Beyond Boundaries: How the $24.4 Billion Embedded Display Market is Reshaping Industries

Forecasts predict that the Embedded Display Market will increase significantly, from an expected USD 17.7 billion in 2020 to an astonishing USD 24.4 billion by 2025. This projected expansion represents a noteworthy Compound Annual Growth Rate (CAGR) of 6.9% from 2020 to 2025. Embedded display technologies are poised to play a crucial part in a variety of industries as the industry continues to develop, pushing innovation and the integration of cutting-edge visual solutions across a broad range of applications.

Several important factors that interact to form a promising trajectory are what are driving the growth of the embedded display market. In particular, improvements in embedded display interface technologies stand out as a key element, fueling the market's growth. The consequences of the COVID-19 pandemic have also increased the quick adoption of automation across a variety of industries, which has further expedited the market's growth. The increased demand for digital signage and interactive displays on a global scale also plays a significant role in determining the market's increasing trend. All of these elements work together to create a favourable climate for the market for embedded displays to grow strongly.

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Embedded Display Market

The portable device segment to register higher CAGR during the forecast period

Over the course of the forecast period, the portable devices segment of the embedded display market is anticipated to have a much higher compound annual growth rate (CAGR). The many benefits that come with portable gadgets might be credited for this astounding increase. These gadgets, which have multi-touch panel capabilities, provide a higher level of engagement while still being easy to use. Their adaptability finds use in a variety of industries, including POS (point of sale) equipment, wearable technology, smart displays, medical equipment, and human-machine interfaces (HMI), among others. In particular, it is projected that the ongoing commercialization of the Internet of Things (IoT) would act as a catalyst, driving the demand for portable devices to record highs throughout the course of the forecast period.

The increase in consumer demand for electric, hybrid, and semi-autonomous vehicles to drive demand for automobile displays

In 2025, the automotive displays market category with embedded displays is expected to have a sizable market share. This popularity is linked to consumers' growing preference for electric, hybrid, and semi-autonomous vehicles, which is fostering the growth of embedded screens in automobiles. Automakers are actively bucking this trend by working to improve the driving experience in their vehicles with user-friendly interfaces and digital connectivity capabilities. In light of the changing landscape of automotive technology, it is anticipated that demand for automobile displays integrated into a variety of aspects of the vehicle, such as digital instrument clusters, central stack systems, Head-Up Displays (HUD), navigation interfaces, and rear-seat entertainment screens, will increase significantly.

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North America is projected to hold largest share of Embedded Display Market in 2025

In 2025, the automotive displays market category with embedded displays is expected to have a sizable market share. This popularity is linked to consumers' growing preference for electric, hybrid, and semi-autonomous vehicles, which is fostering the growth of embedded screens in automobiles. Automakers are actively bucking this trend by working to improve the driving experience in their vehicles with user-friendly interfaces and digital connectivity capabilities. In light of the changing landscape of automotive technology, it is anticipated that demand for automobile displays integrated into a variety of aspects of the vehicle, such as digital instrument clusters, central stack systems, Head-Up Displays (HUD), navigation interfaces, and rear-seat entertainment screens, will increase significantly.

Key Players

Avnet, Inc., Ansys, Emerging Display Technologies (EDT), Winstar Display, Alita, Green Hills Software (GHS), Microsoft, Planar Systems, Intel, and Anders Electronics are the key players in the Global Embedded Display Market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, collaborations, and acquisitions to increase their market share.

News Covered:

https://www.prnewswire.com/news-releases/embedded-display-market-worth-24-4-billion-by-2025--exclusive-report-by-marketsandmarkets-301127447.html 

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