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Automotive Digital Instrument Cluster Market - Roadmap for Recovery From COVID-19 | Development of Superior Graphic Display to Boost the Market Growth | Technavio

·6-min read

Technavio has been monitoring the automotive digital instrument cluster market and it is poised to grow by USD 1.76 billion during 2020-2024, progressing at a CAGR of almost 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201019005936/en/

Technavio has announced its latest market research report titled Global Automotive Digital Instrument Cluster Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?

  • The luxury vehicles are expected to be the leading segment in the global market during the forecast period.

  • At what rate is the market projected to grow?

  • Growing at a CAGR of almost 17%, the incremental growth of the market is anticipated to be USD 1.76 billion.

  • Who are the top players in the market?

  • Aptiv Plc, Continental AG, DENSO Corp., International Automotive Components Group SA, Marelli Holdings Co. Ltd., Nippon Seiki Co. Ltd., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Visteon Corp. are some of the major market participants.

  • What are the key market drivers and challenges?

  • Development of superior graphic display is one of the major factors driving the market. However, the sharp decline in automobile production and sales restraints the market growth.

  • How big is the North America market?

  • The North America region will contribute 38% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aptiv Plc, Continental AG, DENSO Corp., International Automotive Components Group SA, Marelli Holdings Co. Ltd., Nippon Seiki Co. Ltd., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Visteon Corp. are some of the major market participants. The development of superior graphic display will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Digital Instrument Cluster Market 2020-2024: Segmentation

Automotive Digital Instrument Cluster Market is segmented as below:

  • Application

    • Luxury Vehicles

    • Mid-segment Vehicles

  • Geography

    • Europe

    • North America

    • APAC

    • South America

    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45176

Automotive Digital Instrument Cluster Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive digital instrument cluster market report covers the following areas:

  • Automotive Digital Instrument Cluster Market Size

  • Automotive Digital Instrument Cluster Market Trends

  • Automotive Digital Instrument Cluster Market Analysis

This study identifies the development of RTOS and the scalable foundation for a range of instrument cluster products as the prime reasons driving the automotive digital instrument cluster market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Digital Instrument Cluster Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist automotive digital instrument cluster market growth during the next five years

  • Estimation of the automotive digital instrument cluster market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the automotive digital instrument cluster market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of automotive digital instrument cluster market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Application

  • Market segments

  • Comparison by Application

  • Luxury vehicles - Market size and forecast 2019-2024

  • Mid-segment vehicles - Market size and forecast 2019-2024

  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Aptiv Plc

  • Continental AG

  • DENSO Corp.

  • International Automotive Components Group SA

  • Marelli Holdings Co. Ltd.

  • Nippon Seiki Co. Ltd.

  • Panasonic Corp.

  • Robert Bosch GmbH

  • Samsung Electronics Co. Ltd.

  • Visteon Corp.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is 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 17,000 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201019005936/en/

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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