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 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 TFT-LCD and 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 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.
>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.
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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
- Valeo SA
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
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 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.
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.
The next section is an overview of the global automotive smart displays market. This includes the introduction to the market and a standard definition of the product – automotive smart display. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.
The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global automotive smart displays market. Considering the interconnectedness of the automotive smart display market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.
In a bid to keep readers up-to-date on the latest developments in the global automotive smart displays market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.
Considering the wide scope of the global automotive smart display market, the report provides in-depth 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.
The concluding section of the report profiles companies operating in the global automotive smart displays market. Companies of all sizes, including market leaders, established players, and market entrants are profiled in this section. The competitive intelligence offers information on company overview and other important parameters, such as product offerings and key financials.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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