According to a recent study analysis published by Market Research Future (MRFR), the global Smart Display Market for Automotive is anticipated to accrete USD 9.78 BN by 2023, registering a staggering double-digit CAGR over 12.56 % between 2018 and 2023.

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Over the next few years, augmented reality smart displays will help to make driving even more comfortable and safe. The increasing demand for smart displays in order to improve the consumer experience in vehicles to ensure safety is another major factor driving the growth of the smart displays market.

Major Players

Key players leading the global Smart Display Market for Automotive include Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Visteon Corporation (US), LG Display (South Korea), Valeo SA (France), Alpine Electronics Inc. (Japan), Delphi Automotive PLC (UK), and Magna International Inc. (Canada) among others. COVID-19 Impact

Segments

There are four key dynamics that the market is segmented into;

By Display Technology : LCD and TFI-LCD among other advanced technology.

By Driving Level : Conventional and Semi-autonomous.

By Vehicle Types : Passenger vehicle and Commercial vehicle.

By Regions : North America, Europe, Asia Pacific, and the Rest-of-the-World.

Regional Analysis

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

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.

The adoption of automotive smart displays in mid-segment range cars led by the improving socio-economic conditions in the region impacts the regional market growth, positively. Furthermore, the increasing number of display manufacturers that have shifted their bases in the emerging APAC countries, recently is providing a huge impetus to the market growth.

The North America Smart Display Market for Automotive 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.

Competitive Analysis

Highly competitive, the Smart Display Market for Automotive appears to be fragmented characterized by the presence of several major well-established players. These players incorporate strategic initiatives such as collaboration, acquisition, partnership, technology launch, and expansion in order to maintain their positions in this market by gaining a competitive advantage. Strategic alliances between these players support the growth and expansion plans of the key players during the forecast period.

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