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
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.
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and an in-depth TOC on "Global Automotive Instrument Cluster Market"
https://www.techsciresearch.com/report/global-automotive-instrument-cluster-market-by-vehicle-type-two-wheeler-passenger-cars-commercial-vehicles-by-product-type-analog-digital-and-hybrid-by-company-and-by-geography-forecast-opportunities/1171.html
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.
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“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.
About TechSci Research
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