Global automotive display market expanding
A research report by MarketResearch.biz offers a holistic view of the global automotive display systems market through systematic segmentation that covers every aspect of the target market. The report, "Global Automotive Display Systems Market By Display Types (Center Stack Display, Camera Information Display, DID-NR, Reconfigurable Instrument Cluster, Rear Seat Entertainment System Displays, Head-Up Display) By Region - Global Forecast To 2026," projects that the first five-year cumulative revenue (2017-2021) will be $1,01,427.2 million. Revenue is expected to increase significantly over the latter part of the five-year forecast period.
According to the report, rising demand for connected vehicles is the major factor driving growth of the global automotive display systems market. Additionally, increasing demand for larger displays is expected to drive growth of the market. Other factors driving market growth include decreasing prices of liquid-crystal displays (LCDs) and organic LCDs (OLCDs), technological advancements and innovations in automotive industries, and increasing adoption of smart devices. Customers currently purchase products that not only offer more functionality, but also focus on aesthetic appeal that best suits their individual tastes.
However, rising adoption of personal mobile devices, high cost of automotive display systems, and concerns regarding systems failure are some major factors restraining growth of the global automotive display systems market.
A major and growing trend, particularly in developed countries, is increasing development of next-generation micro-display technology and rising adoption of active-matrix organic light-emitting diode (AMOLED) technologies.
This trend is expected to create a wider scope of potential opportunities for key players in the market in the future. Manufacturers can capitalize on these opportunities by developing advanced automotive display systems that offer additional and unique functionalities and features that make driving safer.
The report comprises a forecast of the global automotive display systems market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global automotive display systems market is expected to expand at a moderate compound annual growth rate (CAGR) of 19.8% during the forecast period.
The market report is segmented by display type and region. The display type segment includes center stack display, camera information display, driver information display, reconfigurable instrument cluster, rear seat entertainment, and head-up display. The regions covered in the analysis are the Americas, Europe, Asia Pacific, and the rest of the world.
According to the automotive display systems market infographic published by MarketResearch.Biz, the rear seat entertainment (RSE) segment is estimated to register a CAGR of over 27.2%, thereby accounting for the highest revenue share among the display type segments.
By region, the market in the Americas accounted for the highest revenue share in the global automotive display systems market in 2016, while the market in Asia Pacific is expected to record the highest revenue CAGR of over 24.8% between 2017 and 2026.
The research report on the global automotive display systems market includes a competitive analysis on major companies including Alpine Electronics, Continental, Delphi Automotive, DENSO, Fujitsu, Garmin, KYOCERA Display, LG Display, Nippon Seiki, and Panasonic.
“Global Automotive Display Systems Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017-2026” was prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global automotive display systems market for 2017-2026.
For more information about the report, visit https://marketresearch.biz/report/automotive-display-system-market/#inquiry.