Selbyville, Delaware, May 06, 2021 (GLOBE NEWSWIRE) -- Global automotive smart display market size was appraised at USD 10.85 billion in the year 2019 and is likely to reach USD 12 billion by 2027, registering a compound annual growth rate of 6.2% during the estimated timeframe. This explosive expansion can be credited to increasing sales of passenger vehicles, technological advancements in this business space, and growing demand for electric cars.
Additionally, the report offers critical information regarding the market segmentations and their impact on the overall business sphere. A detailed assessment of the regional outlook as well as the competitive spectrum is also included in the study, with an intention to provide entrepreneurs and investors high profitability while investing in new ventures.
For the uninitiated, an automotive display is basically a wireless and touchscreen device that is designed to offer distraction free access to several vehicular functions including navigation, multimedia, engine heat indicators, driver safety features, and tire pressure. Thus, widespread integration of advanced solutions such as navigation systems, car connected features, and multimedia features are stimulating global automotive smart display industry outlook.
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The advent of 5G solutions which offers significantly high speed connectivity is also likely to propel the overall market expansion. However, rising privacy concerns and high occurrence of cyberattacks could potentially hamper global automotive smart display industry remuneration.
A summary of the market segmentations
Global automotive smart display industry is divided into various segments such as by display size, by display technology, and the application scope. In terms of display size, the market is further split into greater than 10, 5-10, and less than 5 segments.
Moving on to display technology, the market is bifurcated into OLED, TFT-LCD, LCD, and others. The application reach of worldwide automotive smart display industry consists of rear seat entertainment, head-up display, center stack, and digital instrument cluster.
An overview of the regional scope
The global scope of operations of this business space involves regions such as North America, Latin America, Asia-Pacific, Europe, and the rest of the world. The country-level fragmentation consists of Canada, United States, United Kingdom, France, Germany, Italy, Spain, India, Japan, China, South Korea, Australia, Mexico, and Brazil among others.
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According to reliable estimations, Asia-Pacific presently holds the largest share in global automotive smart display industry and is likely to showcase continuous growth in the ensuing years, primarily due to the proliferating sales of passenger and commercial vehicles as well as high concentration of market leaders.
Europe, on the other hand, is also predicted to generate significant returns for the industry participants by the year 2027. Factors including technological breakthroughs, shifting preferences towards using state-of-the-art solutions, and rising per capita income are favoring the regional market scenario.
Global Automotive Smart Display Market by Display Size (Revenue, USD Billion, 2017-2027)
- Greater than 10
- 5-10
- Less than 5
Global Automotive Smart Display Market by Display Technology (Revenue, USD Billion, 2017-2027)
- OLED
- TFT-LCD
- LCD
- Others
Global Automotive Smart Display Market Application Terrain (Revenue, USD Billion, 2017-2027)
- Rear Seat Entertainment
- Head-up Display (HUD)
- Center Stack
- Digital Instrument Cluster
Global Automotive Smart Display Market Geographical Spectrum (Revenue, USD Billion, 2017-2027)
North America
- United States
- Canada
Europe
- Germany
- Italy
- France
- Spain
- United Kingdom
- Rest of Europe
Latin America
- Mexico
- Brazil
- Rest of Latin America
Asia-Pacific
- India
- China
- South Korea
- Japan
- Australia
- Rest of Asia-Pacific
Rest of the World
Global Automotive Smart Display Market by Competitive Scope (Revenue, USD Billion, 2017-2027)
- Robert Bosch GmbH
- Visteon Corporation
- Pioneer Corporation
- Samsung Electronics Co. Ltd.
- Panasonic Corporation
- Continental AG
- Nippon Seiki Co. Ltd.
- Hyundai Mobis
- Denso Corporation
- Alps Electric Co. Ltd.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Automotive smart display Market, by Region, 2018-2027 (USD Billion)
1.2.2. Automotive smart display Market, by Display Size, 2018-2027 (USD Billion)
1.2.3. Automotive smart display Market, by Display Technology, 2018-2027 (USD Billion)
1.2.4. Automotive smart display Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive smart display Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive smart display Market Dynamics
3.1. Automotive smart display Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Automotive smart display Market: Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive smart display Market, by Display Size
5.1. Market Snapshot
5.2. Global Automotive smart display Market by Display Size, Performance - Potential Analysis
5.3. Global Automotive smart display Market Estimates & Forecasts by Display Size 2017-2027 (USD Billion)
5.4. Automotive smart display Market, Sub Segment Analysis
5.4.1. Less than 5
5.4.2. 5-10
5.4.3. Greater than 10
Chapter 6. Global Automotive smart display Market, by Display Technology
6.1. Market Snapshot
6.2. Global Automotive smart display Market by Display Technology, Performance - Potential Analysis
6.3. Global Automotive smart display Market Estimates & Forecasts by Display Technology 2017-2027 (USD Billion)
6.4. Automotive smart display Market, Sub Segment Analysis
6.4.1. LCD
6.4.2. TFT-LCD
6.4.3. OLED
6.4.4. Others
Chapter 7. Global Automotive smart display Market, by Application
7.1. Market Snapshot
7.2. Global Automotive smart display Market by Application, Performance - Potential Analysis
7.3. Global Automotive smart display Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
7.4. Automotive smart display Market, Sub Segment Analysis
7.4.1. Digital Instrument Cluster
7.4.2. Centre Stack
7.4.3. Head-up Display (HUD)
7.4.4. Rear Seat Entertainment
Chapter 8. Global Automotive smart display Market, Regional Analysis
Related Report:
Automotive Digital Instrument Cluster Market Size by Display Type (LCD, TFT-LCD, OLED), By Display Size (5-8-inch, 9-11 inch, >12 inch), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast to 2025
Global Automotive Digital Instrument Cluster Market is expected to exceed USD 7 billion by 2025. The growing trend of bigger display in the automotive digital instrument cluster market is anticipated to drive the market in the coming year. Automotive digital instrument clusters are being integrated with an intelligible digital display panel, and therefore is widely being adopted by several luxury carmakers. They offer improved user interface and come with features such as vehicle repair and diagnostic function. In contrast to this, drivers face reading complexity in analog clusters, providing an advantage for the automotive digital instrument cluster market. Economies of scale, in accordance with the manufacturing and maintenance while mass production of vehicles is projected to drive market growth. Several OEMs are focusing on merging driving information with these clusters for the ease of accommodating desired information in a single panel. SoS Platform (system on chip) can exhibit high-quality display for 3D graphics, which is likely to propel the automotive digital instrument cluster market. Bosh is working on 3D digital gauge cluster that will enhance the versatility of various driving functions such as navigation and parking.
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