October 13, 2022 13:00 ET | Source: FACT.MR FACT.MR
NEW YORK, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, has published a report, which reveals that the global pillar to pillar display market is valued at US$ 36 million in 2022 and is set to balloon at a CAGR of 46.2% through 2032. The market is benefitting due to the surge in demand for smart displays in car cockpits that can allow access to auto-infotainment systems.
With the rising usage of advanced infotainment systems and integration with ADAS systems for autonomous vehicles in car cockpits, connectivity and display requirements are skyrocketing. Increasing luxury vehicles penetration, rising sales of EVs, technological upgradation, product development, and rise in OEMs and aftermarkets are enabling the market to enjoy significant growth.
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Connected car are the new norm in the automobile industry where we can connect our cars through the Internet via Wireless Local Area Network (WLAN). Increasing road accidents has become the primary factor for consumer demand for smart displays in cockpits. Pillar to pillar displays enhance automotive infotainment systems by providing detailed information on fuel status, navigation, and car condition, along with entertainment such as music and audio.
Owing to technological developments in the display market, demand for pillar to pillar displays, due to their high resolution and premium look, is expected to witness significant growth over the coming years.
Key Takeaways from Market Study
“Advanced smart car cockpits provide a route to scaling pillar to pillar displays, especially for premium cars,” says a Fact.MR analyst.
Sales in the U.S. Will Drive Demand for P2P Displays:
Automotive Grade Linux (AGL) is promoting linked cars by expediting auto infotainment applications. To accelerate the acceptance and development of completely open software stacks for connected automobiles, a collaborative project called AGL is bringing together technology companies, suppliers, and automakers.
As auto infotainment systems have already captured significant market share in the U.S automobile market, the emergence of P2P displays would be a stepping stone for automakers to leverage and generate ample revenue opportunities.
The pillar to pillar display market in the United States is expected to capture a market share of nearly 32% in 2024, and further expand rapidly at 18.5% CAGR from 2024 to 2032.
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Segmentation of P2P Display Industry Research
Market Development Pillar to pillar displays are at the developing stage as the commercialization of the product is yet to boom. Manufacturers such as Continental, LG, and Denso are leading the race to capture a significant market share through collaborations with leading automakers.
The market is expected to take a leap post-adoption by market leaders, while tier-2 car brands will be following the trend with the inclusion of pillar to pillar display OLED technology.
The market will be highly consolidated with only a limited numbers of players operating in the space till 2026. However, it is anticipated that mass production and competitive pricing would lead to an increase in the number of market entrants after that.
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More Valuable Insights on Offer Fact.MR, in its new offering, presents an unbiased analysis of the global pillar to pillar display market, presenting forecast statistics for the period of 2022-2032. The study reveals essential insights on the basis of display type (S, V, C, L) and sales channel (OEMs, aftermarket), across major regions of the world (Americas, EMEA, Asia Pacific).
Fact.MR’s Domain Knowledge in ICT Division Expert analysis, actionable insights, and strategic recommendations of the highly seasoned ICT team at Fact.MR helps clients from across the globe with their unique business intelligence needs With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the ICT domain across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help
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