The Asia Pacific Automotive Smart Display Market would witness market growth of 6.1% CAGR during the forecast period (2021-2027). An automotive smart display is considered a wireless touch screen device that is made to enhance the safety and security of the people inside the vehicle. These displays allow vehicular safety by offering driver safety functions, interference-free multimedia features, and real-time diagnostic and vehicle navigation features, such as tire pressure indicators, battery temperature, engine heat, and fuel capacity. Wireless smart display systems are powered by a battery, generally installed in commercial and private vehicles. The automotive smart displays are available in a size range of 3 inches to 15 inches.
The automotive smart display market would witness a boost due to the rapid adoption of OLED screens and the advent of augmented reality-based technologies and autonomous vehicles. It is commonly believed that the rapid advancement of modern technologies like Artificial Intelligence (AI), autonomous driving, big data, and augmented reality (AR) would boost the global automotive sector to initiate huge changes in the production, sales, and overall business models. This market is highly adopting these technologies, hence improving its commercialization outlook.
The incorporation of interactive displays (displays that are extremely responsive to visual and touch stimuli) has been a primary function of the manufacturing processes utilized by most of the leading automotive players. OLED displays are becoming highly popular among leading automobile companies like Mercedes-Benz, Volkswagen, Toyota, General Motors, and Audi. For example, Mercedes Benz is forming a partnership with LG Display to incorporate OLED panels in rear-seat displays and on the dashboards of its latest cars.
The China market dominated the Asia Pacific Digital Instrument Cluster Automotive Smart Display Market by Country in 2020, thereby, achieving a market value of $770.8 million by 2027. The Japan market is showcasing a CAGR of 5.5% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 6.9% during (2021 - 2027).
Based on Size, the market is segmented into 5 inches to 10 inches, less than 5 inches and More than 10 inches. Based on Technology, the market is segmented into TFT-LCD, LCD, OLED and Others. Based on Application, the market is segmented into Center Stack, Digital Instrument Cluster, Head-up Display (HUD) and Rear Seat Entertainment. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Smart Display Market is Projected to reach USD 16.4 Billion by 2027, at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Panasonic Corporation, Continental AG, Samsung Electronics Co., Ltd. (Samsung Group), Denso Corporation, Alps Alpine Co., Ltd., LG Display Co., Ltd. (LG Corporation), Hyundai Motor Company, Visteon Corporation, and Nippon Seiki Co., Ltd.
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