China Instrument Cluster Market, By Vehicle Category (Passenger Car, Commercial Vehicle, Two-Wheeler, Off-Highway Vehicle, Agriculture Vehicle, Others), Vehicle Type (Internal Combustion vehicle (ICV), Electric Vehicle), Display Type (LCD, TFT-LCD, OLED), Cluster Type (Hybrid, Analog, Digital), Application (Speedometer, Fuel Gauge, Odometer, Tachometer, Others), Sales Channel (Original Equipment Manufacturers (OEM), Aftermarket) Industry Trends and Forecast to 2028.
Market Analysis : China Instrument Cluster Market
China instrument cluster market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the instrument cluster market to exhibit a CAGR of 3.40% for the forecast period of 2021-2028 and is expected to reach the USD 2,133.52 million by 2028.
Instrument cluster is an instrument which is installed in a vehicle to keep the driver informed with the most current information as they drive and is placed above the steering wheel that displays information related to the vehicle operation such as vehicle speed, oil pressure, distance, fuel level and the status of various vehicular systems, which is presented in the form of digital readouts, needle gauges and lighted symbols.
The rising importance of the instrument cluster has enforces the players for the integration of digital technology to traditional clusters and stringent government regulations for vehicle and passenger safety across the globe will emerge as the major significant factors driving market growth. Furthermore, growing vehicle production worldwide and rising demand for instrument clusters due to the upturn in sales of two-wheelers will further aggravate the market value. Additionally, upsurge in the demand for luxury vehicles will cushion the instrument cluster market growth rate.
In addition to this, technological advancements such as launch of automotive instrument cluster with new and advance screen, and biometric features create new opportunities for growing the market within the forecast period.
However, increasing prices of instrument clusters due to advancements impede the overall growth of the market. The issues which are prominent such as fluctuation in raw material cost such as chips, ICs and display, will dampen the growth rate that further result as a challenge for the market.
This China instrument cluster market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on China instrument cluster market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
China Instrument Cluster Market Scope and Market Size
China instrument cluster market is segmented on the basis of vehicle category, vehicle type, display type, cluster type, application and sales channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of vehicle category, the instrument cluster market has been segmented into passenger car, commercial vehicle, two-wheeler, off-highway vehicle, agriculture vehicle and others.
- On the basis of vehicle type, the instrument cluster market is segmented internal combustion vehicle (ICV) and electric vehicle.
- On the basis of display type, the instrument cluster market is segmented into LCD, TFT-LCD and OLED.
- On the basis of cluster type, the market is segmented into hybrid, analog and digital.
- On the basis of application, the instrument cluster market is segmented into speedometer, fuel gauge, odometer, tachometer and others.
- On the basis of sales channel, the market is segmented into original equipment manufacturers (OEM) and aftermarket.
Competitive Landscape and China Instrument Cluster Market Share Analysis
China instrument cluster market is segmented on the basis of vehicle category, vehicle type, display type, cluster type, application and sales channel. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to China instrument cluster market.
The major players covered in the instrument cluster market report are NIPPON SEIKI CO., LTD., Continental AG, Robert Bosch GmbH, DENSO CORPORATION, Marelli Holdings Co., Ltd, Yazaki Corporation, Visteon Corporation, Marelli Corporation, Pricol Limited , Cypress Semiconductor Corporation, Nvidia Corporation, PARKER HANNIFIN CORP, IAC Group, Panasonic Corporation, Mitsubishi Electric Corporation, Harman International, KYOCERA Corporation, Japan Display Inc., Ford Motor Company, Desay Corporation, Renesas Electronics Corporation among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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