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Global New Energy Automotive Display Market Insight 2022-01-26 Comments

Global New Energy Automotive Display Market has witnessed growing treads over the five years. According to the World Knowledge Information (WKI)Global New Energy Automotive Display Market Report 2021, Forecast to 2026. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 10.5% base on WKI regression analysis model.
Analysts’ Viewpoint:
“Increasing vehicle production and sales, growing demand for vehicle comfort and safety systems, high demand for navigation and infotainment systems, growing electronic content per vehicles are creating opportunities for various New Energy Automotive Display system technologies.”said Wikky, Senior analyst, Global New Energy Market Research Center in WKI.
Market Insight:
Based on original technology, high-end New Energy Automotive Display manufacturers tend to use displays instead of physical buttons to provide consumers with a better experience.According to Market News:Inventor Elon Musk has predicted that autonomous or self-driving cars will be the new normal in the near future. These self-driving cars are believed to decrease road hazards by minimizing human error.Evidence points to self-driving cars as simply a matter of time, making it one of the most important predictions for the automotive industry. LCD touchscreen displays will play a significant role in this development. It will have to address information, entertainment, and communication needs of both drivers and passengers.Under such circumstances,display manufacturers have increased product R&D input to adapt to the rapid development of the automotive industry.
Competition Landscape:
The global New Energy Automotive Display industry is divided according to enterprise,the major companies in the New Energy Automotive Display market include Alpine Electronics, Blaupunkt, Continental AG, Denso Corporation and BOE etc.Moreover, due to the low technical threshold of New Energy Automotive Display , more and more companies are entering this field, and companies are investing more and more in research and development of new products, market competition is becoming increasingly fierce.
Segmentation of New Energy Automotive Display Market:
The global New Energy Automotive Display market is segmented on the basis of product. By product, it is divided into Center Stack Display, Instrument Cluster Display, Head-Up Display, Rear- Seat Entertainment Display.Among the four categories, Head-Up Display is very expensive. Many customers do not prefer to pay high prices for Head-Up Display.Center stack displays hold a major share in the New Energy Automotive Display market due to high demand in navigation systems and infotainment systems. The head-up displays segment also shows high growth potential. These systems offer high safety features in automobiles as they provide all the necessary information to a driver while looking at the road. The automakers are increasingly aligning toward digital instrument clusters from analog systems. These new instrument clusters not only provide basic information but also are used for navigations, infotainment controls, and other notifications.Rear seat entertainment display come mostly in the luxury cars segment. With the increased popularity of in-vehicle infotainment systems, customers are demanding more entertainment features in their cars. Rear seat entertainment systems consist of DVD/mp3 players, radio, and other features.
New Energy Automotive Display Market: Regional Analysis
In terms of geography, the Global New Energy Automotive Display market has been segmented into: North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. North America is estimated to be the largest New Energy Automotive Display market and Asia-Pacific is projected to grow at the fastest CAGR during the forecast period. This growth can be attributed to the improving socio-economic conditions in emerging economies such as China and India. The increase in per capita disposable income in these countries has resulted in an increased Automotive production and sales. This will directly lead to an increase in New Energy Automotive Display sales.As the functions of the New Energy Automotive Display become more diversified, the sales volume will grow steadily.
Cagr: 10.5%
Largest share area:American
Largest share country:USA