Market Overview:
The global vehicle instrument cluster 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%. The growth of the market can be attributed to the increasing demand for passenger cars, commercial vehicles, two-wheelers and agricultural vehicles across the globe. Additionally, the increasing adoption of digital instrument clusters in vehicles is also expected to fuel the growth of this market over the forecast period. On basis of type, analog segment accounted for majority share in global vehicle instrument cluster market in 2017 and is anticipated to maintain its dominance throughout forecast period. However, hybrid segment is projected to exhibit highest CAGR during forecast period owing to growing demand for advanced features such as real-time traffic updates and navigation among consumers. Based on application, passenger car segment dominated global vehicle instrument cluster market with largest share in 2017 and it is anticipated that this trend would continue during forecast period as well. Commercial vehicle segment follows passenger car with second largest share due rising demand from logistics sector coupled with increase in number of fleet operators globally.
Product Definition:
The instrument cluster is a component of a vehicle that displays information about the vehicle's performance and operating condition to the driver. The instrument cluster typically includes a speedometer, tachometer, fuel gauge, and various warning lights.
Analog:
Analog display is a system that displays information in the form of continuous and/or discrete values on a linear continuum. The human eye can easily differentiate between analog signals than digital signals. Continuous variations in voltage or current, such as those generated by heat, movement, sound and light are represented by an analog signal. Analog systems are widely used because they provide more accurate results than their counterparts; this is one of the key factors driving market growth over the forecast period.
Hybrid:
Hybrid Electric Vehicle (HEV) is a vehicle which uses both battery and electric power sources simultaneously to provide mobility. It has two or more power sources that are connected in series to produce a combined output. The first hybrid vehicles were produced by the Toyota Motor Corporation, with the first models being launched in 1999. Since then, many other companies have entered this market including Nissan, Mitsubishi Motors Corp., Honda Motor Co., Ltd.
Application Insights:
The market is segmented by application into passenger car, commercial, two-wheeler, agriculture and off-highway vehicles. The off-highway vehicle segment held the largest share in 2017 owing to the growing demand for advanced safety and comfort features in trucks and buses. Clusters are also used extensively in heavy vehicles such as trucks, tractors and tankers to monitor engine parameters such as speedometer/odometer reading, fuel level etc. Additionally, these systems can be upgraded with additional functions such as navigation using Global Positioning Systems (GPS), electronic stability control (ESC) system monitoring etc., further driving the growth of this segment over the forecast period.
The passenger car segment is expected to witness significant growth over the forecast period due to increasing sales of mid-sized cars that offer enhanced driver experience along with increased safety features for better protection against road accidents & disasters.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing sales of passenger cars, two-wheelers, and commercial vehicles. Rising disposable income levels coupled with growing consumer awareness regarding vehicle safety features is anticipated to drive demand from 2018 to 2030.
Europe was the second-largest market for GMIC instrument clusters after Asia Pacific owing to stringent government regulations pertaining vehicle emissions in countries such as Germany, France, Italy, and U.K., which are some of the major markets in Europe. North America also held a significant share due to high demand from police departments for added security measures such as speed sensing devices installed on cop cars that can detect if a car is going above posted limits or not during nighttime patrolling operations (highway patrol).
Growth Factors:
- Increasing demand for luxury and premium vehicles
- Rising disposable income of consumers in developing countries
- Technological advancements in instrument clusters
- Stringent government regulations for vehicle safety and emissions control
- Growing popularity of connected cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Instrument Cluster Market Research Report
By Type
Analog, Hybrid, Digital
By Application
Passenger Car, Commercial, Two-wheeler, Agriculture, Off-highway
By Companies
Continental, Denso, Visteon, Nippon Seiki, Magneti Marelli, Aptiv, Calsonic Kansei, Pricol, Robert Bosch, Yazaki, Alpine Electronics, Cypress Semiconductor, Dongfeng Electronic Technology, JP Minda, Luxoft, Mini Meters Manufacturing, Nvidia, Panasonic Automotive, Parker Hannifin, Stoneridge
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Instrument Cluster Market Report Segments:
The global Vehicle Instrument Cluster 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 Car, Commercial, Two-wheeler, Agriculture, Off-highway
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:
- Continental
- Denso
- Visteon
- Nippon Seiki
- Magneti Marelli
- Aptiv
- Calsonic Kansei
- Pricol
- Robert Bosch
- Yazaki
- Alpine Electronics
- Cypress Semiconductor
- Dongfeng Electronic Technology
- JP Minda
- Luxoft
- Mini Meters Manufacturing
- Nvidia
- Panasonic Automotive
- Parker Hannifin
- Stoneridge
Highlights of The Vehicle Instrument Cluster 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 Car
- Commercial
- Two-wheeler
- Agriculture
- Off-highway
- 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 Cluster 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 Cluster (VIC) is a system that collects and displays vehicle information, including speed, RPMs, fuel level, and temperature.
