Connect with us

Technology

Automotive Display System Market: Projected to Reach USD 29.7 Billion by 2031, Growing at a CAGR of 7.7% | Exclusive Report by Transparency Market Research, Inc.

Published

on

In order to elevate the driver experience and avail better assistance to the driver, a set of devices is installed in vehicles, providing the information required while driving, including navigation systems. This is commonly referred to as automotive display systems, which can offer an elevated consumer experience.

WILMINGTON, Del., July 18, 2024 /PRNewswire/ — The projected advancement of the automotive display system market is set to reach USD 29.7 billion by 2031. The last recorded valuation of the ecosystem was measured at USD 15.3 billion in 2022. Owing to the poised development of the competitive landscape through the forecast period at a CAGR of 7.7%, key players in the industry are likely to experience lucrative prospects.

Owing to the rising electric vehicle segment, the demand for vehicular displays and other assisting systems is likely to increase. With the growing demand for driver assisting systems in such vehicles, the scope for such displays is likely to enhance.

The development of autonomous driving vehicles is expected to augment the competitive landscape of automotive displays. Transportation solutions have observed a significant shift toward better services, including enhanced driver safety. Owing to such trends in the automobile industry, growth opportunities for the ecosystem are expected to increase.

Request a PDF Sample of this Report Now! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73586 

The connectivity of automobiles with different gadgets, including smartphones and other devices, is set to be a pivotal factor in terms of accelerating the growth of the competitive landscape. Navigation systems are gaining momentum in the automotive segment. Owing to the rising integration of such systems in vehicles, leading manufacturers are integrating displays for better consumer comfort. This factor is another crucial industry driver. To enhance the accessibility and usability of the technology, key players in the ecosystem have been innovating and integrating features like voice assistance in systems. Such innovations are augmenting the size of the competitive space.

The focus on the enhancement of infotainment systems is expected to shape the future of the said sector. The regulatory landscape is another pivotal factor, which supports the growth of the industry. Owing to the growing disposable income levels of individuals, the preference for premium and luxury models is observed to have increased. Consumers choose high-end models, which are equipped with advanced technology. This trend is driving the demand for digital displays in vehicles, driving the ecosystem.

Download PDF Sample Brochure for Industry Insights! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73586

Analyst Insights: Driving Trends in the Automotive Display Market

The compounded annual growth rate of 7% till 2034 for the global automotive display market can be attributed to growing consumer preferences for connected vehicles and technologically advanced in-vehicle systems such as infotainment systems, and others. Increasing demand for automotive displays in major car-producing countries in Asia Pacific created revenue of USD 15 Bn in 2023 for the global automotive displays market.

Consumers prefer new display technology including OLED and AMOLED displays owing to better color contrast and versatility. Adoption of display systems is higher in luxury/ premium vehicles and since 2020 the production of luxury vehicles has increased at Y-o-Y of 5%. Earlier, luxury car manufacturers including BMW, Lexus, and Audi, have integrated technologically advanced large display systems in their vehicles. However, the trend of large-size displays is normalized in mid-range vehicles as well increasing the average size of the display in 2024 to 8.4 inches, a sudden increase of 16.7% from 2018.

Major automotive manufacturing hub such as China, the U. S., Germany, and Japan has a presence of many display manufacturers leading to low bargaining power of suppliers. However, product differentiation through improved performance and increased features could be advantageous to cater to growing demand. In January 2024, LG display introduced switchable privacy mode (SPM), which enables adjustment of display viewing sight away from the driver’s line of sight while allowing front passenger access to content and ensuring the driver’s alertness to avoid any fatal accidents.

Key Findings from the Market Report

The ecosystem of the automotive display system market is segmented based on various significant parameters. Based on the display technology segment, the TFT-LCD display category is set to drive the sector due to the widened applicability of displays.Based on the size of the display, 6″ to 10″ size displays are likely to gain momentum due to the affordability of displays.Owing to the rising demand for high-resolution visuals, high-definition (HD) displays are likely to govern the growth of the sector.Based on the vehicle type segment, passenger vehicles are likely to propel the growth of the ecosystem.

