Automotive Display System Market Size, Share, Trends, Analysis and Forecasts To 2021
Market Research analysts forecast the global automotive display system market to grow at a CAGR of 18.76 % during the period 2017-2021.
The following companies as the key players in the global automotive display system market: Alpine Electronics, Continental, Delphi Automotive, DENSO, Fujitsu, Garmin, KYOCERA Display, LG Display, Nippon Seiki, Panasonic, Pioneer, Robert Bosch, Valeo, Visteon, and Yazaki.
Other Prominent Vendors in the market are: Garmin, Magneti Marelli, Texas Instruments, and TI Automotive.
Commenting on the report, an analyst from Technavio’ s team said:“ The latest trend gaining momentum in the market is trends in HUDs and instrument cluster space. Introduction of next-generation microdisplay technologies to enable advent of advanced HUDs. The introduction of various microdisplay technologies such as digital light processing( DLP), LCD, liquid crystal on silicon( LCoS), and OLED have enabled HUD manufacturers to develop efficient HUDs with a large field of view.”
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According to the report, one of the major drivers for this market is falling prices of LCD / TFT displays to increase sales of display systems. We believe that the falling prices of LCD / TFT and OLED displays are an added advantage for the automotive display system market. This is because the OEMs may find it less pressurizing from the cost point for the introduction of the same in the mass-market at least toward the end of the forecast period in developed regions such as the Americas and Europe.
Further, the report states that one of the major factors hindering the growth of this market is possibility of a system failure due to software malfunction to complicate use of instrument cluster type automotive displays. As the automotive reconfigurable instrument cluster exhibits the ability to be integrated with invehicle systems such as ADAS and navigation systems, a potential malfunction in one of the software related to the interface may lead to a system crash. The effects of these may result in the entire digital component failing to perform its functionalities. Furthermore, the software must be continuously upgraded as per the newer ADAS functionality or connectivity features added. These again pose integration challenges.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.