What is Instrument Panel Market Scope?
The growing demand in the automobile sector will help to boost the global Instrument Panel market in the forecasted period. In a car or an airplane, or in any equipment that functions automatically, the instrument panel, often known as the dashboard, is the control panel that holds numerous instruments. It assists in the monitoring and control of a variety of activities, including speed detection, amount of fuel left in a car, altitude measurement, navigation guidance for a plane, product fault detection and batch removal, measurement and regulation of temperature inside a furnace by a set of predefined programs, and others. The speedometer, fuel gauge, odometer, door lamp, seatbelt lamp, and other gauges that may be viewed when seated in a car or airplane are all etched on the instrument panel. Due to the increased number of vehicles produced globally, the demand for innovative instrument panels used in various applications such as automotive, aerospace and defense, marine, industrial, and others is driving the growth of this market.
The Instrument Panel market study is being classified by Type (Speedometer, Odometer, Tachometer and Others), by Application (Automobile [Passengerís cars, Commercial Vehicle, Electric Vehicle], Aerospace & Defense, Marine, Industrial and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Instrument Panel market throughout the predicted period.
Calsonic Kansei Corporation (Japan), Dongfeng Electronic Technology (China), Faurecia (France), IAC Group LLC (Luxembourg), Johnson Controls International Plc (Ireland), Leon Plastics (United States), Reydel Automotive SAS (France), Toyoda Machinery (United States), Visteon Corporation (United States) and Yanfeng Automotive Interiors (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Grupo Antolin (Spain), Magneti Marelli (Italy), Trinseo Europe GmbH (Switzerland), DENSO Corporation (Japan) and Robert Bosch GmbH (Germany).
Analyst at AMA have segmented the market study of Global Instrument Panel market by Type, Application and Region.
On the basis of geography, the market of Instrument Panel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
On 26th Feb 2019, Faurecia, one of the worldís leading automotive technology companies, and Japan Display Inc. (JDI), a leader in automotive displays, has announced a partnership to enhance the digital user experience in vehicles.
Implementation of Interior Fitting Regulation (ECE R21) in India: Common Failures and Countermeasures in Instrument Panel Development. Head form impact tests are carried out on the instrument panels as part of meeting the requirements of the interior fitting regulation ECE R21. India adopted the ECE R21 regulation and interior fitting impact tests became mandatory in April 2005 for models manufactured from April 2005 and April 2006 for models being manufactured before April 2005. Energy dissipation testing of the vehicleís interior fitments is done at various selected and defined locations. With the implementation of interior fitting regulation in India, it is mandatory that every manufacturer tests and certifies their product to comply with the energy dissipation standards as defined in the regulation ECE R21.
Influencing Market Trend
- The Upsurging Demand from the Aerospace & Defense Industry
- Increasing Inclination towards the Digital Solutions
- High Demand for the high-performance vehicles
- The Rise in Demand for the Automobiles across the Globe
- The Growing disposable income of the population globally
- The Growing Popularity of Sporty and Attractive Instrument Panel
- High Demand from the Developed and Developing Countries
- Rapid Growth in the Demand for Electrical Vehicles
- The Concern is Related to restrictions on the type of materials used
- The changing demand that the instrument panel should not injure the occupant in case of collision
- The High Demand for the Huge Investments in R&D
- High Cost of the Digital Cluster
Key Target Audience
Instrument Panel Manufacturer, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):1. At what growth rate would the Instrument Panel market expands?
The Global Instrument Panel market is expected to see a growth of % during projected year 2021 to 2027.
2. Who are the prominent players of the Global Instrument Panel market?
The prominent players of Global Instrument Panel market are Calsonic Kansei Corporation (Japan), Dongfeng Electronic Technology (China), Faurecia (France), IAC Group LLC (Luxembourg), Johnson Controls International Plc (Ireland), Leon Plastics (United States), Reydel Automotive SAS (France), Toyoda Machinery (United States), Visteon Corporation (United States) and Yanfeng Automotive Interiors (China), to view complete player list click here
3. What are the top priorities to focus for Instrument Panel markets growth?
In this highly competitive & fast evolving Instrument Panel industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.