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Rising Demand for Innovative Features in Vehicles Is Enhancing the Growth of Automotive Smart Display System Market

 

Rockville Pike, MD -- (SBWIRE) -- 09/10/2019 -- The automotive smart display is a wireless touch screen display device providing distraction-free access to multimedia functions, navigation, driver safety features, real-time diagnostics of the vehicle including tire pressure, engine heat indicators, etc. Modern smart display systems also include vehicle-to-infrastructure and vehicle-to-vehicle connectivity to enhance customer experience.

Improving safety, providing comfort, and enhancing driver experience are the priorities for the automotive sector currently. Smart display manufacturers are providing cutting-edge smart display applications. With an increase in the integration of vehicle functions in a display application, smart display manufacturers are providing LCD and TFT-LCD display panels with unique designs.

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OEMs are also focusing on offering smart automotive display system for a cost-sensitive market. Along with the single-touch screen platform, manufacturers are also integrating gesture control technology in the smart display system. The focus is also on offering audible navigational assistance system and 360°video imaging technology that displays 3D view of vehicle surrounding, thereby improving safety.

Currently, demand for 6-10 inches smart displays is the highest. This segment is expected to reach US$ 1,834 Mn in 2017. 3-5 inches is the second largest segment in terms of revenues. Compared to TFT-LCD technology, LCD display technology is anticipated to witness strong growth in the global automotive smart display market. Towards the end of 2017, LCD will account for nearly one-third of the global revenue share.

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Advanced instrument cluster display is expected to gain healthy growth in the global automotive smart display. The advanced instrument cluster display is projected to bring in nearly US$ 1,896 million in revenue by the end of 2022. Meanwhile, center stack touchscreen display is also expected to witness strong growth in the global automotive smart display market.

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