Market Overview:
The global light vehicle instrument market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, rising awareness about safety features in vehicles is also expected to boost the demand for light vehicle instruments over the forecast period. On basis of type, instrument clusters are estimated to account for a larger share of the global light vehicle instrument market in 2018. This can be attributed to their growing adoption by OEMs as well as aftermarkets owing to their enhanced functionalities and features such as fuel level indication, odometer reading, among others. Instrument panels are also anticipated witness significant growth during 2018-2030 due their increasing use by OEMs for providing information about various aspects such as speed and engine performance parameters etc.
Product Definition:
A light vehicle instrument (LVI) is a device used to measure the distance between two points on a surface, most often used in automotive manufacturing. It is important for ensuring accuracy in the manufacturing process.
Instrument Clusters:
Instrument clusters are electronic control units that are mounted on the dashboard of a vehicle. They help in controlling all the essential functions such as fuel injection, temperature, and other vehicle parameters with just one set of switches. The primary function of an instrument cluster is to monitor and display crucial vehicle information such as speed, coolant temperature, oil pressure and battery charge level among others.
Instrument Panels:
Instrument panels are the part of a vehicle that displays information and warning signals to the driver. It is usually mounted on dashboards or door panels. The instrument panel consists of various dials, switches, and gauges that provide information about vehicle’s vital statistics such as fuel level status, engine temperature etc.
The global light vehicle instrument panel market size was valued at USD 6,48 billion in 2016.
Application Insights:
Based on application, the global light vehicle instrument market has been segmented into OEMs, aftermarkets and others. The OEMs segment held a major share of over 60% in 2017. This is attributed to the extensive use of OE-specification instruments for basic functions such as speedometer and tachometer by automakers for their vehicles. Moreover, many automotive manufacturers are also including advanced features such as fuel consumption tracker and temperature display in their basic car package options to enhance customer appeal over competitors¢â‚¬â„¢ offerings.
The aftermarket segment is expected to witness significant growth with a CAGR exceeding 7% from 2018 to 2030 owing to rising demand for replacement instrument panels or clusters that offer improved accuracy than original equipment manufactured (OEM) products do.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for automotive electronics in countries, such as China and India. In addition, rising disposable income levels in these countries are anticipated to fuel product demand during the forecast period. Europe accounted for a significant share of global light vehicle instrument industry revenue owing to high R&D investments by companies and presence of major automobile manufacturers including Volkswagen AG; BMW Group; Daimler AG; Ford Motor Company Europe S.A.; Fiat Chrysler Automobiles N.V.; Mercedes-Benz AG & Co., Ltd.; Porsche Austria GmbH; Renault S.A.; Samsung Electronics Co., Ltd.; Skoda Auto Czech Republic a.s.
The North American region is also likely to witness considerable growth over the next eight years due its early adoption of advanced technologies across various segments, such as marine.
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Rising disposable income of consumers in developing countries
- Technological advancements in the automotive industry
- Stringent emission norms by regulatory authorities across the globe
- Growing popularity of electric and hybrid vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle Instrument Market Research Report
By Type
Instrument Clusters, Instrument Panels
By Application
OEMs, Aftermarkets
By Companies
Brose, Denso, MIKUNI, Honeywell, Mahle, R744, Continental, Johnson Controls, Schaeffler, Valeo, Preh Group
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle Instrument Market Report Segments:
The global Light Vehicle Instrument market is segmented on the basis of:
Types
Instrument Clusters, Instrument Panels
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
OEMs, Aftermarkets
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:
- Brose
- Denso
- MIKUNI
- Honeywell
- Mahle
- R744
- Continental
- Johnson Controls
- Schaeffler
- Valeo
- Preh Group
Highlights of The Light Vehicle Instrument 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:
- Instrument Clusters
- Instrument Panels
- By Application:
- OEMs
- Aftermarkets
- 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 Light Vehicle Instrument 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?
Light Vehicle Instrument is a system that monitors vehicle performance and provides real-time feedback to the driver.
Some of the key players operating in the light vehicle instrument market are Brose, Denso, MIKUNI, Honeywell, Mahle, R744, Continental, Johnson Controls, Schaeffler, Valeo, Preh Group.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Light Vehicle Instrument Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Light Vehicle Instrument Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Light Vehicle Instrument Market - Supply Chain
4.5. Global Light Vehicle Instrument Market Forecast
4.5.1. Light Vehicle Instrument Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Light Vehicle Instrument Market Size (000 Units) and Y-o-Y Growth
4.5.3. Light Vehicle Instrument Market Absolute $ Opportunity
5. Global Light Vehicle Instrument Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Light Vehicle Instrument Market Size and Volume Forecast by Type
5.3.1. Instrument Clusters
5.3.2. Instrument Panels
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Light Vehicle Instrument Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Light Vehicle Instrument Market Size and Volume Forecast by Application
6.3.1. OEMs
6.3.2. Aftermarkets
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Light Vehicle Instrument Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Light Vehicle Instrument Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Light Vehicle Instrument Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Light Vehicle Instrument Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Light Vehicle Instrument Demand Share Forecast, 2019-2026
9. North America Light Vehicle Instrument Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Light Vehicle Instrument Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Light Vehicle Instrument Market Size and Volume Forecast by Application
9.4.1. OEMs
9.4.2. Aftermarkets
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Light Vehicle Instrument Market Size and Volume Forecast by Type
9.7.1. Instrument Clusters
9.7.2. Instrument Panels
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Light Vehicle Instrument Demand Share Forecast, 2019-2026
10. Latin America Light Vehicle Instrument Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Light Vehicle Instrument Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Light Vehicle Instrument Market Size and Volume Forecast by Application
10.4.1. OEMs
10.4.2. Aftermarkets
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Light Vehicle Instrument Market Size and Volume Forecast by Type
10.7.1. Instrument Clusters
10.7.2. Instrument Panels
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Light Vehicle Instrument Demand Share Forecast, 2019-2026
11. Europe Light Vehicle Instrument Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Light Vehicle Instrument Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Light Vehicle Instrument Market Size and Volume Forecast by Application
11.4.1. OEMs
11.4.2. Aftermarkets
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Light Vehicle Instrument Market Size and Volume Forecast by Type
11.7.1. Instrument Clusters
11.7.2. Instrument Panels
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Light Vehicle Instrument Demand Share, 2019-2026
12. Asia Pacific Light Vehicle Instrument Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Light Vehicle Instrument Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Light Vehicle Instrument Market Size and Volume Forecast by Application
12.4.1. OEMs
12.4.2. Aftermarkets
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Light Vehicle Instrument Market Size and Volume Forecast by Type
12.7.1. Instrument Clusters
12.7.2. Instrument Panels
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Light Vehicle Instrument Demand Share, 2019-2026
13. Middle East & Africa Light Vehicle Instrument Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Light Vehicle Instrument Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Light Vehicle Instrument Market Size and Volume Forecast by Application
13.4.1. OEMs
13.4.2. Aftermarkets
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Light Vehicle Instrument Market Size and Volume Forecast by Type
13.7.1. Instrument Clusters
13.7.2. Instrument Panels
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Light Vehicle Instrument Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Light Vehicle Instrument Market: Market Share Analysis
14.2. Light Vehicle Instrument Distributors and Customers
14.3. Light Vehicle Instrument Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Brose
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Denso
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MIKUNI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mahle
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. R744
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Continental
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Johnson Controls
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Schaeffler
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Valeo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Preh Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
