Further, the reducing cost of components, such as controllers, touch sensors, and software drivers, is encouraging the end users including retailers to adopt advanced systems, boosting the industry growth
The deployment of technologically-advanced systems such as smart ATMs and NFC-enabled POS systems will propel the display market growth.
The deployment of smart and next-generation ATMs is increasing owing to their ability to reduce the number of bank branches and perform on-the-go banking by providing services such as money transfer, cash deposit, and check clearance.
POS display manufacturers are increasingly focusing on offering advanced units, for instance, interactive POS displays, where they are equipped with sensors to detect individuals in proximity, etc.
Some retailers have also combined digital POS displays with mobile client applications to bring an enhanced personalization to the customers’ shopping journey.
Government initiatives, such as demonetization in India, have increased the POS usage considerably in the past few years.
Global Automotive Smart Display Market Research Report: By Display Technology (Liquid Crystal Display (LCD), Thin-film Transistor Liquid Crystal Display (TFT-LCD), and Others), Driving Level (Semi-Autonomous and Conventional), Display Size (Up to 5”, 5’-10”, and Above 10”), Vehicle Type (Passenger Car and Commercial Vehicle), Propulsion (ICE and Electric Vehicle), Sales Channel (OEM and Aftermarket), and Region (North America, Europe, Asia-Pacific, and Rest of the World)– Forecast till 2025
Smart display is a wireless touch screen device designed to use in automobiles for providing distraction-free access to multimedia functions, driver safety features, navigation, and real-time diagnostics of the vehicle including fuel capacity, battery temperature, tire pressure, and engine heat indicators.
Automotive smart display can reduce accidents by eliminating the distraction caused by looking around for details required.
The high power consumption, cyber security threat due to vehicle telematics, high cost of the display, and lack of luminance are considered as the key factors restraining the growth of this market.
On the basis of propulsion, the automotive smart display market has been segmented into ICE and electric vehicle.
The aftermarket segment is witnessing a higher growth over the forecast period due to growing aftersales service market and expansion of aftermarket service centers in developing countries like China, India, Brazil, Saudi Arabia, Mexico, and Argentina.