Regional Profile

Owing to the technological infrastructure in North America, various prospects for key players in the automotive display system industry are created. This drives the size of the sector in the country.The evolution of the automobile industry in Europe is expected to drive the size of the competitive landscape in the country. Leading organizations can use the opportunity to penetrate into the said industry segment.Owing to the growing preference for premium and luxury vehicles in Asia-Pacific is another factor augmenting the size of the competitive landscape. Such a key factor drives the growth of the market.

Automotive Display Market Report Scope:

Report Coverage

Details 

Forecast Period  

2023-2031

Base Year  

2017-2021

Size in 2022

US$ 15.3 Bn

Forecast (Value) in 2031

US$ 29.7 Bn

Growth Rate (CAGR) 

7.7 %

No. of Pages 

190 Pages 

Segments covered 

By Display Technology, By Display Size, By Display Resolution, By Application, By Vehicle Type, By Sales Channel

Competitive Landscape

Leading players in the automotive display system market expand using many key strategies, including mergers, acquisitions, collaborations, and partnerships. New entrants, on the other hand, expand using strategic alliances, innovations, and differentiation.

Robert Bosch GmbH is a key player offering several products like e-bikes, auto services, mobility products, and many more.Continental AG is another important player operating in verticals like ContiTech, Automotive, and Tires.Denso Corporation offers solutions for thermal management, air conditioning, power-train systems, and many more.

Key Players

Robert Bosch GmbHContinental AGDenso CorporationAlpine Electronic, Inc.AptivValeoLG Display Co., Ltd.Panasonic CorporationNippon Seiki Co., Ltd.AU Optronics Corp.Visteon CorporationYAZAKI CorporationMagna International Inc.Pioneer CorporationOther Key Players

Key Developments in the Automotive Display System Market

In March 2024, Robert Bosch GmbH expanded the vehicle functionality by integrating cloud computing technology.In July 2024, Continental AG partnered with DT Swiss and Swiss Side to innovate tires for vehicles.

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=73586&ltype=S

Market Segmentation

Display Technology

LCDTFT-LCDOLEDDigital Lighting Processing (DLP)Plasma Panels

Display Size

Less than 5″Between 6″ to 10″Greater than 10″

Display Resolution

Standard Definition (SD)High Definition (HD)Ultra-High Definition (UHD)

Application

Exterior DisplaySide Mirror DisplayVehicle Signage/ Display BoardsPixelated Lights for Exterior LightingInterior DisplayHead-up Display (HUD)Center Stack DisplayRear Seat Entertainment DisplayRear View Mirror DisplayInstrument Cluster

Vehicle Type

Passenger VehicleHatchbackSedanUtility VehicleLight Commercial VehicleBuses & CoachesTrucks

Sales Channel

OEMAftermarket

Region

North AmericaEuropeAsia PacificMiddle East & AfricaLatin America

More Trending Reports by Transparency Market Research –

Vehicle Cameras Market – The global vehicle cameras market is projected to advance at a CAGR of 10.5% from 2022 to 2031Vehicle Wrapping Market – The global vehicle wrapping market is projected to expand at a CAGR of 12.65% during the forecast period from 2021 to 2031Automotive Tailgate Market – Automotive Tailgate Market is estimated to grow at a CAGR of 3.4% from 2023 to 2031 and reach US$ 17.0 Bn by the end of 2031

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com   
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/automotive-display-system-market-projected-to-reach-usd-29-7-billion-by-2031–growing-at-a-cagr-of-7-7–exclusive-report-by-transparency-market-research-inc-302200438.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Rad Power Bikes Expands Its Omnichannel Retail Experience to Include BestBuy.com and Select Best Buy Stores

Published

on

By

Additional physical and digital channels provide Rad Power Bikes customers more ways to interact with the brand and access Rad’s latest ebike models.

