Pune, India -- (SBWIRE) -- 04/26/2018 -- The Global Instrument Cluster Market is expected to reach USD 6.8 billion by 2025, from USD 1.59 billion in 2017, growing at a CAGR of 20.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.

Global Instrument Cluster Market by Display Type (Liquid Crystal Display (LCD), Thin Film Transistor-Liquid Crystal Display, Organic Light Emitting Diode), By Vehicle Type (Passenger Car, Commercial Vehicle), By Embedded Technology (AI Based: Digital Instrument Cluster, Non-AI-Based: Digital Instrument Cluster), By Electric Vehicle, By Display Size, By Geography– Industry Trends and Forecast to 2025

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Market Definition:

This market report defines the market trends and forecast the upcoming opportunities and threats of the instrument cluster market in the next 8 years. Electronic instrument cluster is a set of equipment with speedometer that has display screen rather than analog gauges. It is also known as digital speedometer. It contains various gauges and indicators which help driver to learn imperative information on the current status of the automobile. Excess of information will lead to hazardous problem. Gauges provide information for speed, heat, fuel and distance. Indicator & lights provide warnings and updates. Various advancements have taken place in this field, for instance Freescale semiconductor, launched a triple-core, single-chip solution, which gives 1.7x higher performance than any other available automotive instrument cluster. The company assured that instrument cluster will eliminate additional cost of processors and memory chips.  The global automotive supplier Visteon Corporation, in 2012 launched electronic instrument cluster for Honda's new scooter.

Competitive Analysis: 

The Global Instrument Cluster Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of instrument cluster market for global, Europe, North America, Asia pacific and South America.

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Market Segmentation: 

The global instrument cluster market is segmented into display, display size, vehicle, embedded technology, and electric vehicle.

Based on display:- Liquid crystal display (LCD), thin film transistor-liquid crystal display (TFT-LCD), organic light emitting diode (OLED).

On the basis of vehicle:- Passenger car, commercial vehicle.

On the basis of display size:- cluster market is classified into 5–8 inch, 9–11 inch, >12 inch.

On the basis of embedded technology:- The global instrument cluster market is segmented into (AI based: digital instrument cluster, non-AI-based: digital instrument cluster.

On the basis of electric vehicle:- the global instrument cluster market is segmented into battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), plug-in hybrid electric vehicle (PHEV) and hybrid electric vehicle (HEV).

Based on geography:- The global  instrument cluster market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-pacific and, middle east & Africa.

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Major Market Drivers and Restraints:


- Business agility and focus

- Rising environmental concerns

- Increased need for customer management

- Protection of intellectual property rights (IPR)

- Concern over regulatory compliances


Major Market Competitors


- Oracle,

- Google, Inc.,

- IBM Corporation,

- Microsoft Corporation,

- DXC Technology Company,

- Amazon Web Services, Inc.,

- SAP SE,

- Salesforce,

- Huawei Technologies Co., Ltd,

- Capgemini


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