Published Date : Nov 21, 2016
ALBANY, NY, Nov 21, 2016: The report, titled “Global Automotive Reconfigurable Instrument Cluster Market 2016-2020” is a comprehensive study of the market’s current scenario. It is based on an in-depth reports of several factors that are projected to favor or hinder the future of the market. The analysts state that, the market will progress at a CAGR of 19.13% during the forecast period of 2016–2020.
The report observes that original equipment manufacturers (OEMs) in the automotive industry are aggressively modifying the instrument cluster to enhance user experience, offering as much information as possible and at the same time, improving the aesthetics of the vehicle. Electronic instrument clusters have been in the market for several decades but recent advancements have led to several innovative versions that add value to the customer experience. The preference for digital systems has enabled reconfiguration of instrument clusters in several vehicles and the same is anticipated to be an emerging trend in the global market.OEMs have now expanded their scope by catering to a wide range of vehicles.
According to the report, the primary factor driving the global automotive reconfigurable instrument cluster market is the ability of these instruments to be flexible and customizable so that they can be integrated as per demand. With significant chunk of medium-to-low-end vehicles adopting reconfigurable instrument clusters, the market is expected to expand at a healthy rate during the forecast period. However, the report notes that low volumes of automotive reconfigurable instrument cluster and pressures of high cost faced by OEMs are the primary restraints for the growth of the market. A trend that has been observed by the report in the global market for automotive reconfigurable instrument cluster market is the upgrade to higher SAE automation levels.
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By type, the global market for automotive reconfigurable instrument cluster is segmented into partially automotive and fully automotive. Geographically, the report divides it into the regional markets of Europe, North America, and Rest of the World.
Market revenue in terms of US$ mn for 2015 along with the compound annual growth rate (CAGR %) from 2016 to 2020 are provided for all the segments has been provided in the report. Market size estimations involved in-depth study of product features. Moreover, marketrelated factors such as increasing preference for technologically advanced vehicles, product innovation, and rising disposable income of end-users have been evaluated. Historical year-on-year growth have been considered while estimating the market size.
Some of the prominent companies in global market for automotive reconfigurable instrument cluster that have been profiled in this report include Bosch, Denso, Visteon and Continental. Some of the other key players in the this market are QNX, Delphi, Innolux, Luxoft, Nippon Seiki, Japan Display, Rightware, SharpAlpine Electronics, and Mitsubishi Electric.
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