SEATTLE, Sept. 25, 2024 /PRNewswire/ — Rad Power Bikes™ today announced its teaming up with Best Buy to increase the brand’s retail presence to include 150 Best Buy stores nationwide and BestBuy.com. After several product launches, this availability enhances the seamless integration of Rad’s retail channels, enriching the customer journey from online to in-store. This expansion of Rad’s omnichannel experience underscores the company’s dedication to creating a world where transportation is not only energy-efficient and accessible but also enjoyable for everyone, no matter where they shop or how they engage with the brand.

Rad Power Bikes Expands Its Omnichannel Retail Experience to Include BestBuy.com and Select Best Buy Stores

As Rad continues to redefine sustainable transportation, the expansion to Best Buy will provide more customers with direct access to Rad’s industry-leading products in physical retail locations and online. Starting today, customers can purchase some of our rider’s favorite Rad products and accessories at BestBuy.com, and next month in 150 Best Buy stores nationwide.

“Rad Power Bikes is strategically positioning itself for sustained growth by focusing on safety, reliability, and customer accessibility,” said Phil Molyneux, CEO of Rad Power Bikes. “Our commitment to strengthening our product offerings and broadening our retail experiences for customers ensures more people can experience the benefits of ebikes. As we continue to innovate and grow beyond our direct-to-consumer roots, we remain dedicated to maintaining the highest standards of safety, quality, and customer satisfaction, which have been key in building our strong reputation with customers and retailers large and small.”

Rad is also expanding its retail partner program and is pleased to announce the appointment of industry veteran George Lee as Director of Sales. This key addition will further strengthen and grow the company’s retail partnerships, enhancing the overall customer experience and accelerating growth.

Rad Power Bikes is also planning exciting Black Friday deals on its versatile ebikes to offer even more customers the opportunity to experience the freedom and convenience of Rad Power Bikes at a great value.

Rad Power Bikes offers test rides and in-store support at its RadRetail locations, ensuring that customers can find the right ebike for their needs, whether commuting, adventuring, delivery, or hauling kids. For more information on how Rad Power Bikes is making ebikes more accessible, and to locate a store near you, visit here.

About Rad Power Bikes
Rad Power Bikes boasts a full lineup of affordable ebikes and accessories that are changing the way people and products ride for good. Founded in 2007, Rad’s team of passionate ebike enthusiasts creates products and service solutions that are purpose-built for everything, whether for commuting, adventuring, delivery, or hauling kids. The ebikes and accessories are all designed in-house at its Seattle headquarters. The company serves riders across the U.S. and Canada, and has nine RadRetail locations, and more than 1,200 retail and service partners across North America.Recognized by TIME, Fast Company, and Inc. as one of the most innovative and influential companies, Rad Power Bikes is on a mission to build a world where transportation is energy-efficient, enjoyable, and accessible to all.

View original content to download multimedia:https://www.prnewswire.com/news-releases/rad-power-bikes-expands-its-omnichannel-retail-experience-to-include-bestbuycom-and-select-best-buy-stores-302257957.html

SOURCE Rad Power Bikes

Continue Reading

Technology

Admitad’s new generation promo code solution boosts conversion for affiliates by 40%

Published

on

By

DUBAI, UAE, Sept. 25, 2024 /PRNewswire/ — Admitad, a global leader in partner marketing, launches New Generation Promo codes — a turnkey solution that offers a hassle-free way to attribute sales directly to affiliates through promo codes. Publishers receive full credit for every sale generated, regardless of how or where the transaction occurs. Brands enjoy increased tracking transparency and accuracy, wider reach and boosted sales. The loyalty of publishers to advertisers is also growing due to increased profits at the same traffic volumes.

By assigning a dedicated code to each affiliate, the solution ensures personalised promotions that increase the relevance and impact of marketing campaigns, while for publishers it guarantees no risk of promo code theft or cookie stuffing. Through access to a broader network, including social media influencers and content creators, businesses can expand their reach, diversify traffic sources, and unlock new audience segments.

Solution embraces the CPS model, guaranteeing that businesses only pay for completed sales. This makes marketing spend more predictable, enabling companies to optimise their ROI. Promo codes are automatically withdrawn from publishers failing to generate sales within a specified timeline and are then reallocated to those who consistently deliver results.

