Global Instrument Cluster Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 2.76 Billion |
 Market Size (Forecast Year) |
USD 4.62 Billion |
 CAGR |
% |
| Major Markets Players |
|
Global Instrument Cluster Market, By Vehicle Type (Passenger Cars, Commercial Vehicles), Electric Vehicle (BEV, PHEV, Other Electric Vehicles), Display (LCD, TFT-LCD, OLED), Display Size (5-8-inch, 9-11 inch, More than 12 inch) – Industry Trends and Forecast to 2030.
Instrument Cluster Market Analysis and Size
The instrument cluster, often referred to simply as a "cluster," is a critical component of a vehicle's dashboard or cockpit. It is a collection of analog or digital instruments and displays that provide essential information to the driver about the status and performance of the vehicle. The instrument cluster typically includes various gauges, indicators, and displays, and its layout may vary depending on the make and model of the vehicle.
Data Bridge Market Research analyses that the global instrument cluster market which was USD 2.76 billion in 2022, is expected to reach USD 4.62 billion by 2030, and is expected to undergo a CAGR of 5.2% during the forecast period of 2023 to 2030. Vehicle type segment is dominated because the use of clutch largely depend on the vehicle type it is to be installed. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Instrument Cluster Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
|
Historic Years |
2021 (Customizable to 2015-2020) |
|
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
|
Segments Covered |
Vehicle Type (Passenger Cars, Commercial Vehicles), Electric Vehicle (BEV, PHEV, Other Electric Vehicles), Display (LCD, TFT-LCD, OLED), Display Size (5-8-inch, 9-11 inch, More than 12 inch) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
|
Market Players Covered |
Bosch (Germany), Continental AG (Germany), Visteon Inc (U.S.), Delphi (U.K.), Denso Corporation (Japan), Nvidia (U.K.), Magneti Marelli (Japan), Nippon Seiki (Japan), Yazaki Corporation (Japan), and Toshiba Corporation (Japan), among others |
|
Market Opportunities |
|
Market Definition
The instrument cluster market refers to the global industry segment involved in the design, manufacturing, distribution, and sales of instrument clusters used in various types of vehicles, including automobiles, trucks, motorcycles, and other forms of transportation. Instrument clusters are essential components of a vehicle's dashboard, providing drivers with critical information about the vehicle's status and performance.
Global Instrument Cluster Market
Drivers
- Digitalization and Connectivity
As vehicles become more connected and integrated with digital technology, there is a growing demand for advanced instrument clusters that can display a wide range of information, including navigation, entertainment, and vehicle status. The integration of smartphones and other smart devices with instrument clusters is driving this trend.
- Advanced Driver Assistance Systems (ADAS)
The increasing adoption of ADAS features such as lane departure warning, adaptive cruise control, and blind-spot monitoring requires more sophisticated instrument clusters to display relevant information to the driver. This drives the demand for higher-resolution displays and more advanced graphics.
- Electric and Hybrid Vehicles
The rise in electric and hybrid vehicles has led to new requirements for instrument clusters. These vehicles often have unique information needs, such as battery status and range estimation, which necessitate specialized displays and interfaces.
Opportunity
- User Experience (UX) Design
As vehicles become more such as mobile devices, consumers expect a user-friendly and aesthetically pleasing interface. This drives the need for instrument clusters with high-resolution displays, intuitive interfaces, and customizable layouts.
Restraints/Challenges
- Cost Constraints
Developing advanced instrument clusters with high-resolution displays and sophisticated features can be expensive. Cost constraints can limit the adoption of these advanced clusters, particularly in price-sensitive markets.
- Complexity
As instrument clusters become more sophisticated with increased connectivity and advanced features, they also become more complex. This complexity can lead to higher manufacturing costs, maintenance challenges, and potential reliability issues.
This global instrument cluster market, report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global instrument cluster market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In November 2021, Robert Bosch GmbH (Bosch) announced its Engineering Centre in Sofia. The Bosch Engineering Centre Sofia is developing technologies for vehicle electrification, connectivity solutions, displays, instrument clusters, and driver monitoring systems
- In January 2021, Continental collaborated with Leia Inc. to develop a new 3D display based on natural 3D Lightfield Technology. This technology saves weight and space, reduces costs, and displays all digital services to all the passengers in a connected car. The innovative system is planned for production by 2022 end.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Instrument Cluster Market Scope
The global instrument cluster market is segmented on the basis of vehicle type, electric vehicle, display and display size. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the Users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Vehicle Type
- Passenger Cars
- Commercial Vehicles
Electric Vehicle
- BEV
- PHEV
- Other Electric Vehicle
Display Type
- LCD
- TT-LCD
- OLED
Display Size
- 5-8-inch
- 9-11 inch
- More than 12 inch
Global Instrument Cluster Market Regional Analysis/Insights
The global instrument cluster market is analysed and market size insights and trends are provided by type electric vehicle, display and display size as referenced above.
The countries covered in the global instrument cluster market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the global instrument cluster market because of its advanced technological infrastructure and high adoption of smart city initiatives, strong presence of major players in the market and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to of rapid urbanization, increasing infrastructure development, and the adoption of advanced technologies in countries such as China, Japan, and India. In addition, the region's expanding automotive and consumer electronics industries contribute to the growing demand for infrared LED lighting solutions. Furthermore, favourable government initiatives and investments in smart city projects further drive the market growth in the Asia-Pacific region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers Used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Instrument Cluster Market Share Analysis
The global instrument cluster market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global instrument cluster market.
Some of the major players operating in the global instrument cluster market are:
- Bosch (Germany)
- Continental AG (Germany)
- Visteon Inc (U.S.)
- Delphi (U.K.)
- Denso Corporation (Japan)
- Nvidia (U.K.)
- Magneti Marelli (Japan)
- Nippon Seiki (Japan)
- Yazaki Corporation (Japan)
- Toshiba Corporation (Japan)
SKU-
Get online access to the report on the World's First Market Intelligence Cloud
- Interactive Data Analysis Dashboard
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
- Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
