Automotive Instrument Cluster Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Instrument Cluster Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Instrument Cluster Trends and Forecast

The future of the global automotive instrument cluster market looks promising with opportunities in the analog, hybrid, and digital markets. The global automotive instrument cluster market is expected to reach an estimated $11.85 billion by 2030 with a CAGR of 8.1% from 2024 to 2030. The major drivers for this market are rapid surge in demand for premium electric vehicles, increasing demand of ADAS solutions in high-end cars, and growing inclination towards digital solutions.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Automotive Instrument Cluster by Segment

The study includes a forecast for the global automotive instrument cluster by vehicle type, technology, and region.

Automotive Instrument Cluster Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Commercial Vehicles
• Passenger Cars

Automotive Instrument Cluster Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Analog
• Hybrid
• Digital

Automotive Instrument Cluster Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Instrument Cluster Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive instrument cluster companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive instrument cluster companies profiled in this report include-

• Aptiv
• Calsonic Kansei
• Continental
• DENSO
• Magneti Marelli
• Nippon Seiki
• Robert Bosch

Automotive Instrument Cluster Market Insights

Lucintel forecasts that passenger car is expected to witness the higher growth over the forecast period due to expanding urbanization, a huge population rate, and a better standard of living.

Within this market, hybrid will remain the largest segment as it provides information like fuel economy, mileage, and temperature.

APAC is expected to witness highest growth over the forecast period due to growing production of vehicles in the region.

Features of the Global Automotive Instrument Cluster Market

Market Size Estimates: Automotive instrument cluster market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automotive instrument cluster market size by vehicle type, technology, and region in terms of value ($B).

Regional Analysis: Automotive instrument cluster market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different vehicle types, technologies, and regions for the automotive instrument cluster market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive instrument cluster market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the automotive instrument cluster market size?

Answer: The global automotive instrument cluster market is expected to reach an estimated $11.85 billion by 2030.

Q2. What is the growth forecast for automotive instrument cluster market?

Answer: The global automotive instrument cluster market is expected to grow with a CAGR of 8.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the automotive instrument cluster market?

Answer: The major drivers for this market are rapid surge in demand for premium electric vehicles, increasing demand of ADAS solutions in high-end cars, and growing inclination towards digital solutions.

Q4. What are the major segments for automotive instrument cluster market?

Answer: The future of the automotive instrument cluster market looks promising with opportunities in the analog, hybrid, and digital markets.

Q5. Who are the key automotive instrument cluster market companies?

Answer: Some of the key automotive instrument cluster companies are as follows:

• Aptiv
• Calsonic Kansei
• Continental
• DENSO
• Magneti Marelli
• Nippon Seiki
• Robert Bosch

Q6. Which automotive instrument cluster market segment will be the largest in future?

Answer: Lucintel forecasts that passenger car is expected to witness the higher growth over the forecast period due to expanding urbanization, a huge population rate, and a better standard of living.

Q7. In automotive instrument cluster market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing production of vehicles in the region.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the automotive instrument cluster market by vehicle type (commercial vehicle and passenger car), technology (analog, hybrid, and digital), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?Please note: It will take 2-3 business days to deliver the report upon receipt the order.