The global instrument cluster market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2023, from US$XX.XXX billion in 2017. Instrument cluster is a device which informs displays various information including speed, water temperature, and fuel gauge among many others. These instruments are predominantly used in the automotive industry and increasing automotive production worldwide is the major driving factor for this market. Geographically, the Asia Pacific region held a significant market share owing to the concentration of major automotive and OEM vendors. Furthermore, this region has significant growth potential on account of rising disposable income, improvement in the standard of living and favourable government policies.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global instrument cluster value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global instrument cluster market.
Major industry players profiled as part of the report are Continental Automotive, Texas Instruments, NXP Semiconductor, Maxim Integrated, Cypress Semiconductor Corporation, Nippon Seiki Co., Ltd., Denso Corporation, and Renesas Electronics Corporation among others.
The global instrument cluster market has been analyzed through the following segments:
By Vehicle Type
Buses and Coaches
Light Commercial Vehicles
Middle East and Africa