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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.

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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.

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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.

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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.

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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

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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.

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Technology

Desay SV Collaborates with Qualcomm to Deliver New Intelligent AI Cabin Platform Powered by Snapdragon Elite Automotive Platforms

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New Desay SV G10PH is designed to support superior computing, graphics, and advanced AI-enabled cabin products for automotive OEMs, ensuring cutting-edge performance and functionality.The G10PH is engineered for real-time decision-making, adaptive responses, and proactive assistance to create tailored and intuitive driving experiences.Collaboration is built on a strong and long-term working relationship, marked by the successful development of innovative cabin platforms for global automakers.

LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — Desay SV and Qualcomm Technologies, Inc. held a joint signing ceremony at CES today to commemorate the companies’ co-innovation to deliver Desay SV’s next-generation intelligent cabin platform, the G10PH. Desay SV and Qualcomm Technologies have a strong long-term relationship focused on developing innovative cabin solutions, which are now integrated into millions of vehicles across the globe. Building on this, the companies will collaborate on the G10PH intelligent cabin platform powered by Qualcomm Technologies’ Snapdragon® Cockpit Elite platform. 

The G10PH harnesses the advanced artificial intelligence (AI) capabilities, superior computing and high-definition graphics of the Snapdragon Cockpit Elite platform to push the boundaries of automotive technology. With the Snapdragon Cockpit Elite’s state-of-the-art Qualcomm Oryon™ CPU, Qualcomm® Hexagon™ NPU for accelerated AI performance and improved Qualcomm® Adreno™ GPU, this cutting-edge system provides automakers with the tools to deliver a smart, intuitive, and personalized experience for drivers and passengers*. Additionally, the G10PH enables real-time decision-making, adaptive responses, and proactive assistance, creating an exclusive intelligent cabin assistant that is finely tuned to users’ habits. Every vehicle utilizing the G10PH will feature seamless user interface and support personalized features designed to enhance comfort and convenience befitting a premium user-centric driving experience. 

“At the new inflection point of ‘Software-Defined Vehicle’ and ‘AI-Defined Vehicle,’ Desay SV, together with Qualcomm Technologies, launched the premium AI intelligent cabin platform G10PH, which marks another technological revolution in the process of intelligent cabin and is an important example of Desay SV leading the development of cabin intelligence upgrade,” said Jian Xu, CEO of Desay SV. “We hope that this platform will give a strong impetus to the intelligent transformation of global automotive manufacturers, reshape the new ecosystem of future mobility, and accelerate the realization of the era of intelligent mobility.”

“The automotive industry is on the brink of a new era of intelligent transformation, driven by software and AI. Qualcomm Technologies and Desay SV have built a robust foundation of collaboration, and with our combined expertise in intelligent cockpits and we are excited about the new products featuring Snapdragon Cockpit Elite,” said Nakul Duggal, group general manager, automotive, industrial, and cloud, Qualcomm Technologies, Inc. “These innovations will enable automakers to deliver more advanced AI features and experiences to consumers, setting a new standard in the industry.”

Intelligent cockpit is the carrier of various sensing and interaction technologies, and it reflects the state of development in intelligent vehicle technology. According to KPMG’s analysis, China’s intelligent cabin market will reach RMB212.7 billion in 2026, with a compound annual growth rate of about 17% from 2022 to 2026, and the penetration rate is expected to increase from 59% to 82%. According to the “Smart Cockpit Assembly Data List for January-September 2024” by Gasgoo Automotive Research Institute, Desay SV holds the leading position in the market with an assembly volume of 630,492 units, accounting for 15.5% of the market share.

###

About Desay SV

Desay SV (002920.SZ) is a leading mobility technology company with R&D and service branches in Germany, Japan, Singapore, Spain, USA, etc. The company focuses on efficiently integrating smart cabin, smart drive, and smart service. Relying on 39 years of accumulation, Desay SV has excelled in R&D, design, quality management, and intelligent manufacturing. Desay SV’s continuous innovation and comprehensive capabilities earn the long-term trust of global customers, including Chery, Geely, SAIC, Toyota, Volkswagen, Volvo, etc., and have helped it rank 74th in the Automotive News 2024 top 100 global auto parts suppliers. For more information, please visit Desay SV online at www.desaysv.com or follow us on: https://www.linkedin.com/company/13690363

About Qualcomm

Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Our proven solutions drive transformation across major industries, and our Snapdragon® branded platforms power extraordinary consumer experiences. Building on our nearly 40-year leadership in setting industry standards and creating era-defining technology breakthroughs, we deliver leading edge AI, high-performance, low-power computing, and unrivaled connectivity. Together with our ecosystem collaborators, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress. 

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patents are licensed by Qualcomm Incorporated.

Qualcomm, Snapdragon, Qualcomm Oryon, Hexagon and Adreno are trademarks or registered trademarks of Qualcomm Incorporated.

*All performance targets are compared to previous generation, based on preliminary internal testing, and subject to change upon final validation. 

