Press release
Growing demand for autonomous and semi-autonomous vehicles has fueled the market for automotive smart display
Automotive Smart Display Market Overview:
Automotive vehicle manufacturers nowadays have started focusing on developing and innovating slim looking interiors, dashboards, and display, which are easier, safer, and controlled to use. Automotive smart display is one of these innovative developments, highly demanded by customers nowadays. Automotive smart display is expected to replace the traditional automobile displays in the coming years.
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Automotive smart display consist of indicators and other displays in the instrument panel, and can even be provided for the rear seat passengers. Navigation systems, radio and audio, and board computers are also included within automotive smart display. The term ‘smart’ is used with these displays, because apart from providing all traditional display functions, these can also be connected to the internet via Wi-Fi. One of the best applications where automotive smart display is being used is in cabs and taxis.
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Market Dynamics:
Growing demand for autonomous and semi-autonomous vehicles has fueled the market for automotive smart display. Also, the demand for comfort features as well as safety requirements is expected to push the growth of Automotive Smart Display Market. In many countries, the government has made regulations regarding automobile safety and mandatory in-vehicle GPS systems for commercial vehicles.
One of the major restraints that is likely to hinder the growth of Automotive Smart Display Market is the cost factor associated with it.
The newest technology in the Automotive Smart Display Market is the ability to see augmented reality displays over the windscreens of cars. This technology if incorporated in the vehicle adds lot of functionality to the car.
Asia-Pacific region is estimated to be the region with highest growth in the Automotive Smart Display Market. This growth is attributed to the increasing cases of road accidents and the need for implementation of the measures related to road safety.
Key Players:
Some of the major players identified in the Global Automotive Smart Display Market include Nippon Seiki Co, Ltd., LG Display Inc., AU Optronics Corp., Japan Display Inc., Yazaki Corporation, Visteon Corporation, Continental AG, Denso Corporation, Panasonic Corporation, and Robert Bosch GmbH.
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