Automotive Display Market Outlook to 2025| Top Players Continental, HARMAN International, Magneti Marelli, Denso, Visteon, YAZAKI Corporation
The growing inclination of automakers toward larger displays is contributing significantly to the growth of the automotive display market. The size of the screens in vehicles with the trend of integrating several features for showing more information to the driver. The automotive display market has seen some of the largest displays implemented in cars such as Tesla model S, Mercedes-Benz S class, and Byton’s largest 48’ display.
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BMW, Jaguar, and Mercedes-Benz have already implemented head-up displays and augmented reality in their high-end models. Denso’s 24’ largest head-up display and full windshield head-up display by Sun Innovations are some of the examples of the adoption of larger head-up displays in the automotive display market for providing more information to the driver.
4. HARMAN International
5. Hyundai Mobis
6. Magneti Marelli
7. Mitsubhishi Electric
8. MTA S.p.A.
9. Nippon Seiki
10. Panasonic Automotive Systems
11. Simco Ltd.
14. YAZAKI Corporation
Center stack displays hold a major revenue share of the automotive display market and head-up displays is the fastest growing segment. Increasing regulations regarding passenger safety is propelling automakers to integrate advanced features in their cars. Due to the growing need for vehicle safety, head-up displays have become a popular feature in passenger cars. Head-up displays are being integrated with technologies, such as augmented reality, which show situation-specific information including external objects, their distance from car & warning before collisions, making it possible to provide all necessary information directly on car’s windshield and reducing driver’s distraction from the road.
Customers have become more demanding for in-vehicle infotainment systems with manufacturers trying to tap the market potential by building competitive advantage through product innovation. Companies are launching larger display systems with better quality and making a transition towards digitalized instrument clusters. Moreover, the automotive display market will flourish in the future with the increasing popularity of head-up displays and rear-seat entertainment displays.
Industry Growth drivers:
1. Flourishing automotive production globally
2. Increasing demand for connected vehicles in North America and Europe
3. Increasing demand for augmented reality-based HUDs
4. Growing demand for digital instrument clusters
5. R&D activities in automotive displays to drive growth
6. Shifting automotive manufacturing in Asia Pacific
7. Growing need for in-vehicle entertainment creating opportunities for rear seat entertainment
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Recent developments in OLED and QLED panels is allowing automakers to design and implement curved, flexible, and transparent displays, propelling automotive display market. LG and Samsung are focusing on such display panels. The transparent thin films embedded with windshields and head-up displays have become more capable with improved visibility under bright light and sharp images. Currently, most of the displays used in cars are TFT LCD displays, but OLED panels are becoming increasingly popular and are expected to be adopted majorly in the automotive display market.
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Continental AG, Visteon, Panasonic Automotive Systems, Denso, and Robert Bosch are the key players in the industry, offering different products such as instrument clusters, head-up displays, etc.
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