Instrument Cluster Market by Application (Speedometer, Odometer, Tachometer, and Others), Vehicle Type (Passenger Car, Commercial, Two-wheeler, Agriculture, Off-highway), Technology (Analog, Hybrid, Digital), and Geography - Global Forecast to 2023
“Instrument cluster market expected to grow at a CAGR of 3.5% between 2018 and 2023”
The instrument cluster market is expected to be worth USD 9.02 billion in 2018 and is expected to reach USD 10.72 billion by 2023, at a CAGR of 3.5% between 2018 and 2023. Increasing demand for instrument clusters from the APAC region due to the increase in two-wheeler sales, stringent government regulations for vehicle and passenger safety across the globe, and increasing vehicle production worldwide are some of the driving factors for the growth of the instrument cluster market. On the other hand, the rise in price of instrument clusters due to advancements in features restrains the growth of the instrument cluster market.
“Digital instrument cluster expected to grow at the highest CAGR during the forecast period”
The market for digital instrument cluster is expected to grow at the highest CAGR between 2018 and 2023. Digital instrument clusters allow automakers to present new features and information to drivers with over-the-air software updates, preventing clusters from becoming outdated throughout a vehicle's lifecycle. There is also a growing interest in technologies enabling 3D effects for a more immersive experience. All these initiatives would increase the scope of instrument clusters in vehicles, thereby helping the instrument cluster market to grow.
“Passenger car held the largest share of the instrument cluster market in 2017”
Passenger car held the largest share of the instrument cluster market in 2017. The demand for passenger cars is increasing in China, which has become the largest automobile market worldwide in terms of both production and sales. Factors such as large middle-class population, young population, launches of new car models, increase in per capita income, and changing lifestyles increase the consumption tendency of customers, thus acting as driving factors for increased buying preference for passenger cars. The passenger car segment is dominant among all vehicle type segments in the instrument cluster market. The demand for passenger cars has surged tremendously in the last few years, especially from emerging markets. The demand for instrument clusters is highly dependent on vehicle production and is likely to be more in emerging markets than the developed markets owing to the increase in vehicle manufacturing.
“Instrument cluster market in APAC expected to grow at the highest CAGR during the forecast period”
The instrument cluster market in APAC is expected to grow at the highest CAGR between 2018 and 2023. APAC is expected to provide ample of opportunities for the instrument cluster market during the forecast period for different types of vehicles, including two-wheelers, passenger cars, and commercial vehicles, among others. APAC is the leading two-wheelers market, with the major demand driven by China and India. APAC ranked 1st for the sales of passenger cars. China is the major contributor for the growth of APAC with 24.37 million units of passenger cars sold in 2016. This could be attributed to the growing population and rising income levels, which raise the demand for automobiles. The rise in automotive production is also driving the instrument cluster market in APAC.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across several regions. The breakup of the profiles of primary participants has been given below:
Research Coverage:
The report defines, describes, and forecasts the instrument cluster market on the basis of application, vehicle type, technology, and geography. It provides detailed information regarding major factors influencing the growth of the instrument cluster market (drivers, restraints, opportunities, and industry-specific challenges). It also analyzes competitive developments such as new product launches and developments, collaborations, agreements, contracts, partnerships, acquisitions, and expansions carried out by key players to grow in the market.
Reasons to Buy the Report:
The instrument cluster market is expected to be worth USD 9.02 billion in 2018 and is expected to reach USD 10.72 billion by 2023, at a CAGR of 3.5% between 2018 and 2023. Increasing demand for instrument clusters from the APAC region due to the increase in two-wheeler sales, stringent government regulations for vehicle and passenger safety across the globe, and increasing vehicle production worldwide are some of the driving factors for the growth of the instrument cluster market. On the other hand, the rise in price of instrument clusters due to advancements in features restrains the growth of the instrument cluster market.
“Digital instrument cluster expected to grow at the highest CAGR during the forecast period”
The market for digital instrument cluster is expected to grow at the highest CAGR between 2018 and 2023. Digital instrument clusters allow automakers to present new features and information to drivers with over-the-air software updates, preventing clusters from becoming outdated throughout a vehicle's lifecycle. There is also a growing interest in technologies enabling 3D effects for a more immersive experience. All these initiatives would increase the scope of instrument clusters in vehicles, thereby helping the instrument cluster market to grow.
