MRC Announces the Publication of its Research Report – Global Automotive Instrument Cluster Platform Market 2017-2021
MRC recognizes the following companies as the key players in the global automotive instrument cluster platform market: BlackBerry (QNX), Continental, Green Hills Software, HARMAN International, and Mentor, a Siemens Business
Other Prominent Vendors in the market are: CrossControl, Cypress Semiconductor, Luxoft, and Yazaki Corporation.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Development of software platform that facilitates development of virtual instrument clusters. Digital instrument cluster market is the third fastest-growing markets in automotive electronics. The development of sophisticated 2D and 3D graphics instrument cluster is becoming instrumental in the growing adoption of these instrument clusters across the world. The zeal to continuously develop innovative products by prominent vendors in the market is the prime driver for the success of the digital instrument cluster in the automotive market.”
According to the report, one of the major drivers for this market is Growing adoption of reconfigurable instrument cluster globally. The global automotive reconfigurable instrument cluster market is likely to be driven by developed regions, such as North America and Europe. These regions are likely to witness increased stock fit offerings of the partially reconfigurable instrument cluster in addition to the fully reconfigurable instrument cluster, which targets premium vehicles. As the cost of the partially automotive reconfigurable instrument cluster is significantly lower when compared with fully digital instrument clusters, it contributes to the majority of the market (in terms of unit shipments).
Get sample copy of this report @ https://marketreportscenter.com/request-sample/565058MRC recognizes the following companies as the key players in the global automotive instrument cluster platform market: BlackBerry (QNX), Continental, Green Hills Software, HARMAN International, and Mentor, a Siemens Business
Other Prominent Vendors in the market are: CrossControl, Cypress Semiconductor, Luxoft, and Yazaki Corporation.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Development of software platform that facilitates development of virtual instrument clusters. Digital instrument cluster market is the third fastest-growing markets in automotive electronics. The development of sophisticated 2D and 3D graphics instrument cluster is becoming instrumental in the growing adoption of these instrument clusters across the world. The zeal to continuously develop innovative products by prominent vendors in the market is the prime driver for the success of the digital instrument cluster in the automotive market.”
According to the report, one of the major drivers for this market is Growing adoption of reconfigurable instrument cluster globally. The global automotive reconfigurable instrument cluster market is likely to be driven by developed regions, such as North America and Europe. These regions are likely to witness increased stock fit offerings of the partially reconfigurable instrument cluster in addition to the fully reconfigurable instrument cluster, which targets premium vehicles. As the cost of the partially automotive reconfigurable instrument cluster is significantly lower when compared with fully digital instrument clusters, it contributes to the majority of the market (in terms of unit shipments).
Further, the report states that one of the major factors hindering the growth of this market is High-cost pressure faced by OEMs due to non-attainment of economies of scale in digital instrument cluster. The addition of fully digital instrument clusters is bound to escalate the existing cost of the vehicle. Hence, automotive OEMs face humongous cost pressures due to dynamic regulations that impose the inclusion of several components within a vehicle. Factors like stringent emission norms, the need for heavy investments in R&D programs, market competition, and evolving customer demands add to the rising cost pressures. As per the NHTSA, a new rule imposed in 2014 requires all light vehicles (including cars, SUVs, trucks, and vans) to have a backup camera by 2018. The rule holds good for May 1, 2016, models, and manufacturers must achieve 100% compliance by May 1, 2018. Such developments are likely to increase vehicle costs due to the competitive market as OEMs have to bear the costs and not pass these on to end-customers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Check Discount on Report @ https://marketreportscenter.com/request-discount/565058The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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