New York, NY, Feb. 05, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Cockpit Display Market for Land Vehicle by Vehicle (Automotive, Tactical Vehicles, Trains, and Others), by Display (Driver Assist Display and Mission Display), and by Display Size (Below 5 Inches, Between 5 and 10 Inches, and Above 10 Inches): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global cockpit display market for land vehicle accounted for USD 4,132 million in 2018 and is expected to reach around USD 5,024 million by 2025, at a CAGR of 2.8% between 2019 and 2025.
Cockpit display systems (CDS) offer increased visibility and guide the driver or pilot. These systems act as an interface and bridge the gap between humans and machines. These systems are central to various critical applications of numerous vehicles, trains, and aircrafts.
Browse through 66 Tables & 26 Figures spread over 124 Pages and in-depth TOC on “Global Cockpit Display Market: Type, Application, Size, Industry Share, Segments, Analysis and Forecast, 2018—2025”.
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The global cockpit display market for land vehicle is anticipated to witness tremendous growth in the future, owing to its increasing product usage in vehicles. With technological breakthroughs, cockpit providers are focusing on upgrading solutions so that they are compatible with other smart devices in the IoT network to cater to the various end-users’ demand. This has led most of the automotive original equipment manufacturers (OEMs) to incorporate various solutions, such as Android auto and Apple car play in their models. The rising demand for advanced cockpit displays in trains is anticipated to fuel the cockpit display market for land vehicle in the future. The introduction of autonomous vehicles with high-security features is another factor likely to boost the cockpit display market for land vehicle globally in the future.
The global cockpit display market for land vehicle is segmented on the basis of vehicle, display, and display size. By vehicle, global cockpit display market for land vehicle is segmented into automotive, tactical vehicles, trains, and others. The automotive segment is estimated to hold a noticeable share of this global market in the future. Driver assists display and mission display form the display segment of the global cockpit display market for land vehicle. The driver assist display segment is projected to grow notably in the upcoming years, owing to its adoption in various automotive. Below 5 inches, between 5 and 10 inches, and above 10 inches comprise the display size segment of this market.
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By region, North America is likely to hold a significant share of the global cockpit display market for land vehicle over the estimated timeframe. The U.S. is a major contributor to the North American cockpit display market for land vehicle, owing to the increased expenditure related to defense activities. In 2018, the U.S. Department of Defense proposed a budget of USD 640 billion, which includes investments of USD 1.1 Billion for 2,647 joint light tactical vehicles. The number of joint light tactical vehicles increased to 5,113 in 2018, with the budget reaching USD 2 Billion.
Europe is anticipated to witness a considerable rise in the demand for cockpit display for land vehicles due to the thriving automotive sector. Numerous automotive manufacturers are aiming to improve their vehicles display units considering the introduction of autonomous or self-driven vehicles, which, in turn, is projected to boost the European cockpit display market for land vehicle over the forecast timeline. The European cockpit display market for land vehicle is also driven by the ever-increasing demand for technologically advanced display units in the automotive sector. UK and Germany are likely to be the key contributors in terms of revenue for this region. It is apparent that informant function will play a crucial role in autonomous vehicles.
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Asia Pacific region is expected to grow considerably in the global cockpit display market for land vehicle over the estimated timeframe. India and China are considered to be the key business destinations in this region, owing to the rising expenditure on using cockpit display technology in trains. In 2018, China announced its plans to invest around USD 105.2 billion in rail-related projects. These investments are driven by China’s plan to develop next-gen bullet trains. In 2018, India announced the launch of the bullet train project that is valued at around USD 17 billion.
Latin America is anticipated to make important contributions toward the growth of the global cockpit display market for land vehicle over the forecast time period. Considering the mass vehicle production, Brazil is considered the most lucrative nation in this region. The annual vehicle production of the country in 2017 was around 2.7 million units, an increase of more than 25% from 2016. Furthermore, the Brazilian government is taking initiatives to attract automotive manufacturers for conducting their business operations in the country.
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Some key participants of the cockpit display market for land vehicle are Continental AG, AU Optronics Corp., Japan Display Inc., Garmin Ltd., Innolux Corp., Texas Instruments Inc., Rockwell Collins, Inc., Alpine Electronics, Inc., General Dynamics Canada Ltd., and Esterline Technologies Corp., among others.
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This report segments the global cockpit display market for land vehicle into:
Global Cockpit Display Market for Land Vehicle: Vehicle Analysis
Global Cockpit Display Market for Land Vehicle: Display Analysis
Global Cockpit Display Market for Land Vehicle: Display Size Analysis
Global Cockpit Display Market for Land Vehicle: Regional Analysis
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