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Automotive LCD Display Market Expected to Reach $12.2 Billion, Globally, By 2031 at 5.6% CAGR: Allied Market ResearchThe expansion of production LCD displays and their increased importance in automotive products drive the growth of the global automotive LCD display market. PORTLAND, Ore., Dec. 1, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Automotive LCD Display Market By Display Size (Upto 7 inch, and More than 7 inch), Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global automotive LCD display industry generated $7.2 billion in 2021, and is anticipated to generate $12.2 billion by 2031, witnessing a CAGR of 5.6% from 2022 to 2031. 
Prime determinants of growth The expansion of production LCD displays and their increased importance in automotive products drive the growth of the global automotive LCD display market. However, restricted view angle of LCD displays restricts the market growth. Moreover, increase in use of AR and VR devices in displays present new opportunities for the market in the coming years. Report Coverage and Details:
The Upto 7 inch segment to maintain its leadership status throughout the forecast period Based on display size, the upto 7 inch segment held the highest market share in 2021, accounting for more than half of the global automotive LCD display market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 5.7% from 2022 to 2031. The increase in combination of electronic systems with safety and security features and rise in use of in-vehicle smart display applications are the factors leading toward the adoption of autonomous and semiautonomous vehicles ranging between 6" and 7" inches, thereby accelerating the segment's demand. The report also mentions more than 7 inch segment. The Passenger Car segment to maintain its leadership status throughout the forecast period Based on vehicle type, the passenger car segment held the highest market share in 2021, accounting for nearly two-thirds of the global automotive LCD display market, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the huge demand for passenger cars throughout the world. However, the light commercial vehicle segment is projected to manifest the highest CAGR of 7.2% from 2022 to 2031, due to the adoption of advanced technologies. Asia-Pacific to maintain its dominance by 2031 Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for more than one-third of the global automotive LCD display market, and is likely to dominate the market during the forecast period. Moreover, the same region is expected to witness the fastest CAGR of 6.2% from 2022 to 2031. Surge in demand for interactive display, video walls, and touchscreen technology in this region, is expected to boost the market growth. The report also discusses other regions including the North America, Europe, and LAMEA. Interested to Procure the Data? Inquire Here (Get Full Insights in PDF - 178 Pages): https://www.alliedmarketresearch.com/purchase-enquiry/32043 Leading Market Players:
Key Benefits For Stakeholders:
Automotive LCD Display Market Key Segments: By Display Size:
By Vehicle Type:
By Region:
Buy this Research Report at Discounted Price @ https://bit.ly/3XI1hOt Trending Reports in Semiconductor and Electronics Industry (Book Now with 10% Discount + COVID-19 Scenario): Display Market By Application (Smartphone & Tablet, Smart Wearable, Television & Digital Signage, PC & Laptop, Vehicle Display, and Others), Technology (OLED, Quantum Dot, LED, LCD, E-PAPER, and Others), Industry Vertical (Healthcare, Consumer Electronics, BFSI, Retail, Military & Defense, Automotive, and Others), Display Type (Flat Panel Display, Flexible Panel Display, and Transparent Panel Display): Global Opportunity Analysis and Industry Forecast, 2021-2031 3D Display Market By Type (Volumetric Display, Stereoscopic, and HMD), Technology (DLP RPTV, PDP, OLED, and LED), Access Method (Screen Based Display and Micro Display), and Application (TV, Smartphones, Monitor, Mobile Computing Devices, Projectors, HMD, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030 Holographic Display Market By Component (Light Modulator, Scanner, Lens, Digital Micrometer, and Monitor), Technology (Electro-Holographic, Touchable, Laser, and Piston), Dimension (2D, 3D, and 4D), End Use (Camera, Digital Signage, Medical Imaging [CT & MRI, and UT], Smart TV, Laptops, and Others), and Industry Vertical (Consumer Electronics, Retail, Medical, Industrial, Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030 Screenless Display Market By Type (Visual Image, Retinal Display, and Synaptic Interface), Application (Holographic Projection, Head-mounted Display, Head-up Display, and Others), Industry Vertical (Aerospace & Defense, Automotive, Healthcare, Consumer Electronics, Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2030 E-Paper Display Market By Product (Auxiliary Display, Electronic Shelf Labels, E-Readers, and Others), Application (Consumer and Wearable Electronics, Institutional, Media and Entertainment, Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2030 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
SOURCE Allied Market Research 
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