Press release
Global Automotive Smart Display Market will Touch a Value of Nearly US$ 6478 Mn in the year 2022
Fact.MR
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Automobile manufacturers are providing advanced infotainment systems, steering-mounted controls, central controllers, gesture control system, heads-up display, etc., to enhance safety, comfort, and convenience. Automobile manufacturers are constantly upgrading their offerings to meet the ever-evolving demands of end-users.
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.
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. The market is expected to reflect steady CAGR during the forecast period of 2017 to 2022. The growing demand for advanced functions including connected car services and driver assistance features are driving the growth of automotive smart display. Below are the few insights on the future direction of automotive smart display systems market.
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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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.
Competition Tracking
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.
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About Fact.MR
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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