Promo code tracking also solves the problem of cross-device order attribution, including tracking on mobile devices and within mobile applications. Admitad’s solution is able to bypass other tracking obstacles as well. It works seamlessly even if ad blockers, privacy settings and other extensions interfere with traditional cookie tracking.

Affiliates using New Generation Promo codes alongside their affiliate links have experienced a significant spike in conversions. Admitad compared the number of actions and growth rate of partners who previously worked only with affiliate links. Calculations showed consistent 30-40% growth in the number of actions and sales after just 3 months of promo code usage.

More conversions translate directly into increased commissions and revenue growth. By offering discounts or special offers, they incentivize consumers to make purchases that might not have otherwise been considered. It also offers publishers a powerful tool to foster deeper customer engagement.

Publishers and brands can access New Generation Promo codes through the Promo code Catalog in the Admitad Store. These codes are recommended to be used alongside the affiliate links, offering a powerful combination that ensures the best possible tracking and maximizes the conversion potential.

Logo – https://mma.prnewswire.com/media/2433196/4750415/Admitad_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/admitads-new-generation-promo-code-solution-boosts-conversion-for-affiliates-by-40-302258872.html

SOURCE Admitad

Continue Reading

Technology

Swan Bitcoin Has Achieved SOC2 Type 1 Compliance

Published

on

By

The independent audit and certification affirms that Swan’s platform, infrastructure, tools, and processes meet industry best practices to protect sensitive client information. 

CALABASAS, Calif., Sept. 25, 2024 /PRNewswire/ — Swan Bitcoin is proud to announce that it has successfully achieved SOC 2 Type 1 compliance, marking a significant milestone in its dedication to ensuring the highest standards of security, availability, and confidentiality for its customers. This certification, awarded by Schellman, a high-ranking IT compliance attestation firm, details the suitability of design and operating effectiveness of controls relevant to security, availability, and confidentiality to protect sensitive data.

“Every day, we handle mission-critical information,” said Yan Pritzker, Swan CTO. “This requires Swan to implement thorough security and risk controls across our whole domain, including network security, systems availability, and data confidentiality. With a SOC2-compliant environment, we are assuring our customers and partners that we can meet their stringent compliance requirements.”

SOC 2 reports are performed in accordance with the Statement on Standards for Attestation Engagements 18 (SSAE 18) attestation standard issued by the American Institute of Certified Public Accountants (AICPA). Achieving SOC 2 Type 1 certification demonstrates that Swan meets industry best practices to assure clients that their data is being handled with the utmost care and protection.

“At Swan, security is a top priority,” said Scott Kisser, Swan CISO. “Achieving SOC 2 compliance underscores our commitment to building trust by adhering to industry-leading security practices. This independent verification is another step in our continued journey to provide the most secure and trusted Bitcoin platform for our clients.”

SOC 2 compliance brings critical benefits such as reduced risk, enhanced client trust, and the confidence that Swan Bitcoin is continuously improving its security posture. The completion of Swan’s SOC 2 Type 1 report is the result of an independent audit conducted to ensure the proper design and effectiveness of a variety of controls. For more information, please visit trust.swanbitcoin.com.

About Swan

Swan is a leading Bitcoin financial services company with more than 130,000 clients. Established in 2019, Swan helps individuals and institutions to understand and invest in Bitcoin. The Swan app simplifies Bitcoin purchases with instant and recurring buys. Swan IRA provides a tax-advantaged solution for saving Bitcoin in retirement accounts. For HNWIs and businesses, Swan Private provides white-glove service for large purchases, treasury solutions, and inheritance planning. With Swan Vault, clients can easily custody their own Bitcoin with peace of mind. Swan Managed Mining provides clients with fully segregated and dedicated mining operations, catering to their unique requirements, opportunities, and strategic advantages. Swan prides itself on exceptional client service, making Bitcoin approachable to all. For more information, please visit swan.com.

View original content:https://www.prnewswire.com/news-releases/swan-bitcoin-has-achieved-soc2-type-1-compliance-302257789.html

SOURCE Swan Bitcoin

Continue Reading

Trending