A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Instrument Cluster - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 759
Companies: 46 - Players covered include Alpine Electronics, Inc.; Aptiv PLC; Calsonic Kansei Corporation; Continental AG; Cypress Semiconductor Corporation; Denso Corporation; Dongfeng Electronic Technology Co., Ltd.; JPM Automobiles Ltd.; Luxoft; Magneti Marelli SpA; Mini Meters Manufacturing Co. Pvt. Ltd.; Nippon Seiki Co Ltd; NVIDIA Corporation; Panasonic Automotive Systems Europe GmbH; Parker Hannifin Corporation; Pricol Ltd.; Robert Bosch GmbH; Stoneridge, Inc.; Visteon Corporation; Yazaki Corporation and Others.
Coverage: All major geographies and key segments
Segments: Application (Speedometer, Odometer, Tachometer, Other Applications); Vehicle Type (Passenger Car, Commercial, Two-wheeler, Agriculture, Off-highway)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Instrument Cluster Market to Reach $10.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Instrument Cluster estimated at US$9 Billion in the year 2020, is projected to reach a revised size of US$10.3 Billion by 2026, growing at a CAGR of 2.2% over the analysis period. Speedometer, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach US$3.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Odometer segment is readjusted to a revised 2.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.5 Billion in 2021, While China is Forecast to Reach $2 Billion by 2026
The Instrument Cluster market in the U.S. is estimated at US$2.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2026 trailing a CAGR of 4.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.4% and 1.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.
Tachometer Segment to Reach US$2.4 Billion by the year 2026
In the global Tachometer segment, USA, Canada, Japan, China and Europe will drive the 1.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among...
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