A recent report published by Infinium Global Research on
automotive display system market provides in-depth analysis of segments and
sub-segments in the global as well as regional automotive display system
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional automotive display system market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of global automotive display system market.
According to the report, the global automotive display system market is
projected to grow at a CAGR of 20.57% over the forecast period of 2019-2025.
The automotive display system is becoming a very important
aspect of the vehicle’s interior. Nowadays digital displays are taking place of
the analog components such as virtual speedometers and center console controls.
Recently, continental AG developed a unique concept, the eHorizon system uses a
thin adaptable faceplate and a curved integrated centrestack to offer an innovative way of merging improved online data and driver HMI. The driver is
free to move content from display to digital instrument cluster as required,
allowing them to select the appropriate information and where it will appear on
the vehicle’s several displays.
Increasing government support for road safety and taking
initiative for the mandatory GPS system due to the growing number of road
accident fuels the growth of the global automotive display system market. The emergence of new technologies such as augmented reality and growing adoption of
smart displays drive the growth for the automotive display system market.
Growing adoption of autonomous vehicle and connected vehicles boost the growth
of the market. On the other hand, the high cost associated with the raw
materials and displays may hamper the growth of the global automotive display
system market. Moreover, new product innovations and technological advancement
in the automotive industry create an opportunity for the growth of the global
automotive display system market.
Geographically, North America region dominates by the
largest market share in the automotive display system market due to the
adoption of advanced technologies and the emergence of connected or autonomous
vehicles. The U.S is accounted for the largest market share followed by Canada
and Mexico. Moreover, the Asia-Pacific region expected to boost the growth of
the automotive display system market due to the presence of the major players
such as Alpine Electronics, Inc., Panasonic Corporation, LG Display Co., Ltd.
and other manufacturers as well as the development of autonomous or connected
vehicles. In Asia-Pacific, China holds the highest share followed by Japan and
India. An increasing number of vehicle sales in China fuels the growth of the
automotive display system market.
The report on global automotive display system market covers
segments such as type, and module. On the basis of type, the sub-markets
include center stack display (CSD), center information display (CID), head-up
display (HUD), and other types. On the basis of module, the sub-markets include
active display, and passive display.
The report provides profiles of the companies in the market
such as Delphi Technologies, Panasonic Corporation, Robert Bosch GmbH, Alpine
Electronics, Inc., Continental AG, LG Display Co., Ltd., Garmin Ltd., Nippon
Seiki Co., Ltd., and Yazaki Corporation.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the automotive
display system market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.