Automotive Gauges and Meters Market: Introduction

  • Automotive gauges and meters market is likely to witness significant growth during the forecast period
  • Gauges and meters are integrated in the instrument cluster of a vehicle to provide information about the vehicle. They indicate key parameters to the driver of the vehicle such as vehicle speed, fuel level, rpm, oil pressure, and distance travelled by the vehicle.
  • Gauges and meters can be analog as well as digital; however, digital meters witness demand over analog meters and gauges

Key Drivers of Automotive Gauges and Meters Market

  • Automotive gauges and meters market is likely to expand at a significant rate during the forecast period, owing to demand for highly informative instrument cluster among automotive enthusiasts and consumers
  • Development of systems that provide detailed information about vehicle systems, such as tire pressure monitoring system and cabin temperature indicators, are likely to fuel the market for automotive gauges and meters during the forecast period
  • Integration of digital gauges in modern vehicles is increasing. Moreover, the ability to display multiple parameters of a vehicle in a single meter is driving the market for digital automotive gauges and meters.
  • Automotive gauges and meters market is highly dependent on the production of vehicles, which has shown consistent growth over the past few years. Thus, rise in production of vehicles is anticipated to fuel the market for automotive gauges and meters.
  • Investments in the development of various technologies, such as heads-up display, and integration of multiple safety features that indicate the distance between proceeding and leading vehicles, are expected to drive the gauges and meter market

Speedometer and odometer are anticipated to be key technologies in the market, owing to their 100% market penetration

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Integrated Telematics Systems in Vehicle to offer Attractive Opportunities

  • Market for telematics services and technologies has shown tremendous growth in the last five years. Moreover, integration of vehicle diagnostics systems and predictive maintenance systems, which comprise multiple meters and gauges, is likely to increase. This is anticipated to offer growth opportunities in the global automotive gauges and meters market.

Asia Pacific Automotive Gauges and Meters Market to Witness Growth

  • Asia Pacific is the largest automotive producer across the globe. China alone holds more than 30% of the global vehicle production. Availability of efficient and cost-effective labor has been a major factor for high production in the region. China, India, and Japan are major vehicle manufacturing countries in Asia Pacific. 
  • Demand for two-wheelers (motorcycles and scooters) in Asia Pacific is significantly high as compared to the other regions. These vehicles use a notable share of automotive gauges and meters. India is the largest market for two-wheelers and thus holds a significant share of the Asia Pacific automotive gauges and meters market.

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Key Players Operating in Global Market

The global automotive gauges and meters market is highly fragmented, owing to the presence of a large number of small-scale manufacturers. Some of the major players operating in the global automotive gauges and meters market are:

  • Continental AG
  • Delphi Automotive LLP
  • Denso
  • Innolux Corporation
  • Japan display Inc.
  • Luxoft.
  • Mitsubishi Electric
  • Robert Bosch GmbH
  • Visteon Corporation

Automotive Gauges and Meters Market: Research Scope

Global Automotive Gauges and Meters Market, by Meter type

  • Odometer
  • Speedometer
  • Fuel Gauge
  • Battery Level Indicator
  • Oil Pressure Gauge
  • Temperature Gauge
  • Others

Global Automotive Gauges and Meters Market, by Vehicle Type

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Global Automotive Gauges and Meters Market, by Propulsion System

  • Internal Combustion Engine
  • Electric Motor

Global Automotive Gauges and Meters Market, by Technology

  • Analog
  • Digital

Global Automotive Gauges and Meters Market, by Supplier

  • OEMs
  • Aftermarket

Global Automotive Gauges and Meters Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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