DUBLIN--(BUSINESS WIRE)--The "Automotive Instrument Cluster Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The automotive instrument cluster market will reach revenues of close to $12 billion by 2023.
The growing demand for advanced electronic and semiconductor component will boost the automotive instrument cluster in the global market. The leading vendors are leveraging technology to introduce pioneering systems such as advanced driver assistance systems (ADAS) to gain a larger market share and attract new consumers.
The increasing proliferation of cockpit electronics solutions that offer centralized control and seamless data and information exchange between various systems is propelling the growth of the automotive instrument cluster market. Automotive instrument clusters improve the interconnectedness between various systems in a vehicle.
The rising demand for connected cars and integration of smartphones to automotive cockpit electronics will attribute to the growth of the global market. These instrument clusters are referred to as a consolidated information panel in the vehicle and provides all the necessary information to the driver. This system is used to display information on vehicle status data such as speed of the vehicle, engine rpm, transmission data, fuel levels, trip data, seat-belt indicator, door status, and several warning/check indicators. The introduction of telematics, digital clusters, and high-end infotainment systems in the mid-priced vehicle segment will revolutionize the global market.
The advent of electrification of automotive mechanics will contribute to the revenues in the global automotive instrument cluster market. The establishment of government regulations to reduce vehicle emissions and the growing need to increase the fuel economy of vehicles are the factors propelling the development of automotive mechanics in the global market. The leading OEMs are investing in the procurement of technology that will assists in reducing the weight of the vehicle or introduce electronically controlled vehicle mechanism.
The advancements will result in higher accuracy in automotive functioning, superior fuel efficiency, and reduced tailpipe emissions. Moreover, the launch of electronic systems such as anti-lock braking, electric parking brake, and ADAS will revolutionize the global automotive market during the forecast period.
The major vendors in the global market are:
- Continental AG
- Magneti Marelli
- Nippon Seiki
- Visteon Corporation
Other prominent vendors include:
- Alps Electric
- Japan Display
- Kyocera Corporation
- LG Electronics
- Panasonic Corporation
- Yazaki Corporation
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
5 Report Assumptions & Caveats
6 Market at A Glance
8 Market Dynamics
9 Value Chain Analysis
10 Global Automotive Market
11 Global Market Landscape
12 Global Automotive Instrument Cluster Market
13 Market by Product Type
14 Market by Vehicle Type
15 Geographical Segmentation
16 APAC: Automotive Instrument Cluster Market
17 Europe: Automotive Instrument Cluster Market
18 North America: Automotive Instrument Cluster Market
19 Latin America: Automotive Instrument Cluster Market
20 MEA: Automotive Instrument Cluster Market
21 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/5nn73j/12_billion?w=4