“Passenger car held the largest share of the instrument cluster market in 2017”
Passenger car held the largest share of the instrument cluster market in 2017. The demand for passenger cars is increasing in China, which has become the largest automobile market worldwide in terms of both production and sales. Factors such as large middle-class population, young population, launches of new car models, increase in per capita income, and changing lifestyles increase the consumption tendency of customers, thus acting as driving factors for increased buying preference for passenger cars. The passenger car segment is dominant among all vehicle type segments in the instrument cluster market. The demand for passenger cars has surged tremendously in the last few years, especially from emerging markets. The demand for instrument clusters is highly dependent on vehicle production and is likely to be more in emerging markets than the developed markets owing to the increase in vehicle manufacturing.
“Instrument cluster market in APAC expected to grow at the highest CAGR during the forecast period”
The instrument cluster market in APAC is expected to grow at the highest CAGR between 2018 and 2023. APAC is expected to provide ample of opportunities for the instrument cluster market during the forecast period for different types of vehicles, including two-wheelers, passenger cars, and commercial vehicles, among others. APAC is the leading two-wheelers market, with the major demand driven by China and India. APAC ranked 1st for the sales of passenger cars. China is the major contributor for the growth of APAC with 24.37 million units of passenger cars sold in 2016. This could be attributed to the growing population and rising income levels, which raise the demand for automobiles. The rise in automotive production is also driving the instrument cluster market in APAC.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across several regions. The breakup of the profiles of primary participants has been given below:
- By Company Type: Tier 1 – 40%, Tier 2 – 36%, and Tier 3 – 24%
- By Designation: C-Level Executives – 40%, Directors – 32%, and Others – 28%
- By Region: North America – 30%, Europe – 34%, APAC – 28%, and RoW – 8%
Research Coverage:
The report defines, describes, and forecasts the instrument cluster market on the basis of application, vehicle type, technology, and geography. It provides detailed information regarding major factors influencing the growth of the instrument cluster market (drivers, restraints, opportunities, and industry-specific challenges). It also analyzes competitive developments such as new product launches and developments, collaborations, agreements, contracts, partnerships, acquisitions, and expansions carried out by key players to grow in the market.
Reasons to Buy the Report:
- Illustrative segmentation, analysis, and forecast pertaining to the instrument cluster market based on application, vehicle type, technology, and geography have been conducted to provide an overall view of the market.
- Major drivers, restraints, opportunities, and challenges for the instrument cluster market have been detailed in this report.
- The report includes a detailed competitive landscape of the key players in the market and their revenues.
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Breakdown of primaries
2.1.2.3 Key data from primary sources
2.1.2.4 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing market share by bottom-up analysis (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE INSTRUMENT CLUSTER MARKET
4.2 INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE
4.3 ASIA PACIFIC INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE AND COUNTRY (2017)
4.4 INSTRUMENT CLUSTER MARKET: GEOGRAPHICAL SNAPSHOT (2015-2023)
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing vehicle production worldwide
5.2.1.2 Stringent government regulations for vehicle and passenger safety across the globe
5.2.1.3 Increasing demand for instrument clusters from the APAC region due to the increase in two-wheeler sales
5.2.2 RESTRAINTS
5.2.2.1 Rise in price of instrument clusters as features become advanced
5.2.3 OPPORTUNITIES
5.2.3.1 Rising demand for digital instrument clusters across the world
5.2.3.2 Increasing demand for luxury vehicles
5.2.4 CHALLENGES
5.2.4.1 Software integration challenges for digital instrument clusters
6 INSTRUMENT CLUSTER MARKET, BY APPLICATION
6.1 INTRODUCTION
6.2 SPEEDOMETER
6.3 ODOMETER
6.4 TACHOMETER
6.5 OTHERS
7 INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE
7.1 INTRODUCTION
7.2 PASSENGER CAR
7.3 COMMERCIAL
7.4 TWO-WHEELER
7.5 AGRICULTURE
7.6 OFF-HIGHWAY
8 INSTRUMENT CLUSTER MARKET, BY TECHNOLOGY
8.1 INTRODUCTION
8.2 ANALOG
8.3 HYBRID
8.4 DIGITAL
9 GEOGRAPHIC ANALYSIS
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 US
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 UK
9.3.3 FRANCE
9.3.4 ITALY
9.3.5 RUSSIA
9.3.6 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 INDIA
9.4.4 SOUTH KOREA
9.4.5 REST OF APAC
9.5 ROW
9.5.1 SOUTH & CENTRAL AMERICA
9.5.2 MIDDLE EAST & AFRICA
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 MARKET RANKING ANALYSIS, 2017
10.2.1 PRODUCT LAUNCHES/DEVELOPMENTS
10.2.2 JOINT VENTURES/PARTNERSHIPS/COLLABORATIONS/AGREEMENTS
10.2.3 ACQUISITIONS
10.2.4 EXPANSIONS
11 COMPANY PROFILES
11.1 INTRODUCTION
11.2 KEY PLAYERS
(Business overview, Products offered, Recent developments, MNM view, SWOT analysis)*
11.2.1 CONTINENTAL
11.2.2 DENSO
11.2.3 VISTEON
11.2.4 NIPPON SEIKI
11.2.5 MAGNETI MARELLI
11.2.6 APTIV
11.2.7 CALSONIC KANSEI
11.2.8 PRICOL
11.2.9 ROBERT BOSCH
11.2.10 YAZAKI
*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.
