Increasing Demand for Connected Vehicles drives Smart Display Market

According to the market research report Smart Display Market by Application, Display Size (3"-5", 6"-10", &>10"), Display Technology (LCD, TFT-LCD, & Other Advanced Technologies), Level of Autonomous Driving (Conventional & Semi-autonomous), Vehicle Type, and Region - Global Forecast to 2022, published by MarketsandMarkets™, Increase in adoption of display applications by OEMs in automotive hubs such as U.S. and China and the growing demand for large sized displays such as seen in the Tesla Model S will drive the demand for the smart display market for automotive applications. The base year for the report is 2016 and the forecast year is 2022. The smart display market for automotive is estimated to be USD 5.37 billion in 2017 and is projected to grow at a CAGR of 12.77% during the forecast period.

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The 6"-10" display size is estimated to be the largest segment of the smart display market for automotive applications. OEMs are expanding the size of in-vehicle displays as consumers demand larger display applications in vehicles and digital and virtual automotive functions are developed further. Tesla Motor’s 17-inch capacitive touchscreen center stack display integrates climate control, sunroof control, suspension settings, and advanced navigation with real time updates, connected car features, smartphone sync, and multimedia into a single touchscreen platform.

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Asia-Oceania is estimated to dominate the smart display market for automotive during the forecast period. The region has emerged as a major automotive hub in recent years with the majority of the market share of vehicle production and vehicle sales. The demand for automotive display applications is directly linked to the vehicle production in this region. With the shift of automobile manufacturing plants to developing countries and the region being home to many key companies involved in manufacturing automotive displays, Asia-Oceania is estimated to dominate the automotive display applications market during the forecast period.

Target audience

• Automotive display system manufacturers and component suppliers
• Automotive display panel manufacturers
• Automotive OEMs
• Industry associations and other driver assistance systems manufacturers
• The automobile industry and related end-user industries

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The ecosystem of the smart display market for automotive consists of automotive display system providers such as Robert Bosch GmbH (Germany), Continental AG (Germany), Visteon Corporation (U.S.), Panasonic Corporation (Japan), and Denso Corporation (Japan) among others; and display panel manufacturers such as LG Display (South Korea), Kyocera Corporation (Japan), AU Optronics (Taiwan), and Japan Display Inc. (Japan) among others. These display systems are supplied to automotive OEMs such as BMW Group (Germany), Daimler AG (Germany), Volkswagen AG (Germany), and others.

Contact: Mr. Shelly Singh MarketsandMarkets™ Inc. 630 Dundee Road Suite 430 Northbrook, IL 60062 Usa : 1-888-600-6441 sales@marketsandmarkets.com