Global In-car Display Screens Market is anticipated to reach US$ XX Mn by 2026 from US$ XX Mn in 2019 at a CAGR of 12.5% during a forecast period.
Global In-car Display Screens Market Overview
The growing demand for multifunctional devices that enhanced safety, convenience, and comfort in automobiles has enabled automakers to embed touchscreen displays into vehicles. Also for safety and security the technological advancement, advanced infotainment systems, gesture control systems, telematics, steering-mounted controls, heads-up displays, and central controllers are incorporated in vehicles, which are expected to drive the growth of the in-car display screens market during the forecast period.
The report covers the detailed analysis of the global in-car display screens industry with the classifications of the market based on propulsion type, vehicle type, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
Global In-car Display Screens Market
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The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. The manufacturing environment in each region is different and focus is given to the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.
Global In-car Display Screens Market Dynamics
The growing demand for passenger vehicles and government regulations for the safety and security of the vehicle are the major factors driving the growth of the in-car display screens market globally. Thus automotive display system manufacturers across the globe are investing in R&D activities for upgrading display technologies to meet the growing consumer demand for enhanced display applications of vehicles. This in turn is expected to propel the growth of the in-car display screens market during the forecast period.
Similarly, technological advancements are creating new opportunities in the market of in-car display screens such as Samsung developed a foldable OLED display in 2019, and FlexEnable Limited has developed flexible displays for the multiple functions on a single display of the vehicles. These opportunities are expected to fuel the growth of the in-car display screens market during the forecast period.
Global In-car Display Screens Market Segmentation Analysis
By Propulsion Type, the global in-car display screens market is dominated by the electric segment. The electric segment was valued at XX% of global market shares in 2019 and is expected to reach US$ XX Mn during the forecast period due to the growing demand for electric vehicles. The rise in technological advancements, improvement in the standard of living, and government policies have been boosting car sales, which led to an increase in the electric segment of the in-car display screens market globally.
By Vehicle Type, passenger vehicles hold two-third of the total demand in the in-car display screens market, which includes economy cars, compact cars, minivans, SUVs, and premium and luxury cars. Manufactures are mainly investing in new technologies of vehicles, which has led to the growth of the automotive sector and thereby In-car display screens market.
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Increase in demand for advanced features, rise in the standard of living, increasing purchasing power capacity, rise in per capita income of individuals, increasing industrialization, changing way of life and high disposable income are some of the factors for the growth of the In-car display screens market globally. The growing interest of consumers towards safety, premium, luxury, and comfortable vehicles is expected to drive the growth In-car display screens market during the forecast period.
Global In-car Display Screens Market
Global In-car Display Screens Market
North America and Europe are the key markets of in-car display screens as many manufacturers like Visteon Corporation, Robert Bosch GmbH, Harman International Industries Inc., and Garmin are having a well-established consumer network across the region. Where North America generated the highest revenue of USD 5,723.2 million in 2019. This is expected to fuel the demand for the in-car display screens market during the forecast period in the region. Also, The Asia Pacific is expected to hold the largest market share of the global in-car display screens market during the forecast period due to an increase in population, per capita income, growth in innovation & cutting-edge technology, and several vehicles in countries such as India and China.
Global In-car Display Screens Market Scope: Inquire before buying
Global In-car Display Screens Market
Global In-car Display Screens Market by Region:
• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global In-car Display Screens Market Key Players
• Visteon Corporation
• FlexEnable Limited
• Mitsubishi Electric Automotive America
• Robert Bosch GmbH
• Teletrac Navman Group
• TransCOR Information Technologies
• Xenarc Technologies Corp
• Garmin
• Denso Corporation
• Alpine Electronics Inc
• Harman International Industries Inc
• Panasonic Corporation
• Pioneer Corporation
• Aptiv PLC
• BOSE
• Kenwood
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