Some of the major players in the vehicle instrument cluster market are Continental, Denso, Visteon, Nippon Seiki, Magneti Marelli, Aptiv, Calsonic Kansei, Pricol, Robert Bosch, Yazaki, Alpine Electronics, Cypress Semiconductor, Dongfeng Electronic Technology, JP Minda, Luxoft, Mini Meters Manufacturing, Nvidia, Panasonic Automotive, Parker Hannifin, Stoneridge.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vehicle Instrument Cluster 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. Vehicle Instrument Cluster Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vehicle Instrument Cluster Market - Supply Chain
4.5. Global Vehicle Instrument Cluster Market Forecast
4.5.1. Vehicle Instrument Cluster Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vehicle Instrument Cluster Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vehicle Instrument Cluster Market Absolute $ Opportunity
5. Global Vehicle Instrument Cluster 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. Vehicle Instrument Cluster Market Size and Volume Forecast by Type
5.3.1. Analog
5.3.2. Hybrid
5.3.3. Digital
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vehicle Instrument Cluster 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. Vehicle Instrument Cluster Market Size and Volume Forecast by Application
6.3.1. Passenger Car
6.3.2. Commercial
6.3.3. Two-wheeler
6.3.4. Agriculture
6.3.5. Off-highway
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vehicle Instrument Cluster 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. Vehicle Instrument Cluster 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 Vehicle Instrument Cluster 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. Vehicle Instrument Cluster 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 Vehicle Instrument Cluster Demand Share Forecast, 2019-2026
9. North America Vehicle Instrument Cluster 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 Vehicle Instrument Cluster 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 Vehicle Instrument Cluster Market Size and Volume Forecast by Application
9.4.1. Passenger Car
9.4.2. Commercial
9.4.3. Two-wheeler
9.4.4. Agriculture
9.4.5. Off-highway
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vehicle Instrument Cluster Market Size and Volume Forecast by Type
9.7.1. Analog
9.7.2. Hybrid
9.7.3. Digital
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 Vehicle Instrument Cluster Demand Share Forecast, 2019-2026
10. Latin America Vehicle Instrument Cluster 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 Vehicle Instrument Cluster 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 Vehicle Instrument Cluster Market Size and Volume Forecast by Application
10.4.1. Passenger Car
10.4.2. Commercial
10.4.3. Two-wheeler
10.4.4. Agriculture
10.4.5. Off-highway
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vehicle Instrument Cluster Market Size and Volume Forecast by Type
10.7.1. Analog
10.7.2. Hybrid
10.7.3. Digital
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 Vehicle Instrument Cluster Demand Share Forecast, 2019-2026
11. Europe Vehicle Instrument Cluster 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 Vehicle Instrument Cluster 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 Vehicle Instrument Cluster Market Size and Volume Forecast by Application
11.4.1. Passenger Car
11.4.2. Commercial
11.4.3. Two-wheeler
11.4.4. Agriculture
11.4.5. Off-highway
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vehicle Instrument Cluster Market Size and Volume Forecast by Type
11.7.1. Analog
11.7.2. Hybrid
11.7.3. Digital
11.8. Basis Pont 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 Vehicle Instrument Cluster Demand Share, 2019-2026
12. Asia Pacific Vehicle Instrument Cluster 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 Vehicle Instrument Cluster 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 Vehicle Instrument Cluster Market Size and Volume Forecast by Application
12.4.1. Passenger Car
12.4.2. Commercial
12.4.3. Two-wheeler
12.4.4. Agriculture
12.4.5. Off-highway
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vehicle Instrument Cluster Market Size and Volume Forecast by Type
12.7.1. Analog
12.7.2. Hybrid
12.7.3. Digital
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 Vehicle Instrument Cluster Demand Share, 2019-2026
13. Middle East & Africa Vehicle Instrument Cluster 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 Vehicle Instrument Cluster 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 Vehicle Instrument Cluster Market Size and Volume Forecast by Application
13.4.1. Passenger Car
13.4.2. Commercial
13.4.3. Two-wheeler
13.4.4. Agriculture
13.4.5. Off-highway
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vehicle Instrument Cluster Market Size and Volume Forecast by Type
13.7.1. Analog
13.7.2. Hybrid
13.7.3. Digital
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 Vehicle Instrument Cluster Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vehicle Instrument Cluster Market: Market Share Analysis
14.2. Vehicle Instrument Cluster Distributors and Customers
14.3. Vehicle Instrument Cluster Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Continental
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. Visteon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nippon Seiki
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Magneti Marelli
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aptiv
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Calsonic Kansei
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pricol
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Robert Bosch
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yazaki
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Alpine Electronics
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cypress Semiconductor
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Dongfeng Electronic Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. JP Minda
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Luxoft
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mini Meters Manufacturing
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Nvidia
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Panasonic Automotive
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Parker Hannifin
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Stoneridge
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
