Press release
Automotive Display Market Witness Substantial Growth of CAGR in the Upcoming years by 2032
Automotive Display Market
The Automotive Display Market is experiencing a remarkable transformation, driven by the increasing integration of advanced display technologies in vehicles. As automotive manufacturers strive to enhance the driving experience, the demand for high-resolution, multifunctional displays has surged. These displays are not just limited to traditional instrument clusters but have expanded to include infotainment systems, heads-up displays (HUDs), and advanced driver assistance systems (ADAS) interfaces.
According to MRFR analysis, the global automotive display market is expected to register a CAGR of ~7.48% from 2024 to 2030 and hold a value of over USD 16.2 Billion by 2032.
The automotive display market refers to the market for displays used in vehicles, including passenger cars, commercial vehicles, and off-highway vehicles.
These displays are used for a variety of purposes, such as displaying vehicle information, navigation, infotainment, and driver assistance systems. The COVID-19 pandemic had a significant impact on the automotive industry, including the automotive display market.
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The pandemic disrupted global supply chains, leading to shortages of materials and components needed for the production of displays. It also caused a decrease in demand for vehicles, which led to a decrease in demand for automotive displays. However, as the pandemic is slowly being brought under control, the automotive industry is expected to recover, leading to a rebound in demand for automotive displays.
Key Players
LG Display Co. Ltd
Panasonic Corporation
Delphi Technologies
Robert Bosch GmbH
Visteon Corporation
Continental AG
3M Company
Nippon Seiki Co. Ltd
Magneti Marelli S.p.A
Qualcomm Technologies Inc among others
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Regional Analysis
The automotive display market is divided into several regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is the largest market for automotive displays, accounting for the majority of the global market share. This is due to the increasing demand for vehicles in the region, particularly in China and India.
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The growing middle-class population in these countries is driving demand for vehicles equipped with advanced features, including displays. North America and Europe are also significant markets for automotive displays, driven by the presence of major automotive manufacturers and a high level of consumer demand for advanced vehicle features. Latin America and the Middle East and Africa are smaller markets for automotive displays, but they are expected to experience significant growth in the coming years as vehicle ownership rates increase in these regions.
Automotive Display Market Rising Trends
Increasing Demand for Connected Cars: With the growing popularity of connected cars, automotive displays have become an essential interface for drivers to access various infotainment and communication features seamlessly. Consumers expect intuitive and user-friendly displays that can integrate with smartphones and other devices.
Adoption of Advanced Driver Assistance Systems (ADAS): The integration of ADAS features in vehicles has led to the demand for sophisticated displays that can show real-time data from sensors, cameras, and other components. Displays with high resolution and clarity are necessary to effectively convey critical information to the driver.
Rise of Electric and Autonomous Vehicles: The rise of electric and autonomous vehicles has created new opportunities for innovative display technologies. In autonomous vehicles, the display becomes even more critical as it acts as the primary interface for passengers who are not focused on driving.
Augmented Reality (AR) Displays: AR displays are gaining traction in the automotive industry, providing drivers with enhanced navigation and safety information. These displays can overlay route directions and other relevant data onto the real-world view, reducing the need for drivers to look away from the road.
Flexible and Curved Displays: Automotive manufacturers are exploring flexible and curved display technologies that can fit into different areas of the vehicle's interior seamlessly. These displays offer a more aesthetically pleasing design and allow for creative integration within the car's dashboard.
Market Segmentation
The Global automotive display market has been segmented into type, application, and Display Size.
Based on Application: Telematics, Navigation and Infotainment
Based on Type: TFT LCD, PMOLED and AMOLED
Based on Display Size: 3"-5", 6"-10", Greater than 10
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