Electric Logistics Vehicle Market was valued at USD 8.5 Billion in 2022 and is projected to reach USD 25.3 Billion by 2030, growing at a CAGR of 18.2% from 2024 to 2030.
During these years, the automotive LCD display market reached new heights in terms of both volume and revenue. Automotive LCD displays were incorporated in various vehicle models across different segments, including luxury, mid-range, and economy vehicles. The popularity of electric vehicles (EVs) further fueled the demand for sophisticated infotainment systems and enhanced display technologies, setting a trend in the automotive industry that lasted through 2022. The integration of digital cockpit systems and the rise of larger display panels with touch functionality became critical differentiators in the automotive sector.
As the automotive industry enters a new phase of growth from 2023 to 2033, the demand for automotive LCD displays is expected to experience a shift. While the market continues to grow, there is a strong emphasis on evolving trends, such as the increasing implementation of OLED (Organic Light Emitting Diode) displays, touchscreen integration, and virtual instrument clusters. In addition, the rise of augmented reality (AR) dashboards, coupled with advancements in autonomous driving, is likely to boost demand for more dynamic and interactive display systems.
With the push towards sustainability, automakers are also keen on reducing weight and improving fuel efficiency, which will lead to a demand for thinner and more energy-efficient displays. Automotive manufacturers are likely to focus on creating high-resolution displays that seamlessly integrate with driver assistance systems, enabling better interaction with advanced safety features. Alongside, the growing popularity of in-vehicle wireless connectivity and smartphone integration will further influence the development of automotive LCD displays. In addition, the rise of electric vehicles and the need for real-time data visualization are expected to lead to the adoption of more sophisticated and user-friendly display solutions.
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The automotive LCD display market experienced significant growth from 2018 to 2022. A surge in demand for advanced digital dashboards, infotainment systems, and high-resolution displays drove the market during this period. The key growth drivers included the increasing consumer preference for high-tech in-car experiences, advancements in autonomous driving, and rising integration of smart technologies into vehicles. As automakers focused on enhancing vehicle aesthetics and providing real-time data, the need for automotive LCD displays soared.
Dongfeng Motor
Smith Electric Vehicles
StreetScooter
Chongqing Lifan
Baic Motor
BYD
Nissan
EMOSS
Peugeot
Renault
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Logistics Vehicle Market
Express Postal Service
Online Retailers
Others
Based on Types the Market is categorized into Below types that held the largest Electric Logistics Vehicle market share In 2023.
Heavy Electric Logistics Vehicle
Light Electric Logistics Vehicle
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electric Logistics Vehicle Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electric Logistics Vehicle Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Logistics Vehicle Market, By Type
6. Global Electric Logistics Vehicle Market, By Application
7. Global Electric Logistics Vehicle Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electric Logistics Vehicle Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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