The report"Smart Display Market for Automotive by Application, Display Size (3"-5", 6"-10", & >10"), Display Technology (LCD, TFT-LCD, & Other Advanced Technologies), Level of Autonomous Driving (Conventional & Semi-autonomous), Vehicle Type, and Region - Global Forecast to 2022", published by MarketsandMarkets(TM), the Smart Display Market for Automotive is projected to grow at a CAGR of 12.77% during the forecast period, to reach a market size of USD 9.80 Billion by 2022.
The market is driven by factors such as progress in developing semi-autonomous and autonomous vehicles, increasing adoption of automotive display applications by OEMs, and increasing demand for safety and comfort features from consumers.
"Center stack touchscreen display to be the largest segment in the Smart Display Market for Automotive"
With advancement of technology, the automotive display applications have witnessed rapid evolution during the last decade. Growing in-vehicle safety and comfort functions have contributed to the growth of automotive display applications that are now offered by OEMs. In many countries, government regulations such as mandatory in-vehicle GPS systems for commercial vehicles and mandatory rear view sensors and back up cameras in passenger cars are expected to increase the market for advanced center stack touchscreen displays in vehicles. In case of commercial vehicles, display applications are used for navigation purpose and telematics. The market for center stack touchscreen displays will continue to grow at a steady pace, given their increasing use in premium light duty vehicles and heavy duty vehicles. The market would also be driven by the increase in consumer demand for center stack touchscreen displays in economic passenger cars in cost sensitive automotive markets ofChina,Brazil,India, and Russia.