The North America Automotive Smart Display Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027). There is a high adoption rate of smart displays in automotive applications. Presently, the market depends on the demand patterns in the automobile sector, the growth toward emerging autonomous vehicles, technological developments in cockpit electronics, and buyer inclinations. In addition, smart displays are crucial in creating critical driver assistance functions available on a single-touchscreen platform.
Technologies like advanced infotainment systems, central controllers, head-up displays, gesture control systems, telematics, and steering-mounted controls are highly utilized in passenger vehicles for safety, luxury, comfort, and security advantages. The governments of various countries around the world are formulating standards and norms regarding vehicle safety and security. This has augmented the demand for electronic devices, such as smart displays, around the world.
The in-vehicle infotainment systems and electronic elements play an important role, specifically for commuters, excursionists, travellers, and mobile workers. The cockpit electronics technology patterns and innovation assist in improving the driver and passenger experience in vehicles. The growth of the global automotive smart display market is expected to boost due to a surge in size, quality, and number of displays in cockpit electronics. Moreover, the market would witness bright prospects due to the incorporation of voice recognition, AI-enhanced agent, and natural-language processing to improve the experience of the autonomous vehicle. Tier 1 suppliers and automotive OEMs are increasingly adopting driver monitoring systems technologies.
The US market dominated the North America More than 10 inches Automotive Smart Display Market by Country in 2020, thereby, achieving a market value of $544.1 million by 2027. The Canada market is experiencing a CAGR of 10.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 9.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Smart Display Market is Estimated to Reach USD 16.4 Billion by 2027 at a CAGR of 6%
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.
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