11.3 OTHER KEY COMPANIES
11.3.1 ALPINE ELECTRONICS
11.3.2 CYPRESS SEMICONDUCTOR
11.3.3 DONGFENG ELECTRONIC TECHNOLOGY
11.3.4 JP MINDA
11.3.5 LUXOFT
11.3.6 MINI METERS MANUFACTURING
11.3.7 NVIDIA
11.3.8 PANASONIC AUTOMOTIVE
11.3.9 PARKER HANNIFIN
11.3.10 STONERIDGE
12 APPENDIX
12.1 INSIGHTS FROM INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
12.5 AVAILABLE CUSTOMIZATION
12.6 RELATED REPORTS
12.7 AUTHOR DETAILS
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Breakdown of primaries
2.1.2.3 Key data from primary sources
2.1.2.4 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing market share by bottom-up analysis (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE INSTRUMENT CLUSTER MARKET
4.2 INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE
4.3 ASIA PACIFIC INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE AND COUNTRY (2017)
4.4 INSTRUMENT CLUSTER MARKET: GEOGRAPHICAL SNAPSHOT (2015-2023)
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing vehicle production worldwide
5.2.1.2 Stringent government regulations for vehicle and passenger safety across the globe
5.2.1.3 Increasing demand for instrument clusters from the APAC region due to the increase in two-wheeler sales
5.2.2 RESTRAINTS
5.2.2.1 Rise in price of instrument clusters as features become advanced
5.2.3 OPPORTUNITIES
5.2.3.1 Rising demand for digital instrument clusters across the world
5.2.3.2 Increasing demand for luxury vehicles
5.2.4 CHALLENGES
5.2.4.1 Software integration challenges for digital instrument clusters
6 INSTRUMENT CLUSTER MARKET, BY APPLICATION
6.1 INTRODUCTION
6.2 SPEEDOMETER
6.3 ODOMETER
6.4 TACHOMETER
6.5 OTHERS
7 INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE
7.1 INTRODUCTION
7.2 PASSENGER CAR
7.3 COMMERCIAL
7.4 TWO-WHEELER
7.5 AGRICULTURE
7.6 OFF-HIGHWAY
8 INSTRUMENT CLUSTER MARKET, BY TECHNOLOGY
8.1 INTRODUCTION
8.2 ANALOG
8.3 HYBRID
8.4 DIGITAL
9 GEOGRAPHIC ANALYSIS
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 US
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 UK
9.3.3 FRANCE
9.3.4 ITALY
9.3.5 RUSSIA
9.3.6 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 INDIA
9.4.4 SOUTH KOREA
9.4.5 REST OF APAC
9.5 ROW
9.5.1 SOUTH & CENTRAL AMERICA
9.5.2 MIDDLE EAST & AFRICA
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 MARKET RANKING ANALYSIS, 2017
10.2.1 PRODUCT LAUNCHES/DEVELOPMENTS
10.2.2 JOINT VENTURES/PARTNERSHIPS/COLLABORATIONS/AGREEMENTS
10.2.3 ACQUISITIONS
10.2.4 EXPANSIONS
11 COMPANY PROFILES
11.1 INTRODUCTION
11.2 KEY PLAYERS
(Business overview, Products offered, Recent developments, MNM view, SWOT analysis)*
11.2.1 CONTINENTAL
11.2.2 DENSO
11.2.3 VISTEON
11.2.4 NIPPON SEIKI
11.2.5 MAGNETI MARELLI
11.2.6 APTIV
11.2.7 CALSONIC KANSEI
11.2.8 PRICOL
11.2.9 ROBERT BOSCH
11.2.10 YAZAKI
*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.
