LAMEA Automotive Smart Display Market By Size (5 inches to 10 inches, less than 5 inches and More than 10 inches), By Technology (TFT-LCD, LCD, OLED and Others), By Application (Center Stack, Digital Instrument Cluster, Head-up Display (HUD) and Rear Seat Entertainment), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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The Latin America, Middle East and Africa Automotive Smart Display Market would witness market growth of 7.1% CAGR during the forecast period (2021-2027). The compatibility of the smartphone with infotainment systems, like Android Auto, Spotify, and Apple CarPlay, will boost the demand for smart displays in vehicles. Both Android Auto and Apple CarPlay are the same in the manner that they include the utilization of smartphones to run the operating systems, which have been optimized for road applications.
The systems allow simple navigation, incorporation of advanced function with cockpit electronics, simple access to music, phone call management, etc., everything without distracting the driver. Both the operating systems even incorporate voice assistants, like Apple Siri and Google Assistant, to provide a hands-free experience. Cars should have a suitable kit in order to run the operating systems, and more makers are adopting them, frequently enabling a support feature as a standard inclusion on their infotainment systems or at least as an option.
Apart from the rising usage of wireless technology, the emergence of 5G technology would present many avenues for the automotive smart display market. 5G provides high-speed internet, which aids in incorporating automotive smart display systems with innovative applications, like virtual reality (VR), augmented reality (AR), cloud gaming, and media streaming. These applications will need superior quality display screens, which will support the demand for automotive smart displays.
The Brazil market dominated the LAMEA TFT-LCD Automotive Smart Display Market by Country in 2020, thereby, achieving a market value of $141.1 million by 2027. The Argentina market would witness a CAGR of 7.4% during (2021 - 2027). Additionally, The UAE market is experiencing a CAGR of 6.5% during (2021 - 2027).
Based on Size, the market is segmented into 5 inches to 10 inches, less than 5 inches and More than 10 inches. Based on Technology, the market is segmented into TFT-LCD, LCD, OLED and Others. Based on Application, the market is segmented into Center Stack, Digital Instrument Cluster, Head-up Display (HUD) and Rear Seat Entertainment. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Panasonic Corporation, Continental AG, Samsung Electronics Co., Ltd. (Samsung Group), Denso Corporation, Alps Alpine Co., Ltd., LG Display Co., Ltd. (LG Corporation), Hyundai Motor Company, Visteon Corporation, and Nippon Seiki Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
- 5 inches to 10 inches
- less than 5 inches
- More than 10 inches
- Center Stack
- Digital Instrument Cluster
- Head-up Display (HUD)
- Rear Seat Entertainment
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Panasonic Corporation
- Continental AG
- Samsung Electronics Co., Ltd. (Samsung Group)
- Denso Corporation
- Alps Alpine Co., Ltd.
- LG Display Co., Ltd. (LG Corporation)
- Hyundai Motor Company
- Visteon Corporation
- Nippon Seiki Co., Ltd.
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