It is projected that the Embedded Display Market would develop significantly, with a compound annual growth rate (CAGR) of 6.9% from 2020 to 2025, reaching USD 24.4 billion.

The MarketsandMarketsTM market research report includes this growth prediction, which accounts for the effects of COVID-19. Innovations in display technologies, such as LCD, LED, OLED, and others, across a range of applications, are driving the industry. Important industries supporting this growth include wearables and fitness equipment, home automation, HVAC systems, and car displays. Throughout the forecast period, technical advancements in conjunction with the growing integration of displays into a wider range of devices are anticipated to propel the market's growth trajectory and establish embedded displays as an essential element of contemporary electronic applications.

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The embedded display market is expanding rapidly due to a number of important factors. The development of embedded display interface technology and the quick adoption of automation across a range of industries—particularly spurred by the COVID-19 pandemic—stand out as the primary drivers of this market's growth. The global need for digital signage and interactive displays is increasing, which supports the market's overall expansion for integrated displays. These developments highlight the growing significance of embedded displays as vital elements in a diverse range of applications, mirroring the changing terrain of technology integration across multiple industries.

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

The embedded display market's portable devices sector is expected to rise at a faster rate over the course of the forecast period, suggesting that it is ripe for major expansion. The spike in popularity is ascribed to the several benefits linked with portable electronics. They are notable for having multi-touch panel capabilities, which improve user interaction while still being manageable. A wide range of industries use portable devices, such as wearables, monitors, smart displays, point-of-sale (POS) machines, medical devices, and human-machine interfaces (HMI). It is anticipated that the continuous commercialization of the Internet of Things (IoT) will increase demand for portable devices and reinforce their key position in the embedded display market.

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

By 2025, the embedded display market is expected to be dominated by the automotive displays segment, which is expected to have the greatest market share. The growing demand for electric, hybrid, and semi-autonomous vehicles among consumers is one of the main factors propelling the growth of the automotive embedded display market. By incorporating digital connectivity technologies into their cars, automakers are actively working to give consumers an intuitive driving experience. It is anticipated that this combined effort will increase demand for automotive displays, which include head-up displays (HUD), central stack systems, digital instrument clusters, navigation systems, and rear-seat entertainment screens. This will help the segment maintain its dominant market share.

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North America is projected to hold largest share of embedded display market in 2025

By 2025, North America is expected to hold the top spot in the embedded display industry. It is expected that the growing focus on manufacturing, assembly, and supply chain automation in a variety of industries would propel the use of smart systems with embedded displays in a range of applications. The growing need for smart buildings and residences, which advances the concept of smart cities, is another factor driving the growth of the embedded display market in the region. North American governments have launched a number of initiatives to encourage the development of smart cities, which has increased consumer demand for home automation products. It is anticipated that the combined developments will have a major impact on the growth of the embedded display industry in North America.

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.

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