Key Projection on Automotive Smart Display Market Proposals & Trends Leading to 5.0% CAGR Growth during 2017-2022
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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.
According to a new study by Fact.MR, the global automotive smart display marketis 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 Forecast 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.
Advanced Instrument Cluster Display and Center Stack Touchscreen Display will collectively account for two-fifth of revenue share on global revenues by 2017 end.
Light commercial vehicles are projected to emerge as the largest segment by vehicle type. Heavy commercial vehicles will also emerge as the second largest users of the automotive smart display.
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The report has also profiled leading players in the global market for automotive smart display, which will remain active through 2022. These include companies such as Alpine Electronics, AU Optronics Corp., Continental AG., DENSO Corp., Japan Display Inc., LG Display Co., Ltd., Robert Bosch GmbH, Panasonic Corp., Valeo SA, Visteon Corporation and Yazaki Corporation.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Marketresearch 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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