Automotive Smart Display Market: Advanced Instrument Cluster Display to Witness Maximum Usage

Posted on 2019-04-26 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Apr-26 — /EPR Network/ — 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 Fact.MR 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. The global automotive smart display market is anticipated to witness steady growth, reaching close to US$ 6,480 million revenue by the end of 2022. The market is expected to reflect steady CAGR during the forecast period of 2017 to 2022. The growing demand for advanced functions including connected car services and driver assistance features are driving the growth of automotive smart display. Below are the few insights on the future direction of automotive smart display systems market.

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Original Equipment Manufacturers (OEMs) are also enhancing driver’s experience by integrating phone functions, real-time traffic and parking updates, advanced instrument cluster display and others. Vehicle-to-vehicle connectivity and vehicle-to-infrastructure have emerged as the growing industry trends in the automotive smart display. High-end automotive applications along with the smart technologies are become the standard features in many latest models. These factors have also led to greater adoption and incorporation of smart display systems. Many mid-range and high-end cars now come equipped with smart display systems.

Considering the wide scope of the global automotive smart display market, the report provides indepth insights, segment-wise analysis and forecast. The market is categorized on the basis of display size, display vehicle type, application, vehicle type and region. The segmentation analysis also provides country-wise forecast on all the major market parameters.

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North America is anticipated to be the second most lucrative region in the global automotive smart display market. The region is poised to showcase moderate growth during the forecast period. Europe is expected to dominate the global automotive smart display market throughout 2017 to 2022. By the end of 2022, Europe is projected to reach nearly US$ 1,710 million value. Increasing demand for comfort, convenience and safety in automobiles is contributing towards the growth of Europe automotive smart display market.

>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.

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.

The report has also profiled leading players in the global market for automotive smart display, which will remain active through 2022. These include companies such as Alpine Electronics, AU Optronics Corp., Continental AG., DENSO Corp., Japan Display Inc., LG Display Co., Ltd., Robert Bosch GmbH, Panasonic Corp., Valeo SA, Visteon Corporation and Yazaki Corporation.

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