Demand for Automotive Smart Display Market Rises Due to Sustainable Technological Boost During 2017 to 2022
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.
Rockville, MD -- (SBWire) -- 06/17/2019 --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.
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.
>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.
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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
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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