Smart display is among many outcomes of the incessant technological innovation in the automotive sector. Smart displays have become a popular automotive feature. Advances in display technology have made automotive smart display highly efficient and relevant. The displays come with multimedia functions such as navigation, battery monitoring, tire pressure monitoring, engine heat, infotainment, and a host of capabilities. Market for automotive smart display is expected to expand fast in the years to come.
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Global Automotive Smart Display Market: Segmental Analysis
The segmental analysis of the market has been conducted based on driving level, vehicle type, display technology, sales channel, display size and region.
Based on driving level, key segments include semi-autonomous and conventional. Of the two, the semi-autonomous segment is anticipated remain more lucrative during the projection period. Rising popularity of semi-autonomous and autonomous vehicles globally is driving the growth of the segment.
Based on vehicle type, key segments include commercial vehicle and passenger car. The later will continue to outperform the former throughout the assessment period. Demand for passenger vehicles is one the high rise partly due to economic boom in regions such as APAC and the Middle East. Sales for passenger cars in China, India and GCC countries have remain considerably high in recent years.
Based on display technology, key segments include thin-film transistor liquid crystal display (TFT-LCD), liquid crystal display (LCD), and others. The LCD segment currently account for healthy share of the market and the trend is likely to continue over 2025. LCD screens remains a popular option for manufacturing automotive smart display.
Based on sales channel, key segments include aftermarket and OEM. It is projected that the aftermarket segment will exhibit a relatively higher growth rate during the forecast period. The mainly owing to the existence of a strong automotive aftermarket product industry in MEA, APAC and South America.
Based on display size, key segments include above 10, 5”-10”, and up to 5”. Of these, the 5”-10” segment is anticipated to demonstrates a comparatively higher growth rate over the next couple of years. Consumer preference for larger screen is supporting the segment’s
Based on propulsion, key segments include electric vehicle and internal combustion engine (ICE). The ICE segment currently accounts for the larger market share. The segment is forecast to expand at a healthy pace over 2025. Internal combustion engine continues to be the mainstream automotive propulsion technology.
Global Automotive Smart Display Market: Competition Analysis
Some of the leading companies operating in the market include Denso Corporation (Japan), Alpine Electronics Inc. (Japan), Magna International Inc. (Canada), Robert Bosch GmbH (Germany), Yazaki Corporation (Japan), AU Optronics Corporation (Taiwan), Continental AG (Germany), Visteon Corporation (US), LG Display (South Korea), Garmin Ltd. (US), Valeo SA (France), Gentex Corporation (US), Delphi Automotive PLC (UK), Panasonic Corporation (Japan) and Nippon Seiki Co. Ltd (Japan).
Global Automotive Smart Display Market: Regional Analysis
Asia Pacific (APAC) is dominates the global automotive smart display market. China emergence as the largest automotive manufacturer in world can linked with the exponential growth of the market in APAC. During the forecast period, APAC is likely to retain its dominant position. Countries in Asia have become an attractive destination for automotive manufacturers to setup their manufacturing facilities owing to cost benefits and widespread availability of raw materials. APAC is followed by North America and Europe respectively.
March 20, 2019 — Clinc Inc. (the US) a leading developer of software artificial intelligence based applications announced securing USD 52 MN in series B financing led by its investors partners Drive Capital and Hyde Park Venture Partners to bring conversational AI to automotive smart display.
February 26, 2019 —- Faurecia (France), a leading automotive technology provider announced its partnership with Japan Display Inc. (Japan), a leader in automotive displays to enhance the digital user experience in vehicles. Partnering companies will cooperate on the development and integration of large displays into automotive interiors while leveraging their expertise so that the functionalities and design of large screens will be a key element of cockpit attractiveness.
On occasion, JDI mentioned that it is looking at an exciting and technology-driven future of the entire automotive market. Hence, the trend towards autonomous driving and smart surfaces with a new way of living require a complete re-thinking of possible needs of all passengers in the vehicle.
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