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SOURCE Desay SV

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VerifiedX Releases VFX SwitchBlade Wallet Featuring First-Mover Bitcoin Utility at BitMart

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TORONTO, Jan. 10, 2025 /PRNewswire/ — The VerifiedX (VFX) Network, VerifiedX.io, has launched its mainnet non-custodial wallet VFX SwitchBlade, which enables full native Bitcoin functionality. The VFX SwitchBlade also supports a ‘first-mover’ fully decentralized and self custodial Bitcoin Tokenization (Verified Bitcoin) with on-chain native features, enabling real day-to-day utility, while solving current frictions for all Bitcoiners globally today. 

 

Verified Bitcoin (vBTC) enables anyone the ability to save, spend, withdraw, borrow, lend, mint & transfer media / documents, and vault actual Bitcoin with on-chain recovery features eliminating the need for third-parties or hardware wallets, through a feature rich simple text smart contract. This incredibly unique Bitcoin token provides for enhanced privacy with near-instant transaction finality, all with near-zero fees. Verified Bitcoin tokens are transferable in any denomination completely peer-to-peer, so long as they have a native Bitcoin balance and always maintain a fully decentralized and non-custodial evergreen 1:1 peg. This means that 1 vBTC will always equal 1 BTC and token owners may withdraw their underlying Bitcoin anytime with a ‘one-click’ multisig action or off-ramp the token itself, in whole or in part, at any participatory liquidity provider.

This empowering development will inevitably help provide congestion relief for the Bitcoin network, dramatically reduce Bitcoin holders cost of ownership and transfers, enable media embedding, and increase self-custodial security exponentially, adding immediate utility to holders of the largest digital asset class. It is anticipated that Verified Bitcoin may also help facilitate additional native scarcity with Total Value Vaulted (TVV) over time on VerifiedX Vaults.

VerifiedX – VFX (VerifiedX.IO) is the first open-source decentralized network that is both a universal layer 1 and a Bitcoin specific sidechain for the purpose of tokenized self-custody, on-chain storage, and peer-to-peer commerce of both digital & physical assets.

For Further Inquiries:
Website: https://verifiedx.io/
Discord: https://discord.gg/7cd5ebDQCj
Twitter (X)): https://twitter.com/vfxblockchain
Github: https://github.com/verifiedxblockchain

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SOURCE VerifiedX.io

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Ratehub Inc. launches a new personal loans marketplace powered by its LoanFinder tool

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Canadian financial technology company launches a personal loans marketplace, simplifying borrowing for Canadians and helping members manage debt better

TORONTO, Jan. 10, 2025 /CNW/ – Ratehub Inc., a leading Canadian financial technology company, has launched a new personal loans marketplace as part of its mission to empower Canadians with the tools and resources to make confident financial decisions.

This launch brings Ratehub closer to its vision of becoming Canada’s go-to source and one-stop shop for all personal finance products. With LoanFinder, Ratehub’s custom-built tool, members can easily explore and compare a range of loan options tailored to their unique needs. Members can quickly secure pre-approval for the best rates, saving both time and money—all within one easy-to-use platform.

“Our launch into personal loans is an important milestone towards achieving our vision of being the one-stop shop for all consumers’ financial needs – spend, save, borrow, invest, and protect,” said Naga Parvatharajan, CEO of Ratehub Inc. “LoanFinder, is a game-changer for Ratehub members. It uses our own data and credit bureau information to pre-approve you for the best loan offers, all without impacting your credit score. We’re thrilled to be working with Fig Financial and Spring Financial as our first partners to bring Canadians simpler borrowing options and help them manage debt better.”

Ratehub members will benefit from:

Comprehensive loan marketplace: Best pre-approved offers through LoanFinder matched to the lender, maximizing members’ approval odds without impacting their credit scoresSeamless digital experience: A fast, fully digital loan application process from the convenience of members’ homesFinancial education: Access to expert articles and resources to guide members on what to look for when selecting loansTransparency: Clear and unbiased information to help members make informed decisionsValue: Save money by refinancing credit card debt, reducing monthly payments, funding home improvement projects, or other needs

“In today’s challenging financial environment, it’s more important than ever to provide the tools and resources that help Canadians make confident decisions,” said Natasha Macmillan, Director of Everyday Banking at Ratehub.ca. “Our goal is to support every Ratehub member based on their financial needs and journey. Our launch of personal loans will allow members to navigate these products and empower them to make well-informed decisions.”

Currently offering comparisons for personal loans, Ratehub’s ultimate goal is to provide a complete range of loan types, with personalized recommendations that help members find the perfect match for their eligibility and financial situation. Ratehub is committed to helping Canadians find their best borrowing option based on their unique financial needs, and ultimately empowering them to manage debt better and take control of their financial future.

About Ratehub Inc.
Ratehub Inc. is the one-stop shop for all consumer finance needs – Save, Spend, Borrow, Invest and Protect. We connect Canadians to the best financial tools, advice, and products on the market through our financial product comparison site and mortgage brokerage, Ratehub.ca, mortgage lender, CanWise, insurance brokerage, RH Insurance, and personal finance website, MoneySense. Millions of Canadians visit Ratehub.ca and MoneySense every year to get personalized recommendations on the best mortgage rates, credit cards, savings accounts, GICs, and insurance products. To learn more, visit www.ratehub.ca or www.canwise.com or www.rhinsurance.ca or www.moneysense.ca.

SOURCE Ratehub Inc.

SOURCE Ratehub Inc.

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