Press release
Automotive Display Market undergoing moderate growth in the forecast period of 2019-2026
The automotive display market of the automotive industry is segmented in product, application, end-user, and region, which is being incorporated by the top players and brands that are dominating the market by their moves like product launches, researches, joint ventures, mergers, and accusations, and according to the calculation of the historic year 2016 and base year 2017 shows that they are moving in the right direction.
This automotive display report explains the markets definition, classifications, applications, and engagements are while explaining the drivers and restraints are for the market which is determined using SWOT analysis.
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Market Analysis:
Global automotive display market is undergoing moderate growth in the forecast period of 2019-2026, growing with a conservative CAGR. The report contains data from the historic year of 2017, base year of 2018. This rise in market value can be attributed to the rising levels of benefits & features offered with automotive displays, and enhancement of security with its implementation in vehicles.
Market Drivers:
Significant technological advancements and developments in the market is expected to drive the market growth
Enhancement of driver experience & safety features enhancement, is also expected to drive the market growth
Market Restraints:
Concerns regarding the mobility functioning of touch screen display in comparison to mechanical controls is also expected to restrain the market growth
Lack of adoption & lack of preference over implementing high cost automotive displays is also expected to restrain the market growth
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Key Developments in the Market:
In March 2018, KYOCERA Corporation announced the launch of high-performance and a higher resolution of LCD (liquid crystal display) systems which are focused for head-up displays.
In August 2017, Pioneer Corporation launched Z series of infotainment displays systems, which are available for the entry-level vehicles’ aftermarket usage.
Major Market Competitors/Players:
Few of the major competitors currently working in the automotive display market are Continental AG, Visteon Corporation, Panasonic Corporation, Nippon Seiki Co. Ltd., Magneti Marelli S.p.A., Delphi Technologies, YAZAKI Corporation, 3M, DENSO CORPORATION, LG Display Co. Ltd, Sharp Devices Europe, SmartKem Ltd., Robert Bosch GmbH, Alpine Electronics Inc., Garmin Ltd., Valeo, Japan Display Inc., Elektrobit, HARMAN International, AU Optronics Corp., Barco, Pioneer Corporation, Innolux Corporation, and KYOCERA Corporation.
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