Automotive Smart Display Market Overview
The global Automotive Smart Display Market was worth US$ xx million in 2021 and is estimated to reach US$ xx million by the end of 2026, growing at a robust CAGR.
The Automotive Smart Display is a type of display device designed to improve the safety of the occupants and drivers of the vehicle. It is a battery-based wireless system and is usually installed in personal and commercial vehicles. Available sizes of smart car screens vary from 3 inches to 15 inches. The availability of different types of smart display devices used in various applications, depending on the vehicle, is increasing the propensity of the consumer to use.
Automotive Smart Display Market Recent Developments
In January 2017, Bosch developed a new dual-view information and entertainment screen, which simultaneously shows two programs for the driver and passenger in the front seat. This screen offers superior image quality and twice the functionality of traditional single-view screens without taking up additional space.
Developed jointly by Mercedes-Benz and Bosch for the Mercedes E-Class model, the "SplitView" display offers additional vehicle features and more information and entertainment convenience.
By 2020, the new Bosch system means more driving comfort. Internal monitoring cameras let you know who can preset rearview mirrors, seating positions, steering wheel height and information, and entertainment system to suit personal taste. The camera can also be used to control eye and hand gestures in infotainment systems.
In November 2016, Panasonic Corporation developed a new liquid crystal panel that can achieve a contrast ratio of more than 1,000,000: 1. The improved contrast ratio is 600 times compared to conventional liquid crystal panels. The new liquid crystal panel makes dark objects appear darker and brighter.
In August 2016: Continental AG developed a 4.2-inch TFT cluster for the Borgward BX7 in cooperation with Borgward. This cluster is the ultra-wide angle with high resolution (480x727) and a high contrast ratio.
Automotive Smart Display Market Growth
Factors such as the introduction of stricter safety standards, advances in screen technology and the appearance of connected cars are pushing the global Automotive Smart Display Market.
The growing demand for vehicles with convenient and comfortable features is an essential driver of the growth of the global Automotive Smart Display industry. Furthermore, increasing the adoption of cars with advanced safety technology and security solutions is another factor that supports the growth of the worldwide market. The growing demand for cars connected with features such as Internet access and vehicle-to-vehicle communications, vehicle-to-infrastructure communications and cloud communications is expected to drive growth in the target market.
In addition, improved security through the use of smart mirror applications in rearview and side mirror locations is likely to drive the growth of the global Automotive Smart Display business in the near future. The growing demand for autonomous and semi-autonomous vehicles has been the driving force behind the automotive smart display market. Also, the need for convenience and safety features is expected to drive the growth of this market. In many countries, the government has established regulations on automotive safety and essential GPS systems for commercial vehicles. However, as the adoption of electric and semi-autonomous cars increases, players in the target market can create high-income opportunities.
However, the high cost of smart car screens is a factor that can hamper the growth of the global market. The average disposable income of people is increasing, but most people cannot afford it. Being a new technology, the cost of installing smart screens for cars in vehicles will be high.
Automotive Smart Display Market Segmentation:
Based on the type, the touchscreen segment of the central console dominates the global market in terms of revenue and is supposed to maintain control during the forecast period. Government regulations on the installation of global positioning systems in vehicles and the adoption of central console touch screens on passenger cards in several countries are factors that drive the growth of this sector in the global market.
Depending on the screen size, the automotive smart display market is divided into > 10", 6"-10", and 3"-5".
Depending on the type of display technology, the automotive smart display market is divided into TFT-LCD and LCD.
By the vehicle type, the passenger car segment is presumed to record high sales growth during the forecast period. It is economical and convenient for people to increase the demand for passenger cars, which is a factor that supports the growth of this sector. Besides, the high disposable income among people in emerging countries is another factor that is foreseen to promote the growth of this sector in the target market.
Automotive Smart Display Market Regional Analysis
The Asia-Pacific automotive smart display market is expected to play an essential role in terms of revenue during the forecast period. The growing demand for vehicles, together with the production of cars produced by manufacturers in developing countries such as China and India, is the driving force behind the growth of the target market in this region. In addition, the presence of smart screen manufacturers in Japan, Korea, and China is another factor that supports the growth of the automotive smart display business in the Asia-Pacific region. The North American automotive smart display market is expected to have the second-largest share of sales in the near future, followed by Europe, Latin America, the Middle East, and Africa.
Panasonic has launched a new concept technology called Panasonic Autonomous Cabin. Inside the room, there are four panels and a table with an interactive digital display system that offers functions such as facial recognition, navigation, and other entertainment functions.
The global automotive smart display market is led by major players such as LG Display Co., Ltd., Pioneer Corporation, Continental AG, Denso Corporation., Robert Bosch GmbH, Magna International Inc., Panasonic Corporation, Automotive LLP, Kyocera International, Inc., YAZAKI Corporation and Others.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Smart Display Market, By Type
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Automotive Smart Display Market, By Screen Size
6.2.3 > 10"
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Automotive Smart Display Market, By Display Technology
6.3.1 TFT- LCD
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Automotive Smart Display Market, By Vehicle Type
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Screen Size
7.2.4 By Display Technology
7.2.5 By Vehicle Type
7.3.1 By Country
184.108.40.206 Rest of Europe
7.3.2 By Type
7.3.3 By Screen Size
7.3.4 By Display Technology
7.3.5 By Vehicle Type
7.4 Asia Pacific
7.4.1 By Country
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Screen Size
7.4.4 By Display Technology
7.4.5 By Vehicle Type
7.5 Latin America
7.5.1 By Country
188.8.131.52 Rest of Latin America
7.5.2 By Type
7.5.3 By Screen Size
7.5.4 By Display Technology
7.5.5 By Vehicle Type
7.6 Middle East and Africa
7.6.1 By Country
184.108.40.206 Middle East
7.6.2 By Type
7.6.3 By Screen Size
7.6.4 By Display Technology
7.6.5 By Vehicle Type
8. Key Player Analysis
8.1 Denso Corporation
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Continental AG
8.3 Robert Bosch GmbH
8.4 LG Display Co. Ltd
8.5 Pioneer Corporation
8.6 Panasonic Corporation
8.7 Magna International Inc.
8.8 Automotive LLP
8.9 Kyocera International Inc.
8.10 Yazaki Corporation
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures