Market Research Future (MRFR), in its revises “Automotive Display Market” report, elaborates on variables that can determine the course of progress of the market. As per MRFR study, the automotive display market can expand at 13% CAGR through 2017 to 2023. The growing demand for connected vehicles can manipulate the sale figure of automotive display solutions. Hence, an escalation in the automotive display global market value from USD 11 Bn in 2017 to USD 23 Bn by 2023 is estimated by MRFR analysts. The rise in the utility of different navigations systems, GPS holding the highest popularity can spur the demand for smart automotive display solutions. The tangibility of growing inclination towards intelligent and convenient infotainment system can add momentum to the market. The worldwide automotive display market can be driven by the rise in concerns related to vehicle safety. The adoption of touch displays can support the expansion of automotive display market. On the contrary, the steepness of price can hinder the growth of the global market of automotive display.
The automotive display market study is segmented by technology, type, applications, and display size.
By automotive display market’s type-based segments are center stack touchscreen display, rear seat entertainment touchscreen displays, and advanced instrument cluster display among others.
The technology-based segments of the market are PMOLED, TFT LCD, AMOLED, PMLCD, and others. The evolution in haptic technology can revolutionize the automotive display growth track in the years to come.
The display size-based segments of the market are 6”-10”, 3”-5”, and >10”.
The application-based segments of the market are infotainment, telematics, and navigation among others. The growing utility of GPS and rise in demand for convenient infotainment systems can prompt the automotive display market growth.
Detailed Regional Study
Europe automotive display market can gain control over the global market in years to come. The firm technical and manufacturing provision can underpin the expansion of the EU market. The presence of globally acclaimed automobile producers in the region and their strong intention to integrated automotive displays in latest models can prompt the regional automotive display market through the forecast period. Asia Pacific automotive display solutions market to register considerable valuation on the conclusion of the assessment period. The availability of robust internet connectivity, high number of telecom dealers, and industrious automotive task force can shore up the growth of the APAC automotive display market across the evaluation period.
Latest study of the automotive display market reveals that key players are invested in expanding their technological expertise to offer more convenient car models to public. The application of IoT and AI solutions by marketers to develop intelligent automatic display solutions can lay ground work to generate considerably high annual turnover. The proficient analysts of MRFR have conducted an in-depth study on role of key players in market growth. MRFR automotive display market report delineates strategies that are deployed by these companies to gain organic traction. The discussion on benefit of mergers and acquisitions on the automotive display market is confined in the report.
Market Key Players
Based on origin, regional divisions, key developments, and industry expertise; MRFR has profiled major players of the automotive display market. They are; Panasonic Corporation (Japan), LG Display Co. Ltd (South Korea), Robert Bosch GmbH (Germany), Synaptics Incorporated (US), Delphi Technologies (UK), Continental AG (Germany), Visteon Corporation (US), 3M Company (US), Magneti Marelli S.p.A (Italy), Nippon Seiki Co. Ltd (Japan), Denso Corporation (Japan), Qualcomm Technologies Inc (US), Nidec Corporation (Japan), and others.