The latest report on Automotive Display System Market by Infinium Global Research gives complete coverage of the Automotive Display System Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Automotive Display System such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Growing Adoption of Autonomous Vehicle and Connected Vehicles Boost the Growth of the Industry
The automotive display system is becoming a very important aspect of the vehicle’s interior. Nowadays digital displays are taking place of the analog components such as virtual speedometers and center console controls. Recently, continental AG developed a unique concept, the eHorizon system uses a thin adaptable faceplate and a curved integrated centrestack to offer an innovative way of merging improved online data and driver HMI. The driver is free to move content from display to digital instrument cluster as required, allowing them to select the appropriate information and where it will appear on the vehicle’s several displays.
Increasing government support for road safety and taking initiative for the mandatory GPS system due to the growing number of road accident fuels the growth of the global automotive display system market. The emergence of new technologies such as augmented reality and growing adoption of smart displays drive the growth for the automotive display system market.
Growing adoption of autonomous vehicle and connected vehicles boost the growth of the market. On the other hand, the high cost associated with the raw materials and displays may hamper the growth of the global automotive display system market. Moreover, new product innovations and technological advancement in the automotive industry create an opportunity for the growth of the global automotive display system market.
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New Product Innovations and Technological Advancement in the Automotive Industry Create an Opportunity
Geographically, North America region dominates by the largest market share in the automotive display system market due to the adoption of advanced technologies and the emergence of connected or autonomous vehicles. The U.S is accounted for the largest market share followed by Canada and Mexico.
Moreover, the Asia-Pacific region expected to boost the growth of the automotive display system market due to the presence of the major players such as Alpine Electronics, Inc., Panasonic Corporation, LG Display Co., Ltd. and other manufacturers as well as the development of autonomous or connected vehicles. In Asia-Pacific, China holds the highest share followed by Japan and India. An increasing number of vehicle sales in China fuels the growth of the automotive display system market.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Automotive Display System.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.