Growing Number of Connected Vehicles Likely to Augment Growth in Automotive Smart Display Market

Posted on 2019-05-16 by Mark Hub in Automotive, Industrial // 0 Comments

Rockville, USA, 2019-May-16 — /EPR Network/ — According to a new study by Fact.MR, 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. Fast transitioning user preferences for smart car technologies encompassing an array of advanced technologies such as driver assistance system and infotainment have led to greater adoption of connected vehicles. The trend is likely to remain persistent in the coming years, paving greater avenues in automotive smart display market, an integral component in connected vehicles. Spike in car ownership besides lurking opportunities in passenger vehicles on the back of expanding trade activities are poised to sustain exponential demand traction in automotive smart display market.

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Asia-Pacific continues to remain an attractive platform for burgeoning automotive smart display market. On the back of growing car owners, Asia-Pacific region remains a lucrative regional hub for international automakers who are keen on diversifying ample resources towards business expansions. Owing to diverse advantages such as exponentially rising car ownership besides availability of cheap man power in Asian countries such as India and China, leading industry behemoths are diverting resources towards development of sophisticated smart displays to resonate preferences of luxury and connected car owners. Besides sophistication towards feature enhancements, leading market participants are also inclined towards arresting high risks of cyber threats, a persistent challenge in automotive smart display space.

Manufacturers are investing massively towards enhanced feature development such as vehicle-to-infrastructure and vehicle-to-vehicle connectivity featuring real-time diagnostics for superlative capabilities encompassing navigation and safety. Other features such as gesture control technology and audible navigational features with improved 360 degree imaging technology are some of the most sought after features in automotive smart display market.

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Automotive Smart Display Market: Overview

The automotive smart display market has been analyzed in detail to offer definitive forecast insights on the market for the period 2017-22. This report is an exhaustive compilation of a detailed overview of automotive smart display market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.

Some Forecast Highlights on Global Automotive Smart Display Market

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.
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.
The demand for 6-10 inches smart displays is the highest. This segment will continue to remain lucrative during the forecast period.
LCD smart display technology will gain momentum, reaching nearly US$ 2,400 million revenue by the end of 2022.

Automotive Smart Display Market: Competition Landscape

This section of the report offers a detailed section on key contributors in automotive smart display market. A dashboard view of each of the mentioned profiles complete with detailed insights on their respective SWOT analysis along with detailed assessment of their product portfolio, market contribution, as well as recent developments have been slated to aid readers’ understanding about the competition spectrum.

Key Players 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 Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized 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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