At 12+% CAGR, Smart Display Market for Automotive Potentially Worth $9.80 Billion by 2022 Led by Light Duty Vehicle Segment

PUNE, India, July 23, 2017 /PRNewswire-iReach/ -- The light duty vehicle segment is estimated to dominate the smart display market for automotive. According to the Organization Internationale des Constructeurs d'Automobiles (OICA), the global new passenger car sales increased from 55.8 million units in 2010 to 69.4 million units in 2016. The increase in the number of passenger cars, combined with increasing adoption of display applications, makes passenger cars the highest contributor to the smart display light duty vehicle segment. The rapid increase in the adoption of safety and comfort systems in passenger cars plays a significant role in the increasing demand for display applications in passenger cars. The display function, combined with other active and passive safety systems, assists a driver in avoiding crashes and protects passengers during accidents. Complete report on "Smart Display Market for Automotive" spread across 206 pages, profiling 16 companies and supported with 81 tables and 62 figures is now available athttp://www.rnrmarketresearch.com/smart-display-market-for-automotive-by-application-display-size-3-5-6-10-10-display-technology-lcd-tft-lcd-other-advanced-technologies-level-of-autonomous-driving-conventional-semi-st-to-2022-market-report.html .

The semi-autonomous is the fastest growing segment of the smart display market for automotive, by level of autonomous driving. The penetration of semi-autonomous vehicles is anticipated to rise in the coming years due to an increase in the electrification of vehicle components and use of smart automotive components that assist the driver in a more comfortable and safe drive. In addition, technologically driven companies and OEMs are collaborating to make semi-autonomous and autonomous vehicles a safe mode of transportation, thereby engaging consumer curiosity. With development in level of autonomous driving, vehicles will be equipped with a number of automotive smart displays that will be larger and provide advanced driver assistance on a single touch screen platform.

With increasing progress and advancements in autonomous and electric vehicles, which are expected to be equipped with larger and advanced displays of flexible designs, the market for advanced display technologies for automotive displays is estimated to grow at the fastest rate. Rapid technological advancement and increasing consumer demand for automotive display features are expected to fuel the demand for the smart display market for automotive. Earlier, the share of electronic systems in vehicles was only 1–2% of the vehicle cost. However, due to the rising trend of enhanced driver and passenger experience and convenience features, the share of electronic systems has increased to 8–12% of the total vehicle cost. Consumer preference for these features is a key driving force for the growth of digital cockpit display applications. Automotive displays are expected to play a greater role in electric cars, semi-autonomous, and concept cars with latest technologies and radical designs. The growth of such technologies could escalate the role of the display functions and systems in cars, which would increase the demand for advanced automotive displays.

OLED, AMOLED: Fastest growing display technology of the smart display market for automotive. The other advanced display technologies, such as OLED, AMOLED, etc. are widely used in consumer electronics applications, such as television displays, smart phones, and others. These advanced display technologies allow flexibility in design and color and provide an enhanced visual appeal. They offer superior quality images and brighter displays as compared to LCD and TFT-LCD display panels. However, these display technologies are not frequently used in automotive applications due to low temperature resistance offered by these panels. Advanced display technologies are also less durable as compared to LCD and TFT-LCD technologies for automotive functions.

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The ecosystem of the smart display market for automotive consists of automotive display system providers such as Robert Bosch GmbH (Germany), Continental AG (Germany), Visteon Corporation (U.S.), Panasonic Corporation (Japan), and Denso Corporation (Japan) among others; and display panel manufacturers such as LG Display (South Korea), Kyocera Corporation (Japan), AU Optronics (Taiwan), and Japan Display Inc. (Japan) among others. These display systems are supplied to automotive OEMs such as BMW Group (Germany), Daimler AG (Germany) and Volkswagen AG (Germany).Download PDF Brochure "Smart Display Market for Automotive 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" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1142769 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (32%), Tier 2 (45%) and OEM (23%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (35%), Director Level (25%) and others (40%) from various key organizations operating in the smart display market for automotive. The primary interviews were conducted worldwide covering regions such as North America (40%), Europe (35%), Asia-Oceania (20%), and RoW (5%).

On a related note, another research titled Cockpit Electronics Market for Automotive Global Forecast to 2022says, the global automotive cockpit electronics market is projected to reach a market size of $51.54 billion by 2022, growing at a CAGR of 8.60% from 2017 to 2022. Companies such as Alpine Electronics, Inc., Clarion, Continental AG, Delphi Automotive PLC, Denso Corporation, Garmin International, Inc., Harman International, Magneti Marelli S.p.A., Nippon Seiki Co., Ltd, Panasonic Corporation, Pioneer Corporation, Robert Bosch GmBH, TomTom International BV, Visteon Corporation, Yazaki Corporation have been profiled in this 209 pages research report available at http://www.rnrmarketresearch.com/cockpit-electronics-market-for-automotive-by-product-hud-information-display-infotainment-navigation-instrument-cluster-and-telematics-type-basic-and-advanced-end-market-fuel-type-and-region-global-f-st-to-2022-market-report.html .

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