Automotive Display System Market: Projected to Reach USD 29.7 Billion by 2031, Growing at a CAGR of 7.7% | Exclusive Report by Transparency Market Research, Inc.
Comunicato Precedente
Comunicato Successivo
Owing to the rising electric vehicle segment, the demand for vehicular displays and other assisting systems is likely to increase. With the growing demand for driver assisting systems in such vehicles, the scope for such displays is likely to enhance.
The development of autonomous driving vehicles is expected to augment the competitive landscape of automotive displays. Transportation solutions have observed a significant shift toward better services, including enhanced driver safety. Owing to such trends in the automobile industry, growth opportunities for the ecosystem are expected to increase.
Request a PDF Sample of this Report Now! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73586
The connectivity of automobiles with different gadgets, including smartphones and other devices, is set to be a pivotal factor in terms of accelerating the growth of the competitive landscape. Navigation systems are gaining momentum in the automotive segment. Owing to the rising integration of such systems in vehicles, leading manufacturers are integrating displays for better consumer comfort. This factor is another crucial industry driver. To enhance the accessibility and usability of the technology, key players in the ecosystem have been innovating and integrating features like voice assistance in systems. Such innovations are augmenting the size of the competitive space.
The focus on the enhancement of infotainment systems is expected to shape the future of the said sector. The regulatory landscape is another pivotal factor, which supports the growth of the industry. Owing to the growing disposable income levels of individuals, the preference for premium and luxury models is observed to have increased. Consumers choose high-end models, which are equipped with advanced technology. This trend is driving the demand for digital displays in vehicles, driving the ecosystem.
Download PDF Sample Brochure for Industry Insights! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73586
Analyst Insights: Driving Trends in the Automotive Display Market
The compounded annual growth rate of 7% till 2034 for the global automotive display market can be attributed to growing consumer preferences for connected vehicles and technologically advanced in-vehicle systems such as infotainment systems, and others. Increasing demand for automotive displays in major car-producing countries in Asia Pacific created revenue of USD 15 Bn in 2023 for the global automotive displays market.
Consumers prefer new display technology including OLED and AMOLED displays owing to better color contrast and versatility. Adoption of display systems is higher in luxury/ premium vehicles and since 2020 the production of luxury vehicles has increased at Y-o-Y of 5%. Earlier, luxury car manufacturers including BMW, Lexus, and Audi, have integrated technologically advanced large display systems in their vehicles. However, the trend of large-size displays is normalized in mid-range vehicles as well increasing the average size of the display in 2024 to 8.4 inches, a sudden increase of 16.7% from 2018.
Major automotive manufacturing hub such as China, the U. S., Germany, and Japan has a presence of many display manufacturers leading to low bargaining power of suppliers. However, product differentiation through improved performance and increased features could be advantageous to cater to growing demand. In January 2024, LG display introduced switchable privacy mode (SPM), which enables adjustment of display viewing sight away from the driver's line of sight while allowing front passenger access to content and ensuring the driver's alertness to avoid any fatal accidents.
Key Findings from the Market Report
Regional Profile
Automotive Display Market Report Scope:
Competitive Landscape
Leading players in the automotive display system market expand using many key strategies, including mergers, acquisitions, collaborations, and partnerships. New entrants, on the other hand, expand using strategic alliances, innovations, and differentiation.
Key Players
Key Developments in the Automotive Display System Market
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=73586<ype=S
Market Segmentation
Display Technology
Display Size
Display Resolution
Application
Vehicle Type
Sales Channel
Region
More Trending Reports by Transparency Market Research -
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: [email protected]
Follow Us: LinkedIn|
Twitter|
Blog | YouTube
View original content:
