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Nov 12, 2020 (Heraldkeepers) —
Market Research Future published a research report on “Automotive Display Market Research Report” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Synopsis
As per the study by Market Research Future Reports (MRFR), the global Automotive Display Market is estimated to value USD 23 billion, thriving at a CAGR of 13% during the review period. The growing demand for connected vehicles is one of the significant factors driving the global automotive display market 2020.
The growing demand for increasing infotainment in automobiles is estimated to play a significant role in market growth. Moreover, increasing in-vehicle safety demand has augmented the market. Also, individuals today have a large dependency on navigation systems, which aids in expanding the market size. The automotive display provides free access to navigation, driver safety features, and multimedia function. These attributes additionally augment demand.
The key players of the automotive display market have expanded their technological capabilities and adopted IoT for better automatic display operations. Most of the players have adopted inorganic strategies to enhance their business. Some of the adopted strategies are collaboration, merger & acquisition. On the other hand, the expenses related to advanced automotive display systems can act as a hindrance to the market expansion. Besides, the safety issues related to the replacement of mechanical controls with touch screen display is another factor that may impede the market expansion during the forecast period.
The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Furthermore, a precise evaluation of factors augmenting and impeding the market in the post-COVID-19 environment has been analyzed. We will provide COVID-19 impact analysis with the report.
Key Players
The established players of the global automotive display market are Magneti Marelli S.p.A (Italy), Panasonic Corporation (Japan), LG Display Co. Ltd (South Korea), Delphi Technologies (UK), Visteon Corporation (US), Robert Bosch GmbH (Germany), Continental AG (Germany), Nippon Seiki Co. Ltd (Japan), Qualcomm Technologies Inc (US), 3M Company (US). There are other players that contribute to the market growth. These include Synaptics Incorporated (US), Denso Corporation (Japan), and Nidec Corporation (Japan), among others.
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Market Segmentation
The worldwide automotive display market can be classified on the basis of technology, display size, applications, and region.
- On the basis of technology, the global automotive display market can be classified into AMOLED, PMOLED, TFT LCD, PMLCD, and others.
- On the basis of display size, the global automotive display market can be classified into 3″-5″, 6″-10″, and >10.”
- On the basis of applications, the global automotive display market can be classified into infotainment, telematics, navigation, and others.
- On the basis of geography, the global automotive display market can be classified into Europe, North America, Asia-Pacific, and the Rest of the World (RoW).
Regional Analysis
The geographical analysis of Europe, North America, Asia-Pacific, and the Rest of the World (RoW) has been conducted. As per the analysis, Europe is estimated