Skip to main content

Global Automotive Instrument Cluster Platform Market - US is a Major Revenue Contributor | Technavio

The global automotive instrument cluster platform market is expected to grow at a CAGR close to 11% from 2017-2021, according to a new market research report by Technavio.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171216005015/en/

Technavio has published a new market research report on the global automotive instrument cluster pla ...

Technavio has published a new market research report on the global automotive instrument cluster platform market 2017-2021 under their automotive library. (Graphic: Business Wire)

Global automotive instrument cluster platform market segmentation by instrument type cluster and geography

Technavio’s report on the global automotive instrument cluster platform market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by instrument type cluster, including hybrid instrument cluster and fully digital instrument cluster. As projected in 2016, approximately 80% of the market share originated from the fully digital instrument cluster.

Based on geography, the global automotive instrument cluster platform market has been segmented into Europe, North America, and ROW. As of 2016, approximately 42% of the market share came from North America. Corporate Average Fuel Economy (CAFE) and NCAP implied regulations are the crucial reasons driving the market for advanced in-vehicle systems like digital instrument clusters that can contribute to safer driving.

“In 2016, the US was the major contributor to the automotive instrument cluster platform market in North America. The country is witnessing rising demand owing to increased number of baby boomers and increased sales of luxury cars. Additionally, the US's drive toward autonomous vehicles is likely to boost the adoption of fully digital instrument clusters. It is also the first country to introduce a legislation that permits the testing of automated vehicles. This portrays the significant potential for advanced technologies for enabling automated driving and the regions' readiness to upgrade to higher automation levels.” says Keerthi Balu, a lead analyst at Technavio for automotive electronics research.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Automotive instrument cluster platform market: competitive vendor landscape

The global automotive instrument cluster platform market is driven by expertise in the software platform and currently, the market has the presence of a few prominent software vendors in the automotive market. However, the market is witnessing the introduction of new players owing to rising demand for the digital instrument cluster technologies across the world. Expertise in the software development is a factor that proves to be crucial for the vendors to easily enter the market and leverage the good potential for revenue growth. Hence, the competition is expected to intensify further during the forecast period.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Other topics covered in the report:

Market drivers:

  • Growing adoption of reconfigurable instrument cluster globally
  • Reconfigurable ability in instrument cluster gives flexibility in designing

Market challenges:

  • Growing popularity of digital cockpits in passenger cars
  • Prioritization of content is a challenge for the instrument cluster stakeholders

Market trends:

  • Development of software platform that facilitates development of virtual instrument clusters
  • Advent of warm perfusion automotive instrument cluster platform systems

Get a sample copy of the global automotive instrument cluster platform market report free of cost

Access Technavio’s continuously growing automotive electronics research library and find expert analysis on hundreds of markets.

About Technavio

Technaviois a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts:

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.