MarkNtel Advisors recently published a report, titled, ” Global Automotive Multifunction Display Market By Display Size (Less than 5’, 5’-10’, Greater than 10’), By Display Type (LCD, TFT-LCD, OLED, LED), By Type (Conventional Display, Touchscreen), By Application (Digital Instrument Cluster, Centre Stack, Head-up Display, Rear Seat Entertainment), By Demand Type (Original Equipment Manufacturer [OEM], Replacement),. As per as the report The Global Automotive Multifunction Display market is projected to grow at a CAGR of around 5.57% during the forecast period, i.e., 2023-28.
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Possible Restraint: Involvement of High Costs in Software Upgrades
The use of a multifunction display is completely dependent on the technology & its timely update. The changes within the software of the multifunction display incurs a heavy cost, thereby hindering the growth of the Automotive Multifunction Display.
The users or drivers even have the option to use smart mobile devices such as smartphones, voice assistants, etc., to serve the same purposes like display of navigation & directions, integration of devices, voice recognition, etc., without even shifting to multifunction display. Thus, these factors have emerged as a major challenge to the growth of the market.
Leading Companies in Global Automotive Multifunction Display Market:
Innolux Corp., Continental AG, Denso, Garmin Ltd., Nippon Seiki Ltd., Aptiv Inc., Pioneer Corporation, Aspen Avionics, Samtel Group, Visteon Corporation, Japan Display Inc., Futaba, LG Display, Socionext Inc., Yazaki.
Global Automotive Multifunction Display Market Segmentation:
By Display Size
-Less than 5’
-5’-10’
-Greater than 10’
By Display Type
-LCD
-TFT-LCD
-OLED
-LED
By Type
-Conventional Display
-Touchscreen
By Application
-Digital Instrument Cluster
-Centre Stack
-Head-up Display
-Rear Seat Entertainment
By Demand Type
-Original Equipment Manufacturer (OEM)
-Replacement
By Vehicle Type
-Passenger Car
-Commercial Vehicle
-Light Commercial Vehicle
-Medium & Heavy Commercial Vehicle
Get Full Access Of Global Automotive Multifunction Display Market Report : https://www.marknteladvisors.com/research-library/automotive-multifunction-display-market.html
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia Pacific.
Key questions answered in the Global Automotive Multifunction Display Market are:
•What is Global Automotive Multifunction Display Market?
•What was the market size in 2023?
•What is the growth rate of the Global Automotive Multifunction Display Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Automotive Multifunction Display Market?
•What segments are covered in the Market?
•Who are the key players in the Global Automotive Multifunction Display Market?
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