Automotive Smart Display Market Global Analysis & Forecast To 2023 Research

Posted by Rishikesh Kurane on September 20th, 2019

The automotive smart display market has been projected to witness growth as the preference of enhanced driving & passenger experience and convenience features pushes the market towards growth. Rapid technological advancements and increasing consumer demand for automotive display features, are expected to fuel the demand for automotive smart displays market. Automotive smart display market is growing in Asia-Pacific region with China and India expected to be the most promising markets. Japan is known to be a technologically advanced market with a growing consumer demand for advanced automotive electronics in the cockpit and passenger entertainment. However, the high cost of developing display systems and related technologies, acts as a major growth restraint in the market.

Taste the market data and market information presented through more than 30 market data tables and 25 figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Automotive Smart Display Report -Forecast to 2023”.

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Key Players:

The prominent players in the automotive smart display include  Robert Bosch GmbH (Germany), Panasonic Corporation (Japan), Continental AG (Germany), Visteon Corporation (U.S.), Denso Corporation (Japan) LG Display (South Korea), Alpine Electronics Inc. (Japan), Valeo SA (France), Magna International Inc. (Canada) and Delphi Automotive PLC (U.K.)

Segmental Analysis

The segmentation of the automotive smart display market is carried out on the basis of display technology, driving level, vehicle type, and region. On the basis of Display technology, the automotive smart display market is segmented into TFI-LCD, LCD, and other advanced technology. Based on Driving Level, the automotive smart display market is segmented into semi-autonomous and Conventional. On the basis of vehicle type, the automotive smart display market is segmented into Passenger vehicle and Commercial vehicle. The regions included in the automotive smart display market are North America, Europe, APAC and the rest of the world.

Detailed Regional Analysis     

The regional analysis of the automotive smart display market comprises of regions such as North America, Europe, APAC and rest of the world. The Asia Pacific region is projected to lead the smart display market for automobiles throughout the forecast period. The development of the automotive manufacturing industries in the emerging economies such as China and India is running the market for automotive smart display. The market in emerging countries is mainly driven by economic development and constant industrialization, which benefits in the production of vehicles. Furthermore, the elevated production of vehicles, reduced manufacturing cost and the accessibility to inexpensive labor are a few of the factors that are boosting the market in the Asia Pacific region.

Market Research Future Analysis:
Market Research Future analysis show that the global market of automotive smart display market is estimated to be at USD 9.78 Billion by the end of year 2023. Currently, Asia-Pacific is dominating the market with increasing vehicle production in countries such as India and China and focus on increasing the production capacity. Lower manufacturing costs combined with less stringent government regulations has led major technology giants to establish manufacturing bases in the region, thus driving the regional industry growth.

North America is expected to be a flourishing regional market and is expected to grow over the forecast period. High disposable income and improved lifestyle of the people, is expected to generate a steady demand for such advanced display market.

Industry Updates:

Sep 2018 Hyundai Motor Company, a leader in the Automobile sector recently announced investment in WayRay AG, a Zurich-based technology startup to advance Holographic AR display system for the succeeding generation of connected vehicles. The company did not reveal the investment sum or stake details. The Korean carmaker is proposing to implement this technology to its mass-production vehicles by 2020.

Jan 2019 Qualcomm is displaying some of its in-vehicle expertise with the presentation of a multi-tiered third-generation Snapdragon Automotive Cockpit platforms that consists of premiere, performance, and paramount classes. The new Snapdragon automotive cockpit platforms are the first scalable AI-based platforms according to Qualcomm and are intended to alter in-vehicle experiences.

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