As per the study by Market Research Future Reports (MRFR), the global Automotive Display Market is estimated to value USD 23 billion, thriving at a CAGR of 13% during the review period. The growing demand for connected vehicles is one of the significant factors driving the global automotive display market 2020.
The growing demand for increasing infotainment in automobiles is estimated to play a significant role in market growth. Moreover, increasing in-vehicle safety demand has augmented the market. Also, individuals today have a large dependency on navigation systems, which aids in expanding the market size. The automotive display provides free access to navigation, driver safety features, and multimedia function. These attributes additionally augment demand.
The key players of the automotive display market have expanded their technological capabilities and adopted IoT for better automatic display operations. Most of the players have adopted inorganic strategies to enhance their business. Some of the adopted strategies are collaboration, merger & acquisition. On the other hand, the expenses related to advanced automotive display systems can act as a hindrance to the market expansion. Besides, the safety issues related to the replacement of mechanical controls with touch screen display is another factor that may impede the market expansion during the forecast period.
The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Furthermore, a precise evaluation of factors augmenting and impeding the market in the post-COVID-19 environment has been analyzed. We will provide COVID-19 impact analysis with the report.
The established players of the global automotive display market are Magneti Marelli S.p.A (Italy), Panasonic Corporation (Japan), LG Display Co. Ltd (South Korea), Delphi Technologies (UK), Visteon Corporation (US), Robert Bosch GmbH (Germany), Continental AG (Germany), Nippon Seiki Co. Ltd (Japan), Qualcomm Technologies Inc (US), 3M Company (US). There are other players that contribute to the market growth. These include Synaptics Incorporated (US), Denso Corporation (Japan), and Nidec Corporation (Japan), among others.
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The worldwide automotive display market can be classified on the basis of technology, display size, applications, and region.
- On the basis of technology, the global automotive display market can be classified into AMOLED, PMOLED, TFT LCD, PMLCD, and others.
- On the basis of display size, the global automotive display market can be classified into 3”-5”, 6”-10”, and >10.”
- On the basis of applications, the global automotive display market can be classified into infotainment, telematics, navigation, and others.
- On the basis of geography, the global automotive display market can be classified into Europe, North America, Asia-Pacific, and the Rest of the World (RoW).
The geographical analysis of Europe, North America, Asia-Pacific, and the Rest of the World (RoW) has been conducted. As per the analysis, Europe is estimated to dominate the global in-vehicle display marker during the review period. The presence of established players like Porche, Lamborgini, Audi, and BME is estimated to drive the display factor during the review period. Among all nations of the region, the UK, Europe, and Germany are estimated to make the maximum participation in the automotive display solution market in Europe.
On the other hand, the Asia-Pacific is estimated to expand at the fastest pace during the forecast period. Japan, South Korea, and Japan are projected to make the most significant participation. Moreover, the presence of established telecommunication industries such as China, Huawei, Bharti Airtel, China Telecom affects the automotive display market in the APAC region.
However, the outbreak of pandemic coronavirus has affected several regional markets. The constant lockdown observed in several regions has changed the market dynamics.
Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Automotive display Market Segmentation
- Automotive display Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
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