China Instrument Cluster Market to grow a substantial CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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The instrument cluster market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will have a prominent growth in upcoming years due to growing production of vehicle across the globe. In additionally; growing urbanization is another factor that influences the market growth in the coming future.
The market has witness developments in terms of merger and acquisitions, partnerships or product launches that expand the product portfolio for the customers which further meets the rising demand of innovative technology which further help the companies to sustain their position in the market. For instance, In November 2018, Bosch 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.
From these we can conclude that these strategic decisions will help the market players to improve their revenue share for China Instrument cluster market.
Denso Corporation is dominated player in the China Instrument cluster market. The other key players existing in the market includes 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 and others.
Denso Corporation headquartered in Aichi, Japan which was founded in 1949. The company performs serves its products through following categories which include mobility, industry and home. The products offered in the mobility are air conditioning system, power train system, safety and cockpit system, part and accessories, and service station. The company serves its products to the following industries which include industry, agriculture and home.
The company has wide global presence across the globe such as Europe, North America, Asia-Pacific, Argentina, Brazil, Saudi Arabia, and South Arica.
Continental AG headquartered in Hanover, Germany, which was founded in1871. The Company performs their business into five segments, which include chassis & safety, powertrain, interior, tires, contitech, other/consolidation. The company offers its products through following categories which include Chassis & Safety, Powertrain, Interior, Tires. The company is focused to provide the goods and services to the customer with mobility, transporting materials and processing data in automobiles industry.
The company performs its business in the following regions such as Europe, South America, North America, Africa and Asia-Pacific
The company also generates itsrevenue from its subsidiaries company which includes Conseo GmbH (Germany), Advance tyre company Ltd (Ireland), BeltTrade, Inc.(U.S.), ALPHALOR 3 EURL (France), Conticlub SAS (France) and Others.
Visteon Corporation has headquartered in Michigan, U.S. which was founded in 2000. The company performs its business through two segments such as electronics and others. The products offered by the company are instrument clusters, infotainment displays, head-up displays, telematics, domain controller, autonomous.
The company performs its business across the globe such as Europe, Americas, Asia-Pacific. The company also generates its revenue through various subsidiaries such as Autopal, Visteon International Holdings, Inc (U.S), Visteon Global Technologies Inc.(U.S), AllGo Embedded Systems Pvt. Ltd.(U.S), Visteon (Thailand) Ltd.
China Instrument Cluster Market – Industry Trends and Forecast to 2026