Automotive Display Market Size Analysis
The global Automotive Display Market Size to reach around USD 10 billion,
exhibiting a CAGR of 7.48% by the forecast year 2030
A smart
display is a wireless touch screen device designed for use in automobiles to
provide distraction-free access to multimedia functions, driver safety
features, navigation, and real-time vehicle diagnostics such as fuel capacity,
battery temperature, tire pressure, and engine heat indicators. The growing
consumer awareness of safety features can be contributed to the growth of the
global Automotive Display Market Size. Furthermore, the global growth of luxury
and premium cars is a crucial element driving the growth of the Automotive
Display Market Size.
The
elimination of the distraction created by glancing around for details required
by an Automotive Display can reduce accidents. The high power consumption, the
cybersecurity threat posed by vehicle telematics, expensive display cost, and
lack of brightness are viewed as the primary reasons limiting the market's
growth. However, the global market is expanding due to a growing population,
changing lifestyles, increased demand for autonomous vehicles, and in-car
infotainment systems.
Get A Free Sample Report of Automotive
Display Market Size
COVID-19
Impact on the Global Automotive Display Market Size
The global
economy has suffered a significant setback as a result of the COVID-19
outbreak, which has had a detrimental influence on vehicle production. The
COVID-19 pandemic has caused supply chain difficulties, with some manufacturing
sites shutting down. The outbreak has had a severe influence on the sale of
passenger and commercial vehicles, lowering the demand for smart displays.
What is the trend
in the Automotive Display Market Size?
The Automotive Display
Market Size is expected to grow significantly in the coming years, driven by a
number of factors, including:
- The increasing demand for luxury and
premium vehicles, which typically come with more advanced display
features.
- The growing adoption of electric vehicles
(EVs), which require more displays to provide information about the
vehicle's status and performance.
- The development of new display
technologies, such as curved displays, augmented reality (AR) displays,
and head-up displays (HUDs).
Here are some of
the key trends in the Automotive Display Market Size:
- Growing demand for larger and
higher-resolution displays: Consumers are demanding larger and
higher-resolution displays in their vehicles. This is due to the
increasing popularity of infotainment systems and navigation systems.
- Increasing adoption of digital
dashboards: Digital dashboards are becoming increasingly popular in
new vehicles. Digital dashboards offer a number of advantages over
traditional analog dashboards, such as the ability to display more
information and the ability to be customized to the driver's preferences.
- Rising demand for head-up displays
(HUDs): HUDs project important information, such as speed and
navigation directions, onto the windshield. This allows the driver to keep
their eyes on the road while accessing important information.
- Growing popularity of curved
displays: Curved displays are becoming increasingly popular in new
vehicles. Curved displays offer a number of advantages over traditional
flat displays, such as a wider field of view and a more immersive
experience.
- Development of new display
technologies: New display technologies, such as augmented reality
(AR) displays, are being developed for automotive applications. AR
displays can project information onto the windshield or dashboard, which
can help the driver to avoid obstacles and make better decisions.
Modern vehicles have transformed from mere
modes of transportation into connected machines with hundreds of digital
components connected to the Internet. Besides, In-Vehicle Infotainment (IVI)
system and other vehicle software components and interfaces require high
definition displays showing everything from music to movement speed.
Computing plays a causal role in automotive
vehicles in all facets of their operation, from advanced driving-assistance
systems (ADAS) and autonomous driving (AD) to engine management, emission
control, and climate & the human-machine interface (HMI), all powered by
general-purpose graphics processing units (GPGPUs).
Automotive Display Market Size -
Segments
The Automotive
Display Market Size analysis is segmented into type, technology, applications,
display size, and region. The type segment is sub-segmented
into rear-seat entertainment touch screen display, center stack touch
screen display, advanced instrument cluster display, and others.
The
technology segment is
sub-segmented into TFT LCD, PMOLED, AMOLED, PMLCD, and others. The applications
segment is sub-segmented into telematics, navigation,
infotainment, and others. The display size segment is sub-segmented into 3"-5", 6"-10", >10". By
regions, the market is sub-segmented into the Asia Pacific, Americas, Europe,
and rest-of-the-world.
Automotive Display Market Size -
Geographical Analysis
Europe
leads the global Automotive Display Market Size, heading with the augmenting
demand from luxury or premium cars and SUV makers. Besides, major automakers
such as Audi, BMW, Porche, and Lamborghini drive the region's market share. The
UK, Germany, and France are major Automotive Display Market Sizes in the
region.
North
America holds the second-biggest share in the global Automotive Display Market
Size, witnessing increasing demand. The proliferation of autonomous cars pushes
the growth of the regional market. Additionally, stringent safety norms and
increasing awareness about the safety systems installed in an automotive system
drive the growth of the market.
The Automotive
Display Market Size in the Asia Pacific has emerged as a profitable market
globally. Huge numbers of technological advancements and OEM and aftermarket
parts companies influence the region's market growth. Moreover, the increasing
numbers of display manufacturers shifted from western regions to emerging APAC
countries provide a huge impetus to market growth.
Global Automotive Display Market Size -
Competitive Analysis
The Automotive
Display Market Size appears highly competitive, with several well-established
players forming a competitive landscape. Players focus on product development
and incorporate strategic approaches, such as collaboration, mergers &
acquisitions, product launch, and expansion to gain a larger competitive share.
They make substantial investments to drive R&D for the development of
required technologies and expansion.
Major
Players
Players
operating in the global Automotive Display Market Size include Panasonic
Corporation (Japan), Delphi Technologies (UK), LG Display Co. Ltd. (South
Korea), Visteon Corporation (US), Denso Corporation (Japan), Robert Bosch GmbH
(Germany), 3M Company (US), Magneti Marelli S.p.A (Italy), Continental AG
(Germany), Nippon Seiki Co. Ltd (Japan), Nidec Corporation (Japan), Qualcomm
Technologies Inc (US), and Synaptics Incorporated (US), among others.
Industry/Innovation/Related
News:
March
25, 2021 ---- TomTom, a leading global independent location technology specialist,
launched its new automotive navigation system, a cloud-native hybrid navigation
solution developed for the automotive industry. This next-generation
navigation, integrated with vehicle sensors, enables the display of vital
information linked to advanced driver assistance systems and refueling or
recharging needs.
TomTom's
cloud-native in-dash navigation can offer drivers a new user interface designed
around the company's safety and ease-of-use principles. These intuitive
interfaces can be displayed on the cluster screen, center stack, passenger
screens, and head-up display (HUD), in different sizes and aspect
ratios.
Read
more:
.png)
.png)
No comments:
Post a Comment