Press release
Automotive Display Systems PEST analysis, Porter’s Five Forces analysis
Automotive Display Systems Market
Rising demand for connected vehicles is the major factor driving growth of the global automotive display systems market. Additionally, increasing demand for larger displays is expected to drive growth of the market.Customers currently purchase products that not only offer more functionality, but also focus on aesthetic appeal that best suits their individual tastes.
A major and growing trend, especially in developed countries, is increasing development of next-generation micro-display technology and rising adoption of AMOLED technologies.
The center stack display segment in the global automotive display systems market is estimated to account for revenue share of over 30%. This can be attributed to center stack displays being the most preferred type of automotive displays by manufacturers in cars both at entry and premium levels.
Camera information display segment accounted for second largest revenue contribution to the global automotive display systems market, owing to factors such as use of CID in vehicles for parking assist, and driver assist systems.
The Americas market is expected to grow at a steady growth rate, while demand for automotive display systems in Europe region is foreseen to expand at moderate pace in near future. The market in developing countries in Africa and Asia Pacific is witnessing rapid growth for automotive display systems market.
Presence of major automotive manufacturers in this region such as Ford, Porsche, Gm, and Chrysler expected to give additional benefit to drive growth of the automotive display systems market in Americas region.
Increasing demand for integration of smartphone with vehicles, connected vehicles, and enhanced user experience and convenience feature in car expected to boost growth of the automotive display system market in this region.
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In 2016, Asia Pacific market accounted for the second largest revenue share contribution to the global automotive display systems market and expected to register highest CAGR over the forecast period.
The global automotive display system market was valued at US$ 11,815.7 Mn in 2016 and is projected to reach US$ 70,771.0 Mn in 2026 at a CAGR of 19.8% between 2017 and 2026.
The automotive display system is transparent display used in automobiles and displays data to indicate or alert the driver regarding any obstacles or dangers on the road in order to enable a smooth and safe driving experience.
Major factors fueling the growth of the global automotive display system market include declining costs of thin-film-transistor/liquid-crystal display (TFT/LCD), rising demand for devices and solutions to ensure driver and passenger safety, especially during long or arduous drives.
Companies profiled in the report are Alpine Electronics, Continental, Delphi Automotive, DENSO, Fujitsu, Garmin, KYOCERA Display, LG Display, Nippon Seiki, Panasonic Etc.
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