Scope of the Study
The automotive instrument is the collection of components or systems that are used to measure, monitor and control the process in the vehicle. In modern vehicles, software-controlled electronics plays an important role in the functioning of the vehicle's subsystems. There are around 8 to 10 intelligent electronic modules in a medium-sophistication vehicle that are performing functions such as engine control, transmission, brakes, steering, navigation, HVAC, safety, security, audio, driver information, and others. As compare to analog instruments, electric and digital instrument are present in the vehicles. Vehicles are now manufactured to deliver information and diagnostics, such as low tire pressure, check engine, door ajar, fuel pump pressure, outside ambient temperature, brake fluid level, and more. The major changes to instrumentation are solid-state sensors, microprocessors, and solid-state display devices. These sensors are designed to transform a non-electrical signal to an equivalent current or voltage.
The market study is being classified by Type (Automobile Evaluation Instruments, Analytical and Testing Instruments, Gas Analyzers, High-Speed Impact Tester, Thermal Fatigue Testing System, Electrical Component Tester, Micro Hardness Testers and Others), by Application (Passenger Car and Commercial Vehicle (LCVs, HCVs)) and major geographies with country level break-up.
Continental AG (Germany), DENSO (Japan), Visteon (United States), Nippon Seiki (Japan), Delphi Technologies (United Kingdom), BOSCH (Germany), Fujitsu (Japan), JVCKENWOOD (Japan), Sony (Japan), Panasonic (Japan), Luxoft (Switzerland), Mitsubishi Electric (Japan) and Alpine electronics, Inc. (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Japanese Vendors will contribute to the maximum growth of Global Automotive Instrument market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Automotive Instrument market by Type, Application and Region.
On the basis of geography, the market of Automotive Instrument 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Infotainment System in the Vehicles
- Increasing Adoption of Multi-Layer Display Technology Owing to Its 3D Graphics Experience
- Advancements in sensor technology, machine vision and software developments to provide driver assistance systems
- Implementation of Advanced Technology Leads To Increase in Costs
- Rising Demand For Luxurious Features in Automotive
- Increasing Demand of Passenger Cars in Developing Countries
Market Leaders and their expansionary development strategies
On December 17, 2019 - DENSO Corporation announced that it has taken a stake in PiNTeam Holding GmbH, a German company highly evaluated for its in-vehicle embedded software technology deployed primarily in Europe. With this equity stake, DENSO will accelerate the development of basic software that controls in-vehicle electronic control units (ECUs).
On January 8, 2020 - Visteon collaborates with Tencent to launch SmartCore domain controller on new Aion LX electric vehicle platform from GAC.
Key Target AudienceManufacturers of Automotive Instrument, Suppliers of Automotive Instrument, Wholesalers, Distributors and Retailers of Automotive Instrument, Automotive Industry and Potential Technology Investors
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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