Automotive Smart Display Market is Expected to Grow at a high CAGR of 6.1% during the forecast period (2022-2029) | Size, Share & Growth Analysis Report

Automotive Smart Display Market

Automotive Smart Display Market is expected to grow at a CAGR of more than 6.1% during the forecast period from (2022-2029).

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The factors driving the growth of Automotive Smart Display Market includes Increasing demand for autonomous and semiautonomous vehicles across the globe, rise in the production of luxurious cars and growing focus by car manufacturers on improving customer's experience. According to the report published by Bloomberg, the Global Autonomous Vehicles Market was estimated around USD 76.12 billion in 2020 and is expected to reach USD 2,161.78 billion by the end of 2030, growing at a CAGR of 40.1% over the forecast period, which will boost the Automotive Smart Display Market size in the approaching years. Moreover, growing adoption of advanced technologies such as steering-mounted controls, advanced infotainment systems and head-up displays, rise in the installation of in-vehicle infotainment systems and improvements in the internet connectivity, are further pushing the market growth. In addition, the increasing investments by major companies on research and development, rise in the launch of innovative products and growing disposable incomes, are some of the additional factors supplementing the Automotive Smart Display Market Growth.

However, the growth of Automotive Smart Display Market is hindered due to rise in the number of cyberattacks across the globe

The prominent players operating in the market are Visteon Corporation, LG Displays Co., Ltd., YAZAKI Corporation, Bosch Global, DENSO CORPORATION, ALPS ALPINE CO. LTD., Panasonic Corporation, Continental AG, Pioneer Corporation and HYUNDAI MOBIS, among others.

Based on Application, the Centre Stack segment is estimated to capture the largest market share during the forecast period

As per the Automotive Smart Display Market Trends, Center Stack offers offer variety of features such as navigation, music, and cabin temperature controls along with technological advancements in the connected cars, are some of the factors responsible for the segment's growth.

Based on Region, the European region is projected to hold, the highest market share over the forecast period

Rise in the launch of premium cars, growing popularity of connected vehicles, increased adoption of advanced technologies, rapid industrialization, Government initiatives to boost the automobile manufacturing and high per capita incomes, are some of the important factors augmenting he market growth in Europe.

Key Development

In 2020, Bosch Global launched the SMI230, one of the highly precise MEMS sensors which can constantly register changes in the vehicle's director and speed. The information is combined with the positional data from the global navigation satellite system (GNSS) and used for navigation.
In 2020, Panasonic Corporation launched two new Smart unit Receivers for In-car entertainment.

Market Segmentation

Segmentation by Application

Digital Instrument Cluster
Centre Stack
Head-up Display
Rear Seat Entertainment

Segmentation by Display Size

5″ Display Size
>10" display size

Segmentation by Display Technology

LCD
OLED
Others

Segmentation by Vehicle Class

Economy
Mid-Segment
Luxury

Segmentation by Vehicle Type

Passenger Car
Light Commercial Vehicle
Heavy Commercial vehicle

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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