NEW YORK, December 18, 2017 /PRNewswire/ --
MarketResearch.biz announces publication of its recently generated research report titled, "Global Automotive Display Systems Market By Display Types (Center Stack Display, Camera Information Display, DID-NR, Reconfigurable Instrument Cluster, Rear Seat Entertainment System Displays, Head-Up Display) By Region - Global Forecast To 2026.", which offers a holistic view of the global automotive display systems market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2017-2021) is projected to be US$ 1,01,427.2 Mn, which is expected to increase rather significantly over the latter part of the five-year forecast period.
Automotive display system is a transparent display system used in automobiles to present the driver with data or alerts to indicate any obstacles, barriers, or dangers on the road.
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Global Automotive Display Systems Market: Market Dynamics
According to the report, rising demand for connected vehicles is the major factor driving growth of the global automotive display systems market. Additionally, increasing demand for larger displays is expected to drive growth of the market. In addition, decreasing prices of LCD and OLCDs, technological advancements and innovations in automotive industries, and increasing adoption of smart devices is driving growth of the global automotive display systems market. Customers currently purchase products that not only offer more functionality, but also focus on aesthetic appeal that best suits their individual tastes.
However, rising adoption of personal mobile devices, high cost of automotive display systems, and concerns regarding systems failure are some major factors restraining growth of the global automotive display systems market.
A major and growing trend, especially in developed countries, is increasing development of next-generation micro-display technology and rising adoption of AMOLED technologies
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This trend is expected to create a wider scope of potential opportunities for key players in the market in future. Manufacturers can capitalize on these opportunities by developing advanced automotive display systems that offers additional and unique functionalities and features that make driving safer.
Global Automotive Display Systems Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global automotive display systems market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global automotive display systems market is expected to expand at a moderate CAGR of 19.8% during the forecast period.
Global Automotive Display Systems Market: Segmental Snapshot
The market report has been segmented on the basis of display type, and region. The display type segment includes center stack display, camera information display, driver information display, reconfigurable instrument cluster, rear seat entertainment, and head-up display. The regions covered in the analysis are the Americas, Europe, Asia Pacific, and Rest of the world.
According to automotive display systems market infographics published on MarketResearch.Biz,
By display type: Rear Seat Entertainment (RSE) segment is estimated to register a CAGR of over 27.2%, thereby accounting for highest revenue share among the display type segments.
By region: The market in the Americas accounted for highest revenue share in the global automotive display systems market in 2016, while the market in Asia Pacific is expected to record highest revenue CAGR of over 24.8% between 2017 and 2026.
Global Automotive Display Systems Market: Competitive Analysis
The research report on the global automotive display systems market includes a competitive analysis on major companies such as Alpine Electronics, Continental, Delphi Automotive, DENSO, Fujitsu, Garmin, KYOCERA Display, LG Display, Nippon Seiki, and Panasonic.
The Global Automotive Display Systems Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017-2026 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global automotive display systems market for 2017-2026.
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