Automotive Instrument Cluster Market to Surpass $ 15 Billion by 2022

Growing automobile sales and technological advancements coupled with increasing trend of digitalized clusters to fuel global automotive instrument cluster market through 2022

Automotive Instrument Cluster Market

According to TechSci Research report, Global Automotive Instrument Cluster Market By Vehicle Type, By Instrument Cluster Type, By Region, Competition Forecast & Opportunities, 2012 – 2022, the global automotive instrument cluster market is forecast to reach $ 15.7 billion by 2022. Growing sales of passenger cars, commercial vehicles and motorcycles, coupled with increasing inclination of consumers towards hybrid and digital instrument clusters are among the major demand generators for automotive instrument clusters, globally. Growth in the market is also expected to be supported by declining prices of TFT and LCD screens, which is driving down the cost of automotive instrument clusters.

Browse 162 market data Figures and Tables spread through 256 Pages and an in-depth TOC on “Global Automotive Instrument Cluster Market”

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Continental AG, Visteon Corporation, DENSO Corporation, Nippon Seiki Co., Ltd and Delphi Automotive PLC are few of the major companies operating in the global automotive instrument cluster market. Increasing presence of various major players and their rising focus on research & development activities to manufacture technologically advanced instrument clusters is anticipated to further intensify the competitive scenario in the global automotive instrument cluster market over the next five years. On the back of growing automobile production, huge population base and rising sales of automobiles, especially passenger cars, Asia-Pacific held the largest market share in 2016, and the region is expected to dominate the global automotive instrument cluster market during the forecast period as well.

“Rising consumer preference for advanced and feature rich instrument clusters with digital interference, is anticipated to positively influence the global automotive instrument cluster market over the coming years. Moreover, increasing technological advancements and growing demand for autonomous vehicles is also expected to augur well for the global automotive instrument clusters market during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Automotive Instrument Cluster Market By Vehicle Type, By Instrument Cluster Type, By Region, Competition Forecast & Opportunities, 2012 – 2022”has analyzed the potential of automotive instrument cluster market across the globe, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry. 


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