Automotive Instrumentation Market Trends, Sector Overview and Forecast to 2028
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Automotive Instrumentation Market Report Overview
The global instrumentation market was at 273.1 million units in 2023. The market will grow at a CAGR of more than 1% during 2023-2028. Increasing emphasis on safety and driver assistance features is driving innovation in automotive instrumentation. The Asia-Pacific region was the leading revenue generator for the automotive instrumentation market in 2023.
Automotive Instrumentation Market Outlook, 2023-2028 (Million Units)
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The automotive instrumentation market research report provides a comprehensive overview of the automotive instrumentation market trends and drivers. The automotive instrumentation market report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, evaluate strategic initiatives by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings across, regions, countries, and top applicants.
Market Size (2023) | 273.1 million units |
CAGR (2023-2028) | >1% |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | Visteon, Continental, Denso, Nippon Seiki, and Yazaki |
Key Sectors | Instrument Clusters, Instrument Panels, and Outsourced Cockpits |
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Automotive Instrumentation Market Segmentation by Regions
In 2023, Asia-Pacific accounted for the highest share among all the regions
The key regions in the automotive cockpit and instrumentation market are Asia-Pacific, Europe, North America, South America, and MEA. Air quality sensors are increasingly being used in digital cockpit systems throughout Asia, and this trend is a significant factor driving growth in the cockpit and instrumentation market in the region.
Automotive Instrumentation Market Analysis by Regions, 2023 (%)
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Automotive Instrumentation Market - Competitive Landscape
Visteon Corporation accounted for the highest market share in 2022
A few of the top companies operating in the market are:
- Visteon
- Continental
- Denso
- Nippon Seiki
- Yazaki
Visteon introduced an image processing algorithm that preserves and improves the cockpit display image quality.
Moreover, the company is taking strategic actions to aid the growth of the Automotive Instrumentation market. In January 2023, Visteon and Qualcomm Technologies, Inc. announced that the companies intend to take their technology collaboration one step further with the development of a high-performance cockpit domain controller designed to enable global automakers to build next-generation cockpits.
Moreover, the company is taking strategic actions to aid the growth of the Automotive Instrumentation market. The company’s driver information systems product group includes instrument clusters and displays to assist driving.
Automotive Instrumentation Market Analysis by Companies, 2022 (%)
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Automotive Instrumentation Market Segmentation by Sectors
The key sectors in the Automotive Instrumentation market are instrument clusters, instrument panels, and outsourced cockpits. Each of these sectors held an equal share of the market as of 2023.
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Automotive Instrumentation Market – Latest Developments
A few of the latest developments in the Automotive Instrumentation market are as follows:
- In 2024, The British IT company CloudMade’s patents and intellectual property have been acquired by Stellantis. According to the automaker, the asset purchase will help with the mid-term development of its virtual platform, STLA SmartCockpit, which connects drivers and cars digitally.
- In 2023, Samsung Electronic subsidiary Harman announced a multi-year partnership with Ferrari focused on delivering digital cockpit development across Ferrari’s vehicle lines.
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Segments Covered in this Report
Automotive Instrumentation Sector Outlook (Value, Million Units, 2018-2028)
- Instrument Clusters
- Instrument Panels
- Outsourced Cockpits
Automotive Instrumentation Regional Outlook (Value, Million Units, 2018-2028
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
This report brings together multiple data sources to provide a comprehensive overview of the global instrumentation sector. It includes an analysis of the following:
- Trends & Drivers: Provides an overview of the current sector scenario regarding the outlook in terms of key trends and drivers of the sector.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018–2028, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, MEA, North America, and South America -highlighting sector size, and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the companies’ recent product innovations and key strategic initiatives.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail.
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
Continental
Denso
Bosch
Marelli.
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Frequently asked questions
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What was the automotive instrumentation market size in 2023?
The automotive instrumentation market size was 273.1 million units in 2023.
-
What will the automotive instrumentation market growth rate be during the forecast period?
The automotive instrumentation market is expected to record a CAGR of more than 1% during 2023-2028.
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Which was the leading region in the automotive instrumentation market in 2023?
Asia-Pacific was the leading revenue generator in the automotive instrumentation market in 2023.
-
Which are the key companies operating in the automotive instrumentation market?
The top companies operating in the automotive instrumentation market are Visteon, Continental, Denso, Nippon Seiki, and Yazaki.
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