The global automotive smart display market size is expected to reach USD 16.98 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2021 to 2028. The growing demand for advanced safety features, automotive and cockpit electronics, and semi-autonomous and autonomous vehicles is expected to drive the market. The increasing demand for improved in-vehicle experience and the changing consumer buying behavior, along with the growth of luxury, premium, and high-end cars worldwide, are also expected to fuel the market demand over the forecast period.
The
surge in demand for vehicle navigation and connectivity system in the
automotive sector led to a growth in the usage of automotive visualization
technology. The visualization technology has played a significant role in the
advancement of the cockpit technology, which has led to the incorporation of
interactive and smart displays in several vehicles launched by prominent
automakers, such as Jaguar Land Rover, Mercedes-Benz, Volkswagen, Audi, and
BMW. Moreover, the technology is gaining
prominence among automotive display suppliers with an uptick in demand for
automotive in-vehicle infotainment solutions as well as display solutions. An
increase in the sales of passenger vehicles equipped with smart displays and
in-vehicle infotainment systems, coupled with features such as navigation,
driver assistance, and real-time traffic monitoring, is expected to bolster the
market growth over the forecast period.
Asia
Pacific held the largest share in 2020 owing to the presence of several key
players, such as Panasonic Corporation (Japan), Yazaki (Japan), and Nippon
Seiki (Japan) in the region. The region is characterized by the presence of
developed nations such as Japan and South Korea, along with emerging economies
such as China and India. In recent years, the region has emerged as a hub for
automobile production.
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Automotive Smart
Display Market Report Highlights
- In terms of
display size, the greater than 10" size segment is expected to
register the highest CAGR of 9.2% from 2021 to 2028 owing to the increase
in the number of semi-autonomous, autonomous, and electric cars
- Based on
display technology, the TFT-LCD segment dominated the market in 2020 and
is anticipated to maintain its lead the forecast period
- By
application, the center stack segment accounted for the largest revenue
share of over 40.0% in 2020. Technological developments in self-driving
and connected cars are expected to propel the demand for center stack
displays in vehicles
- Asia Pacific
accounted for the largest revenue share in 2020. This is attributed to
increased production and sales of passenger vehicles in the region
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Automotive Smart
Display Market Segmentation
Grand View Research has
segmented the global automotive smart display market on the basis of display
size, display technology, application, and region:
Automotive Smart
Display Size Outlook (Revenue, USD Billion, 2016 - 2028)
- Less than 5''
- 5''- 10''
- Greater than 10''
Automotive Smart
Display Technology Outlook (Revenue, USD Billion, 2016 - 2028)
- LCD
- TFT-LCD
- OLED
- Others
Automotive Smart
Display Application Outlook (Revenue, USD Billion, 2016 - 2028)
- Digital Instrument Cluster
- Center Stack
- Head-up Display (HUD)
- Rear Seat Entertainment
Automotive Smart
Display Regional Outlook (Revenue, USD Billion, 2016 - 2028)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Spain
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa
List of Key
Players of Automotive Smart Display Market
- Alps Alpine Co., Ltd.
- Continental AG
- Denso Corporation
- Hyundai Mobis
- Nippon Seiki Co., Ltd.
- Panasonic Corporation
- Pioneer Corporation
- Robert Bosch GmbH
- SAMSUNG (HARMAN International)
- Visteon Corporation
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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