The volume of the advanced instrument cluster market is projected to increase steadily from an estimated 51.8 million units in 2024 to 55.2 million units in APAC by 2029, according to leading data and analytics company GlobalData.
The automotive industry in Asia-Pacific (APAC) has witnessed a significant shift toward advanced instrumentation in vehicles, as consumers increasingly demand modern features and technologies. From digital displays to driver assistance technologies, customers are seeking vehicles that offer not just transportation but a holistic driving experience
GlobalData’s latest report, Sector Innovation Report: Instrumentation – Q3 2024, reveals that the volume of the instrument cluster market in APAC is estimated to record a compound annual growth rate (CAGR) of 1.3% over the forecast period from 2024 to 2029.
Gorantala Sravan Kumar, associate project manager – automotive at GlobalData, commented, “Consumers in the APAC region are increasingly looking for vehicles equipped with technologies that provide real-time data and alerts. This trend is further fueled by the growing popularity of electric vehicles (EVs) in the region, with local manufacturers leading the charge in innovation and technology integration.”
Automotive companies based in Asia are at the forefront of innovation in instrumentation, according to GlobalData. The integration of digital cockpit systems, air quality sensors and advanced signal evaluation systems is driving the growth of the instrumentation market in the region as well.
Denso and Continental are among the major innovators in the APAC instrumentation market. Hyundai Motor Company is another, with a patent for an adaptive transmission system that learns and adapts to individual driving styles.
