Attractive Market Opportunities in Automotive Smart Display Market Estimate to Grow at a Significant Rate throughout 2017-2022

Posted on 2018-08-27 by Mark Hub in Automotive // 0 Comments

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The rising demand for advanced functions including multimedia system, navigation, connected car features and assistance features for drivers improving driver-to-vehicle communication is boosting the use of smart display in automotive. OEMs are also increasingly investing in the research and development to enhance car features and improve display technologies. This FactMR report discusses key prospects for growth of global automotive smart display market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies. Scope The scope of the report is to analyze the global Automotive Smart Displays Market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive smart display manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report.

The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines. Summary The report begins with a concise summary of the global automotive smart displays market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global automotive smart displays market.

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The automotive smart display is a wireless touch screen display device providing distraction-free access to multimedia functions, navigation, driver safety features, real-time diagnostics of the vehicle including tire pressure, engine heat indicators, etc. Modern smart display systems also include vehicle-to-infrastructure and vehicle-to-vehicle connectivity to enhance customer experience. Improving safety, providing comfort, and enhancing driver experience are the priorities for the automotive sector currently. Smart display manufacturers are providing cutting-edge smart display applications. With an increase in the integration of vehicle functions in a display application, smart display manufacturers are providing LCD and TFT-LCD display panels with unique designs. OEMs are also focusing on offering smart automotive display system for a cost-sensitive market. Along with the single-touch screen platform, manufacturers are also integrating gesture control technology in the smart display system. The focus is also on offering audible navigational assistance system and 360°video imaging technology that displays 3D view of vehicle surrounding, thereby improving safety.

According to a new study by FactMR, the global automotive smart display market is projected to witness steady growth during 2017-2022. By the end of 2022, the market is anticipated to be worth US$ 6,478 million. Rising demand for innovative features in vehicles is enhancing the growth of automotive smart display system.

>6-10 Inches to be the Highly-Preferred Display Size

Currently, demand for 6-10 inches smart displays is the highest. This segment is expected to reach US$ 1,834 Mn in 2017. 3-5 inches is the second largest segment in terms of revenues.

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LCD Display Technology to Represent Robust Growth

Compared to TFT-LCD technology, LCD display technology is anticipated to witness strong growth in the global automotive smart display market. Towards the end of 2017, LCD will account for nearly one-third of the global revenue share.

Advanced Instrument Cluster Display to Witness Maximum Usage

Advanced instrument cluster display is expected to gain healthy growth in the global automotive smart display. The advanced instrument cluster display is projected to bring in nearly US$ 1,896 million in revenue by the end of 2022. Meanwhile, center stack touchscreen display is also expected to witness strong growth in the global automotive smart display market.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global automotive smart display market through 2022, which include AU Optronics Corp., Alpine Electronics, DENSO Corp., Visteon Corporation, Continental AG., LG Display Co., Ltd., Japan Display Inc., Panasonic Corp., Robert Bosch GmbH, Yazaki Corporation, and Valeo SA.

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About FactMR

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized global market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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