Global Automotive Smart Display Market Report 2022
The major players in the automotive smart display market are Robert Bosch GmbH, Continental AG, DENSO Corporation, Visteon Corporation, Nippon Seiki, Panasonic, Pioneer, Yazaki, Alps Alpine Co. Ltd., Hyundai Mobis, LG Display Co.
New York, July 5 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Automotive Smart Display Global Market Report 2022” – https://www.reportlinker.com/p06290044/?utm_source=GNW
Ltd, Valeo SA, Magna International Inc, Delphi Automotive PLC, AU Optronics, Japan Display Inc., Kyocera Display, Gentex Corporation and Garmin Ltd.
The global automotive smart display market is expected to grow from $7.81 billion in 2021 to $8.81 billion in 2022 at a compound annual growth rate (CAGR) of 12.8%. The automotive smart display market is expected to reach $12.71 billion in 2026 with a CAGR of 9.6%.
The automotive smart display market includes sales of automotive smart display services by entities (organizations, independent marketers, and partnerships) that are used to improve the safety and security of residents in the vehicle. Automotive smart display monitor refers to a touchscreen system used in vehicles to provide hands-free access to multimedia management, driver safety features, navigation and real-time automotive diagnostics such as battery temperature, fuel power, tire strength and engine warm-up indications.
The main types of vehicles in automotive smart displays are passenger cars, light commercial vehicles and heavy commercial vehicles. The passenger car is a multitrack vehicle with at least two wheels, a driver and four wheels in most cases.
Its main purpose is to transport passengers. Different screen sizes include 10″ which use different display technologies such as LCD, TFT-LCD, OLED and others. The different types of autonomous driving include semi-autonomous and autonomous and are used in many applications such as digital instrument clusters, the center console, head-up display (hud), rear entertainment, etc.
Asia-Pacific was the largest region in Automotive Smart Display Market in 2021. Regions covered in Automotive Smart Display Market report are Asia-Pacific, Western Europe, Eastern Europe East, North America, South America, the Middle East and Africa.
The Automotive Smart Display Market research report is one of a series of new reports that provide statistics on the Automotive Smart Display market, including the global Automotive Smart Display market size, regional shares, competitors holding Automotive Smart Display market share, detailed segments of the Automotive Smart Display market. , market trends and opportunities, and any other data you may require to thrive in the Automotive Smart Display industry. This Automotive Smart Display Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The growing demand for semi-autonomous and autonomous vehicles is expected to propel the growth of the automotive smart display market in the future. Semi-autonomous and autonomous vehicles are autonomous vehicles that can accelerate, decelerate and stop without human intervention.
A smart display is used in semi-autonomous and autonomous vehicles for vehicle detection. These smart displays will show vehicles and objects behind the vehicles which will be helpful when reversing.
For example, in 2021, according to Crunchbase, a US-based prospecting platform for traders, Waymo LLC, a US-based self-driving technology development company, raised a total of $5.5 billion in funding for autonomous vehicles. Additionally, in 2020, Tesla, an American auto and clean energy company, raised a total of $20.2 billion in funding. Hence, the growing demand for semi-autonomous and autonomous vehicles is driving the automotive smart display market.
Technological advancements have become the key trend gaining popularity in the automotive smart display market. Major companies operating in the automotive smart display sector are focusing on developing technologies such as 5G technology and wireless technology to meet consumer demand.
Automotive applications can be integrated with smart display systems using 5G. development of the 5G embedded platform.
This 5g technology helps more efficient use of sensors in cars and will provide a better view of automotive smart display. It also contributes to vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication.
In December 2020, Hyundai Mobis, a South Korean company engaged in manufacturing automotive parts and components, acquired Hyundai Autron for $122 million. Through this acquisition, Hyundai Mobis aims to expand its semiconductor design, development and verification capabilities. for vehicles, as well as to differentiate its integrated control technology in the future automotive market.
Hyundai Autron is a South Korea-based company that manufactures smart displays.
The countries covered in the Automotive Smart Display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
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