Revenues from Automotive Smart Display Market to top USD 9.80 Billion by 2022

The automotive smart display market is estimated to be USD 5.37 billion in 2017 and is projected to grow at a CAGR of 12.77% during the forecast period

(EMAILWIRE.COM, June 02, 2019 ) According to the market research report Automotive Smart Display Market by Application, Display Size (3”-5”, 6”-10”, & >10”), Display Technology (LCD, TFT-LCD, & Other Advanced Technologies), Level of Autonomous Driving (Conventional & Semi-autonomous), Vehicle Type, and Region — Global Forecast to 2022, published by MarketsandMarkets™, Increase in adoption of display applications by OEMs in automotive hubs such as U.S. and China and the growing demand for large-sized displays such as seen in the Tesla Model S will drive the demand for the automotive Smart Display Market for automotive applications. The base year for the report is 2016 and the forecast year is 2022.

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With the advancement of technology, the automotive display applications have witnessed rapid evolution during the last decade. Growing in-vehicle safety and comfort functions have contributed to the growth of automotive display applications that are now offered by OEMs. In many countries, government regulations such as mandatory in-vehicle GPS systems for commercial vehicles and mandatory rear-view sensors and back up cameras in passenger cars are expected to increase the market for advanced center stack touchscreen displays in vehicles. In the case of commercial vehicles, display applications are used for navigation purpose and telematics.

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The 6”-10” display size is estimated to be the largest segment of the automotive Smart Display Market for automotive applications. OEMs are expanding the size of in-vehicle displays as consumers demand larger display applications in vehicles and digital and virtual automotive functions are developed further. Tesla Motor’s 17-inch capacitive touchscreen center stack display integrates climate control, sunroof control, suspension settings, and advanced navigation with real time updates, connected car features, smartphone sync, and multimedia into a single touchscreen platform.

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The research methodology used in the automotive smart display market study involves primary and secondary sources and follows bottom-up and top-down approaches for the purpose of data triangulation. The study involves country-level OEM and model-wise analysis of the smart display applications for automotive. This analysis involves historical trends as well as existing penetrations by country as well as vehicle type. The analysis is projected based on various factors such as growth trends in vehicle production and regulations or mandates on implementation of automotive electronics that drive the display application market, among others.

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Target audience

· Automotive display system manufacturers and component suppliers

· Automotive display panel manufacturers

· Automotive OEMs

· Industry associations and other driver assistance systems manufacturers

The automobile industry and related end-user industries

The automotive smart display market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Continental AG (Germany), Robert Bosch GmbH (Germany), Panasonic Corporation (Japan), and Visteon Corporation (U.S.).

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