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Automotive Display System Market Size Forecasted To Achieve $47.37 Billion By 2029 With Steady Growth
The Automotive Display System Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Automotive Display System Market Size and Projected Growth Rate?
The market for automotive display systems has seen significant expansion in the past few years. The projected growth shows an upward trend from $23.83 billion in 2024 to $27.37 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.9%. Factors contributing to this growth throughout the historic phase includes increasing consumer demand for infotainment, greater emphasis on safety and driver help requirements, guidelines and standards set by regulatory bodies, the demand for in-car connectivity, consumers' inclination toward high-end features, intense market competition, and differentiation.
The market size of the automotive display system is predicted to witness a swift expansion in the coming years, escalating to a value of $47.37 billion by 2029 with a compound annual growth rate (CAGR) of 14.7%. The projected growth during this period is highly influenced by factors such as the emergence of electric and self-driving vehicles, the incorporation of augmented reality, attention to user experience (UX), persistent demands for connectivity, and integration of smart cities and infrastructure. Key trends expected in the forecast period encompass the rise of lightweight and flexible display technologies, leaps in automotive technology such as augmented reality (AR) head-up displays (HUDs), the growing preference for digital cockpits, the emergence of curved and flexible displays, and a surge in the application of transparent displays.
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What Are the Major Segments in the Automotive Display System Market?
The automotive display system market covered in this report is segmented -
1) By Product Type: Center Stack Display, Camera Information Display, Reconfigurable Instrument Cluster, Driver Information Display, Rear Seat Entertainment, Head-Up Display
2) By Technology: LCD, OLED
3) By Screen Size: < 5' Inch, >5'-10' Inch, >10" Inch
4) By Vehicle Type: Mid-Size Car, Luxury Car, SUVs And Crossovers, Light Commercial Vehicles, Other Vehicles
Subsegments:
1) By Center Stack Display: Touchscreen Displays, Non-Touch Displays
2) By Camera Information Display: Rearview Camera Displays, Surround View Camera Displays
3) By Reconfigurable Instrument Cluster: Digital Instrument Clusters, Analog-Digital Hybrid Clusters
4) By Driver Information Display: Multi-Function Displays, Speed And Fuel Efficiency Displays
5) By Rear Seat Entertainment: Overhead Monitors, Seatback Displays
6) By Head-Up Display: Conventional HUDs, Augmented Reality HUDs
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What Are The Driving Automotive Display System Market Evolution?
Increasing vehicle production is anticipated to stimulate the growth of the automotive display system market. Vehicle production refers to the large-scale manufacturing of identical models of cars or other vehicles. An automotive display system denotes the arrangement that shows relevant automobile information to convey significant details to the vehicle operator. Because of the advantages offered, there's a surge in demand for such systems to augment vehicle safety. For example, a September 2023 report from MarkLines Co. Ltd., a Japanese advertising firm, indicated a 12.7% rise in passenger car sales in August to a total of 280,223 units, leading to a 20.9% market share in the U.S. New car sales in the U.S totalled 1,341,169 units in August, representing a 2.0% increase from July 2023 and a 16.2% hike from August 2022. Consequently, the escalation in vehicle production is leading to the expansion of the automotive display system market.
Which Firms Dominate The Automotive Display System Market Segments?
Major companies operating in the automotive display system market include Continental AG, Visteon Corporation, Panasonic Holdings Corporation, DENSO Corporation, Nippon Seiki Co. Ltd., Robert Bosch GmbH, Magneti Marelli S.p.A., Yazaki Corporation, Delphi Technologies, Alpine Electronics Inc., LG Display Co. Ltd., AUO Corporation, Barco NV, Pioneer Corporation, Garmin Ltd., Japan Display Inc., Elektrobit Automotive GmbH, SmartKem Ltd., 3M Company, Alps Alpine Co., Aptiv Inc., AVX Corporation, BOE Technology Group Co. Ltd., Chunghwa Picture Tubes Ltd., HannStar Display Corporation, Hyundai Mobis, Innolux Corporation, Japan Aviation Electronics Industry Ltd., KEMET Corporation, Kyocera Corporation, Magna International Inc., Murata Manufacturing Co. Ltd., NEC Corporation, Nichicon Corporation
What Trends Are Expected to Dominate the Automotive Display System Market in the Next 5 Years?
Emerging technology trends are making their mark in the automobile display system market. Major players in this field are utilizing these advancements to strengthen their market position. For instance, Raythink Technology Co., Ltd., a China-born technological enterprise specialising in advanced display systems and interactive imagery solutions, made a grand introduction of its New Smart Car AR Head-Up Display at the Shanghai Auto Show in May 2023. The company's latest AR-HUD technology, showcased at the 20th Shanghai International Automobile Industry Exhibition, uses OpticalCore technology to display impressive 3D images that don't require special glasses. The new system offers superior image contrast and a wider view, while also minimizing cost and power usage. Starting production in the second quarter of 2024, it will be utilized in various products including AR headlights and displays, and existing orders already exceed 400,000 vehicles. Known as the pioneer car display achieving excellent optical performance without compromising car durability, MicroZone is based on prevailing LCD technology and complies with high automotive qualification standards.
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Which Is The Largest Region In The Automotive Display System Market?
North America was the largest region in the automotive market in 2024. The regions covered in the automotive display system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Display System Market?
2. What is the CAGR expected in the Automotive Display System Market?
3. What Are the Key Innovations Transforming the Automotive Display System Industry?
4. Which Region Is Leading the Automotive Display System Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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