Market Overview:
The global vehicle instrument panel market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles, and the rising adoption of digital instrument panels. The global vehicle instrument panel market is segmented on the basis of type, application, and region. On the basis of type, it is divided into analog, hybrid, and digital panels. Analog panels are expected to hold a major share in the market due to their low cost and easy installation process as compared to other types of panels. However, with technological advancements in automotive electronics industry such as introduction of advanced driver assistance systems (ADAS) such as lane departure warning system (LDWS), forward collision warning system (FCWS), blind spot detection system (BSD), etc.
Product Definition:
A vehicle instrument panel is a board or stack of boards located in the cockpit area of an aircraft, motor vehicle, or other conveyance that displays information to the operator.
Analog:
Analog is a continuously variable quantity and can take on many values between two limits. It is used to represent continuous physical parameters in the vehicle instrument panel such as speed, temperature, etc. The growth factor of analog in Vehicle Instrument Panel (VIP) market depends upon its usage for representing physical quantities and changing preferences of consumers from digital to analog systems.
Hybrid:
Hybrid instruments are those that use two different technologies to get the information. One technology is used for inputting the commands and other for outputting the sensor data. Hybrid systems have been gaining importance in recent years owing to their ability to provide accurate readings with less power consumption, increased speed, and enhanced safety features.
Application Insights:
The global vehicle instrument panel market is segmented on the basis of application into passenger vehicle and commercial vehicle. The commercial vehicles include trucks, buses, coaches and lorries. The use of VIP in these vehicles provides better visibility for the driver by providing additional instruments such as speedometer, fuel gauge and temperature indicator in a single display.
Passenger vehicles comprise cars, light trucks (such as mini-vans) and sports cars. These types of vehicles are increasingly being used for commercial purposes such as transporting goods from warehouses to stores or from factories to distribution centers.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing sales of passenger and commercial vehicles in China, India, and other developing countries. Asia Pacific has been witnessing a strong demand for advanced driver assistance systems (ADAS) such as lane departure warning system (LDWS), adaptive cruise control (ACC), blind spot detection, and emergency autonomous braking since 2015. These ADAS features are now being integrated with vehicle instrument panels across all major regions.
North America accounted for more than 25% of the overall revenue share in 2017 owing to high demand from U.S., where consumers have been adopting these digital instrument panel technologies at a rapid pace since 2015 on account of stringent government regulations mandating their installation in light vehicles sold in that country after 2018 model year.
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Rising disposable income of consumers in developing countries
- Technological advancements in instrument panels that offer enhanced features and functionality
- Stringent safety norms by regulatory authorities across the globe
- Growing popularity of luxury cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Instrument Panel Market Research Report
By Type
Analog, Hybrid, Digital
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Calsonic Kansei, IAC Group, Johnson Controls, Leon Plastics, Dongfeng Electronic, Faurecia, Reydel Automotive, Changchun, Faway-Johnson Controls
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Instrument Panel Market Report Segments:
The global Vehicle Instrument Panel market is segmented on the basis of:
Types
Analog, Hybrid, Digital
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Calsonic Kansei
- IAC Group
- Johnson Controls
- Leon Plastics
- Dongfeng Electronic
- Faurecia
- Reydel Automotive
- Changchun
- Faway-Johnson Controls
Highlights of The Vehicle Instrument Panel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Analog
- Hybrid
- Digital
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vehicle Instrument Panel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Vehicle Instrument Panel (VIP) is a display that provides information about the vehicle's status and operation. The VIP includes gauges to monitor engine, air conditioning, fuel level, speed, and other system readings.
Some of the key players operating in the vehicle instrument panel market are Calsonic Kansei, IAC Group, Johnson Controls, Leon Plastics, Dongfeng Electronic, Faurecia, Reydel Automotive, Changchun, Faway-Johnson Controls.
The vehicle instrument panel market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle Instrument Panel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicle Instrument Panel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Instrument Panel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicle Instrument Panel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicle Instrument Panel Market Size & Forecast, 2018-2028
4.5.1 Vehicle Instrument Panel Market Size and Y-o-Y Growth
4.5.2 Vehicle Instrument Panel Market Absolute $ Opportunity
Chapter 5 Global Vehicle Instrument Panel Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vehicle Instrument Panel Market Size Forecast by Type
5.2.1 Analog
5.2.2 Hybrid
5.2.3 Digital
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vehicle Instrument Panel Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vehicle Instrument Panel Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Instrument Panel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicle Instrument Panel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vehicle Instrument Panel Analysis and Forecast
9.1 Introduction
9.2 North America Vehicle Instrument Panel Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vehicle Instrument Panel Market Size Forecast by Type
9.6.1 Analog
9.6.2 Hybrid
9.6.3 Digital
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vehicle Instrument Panel Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vehicle Instrument Panel Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicle Instrument Panel Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vehicle Instrument Panel Market Size Forecast by Type
10.6.1 Analog
10.6.2 Hybrid
10.6.3 Digital
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vehicle Instrument Panel Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vehicle Instrument Panel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicle Instrument Panel Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vehicle Instrument Panel Market Size Forecast by Type
11.6.1 Analog
11.6.2 Hybrid
11.6.3 Digital
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vehicle Instrument Panel Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vehicle Instrument Panel Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicle Instrument Panel Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vehicle Instrument Panel Market Size Forecast by Type
12.6.1 Analog
12.6.2 Hybrid
12.6.3 Digital
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vehicle Instrument Panel Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vehicle Instrument Panel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicle Instrument Panel Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vehicle Instrument Panel Market Size Forecast by Type
13.6.1 Analog
13.6.2 Hybrid
13.6.3 Digital
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vehicle Instrument Panel Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicle Instrument Panel Market: Competitive Dashboard
14.2 Global Vehicle Instrument Panel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Calsonic Kansei
14.3.2 IAC Group
14.3.3 Johnson Controls
14.3.4 Leon Plastics
14.3.5 Dongfeng Electronic
14.3.6 Faurecia
14.3.7 Reydel Automotive
14.3.8 Changchun
14.3.9 Faway-Johnson Controls
