Automotive Instrument Cluster Market Segmentation:
Type Segment Analysis
The global automotive instrument cluster market is segmented and analyzed for demand and supply by type segment into analog, digital, and hybrid. Amongst these segments, the hybrid segment is anticipated to garner the largest revenue by the end of 2035, backed by the growing demand for instrument clusters along with the surge in the sale of hybrid clusters, followed by the increasing sale of hybrid vehicles worldwide. For instance, as per the data estimated, more than 5 million hybrid electric cars were sold in the United States through December 2020. Under hybrid cluster, a digital display system that comprises of automotive smart display including LCD screen that provides information related to the traffic data, temperature, and others in the form of numbers. Moreover, the analog system in the hybrid cluster consists of an odometer, and a speedometer that display the information through the deflection of a pointer on a scale. Therefore, it is projected to surge the segment’s growth in the market.
Vehicle Type Segment Analysis
The global automotive instrument cluster market is also segmented and analyzed for demand and supply by vehicle type into commercial vehicles, and passenger vehicles. Out of these, the passenger car is expected to hold the largest share over the forecast period. The surging sale of passenger cars across the globe, and the increasing urban population, followed by the improving standard of living, are expected to boost the growth of the passenger vehicles segment in the market. Furthermore, the rising population percentage is further expected to increase the segment’s growth in the market. In January 2023, more than 300,000 passenger cars were sold in India as per the reported data.
Our in-depth analysis of the global market includes the following segments:
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By Vehicle Type |
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