11.3 OTHER KEY COMPANIES
11.3.1 ALPINE ELECTRONICS
11.3.2 CYPRESS SEMICONDUCTOR
11.3.3 DONGFENG ELECTRONIC TECHNOLOGY
11.3.4 JP MINDA
11.3.5 LUXOFT
11.3.6 MINI METERS MANUFACTURING
11.3.7 NVIDIA
11.3.8 PANASONIC AUTOMOTIVE
11.3.9 PARKER HANNIFIN
11.3.10 STONERIDGE
12 APPENDIX
12.1 INSIGHTS FROM INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
12.5 AVAILABLE CUSTOMIZATION
12.6 RELATED REPORTS
12.7 AUTHOR DETAILS
LIST OF TABLES
Table 1 INSTRUMENT CLUSTER MARKET, BY APPLICATION, 2015–2023 (USD MILLION)
Table 2 INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE, 2015–2023 (USD MILLION)
Table 3 INSTRUMENT CLUSTER MARKET, 2015-2023 (MILLION UNITS)
Table 4 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 5 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR, BY REGION, 2015–2023 (USD MILLION)
Table 6 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 7 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION)
Table 8 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 9 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 10 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 11 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE, BY REGION, 2015–2023 (USD MILLION)
Table 12 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 13 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 14 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION)
Table 15 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 16 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 17 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER, BY REGION, 2015–2023 (USD MILLION)
Table 18 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 19 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER IN EUROPE, BY COUNTRY 2015-2023 (USD MILLION)
Table 20 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 21 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 22 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 23 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE, BY REGION, 2015–2023 (USD MILLION)
Table 24 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 25 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 26 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION)
Table 27 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 28 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 29 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE, BY REGION, 2015–2023 (USD MILLION)
Table 30 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 31 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 32 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION)
Table 33 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 34 INSTRUMENT CLUSTER MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 35 ANALOG INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE, 2015–2023 (USD MILLION)
Table 36 HYBRID INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE, 2015–2023 (USD MILLION)
Table 37 DIGITAL INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE, 2015–2023 (USD MILLION)
Table 38 INSTRUMENT CLUSTER MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 39 NORTH AMERICA: INSTRUMENT CLUSTER MARKET, BY COUNTRY, 2015-2023 (USD MILLION)
Table 40 INSTRUMENT CLUSTER MARKET IN NORTH AMERICA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 41 INSTRUMENT CLUSTER MARKET IN US, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 42 INSTRUMENT CLUSTER MARKET IN CANADA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 43 INSTRUMENT CLUSTER MARKET IN MEXICO, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 44 INSTRUMENT CLUSTER MARKET IN EUROPE, BY COUNTRY, 2015-2023 (USD MILLION)
Table 45 INSTRUMENT CLUSTER MARKET IN EUROPE, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 46 INSTRUMENT CLUSTER MARKET IN GERMANY, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 47 INSTRUMENT CLUSTER MARKET IN UK, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 48 INSTRUMENT CLUSTER MARKET IN FRANCE, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 49 INSTRUMENT CLUSTER MARKET IN ITALY, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 50 INSTRUMENT CLUSTER MARKET IN RUSSIA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 51 INSTRUMENT CLUSTER MARKET IN REST OF EUROPE, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 52 INSTRUMENT CLUSTER MARKET IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 53 INSTRUMENT CLUSTER MARKET IN APAC, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 54 INSTRUMENT CLUSTER MARKET IN CHINA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 55 INSTRUMENT CLUSTER MARKET IN JAPAN, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 56 INSTRUMENT CLUSTER MARKET IN INDIA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 57 INSTRUMENT CLUSTER MARKET IN SOUTH KOREA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 58 INSTRUMENT CLUSTER MARKET IN REST OF APAC, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 59 INSTRUMENT CLUSTER MARKET IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 60 INSTRUMENT CLUSTER MARKET IN ROW, BY VEHICLE TYPE, 2015–2023 (USD MILLION)
