Automotive Display Units Market Set to Surge, Projected to Reach US$ 69.1 Billion by 2033

The global automotive display units market in 2022 was US$ 36.2 billion and is estimated to be US$ 37.23 billion in 2023. FMI states in its reports that the automotive display units market will expand at a CAGR of 6.41% between 2023 and 2033, totaling around US$ 69.1 billion by 2033.

Technological advancements in automotive display units are estimated to become more important due to the increasing penetration of navigation display systems, software, and various display technologies in automobiles. Moreover, automakers are focusing on head-up displays and navigation systems in their vehicles in order to increase safety features.

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Stringent safety rules and regulations in countries such as Germany, the U.S., France, and Italy are compelling automotive manufacturers to raise the safety standards in their vehicles. To improve vehicle safety, automakers are trying to implement digital rearview mirrors and pillar mirrors to reduce blind spots in vehicles, which is expected to support the demand for TFT, LCD, and AMOLED displays in the automotive display units market.

Key Takeaways from the Market Study

The global automotive display unit market expanded at a CAGR of 5.2% between 2017 and 2022.
North America has captured a market share of 33.6% in 2022.
United States has attained a market share of 30.9% in 2022.
United Kingdom was estimated to record a 5.23% CAGR from 2023 to 2033.
Under product type, the full digital segment captured a market share of 67.1% in 2022.
Under vehicle type, mid-size vehicle cars attained to have a market share of 75.4%.

"The rise in the on-road automotive fleet size is one of the major key factors to increase the overall demand for automotive display units in the forecast period", comments a Future Market Insights analyst.

Competitive Landscape

Attributed to the presence of such a high number of participants, the market is highly competitive. An automotive display units market report also contains projections using a suitable set of assumptions and methodologies. Global automotive display units research report provides analysis and information according to market segments such as geographies, applications, and industries.

Key Companies Profiled

Continental AG
Robert Bosch
Panasonic Corporation
Denso Corporation
Magna International
LG Display Co. Ltd
Valeo SA
Delphi Automotive
Kyocera Corporation
AU Optronics
Japan Display Inc.
Alpine Electronics Inc.
Pioneer Corporation
Visteon Corporation
Garmin Ltd.

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Some new developments are-

In November 2022, LG Display invested $2.8 billion in light-emitting diode facilities.
In July 2023, Pioneer supplied P.T. Toyota Motor Manufacturing Indonesia with its display audio units to be factory-installed in all hybrid variants and the S gasoline version of the new Toyota Yaris Cross, which debuted in Indonesia in May 2023.

Automotive Display Units Market

By Product Type:

Full Digital
Navigation Display
HUD
Digital Side Mirror
Digital Rear View Mirror
Rear Seat Display
Rear Seat Control

By Vehicle Type:

Compact Car
Mid-Size Car
SUV
Luxury Car
LCV
HCV

By Display Size:

12.x Inch

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By Touch Type:

With touch
Without touch

By View Type:

2D
3D

By Technology Type:

TFTLCD
PMOLED
PMLCD
AMOLED

By Screen Format:

Standard
Wide

By Sales Channel:

OEM
Aftermarket

By Resolution:

Pixel formats
Pixel numbers

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.