Instrument Clusters To Command $10.72 Billion By 2023

The busy folks at MarketsandMarkets have cranked out a research report titled "Instrument Cluster Market by Application (Speedometer, Odometer, Tachometer, and Others), Vehicle Type (Passenger Car, Commercial, Two-wheeler, Agriculture, Off-highway), Technology (Analog, Hybrid, Digital), and Geography - Global Forecast to 2023." As per said report, the instrument cluster market is estimated to be worth $9.02 Billion now and is expected to reach $10.72 Billion by 2023, at a CAGR of 3.5% between 2018 and 2023. Increasing vehicle production worldwide and stringent government regulations for vehicle and passenger safety across the globe are the major drivers for the growth of the instrument cluster market.

 

Report Findings 

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New VNA technologies enable mmWave broadband testing to 220 GHz, helping researchers and engineers to overcome test challenges and simplify mmWave testing.

Application development in the mmWave frequencies is growing. Broadband testing over hundreds of GHz of bandwidth is subject to repeatability/accuracy deficits, and engineers demand solutions to help overcome challenges and simplify mmWave testing.
  • Hybrid instrument cluster expected to hold a major share during the forecast period
  • Two-wheeler expected to grow at a high CAGR between 2018 and 2023
  • APAC expected to hold a major share of instrument cluster market between 2018 and 2023
  • Major players profiled in the instrument cluster market report are Continental (Germany), DENSO (Japan), Visteon (US), Nippon Seiki (Japan), Magneti Marelli (Italy), Aptiv (UK), Calsonic Kansei (Japan), Pricol (India), Robert Bosch (Germany), and Yazaki (Japan). The report also includes profiles of companies such as Alpine Electronics (Japan), Cypress Semiconductor (US), Dongfeng Electronic Technology (China), JP Minda (India), Luxoft (Switzerland), Mini Meters Manufacturing (India), NVIDIA (US), Panasonic Automotive (Germany), Parker Hannifin (US), and Stoneridge (US). 

If instrument clusters are your passion and you yearn for further market revelations, feel free to browse the report’s 67 tables and 57 figures spread through 143 pages and in-depth table of contents.

 

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