Table 61 INSTRUMENT CLUSTER MARKET IN SOUTH & CENTRAL AMERICA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 62 INSTRUMENT CLUSTER MARKET IN MIDDLE EAST & AFRICA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 63 RANKING OF PLAYERS, 2017
Table 64 PRODUCT LAUNCHES, 2016–2017
Table 65 JOINT VENTURES/PARTNERSHIPS/ COLLABORATIONS/AGREEMENTS, 2015–2017
Table 66 ACQUISITIONS, 2016–2017
Table 67 EXPANSIONS, 2014–2017
Table 1 INSTRUMENT CLUSTER MARKET, BY APPLICATION, 2015–2023 (USD MILLION)
Table 2 INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE, 2015–2023 (USD MILLION)
Table 3 INSTRUMENT CLUSTER MARKET, 2015-2023 (MILLION UNITS)
Table 4 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 5 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR, BY REGION, 2015–2023 (USD MILLION)
Table 6 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 7 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION)
Table 8 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 9 INSTRUMENT CLUSTER MARKET FOR PASSENGER CAR IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 10 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 11 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE, BY REGION, 2015–2023 (USD MILLION)
Table 12 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 13 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 14 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION)
Table 15 INSTRUMENT CLUSTER MARKET FOR COMMERCIAL VEHICLE IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 16 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 17 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER, BY REGION, 2015–2023 (USD MILLION)
Table 18 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 19 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER IN EUROPE, BY COUNTRY 2015-2023 (USD MILLION)
Table 20 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 21 INSTRUMENT CLUSTER MARKET FOR TWO-WHEELER IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 22 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 23 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE, BY REGION, 2015–2023 (USD MILLION)
Table 24 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 25 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 26 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION)
Table 27 INSTRUMENT CLUSTER MARKET FOR AGRICULTURE VEHICLE IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 28 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 29 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE, BY REGION, 2015–2023 (USD MILLION)
Table 30 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 31 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
Table 32 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION)
Table 33 INSTRUMENT CLUSTER MARKET FOR OFF-HIGHWAY VEHICLE IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 34 INSTRUMENT CLUSTER MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 35 ANALOG INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE, 2015–2023 (USD MILLION)
Table 36 HYBRID INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE, 2015–2023 (USD MILLION)
Table 37 DIGITAL INSTRUMENT CLUSTER MARKET, BY VEHICLE TYPE, 2015–2023 (USD MILLION)
Table 38 INSTRUMENT CLUSTER MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 39 NORTH AMERICA: INSTRUMENT CLUSTER MARKET, BY COUNTRY, 2015-2023 (USD MILLION)
Table 40 INSTRUMENT CLUSTER MARKET IN NORTH AMERICA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 41 INSTRUMENT CLUSTER MARKET IN US, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 42 INSTRUMENT CLUSTER MARKET IN CANADA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 43 INSTRUMENT CLUSTER MARKET IN MEXICO, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 44 INSTRUMENT CLUSTER MARKET IN EUROPE, BY COUNTRY, 2015-2023 (USD MILLION)
Table 45 INSTRUMENT CLUSTER MARKET IN EUROPE, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 46 INSTRUMENT CLUSTER MARKET IN GERMANY, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 47 INSTRUMENT CLUSTER MARKET IN UK, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 48 INSTRUMENT CLUSTER MARKET IN FRANCE, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 49 INSTRUMENT CLUSTER MARKET IN ITALY, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 50 INSTRUMENT CLUSTER MARKET IN RUSSIA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 51 INSTRUMENT CLUSTER MARKET IN REST OF EUROPE, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 52 INSTRUMENT CLUSTER MARKET IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
