Automotive Smart Display Market Estimated to Record Highest CAGR by 2017 to 2022
According to a new study by FactMR, the global automotive smart display market is projected to witness steady growth during 2017-2022. By the end of 2022.
[UKPRwire, Fri Apr 12 2019] FactMR has actively published a new research study titled “Automotive Smart Display Market Estimated to Record Highest CAGR by 2017 to 2022 | Key Players are Yazaki Corporation, Valeo SA., Visteon Corporation, etc.” to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the automotive smart display market during 2017-2022. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants. As per research findings, the global automotive smart display market is expected to showcase impressive growth at 5.0% CAGR during the period until 2022.
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The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines. Summary 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 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 LCD and TFT-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.
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. 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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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 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.
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.
Table of Content:
- Global Automotive Smart Display Market - Executive Summary
- Global Automotive Smart Display Market Overview
2.1.1. Global Automotive Smart Display Market Taxonomy
2.1.2. Global Automotive Smart Display Market Definition
2.2. Global Automotive Smart Display Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Smart Display Market Y-o-Y Growth
2.3. Global Automotive Smart Display Market Dynamics
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