  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value USD Million and volume Units Million data for each segment and sub-segment
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Content:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

PART 05: MARKET LANDSCAPE

PART 06: MARKET SIZING

PART 07: FIVE FORCES ANALYSIS

PART 08: MARKET SEGMENTATION BY PRODUCT

PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

PART 10: CUSTOMER LANDSCAPE

PART 11: MARKET SEGMENTATION BY END-USER

PART 12: REGIONAL LANDSCAPE

PART 13: DECISION FRAMEWORK

PART 14: DRIVERS AND CHALLENGES

PART 15: MARKET TRENDS

PART 16: COMPETITIVE LANDSCAPE

PART 17: COMPANY PROFILES

PART 18: APPENDIX

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