Increased Production of Vehicle, High Demand of Instrument Cluster in Europe, Stringent Regulations Imposed by government globally are the factors expected to drive the Global Instrument Cluster Market in the forecast period of 2019 to 2026

Global instrument cluster market is expected to grow at a substantial CAGR of 6.30% in the forecast period of 2019 to 2026.

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Drivers: Global Instrument Cluster Market

  • Increased production of vehicle
  • High demand of instrument cluster in Asia-Pacific
  • Stringent regulations imposed by government globally

Restraint:

  • Innovative cockpit design and advanced dis​​​​​​​play technology

Opportunities:

  • Rising demand for luxury vehicles
  • Advent of digital instrument cluster

Challenge:

Challenges for desiging digital instrument clusters

Market Trends:

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, the market is segmented into passenger car, commercial vehicle, two-wheeler, off-highway vehicle (OHV), agriculture vehicle and others. The passenger car is dominating the market with a substantial CAGR in the forecast period of 2019 to 2019.
  • On the basis of vehicle type, the market is segmented into internal combustion vehicle (ICV) and electric vehicle
  • On the basis of cluster the market is segmented into analog, digital and hybrid
  • On the basis of application, the market is segmented into speedometer, fuel gauge, odometer, tachometer and others
  • On the basis of sales channel, the market is segmented into original equipment manufacturer (OEM) and aftermarket

Major Players: 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, ,Renesas Electronics Corporation.