Automotive Monitor Touch Market Volume Forecast and Value Chain Analysis 2018-2028
Monitor touch screens are the basic interface system used in various
electronic equipment due to their user-friendly functioning
characteristic. The trend towards growing adoption of monitor touch
technology has evolved across major sectors and has now emerged in the
automotive sector. Automotive monitor touch has become a vital inclusion
for the vehicular telecommunications and information system. Automotive
manufacturers are increasingly providing monitor touch screen control,
as well as entrainment system, in their vehicles and utilizing monitor
touch technology as a vibrant tool for marketing. The ease in the
functioning and attractive aesthetic features has led towards growing
popularity of monitor touch among the consumers.
Automotive Monitor Touch Market: Dynamics
The
key driving factor of the global automotive monitor touch market
includes relentlessly increasing population, which have resulted in
increased demand for premium, as well as non-premium vehicles SUVs,
across all major developing economies. The macroeconomic factors, such
as growing urbanization & industrial activities coupled with up
gradation of living lifestyle and an increase in demand for luxury,
comfort and in-car entrainment system in vehicles across many countries,
is further augmenting the sales of automotive monitor touch. The
significant increase in the sales of hybrid, as well as electric
vehicles, owing to the rise in the awareness, regarding carbon footprint
reduction, which is highly anticipated to drive the global automotive
monitor touch market.
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Moreover,
considerable growth in the Asian & European automotive sector and
technological advancement in traditional automotive display system will
create a significant opportunity for the global automotive monitor touch
market. Furthermore, the upsurge in the display technology utilized for
the automobile is highly anticipated to boost the demand for automotive
monitor touch. As automotive monitor touch is installed to provide ease
in functioning over the display panel and offer ideal comfort for the
occupant, Automotive Monitor Touch is gaining huge recognition across
all regions. All the above mentioned major influencing factors are
highly anticipated to drive the global automotive monitor touch market
over the forecast period. The key restraining factor, such as high cost
of insulation material, may hinder the global automotive monitor touch
market growth over the forecast period.
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Centre Stack Display by the application in the automotive monitor touch market is estimated to account for a significant market share over the forecast period. The prime advantages associated with centre stack display is its centre positioning with maximum visibility and high functionality, making centre stack display an ideal choice for manufacturing automotive monitor touch. On the other hand, among vehicle type segment, the passenger cars are anticipated to see rapid market growth over the forecast period, attributed to increasing vehicle production along with growing demand for premium vehicles. Automotive Monitor Touch Market: Regional Outlook Based on geographies, the global automotive monitor touch market is segmented into seven regions: North America, Latin America, Europe, CIS & Russia, Japan, APEJ (the Asia Pacific excluding Japan) and MEA.
Among the above-mentioned countries, APEJ is estimated to account for an outstanding market share in automotive monitor touch market due to the amplified production of passenger cars and electric vehicles in countries, such as China, India, Indonesia and Australia. Europe is anticipated to observe a high growth in the global automotive monitor touch market owing to the existence of top automobile manufacturing companies. Moreover, Middle East & Africa is projected to showcase stable growth in the global automotive monitor touch market due to the rise in the sale of premium cars along with an enhancement in the standard of living across the region.
North America is one of the key maturing regions that will generate generous opportunity in the global automotive monitor touch market over the forecast period due to the rise in electric and hybrid vehicles. Automotive Monitor Touch Market: Prominent players Prominent players for the global automotive monitor touch market are Robert Bosch GmbH, Fujitsu, Synaptics Incorporated, Valeo, Dawar Technologies, Cypress Semiconductor Corporation, Harman International Industries Inc., Microchip Technology Inc., Delphi Automotive LLP, Touch Netix and other key market players. The automotive monitor touch market comprises of well-diversified global and regional players with the global vendors dominant in the market.
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