Automotive Smart Display Market: LCD Smart Display Technology will Gain Momentum

Posted on 2019-06-20 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Jun-20 — /EPR Network/ —According to the latest research from Fact.MR, 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.

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.

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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.

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.

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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.

Automotive Smart Display Market: Competition Landscape

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 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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