Asia Pacific automotive digital instrument cluster market size is increasing rapidly due to the strong vehicle and component manufacturing sector in emerging economies like Japan, China, and South Korea. Most of the regional governments have been instigating a supportive regulatory framework to enhance the deployment of the digital instrument cluster in automobiles that will fuel the product demand in coming years.
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Automotive digital instrument cluster marke
The Asia Pacific authorized car service center market is projected to grow immensely owing to the increasing vehicle sales in countries like China, India and Australia. The region’s thriving automobile industry could fuel the demand for car maintenance and repair station. According to the Australian Automotive Aftermarket Association (AAAA), in 2017, the nation had the maximum car ownerships, with an estimate 764 cars per 1,000 people. Increase in traffic density and congestion may also lead to wear and tear of vehicles, thereby fueling increased requirement for regular vehicular maintenance for proper functioning in APAC.
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Automotive air intake manifold market has been distributed into different segments on the basis of material, manufacturing process, distribution channel, vehicle and manifold. Heavy commercial vehicles segment is slated to register a revenue of over USD 5 billion by the year 2026. This increase will be mainly attributed to the surging use of such vehicles by the transportation sector and logistics company for to meet increasing trade demand.
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Asia Pacific is likely to emerge as a pivotal growth ground for automotive filters market. The regional growth is stemmed from increasing average age of cars, which calls for frequent aftermarket services, including automotive filter replacement. As per estimates, Asia Pacific automotive aftermarket is likely to exceed USD 145 billion by 2022. In addition, the regional governments are encouraging domestic production to boost economic growth, which will favor automotive filters industry growth.
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The APAC automotive switch market is expected to showcase notable CAGR of 4% through 2026. Improving disposable income among people in emerging countries across Asia Pacific will expand regional opportunities in automotive switch industry over the period of study.
Developments in the automobile sector owing to product innovations will support the industry dynamics. With an aim to enhance passenger-vehicle safety, countries like China, India and Japan are recording increased use of ADAS and other safety systems. Additionally, there increasing adoption of electric vehicles in the region owing to stringent regulations by the government to reduce carbon emission levels and ade