Published Date: 12-May-2021
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Automotive Smart Display Market, published by KBV research, The Global Automotive Smart Display Market size is expected to reach $16.4 billion by 2027, rising at a market growth of 6% CAGR during the forecast period.
The greater than 10” smart display segment would witness a higher growth rate during the forecast period. The segment is highly fueled by applications in electric vehicles, premium cars, and semi-autonomous and autonomous cars. A surge in the demand for autonomous, semi-autonomous, and electric vehicles would boost the demand for larger than 10” smart displays. The greater than 10” displays in electric vehicles allow the incorporation of every feature into one display. These displays help different features like climate control, suspension settings, driving mode settings, and other driver-controlled functions accessible at the touch of a screen.
The TFT-LCD display segment obtained the highest revenue share in 2020. LCD and TFT-LCDs are generally utilized in display applications as they fulfill the durability and temperature regulations. Based on the range of temperature needed and the function of the display, makers utilize a combination of TFT and LCD in a vehicle. LCD panels are used in the basic instrument cluster, rear-seat entertainment touchscreen display, and center stack touchscreen display. Advanced applications are equipped with TFT-LCD due to its improved visual quality.
In 2020, Asia-Pacific emerged as the leading region in the global automotive smart display market. The region would observe the maximum growth rate during the forecast period. China garnered approximately 50% of the passenger vehicle sales in the region. The country was at the top position in passenger car manufacturing and sales, with 21.3 million units and 21.4 million units, respectively, in 2019. Panasonic Corporation, Alps Alpine Co., Ltd., and Hyundai Mobis are some of the leading players in the market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
Unique Offerings from KBV Research