Automotive Display Market is estimated to show a growth in the CAGR by 8.3 % during the forecasted period of 2018 to 2025. Not just this but the value is also estimated to reach USD 20.2 billion by the year 2025.
Automotive Display Market Overview
Increasing demand for automotive displays integrated with features such as infotainment, telematics and navigation among others is expected to drive the market during forecast period. The market has several opportunities such as ongoing development of electric vehicles and semi-autonomous automobiles and new smart mirror and entertainment applications among others. Tier 1 players such as Panasonic Corporation, Texas instruments, and Qualcomm Technologies are developing high-end automotive displays integrated with navigation, entertainment, and many other features into automotive displays which are attracting consumers on high scale.
The increasing focus on introducing innovative and efficient printing materials to provide lightweight spare parts, reducing material wastage and lowering the turnaround time is driving the expansion of the global Automotive Display market. The increasing government support for research and development in 3D printing technology is likely to impact positively on the growth of the global Automotive Display market.
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Globally Major key Players accelerates the Automotive Display Market are,
- LG Display Co. Ltd (South Korea)
- Panasonic Corporation (Japan)
- Delphi Technologies (UK)
- Robert Bosch GmbH (Germany)
- Visteon Corporation (US)
- Continental AG (Germany)
- 3M Company (US)
- Nippon Seiki Co. Ltd (Japan)
- Magneti Marelli S.p.A (Italy)
- and Qualcomm Technologies Inc (US)
Most important Segments of Automotive Display market covered in this report are,
The automotive Automotive Display market has been segregated on the grounds of the type, display size and Application.
- TFT LCD
By Display Size
Automotive Display Industry Influence of the global market report:
- Comprehensive assessment of all opportunities and risks in the Automotive Display Market.
- Automotive Display Market recent innovations and major events.
- A detailed study of business strategies for the growth of the Automotive Display Market market-leading players.
- Conclusive study about the growth plot of Automotive Display Market for forthcoming years.
- In-depth understanding of Automotive Display Market, market-particular drivers, constraints, and major micro markets.
- Favorable impression inside vital technological and market latest trends striking the Automotive Display Market.
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The global Automotive Display market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.
Automotive Display Market Regional Analysis
The global market for automotive display is expected to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of automotive display market is done for North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to be at fastest growing market during forecast period. Due to presence of developed economies such as Japan, China, and South Korea, the market is expected to grow in the region leading to market growth. Presence of companies such as LG display Co. Ltd, Panasonic Corporation drives the automotive display market in Asia-Pacific.
Europe is expected to dominate the global automotive display market during the forecast period. Germany, the UK, and France are expected to dominate the automotive display market in Europe. Large number of premium car manufacturers such as Bugati and Bentley are expected to drive the automotive display market in Europe.
North America is also expected to grow at faster rate during forecast period due to early adoption of trending technologies such as artificial intelligance and IoT and better infrastructure to deploy these technologies.
Automotive Display market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.
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