Smart Display Market Size - Industry Share Report 2022

Smart Display Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2022 Market Research Report to It’s a Database.

The smart display market for automotive is projected to grow at a CAGR of12.77% during the forecast period, to reach a market size of USD 9.80 billion by 2022.Earlier, the share of electronic systems in vehicles was only 1–2% of the vehicle cost. However, due to the rising trend of enhanced driver and passenger experience and convenience features, the share of electronic systems has increased to 8–12% of the total vehicle cost. Consumer preference for these features is a key driving force for the growth of digital cockpit display applications. Automotive displays are expected to play a greater role in electric cars, semi-autonomous, and concept cars with latest technologies and radical designs. The growth of such technologies could escalate the role of the display functions and systems in cars, which would increase the demand for advanced automotive displays.

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The light duty vehicle segment is estimated to dominate the smart display market for automotive. According to the Organization Internationale des Constructeurs d'Automobiles (OICA), the global new passenger car sales increased from 55.8 million units in 2010 to 69.4 million units in 2016. The increase in the number of passenger cars, combined with increasing adoption of display applications, makes passenger cars the highest contributor to the smart display light duty vehicle segment. The rapid increase in the adoption of safety and comfort systems in passenger cars plays a significant role in the increasing demand for display applications in passenger cars. The display function, combined with other active and passive safety systems, assists a driver in avoiding crashes and protects passengers during accidents.

The penetration of semi-autonomous vehicles is anticipated to rise in the coming years due to an increase in the electrification of vehicle components and use of smart automotive components that assist the driver in a more comfortable and safe drive. In addition, technologically driven companies and OEMs are collaborating to make semi-autonomous and autonomous vehicles a safe mode of transportation, thereby engaging consumer curiosity. With development in level of autonomous driving, vehicles will be equipped with a number of automotive smart displays that will be larger and provide advanced driver assistance on a single touch screen platform.

The other advanced display technologies, such as OLED, AMOLED, etc. are widely used in consumer electronics applications, such as television displays, smart phones, and others. These advanced display technologies allow flexibility in design and color and provide an enhanced visual appeal. They offer superior quality images and brighter displays as compared to LCD and TFT-LCD display panels. However, these display technologies are not frequently used in automotive applications due to low temperature resistance offered by these panels. Advanced display technologies are also less durable as compared to LCD and TFT-LCD technologies for automotive functions.

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Key Points From Table Of Content:

12 Company Profiles

(Company Overview, Strength of Product Portfolio, Product Offerings, Business Strategy Excellence, Recent Developments)*
12.1 Robert Bosch GmbH
12.2 Panasonic Corporation
12.3 Continental AG
12.4 Denso Corporation
12.5 Magna International Inc.
12.6 LG Display Co. Ltd.
12.7 Valeo SA
12.8 Delphi Automotive PLC
12.9 Kyocera Display Corporation
12.10 Yazaki Corporation
12.11 AU Optronics Corporation
12.12 Japan Display Inc.
12.13 Pioneer Corporation
12.14 Visteon Corporation
12.15 Alpine Electronics
12.16 Nippon Seiki Co. Ltd.

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Research Coverage:

The smart display market for automotive has been segmented by application (advanced instrument cluster displays, center stack touch screen displays, rear view entertainment touch screen displays, and others),display size (3”-5”, 6”-10”, and >10”), display technology (LCD, TFT-LCD, and other advanced technologies), level of autonomous driving (conventional and semi-autonomous), vehicle type (light duty vehicle and heavy duty vehicle) and region (Asia-Oceania, Europe, North America, and Rest of the World). The market has been projected in terms of volume (‘000 units) and value (USD million/billion).

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