Registering a CAGR of 20.1% over the forecast period of 2022-2027, the global Automotive Smart Display market size is anticipated to reach the market value of USD 2634.9 million in the year 2027 from USD 709.5 million in the year 2021.
Automotive Smart Display Market Overview
An automotive smart display is one of these innovative developments, highly commended by customers nowadays. An automotive smart display is anticipated to replace traditional automobile displays in the coming years. The automotive smart display contains of indicators and other displays in the instrument panel, and can even be providing for the rear seat passengers. Navigation systems, radio and audio, and board computers are also involved within the automotive smart display. The term ‘smart’ is used with these displays because apart from providing all traditional display functions, these can also be associated to the internet via Wi-Fi. One of the best applications where the automotive smart display is being used is in cabs and taxis. Nowadays, cabs are connected with automotive smart displays for the purpose of navigation. A very popular acronym that is being used nowadays is V2E (Vehicle to Everything), which refers to the changing trends in the automobile industry, and the automotive smart display is a huge part of this revolution.
Who are the Major Players in Automotive Smart Display Market?
The global Automotive Smart Display Market includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Continental, LG Display, DENSO, Panasonic Corporation, Magna International, Automotive, YAZAKI Corporation, Kyocera International, Pioneer Corporation, Alpine Electronics.
Industry News and Development:
In January 2021, Panasonic Automotive Systems Company, a tier-one global automotive supplier, has declared the launch of the world's first fully wireless Wi-Fi camera that offers convenience, durability, and improved ease of use for recreational hauling.
In June 2021, Pioneer Corporation and Cerence Inc. announced that they have committed to establishing a strategic partnership to develop scalable, secure, AI-powered mobility products and services.
In November 2020, Denso Corporation, a leading mobility supplier, participated in Lambda:4, a German company that develops wireless technologies for short-range applications using Bluetooth Low Energy. This will help DENSO enhance the location accuracy and user authentication capabilities of its passive digital key.
What are the major Applications, Types and Regions for Automotive Smart Display Market?
Automotive Smart Display Market is segmented based on the Type, Applications and Regions.
By Type, it is segmented into
By Applications, it is segmented into
- Commercial Vehicles
- Passenger Vehicles
Automotive Smart Display Market Regional Analysis
North America is anticipated to account for the second-largest share in terms of revenue. The high purchasing power of consumers in Canada and the United States has led to improved demand for passenger cars in these countries. Also, the increasing demand for advanced electronic and vehicle connectivity systems such as infotainment, telematics, and V2V and V2I features and the rising need for enhanced safety and comfort in vehicles is driving market growth in this region. Europe is anticipated to show lucrative growth in the global market in the coming years. The rapid adoption of advanced technologies such as 5G connectivity will help the region to showcase healthy growth in the market.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Automotive Smart Display Market report scope?
Scope of the Report covers Automotive Smart Display Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Automotive Smart Display Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Key Takeaways from this Automotive Smart Display Report
- Evaluate Automotive Smart Display market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Automotive Smart Display market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
