Market Research Future Insights
The automotive display market has been growing rapidly in recent years due to the increasing demand for advanced infotainment systems and the integration of advanced driver assistance systems (ADAS) in vehicles. Automotive displays include instrument clusters, head-up displays, center stack displays, and rear-seat entertainment displays. These displays are used to provide information and entertainment to drivers and passengers and to enhance the driving experience.
One of the key drivers of the automotive display market is the increasing demand for connected cars. With the increasing adoption of smartphones and other mobile devices, drivers and passengers expect their cars to be connected to the internet and to provide access to a wide range of services, including navigation, music streaming, and social media. Automotive displays play a crucial role in providing these services and enhancing the overall driving experience.
According to MRFR analysis, the global Automotive Display Market is expected to register a CAGR of ~7.48% from 2022 to 2030 and hold a value of over USD 16.2 Billion by 2030.
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An automotive display that can access navigation is called an automobile display. With the help of driver safety features, it guides you through the roots without causing you to become distracted. It also includes extra engine heat indications and tire pressure indicators. Aside from security issues, the organization also offers solutions for connection, entertainment, and battery innovation issues with services like audio, robotics, and electronics connectivity.
During the lockdown, every firm, no matter how little, medium-sized, or large, is experiencing losses. The main reason is that there are people available for manufacturing and production, but no clients are available since everything is shut down. However, it is anticipated that conditions will improve by 2022 when the vaccine procedure gets underway.
Regional Analysis
Europe is anticipated to control the majority of market revenue. Due to the vast number of automakers, including Audi, BMW, Porsche, and Lamborghini, Europe is expected to see the highest market growth throughout the anticipated period. The market value is most likely to increase steadily as a result of all these branded vehicles. It is anticipated that nations like Germany, France, and the UK would exert some dominance in the European markets for vehicle display systems.
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Market Segmentation
The Global Automotive Display Market has been segmented into Type, Display Size, and Application
Based on the Type, the market has been segmented into TFT LCD, PMOLED, and AMOLED.
Based on the Display Size, the market has been segmented into 3”-5”, 6”-10”, and10.
Based on the Application, the market has been segmented into Telematics, Navigation, and Infotainment.
Key Players
Some of the key market players are LG Display Co. Ltd, Panasonic Corporation, Delphi Technologies, Robert Bosch, Visteon Corporation, Continental, 3M Company, Nippon Seiki Co. Ltd, Magneti Marelli, and Qualcomm Technologies Inc.
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