Instrument Cluster Market Dynamics, Company Overview & Growth Prospects by 2017

Global Instrument Cluster Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types, and its applications are increasing across the globe. Instrument cluster is a standard equipment of a car. Modern automotive instrument clusters are more complex with addition of speedometer, odometer, tachometer, and fuel gauge. They may feature gauges and tell-tales such as turn indicators, seat belt warning light, an engine-malfunction light, gearshift position, and parking-brake-engagement warning light. These Instrument clusters have become the primary product differentiator for the automotive original equipment manufacturers (OEMs).

Instrument Cluster Market is categorized based on product type, applications, and geography. Instrument Cluster Market is categorized based on product types such as Mechanical, Microelectronic. Instrument Cluster Market is categorized based on application into Economic Passenger Cars, Luxury Passenger Cars, Mid-priced Passenger Cars, Others

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Instrument Cluster Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe). North America has been at the forefront with regards to industry and will continue to rule the roost in the years to come.

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Some of the key players that fuel the growth of the Instrument Cluster Market include Nippon Seiki, Clarion, Continental AG, Alpine Electronics, Visteon Corporation, Yazaki Corporation, Delphi Automotive PLC, Magneti Marelli S.p.A., Pioneer Corporation, Denso Corporation, Garmin International, Robert Bosch GmBH, Harman International, Panasonic Corporation, TomTom International BV. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.