Industry Background:
The automotive indicating instrument provides measurements for display. Increasing adoption of automotive indicating instruments owing to multiple uses drives the market growth. The growing use of electrical instrumentation because of the great speed of action and the convenience of application of the electric current.This growth is primarily driven by Growing Demand for Infotainment Systems in the Vehicles and Increasing Adoption of Multi-Layer Display Technology Owing to Its 3D Graphics Experience.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Visteon (United States), Texas Instruments (United States), VDO (Germany), Tata Motors (India), Continental AG (Germany), Ford Motor Company (United States), Robert Bosch (Germany), Aptiv (Ireland), Magneti Marelli (Italy) and Denso (Japan) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Advancements in sensor technology, machine vision, and software developments to provide driver assistance systems. Major Manufacturers, such as Visteon (United States), Texas Instruments (United States), VDO (Germany), Tata Motors (India), Continental AG (Germany), Ford Motor Company (United States), Robert Bosch (Germany), Aptiv (Ireland), Magneti Marelli (Italy) and Denso (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 30 June 2021, Texas Instruments announced the acquisition of Micron Technology's 300-mm semiconductor factory. The acquisition strengthens Texas’s competitive advantage in manufacturing and technology and is part of its long-term capacity planning.
In 2019, Visteon has introduced the industry’s first fully digital cluster displaying holographic objects on the all-new PEUGEOT 208. Part of PEUGEOT’s unique 3D i-Cockpit, the instrument cluster represents the first real 3D cluster in automotive production.
Market Drivers
- Growing Demand for Infotainment Systems in the Vehicles
- Increasing Adoption of Multi-Layer Display Technology Owing to Its 3D Graphics Experience
Market Trend
- Advancements in sensor technology, machine vision, and software developments to provide driver assistance systems
Restraints
- Implementation of Advanced Technology Leads To Increase in Costs
Opportunities
Rising Demand For Luxurious Features in Automotive and Increasing Demand for Passenger Cars in Developing Countries
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Indicating Instrument Study Sheds Light on
The Automotive Indicating Instrument Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Automotive Indicating Instrument industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Indicating Instrument industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):
1. What are the years considered in the Automotive Indicating Instrument Market?Historical year: 2017-2021; Base year: 2021; Forecast period: 2022 to 2027
2. Who are the key players profiled in the Automotive Indicating Instrument Market?Companies that are profiled in Global Automotive Indicating Instrument Market are Visteon (United States), Texas Instruments (United States), VDO (Germany), Tata Motors (India), Continental AG (Germany), Ford Motor Company (United States), Robert Bosch (Germany), Aptiv (Ireland), Magneti Marelli (Italy) and Denso (Japan) etc.