Global Electric Bus Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Electric Bus 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.
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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, and is anticipated to expand at a CAGR of 7.77% over the forecast period from 2020 to 2030.


Global Automotive Instrument Cluster Market: Overview


The 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: Dynamics


Rising 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 Analysis


Among 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 Analysis


The 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:

  
Analog
  
Digital
  
Hybrid

Segmentation by Display Type:

  
LCD
  
TFT-LCD
  
OLED

Segmentation by Vehicle Type:

  
passenger Car
  
commercial Vehicle


Key Market Players included in the report:


  
Alpine Electronics (Japan)
  
Bosch (Germany)
  
Calsonic Kansei Corporation
  
Continental AG (Germany)
  
Delphi Automotive LLP
  
DENSO Corporation
  
HARMAN International
  
IAC Group
  
Innolux Corporation
  
Japan Display Inc. (Japan) and Innolux (Taiwan).
  
Kyocera International
  
Luxoft.
  
Magneti Marelli S.p.A.
  
Mentor Graphics (U.S)
  
Mitsubishi Electric
  
MTA S.p.A.
  
Nippon Seiki Co.
  
NVIDIA Corporation
  
Pricol Ltd.
  
Qualcomm (U.S)
  
Robert Bosch GmbH
  
Simco Ltd.
  
Stoneridge Inc.
  
Visteon Corporation
  
YAZAKI Corporation


Below are the key development related to Automotive Instrument Cluster Market in 2020 and 2021.


December 2020: Lion Electric Announces Successful Electric School Bus Vehicle-to-Grid Deployment with Con Edison in New York. Leading Medium and Heavy-Duty Electric Vehicle Manufacturer Showcases Bidirectional Charging Technology in New Video. Northern Genesis Acquisition Corp. (NYSE: NGA) announces that its proposed business combination partner, Lion Electric (Lion), has been successful in using its electric school buses to supply electricity back to Con Edison utility customers, as part of the company’s vehicle-to-grid (V2G) pilot deployment in White Plains, New York. Lion is an innovative manufacturer of purpose-built all-electric medium and heavy-duty urban vehicles. Source

November 2020: The Lion Electric Company and Northern Genesis Acquisition Corp. Announce Merger and Commitments for $200 Million in a PIPE; Combined Company Expected to be Listed on NYSE. The Lion Electric Company, a leading designer, manufacturer and distributor of all-electric medium and heavy-duty urban vehicles, announced it intends to combine with Northern Genesis Acquisition Corp. (NYSE: NGA), a publicly traded special purpose acquisition company focused on a commitment to sustainability and strong alignment with environmental, social and governance principles. Source

November 2020: managed by BlackRock. Arrival will have about $660 million in cash proceeds. Arrival has gone from stealthy electric vehicle startup to prospective public company in a span of a year. The UK-based company, which operated in relative secrecy for several years until January when it announced a $110 million investment from Hyundai and Kia, said Wednesday it has agreed to merge with special purpose acquisition company CIIG Merger Corp. Arrival was already considered one of the UK’s most valuable startups before Wednesday’s SPAC merger announcement. This deal, which when completed will make Arrival a publicly traded company listed on the Nasdaq exchange, will push its valuation up to $5.4 billion. Arrival said it raised $400 million in private investment in public equity, or PIPE, from investors that included Fidelity Management & Research Company, Wellington Management, BNP Paribas Asset Management Energy Transition Fund and funds managed by BlackRock. Arrival will have about $660 million in cash proceeds. Source