Many companies focus on high-quality products as well as they focus on the changing lifestyle of consumers and rising spending power, and this pushes the market towards growth. The major factors such as enhanced driving experience, increasing demand of automobile, changing life style, help the Automotive Smart Display Industry to grow. With developments in level of autonomous driving, vehicles will be equipped with a number of automotive smart displays that will be larger with advanced driver assistance. Strong global presence and technological developments are some of the factors driving the market in Asia-Pacific. Technological advancements such as efficient automotive parts, growing urbanization, developing infrastructure are driving the Automotive Smart Display Industry.

The market has been analyzed based on the four segments: Display technology, driving level, vehicle type and end-use in the regions of North America, Europe, APAC and Rest of the world. On the basis of display technology the market segments includes LCD, TFI-LCD and Other advanced technology. On the basis of driving level, it is segmented as Conventional and semi-autonomous. On the basis of vehicle type, the market has been segmented as Passenger car and Commercial vehicle.

Regional Analysis

The Asia Pacific accounts for the leading region in the global Automotive Smart Display Industry.

The burgeoning automotive sector, heading with the strengthening economy in countries, such as India, China, and South East Asian countries drives the demand for smart displays in the region.

Moreover, the development in the automotive manufacturing sectors in rapidly emerging economies such as China and India is driving the regional market. The rapid industrialization, which helps in the production of vehicles, propels the growth of the regional market.

Additionally, high production of vehicles, low manufacturing cost and availability of cost-competitive workforce are some of the factors that boost the APAC market. Furthermore, the huge technological advancements alongside the increasing number of OEM and aftermarket parts companies are driving the growth of the Automotive Smart Display Industry in the region. 

The North America Automotive Smart Display Industry accounts for the second largest market, globally. Stringent safety norms are expected to foster the growth of the regional market. Furthermore, increasing awareness about the safety systems installed in an automotive system drives the regional market.

The European Automotive Smart Display Industry has emerged as a profitable market, globally. Factors such as the augmenting demand for luxury or premium cars and SUV’s equipped with automotive smart display systems are propelling the growth of the market in the region.

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The market is driven by factors such as progress in developing semi-autonomous and autonomous vehicles, increasing adoption of automotive display applications by OEMs helps to grow the market of automotive smart display. On the basis of driving level, it is segmented as conventional and semi-autonomous. Semi-autonomous is the fastest growing segment of the smart display market for automotive. The semi-autonomous vehicles is anticipated to rise in the forecasted period due to an increase in the electrification of vehicle components and use of smart automotive components that assist the driver in a more comfortable and safe drive.

We recognize the key players in the global Automotive Smart Display Industry as Robert Bosch GmbH (Germany), Panasonic Corporation (Japan), Continental AG (Germany), Visteon Corporation (U.S.), Denso Corporation (Japan) LG Display (South Korea), Alpine Electronics Inc. (Japan), Valeo SA (France),  Magna International Inc. (Canada) and Delphi Automotive PLC (U.K.)

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