Table 53 INSTRUMENT CLUSTER MARKET IN APAC, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 54 INSTRUMENT CLUSTER MARKET IN CHINA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 55 INSTRUMENT CLUSTER MARKET IN JAPAN, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 56 INSTRUMENT CLUSTER MARKET IN INDIA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 57 INSTRUMENT CLUSTER MARKET IN SOUTH KOREA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 58 INSTRUMENT CLUSTER MARKET IN REST OF APAC, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 59 INSTRUMENT CLUSTER MARKET IN ROW, BY REGION, 2015–2023 (USD MILLION)
Table 60 INSTRUMENT CLUSTER MARKET IN ROW, BY VEHICLE TYPE, 2015–2023 (USD MILLION)
Table 61 INSTRUMENT CLUSTER MARKET IN SOUTH & CENTRAL AMERICA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 62 INSTRUMENT CLUSTER MARKET IN MIDDLE EAST & AFRICA, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
Table 63 RANKING OF PLAYERS, 2017
Table 64 PRODUCT LAUNCHES, 2016–2017
Table 65 JOINT VENTURES/PARTNERSHIPS/ COLLABORATIONS/AGREEMENTS, 2015–2017
Table 66 ACQUISITIONS, 2016–2017
Table 67 EXPANSIONS, 2014–2017
According to the research report on "Instrument Cluster Market by Application (Speedometer, Odometer, Tachometer, and Others), Vehicle Type (Passenger Car, Commercial, Two-wheeler, Agriculture, Off-highway), Technology (Analog, Hybrid, Digital), and Geography - Global Forecast to 2023", the instrument cluster market, the overall market is estimated to be worth USD 9.02 Billion in 2018 and is expected to reach USD 10.72 Billion by 2023, at a CAGR of 3.5% between 2018 and 2023. Increasing vehicle production worldwide and stringent government regulations for vehicle and passenger safety across the globe are the major drivers for the growth of the instrument cluster market.
Major players profiled in the instrument cluster market report are:
- Continental (Germany),
- DENSO (Japan),
- Visteon (US),
- Nippon Seiki (Japan),
- Magneti Marelli (Italy),
- Aptiv (UK),
- Calsonic Kansei (Japan),
- Pricol (India),
- Robert Bosch (Germany), and
- Yazaki (Japan).
The report also includes profiles of companies such as Alpine Electronics (Japan), Cypress Semiconductor (US), Dongfeng Electronic Technology (China), JP Minda (India), Luxoft (Switzerland), Mini Meters Manufacturing (India), NVIDIA (US), Panasonic Automotive (Germany), Parker Hannifin (US), and Stoneridge (US).
Hybrid instrument cluster expected to hold a major share during the forecast period
Hybrid instrument cluster led the market in 2017. Hybrid instrument clusters are used in various vehicles, such as two-wheelers, passenger cars, buses and coaches, among others. The increasing adoption of hybrid instrument clusters for passenger cars and commercial vehicles is expected to drive the market during the forecast period. The increasing sales of passenger and commercial vehicles will simultaneously increase the demand for hybrid instrument clusters.
Two-wheeler expected to grow at a high CAGR between 2018 and 2023
Two-wheeler is expected to grow at the highest CAGR during the forecast period. APAC is the leading two-wheeler market, with the major demand driven by China and India. Globally, India was the leading country in 2016-17 for the sales of two-wheelers (17.7 million units), followed by China (Source: Society of Indian Automobile Manufacturers and China Association of Automobile Manufacturers). Factors such as large middle-class population, young population, launches of new models, increase in per capita income, and changing lifestyles increase the consumption tendency of customers, thus acting as driving factors for increased buying preference for passenger cars and two-wheelers. Greater fuel efficiency is also one of the major factors that affect consumer purchase decision. This will compel leading companies across two-wheelers segment to focus on delivering performance-oriented vehicles.
APAC expected to hold a major share of instrument cluster market between 2018 and 2023
Asia Pacific is expected to hold the largest share of the instrument cluster market during the forecast period. In APAC, China is expected to be the major contributor for the instrument cluster market between 2018 and 2023. This is due to the increasing sales of different types of vehicles such as passenger cars, two-wheelers, and commercial vehicles. The automotive industry in Asia Pacific has been very dynamic over the past few years, owing to changing consumer preferences, rapid urbanization, increasing per capita income of the middle-class population, and low vehicle cost. The region is known for producing compact and cost-effective cars and comprises some of the fastest-developing economies of the world, including China and India.
