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Report updated on 11th September, 2021: Global Automotive Instrument Cluster Market 2021 (Includes Business Impact of COVID-19)Global Automotive Instrument Cluster Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global automotive instrument cluster market report has been segmented on the basis of technology type, display type, vehicle type, and region. Request Covid - 19 Impact The global Automotive Instrument Cluster market size was valued at USD$ 11.09 billion in 2020 and is projected to reach UDS$24.07 billion by 2030 is anticipated to expand at a CAGR of 7.77% over the forecast period from 2020 to 2030.
Global Automotive Instrument Cluster Market: OverviewThe automotive instrument cluster is a set of information or console that includes speedometer, and analog gauge. The automotive instrument cluster has digital speedometers in which green numbers displayed on a dark green or black background.
Global Automotive Instrument Cluster Market: DynamicsRising demand for the advanced technology based instruments i.e. instrument cluster in the automotive industry is expected to boost the growth of the global market over the forecast period. In addition, rising concern towards comfortable and safe driving due to accurate information given by instrument cluster and increasing demand for automotive instrument cluster in luxury vehicles is also anticipated to bolster growth for automotive instrument cluster market over the forecast period. Increasing R&D activities for technologically advanced product development in the automotive instrument cluster is also projected to boost growth of the target market during the forecast period. However, the high cost of the automotive instrument cluster may hamper demand for the automotive instrument cluster and restrain growth of the global market over the forecast period.
Global Automotive Instrument Cluster Market: Segment AnalysisAmong the technology type, the hybrid segment is expected to account for the highest growth in the global automotive instrument cluster market, owing to hybrid technology contains information in both analog and digital technology form. Increasing investments in the development of 3D graphics technology is also expected to propel growth of the hybrid segment over the forecast period. Among the vehicle type, the passenger car segment contributes leading share in the global automotive instrument cluster market, due to the increasing adoption of advanced technology based automotive instrument cluster in luxury passenger car, with the moderate price including various new functionalities such as song selection option, navigation, and video display.
Global Automotive Instrument Cluster Market: Region AnalysisThe market in North America accounted for the highest revenue share in the global market owing to increasing adoption of the new advanced automotive instrument cluster in countries in the region. Europe is also accounting for the second highest share in the global automotive instrument cluster market. The Asia Pacific automotive instrument cluster market is expected to grow at a lucrative rate in terms of revenue and volume in the global market over the forecast period, owing to increasing demand for vehicles and increasing the production of the vehicle in countries such as China, Japan, Korea, and India in the region.
Below are the active patents related to Automotive Instrument Cluster Market.Patent Number: US7556390B2 Illumination change instrument cluster Abstract An instrument cluster assembly includes a dial face having a pointer assembly for indicating a specific measured perimeter. The pointer assembly includes an inner portion and an outer portion that are selectively and independently illuminated. Application File Date: 2007-01-08 Application Granted Date: 2009-07-07 Current Assignee: Continental Automotive Systems Inc Patent Number: US8616607B2 Instrument panel assembly Abstract The instrument panel assembly for an automotive vehicle includes an instrument panel and a component. The instrument panel includes an exterior surface and a cutout portion having a base which is recessed from the exterior surface. The cutout portion includes an inner wall extending between the base and the exterior surface of the instrument panel. The component attaches to the instrument panel. The component includes an engagement portion located at a distal end. The distal end of the engagement portion is at least partially received within the cutout portion of the instrument panel. The engagement of the distal end of the engagement portion of the component within the cutout portion of the instrument panel provides a continuous contact between the outer surface of the engagement portion and the inner wall of the cutout portion. Application File Date: 2012-03-28 Application Granted Date: 2013-12-31 Current Assignee: Toyota Motor Corp Patent Number: EP1932709A1 Method for manufacturing a panel of an instrument cluster for a vehicle and panel obtained by means of such method Abstract A method for manufacturing a panel (1) for an instrument cluster of a vehicle is described, wherein the panel comprises a mask (2) provided with at least one opening (3) for accommodating an instrument, and at least one shaped ring (4) fastenable along the edge of the opening (3), wherein the shaped ring comprises a frame element (7) formed by chromable material and at least one portion (10), carried by the frame element (7), which comprises a non-chromable or partially chromable surface, and being adapted to be welded onto the mask (2), the method being characterised in that it comprises the steps of: making the mask (2), making the frame element (7), making the portion (10) and associating it to the frame element (7) thus making the shaped ring (4), subjecting the shaped ring (4) to a chrome-plating process and welding the shaped ring (4) onto the mask (2) of the panel (1) making the fusion (10) of the portion (10). Application File Date: 2006-12-12 Application Granted Date: 2009-06-24 Current Assignee: Marelli Europe SpA
Global Automotive Instrument Cluster Market Segmentation:Segmentation by Technology Type:
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Automotive Instrument Cluster Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...