Press release
Automotive Display System Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Automotive Display System
How Large Will the Automotive Display System Market Size By 2025?
The automotive display system market has experienced swift expansion in previous years. Its size is projected to increase from $23.83 billion in 2024 to $27.37 billion in 2025, marking a compound annual growth rate (CAGR) of 14.9%. This growth during the historical period is credited to factors such as increased consumer demand for infotainment, safety and driver assistance necessities, regulatory norms and guidelines, in-vehicle connectivity, preference for high-end features, market rivalry, and differentiation by consumers.
How Big Is the Automotive Display System Market Size Expected to Grow by 2029?
An accelerated expansion is expected in the automotive display system market in the imminent years, set to reach a worth of $47.37 billion in 2029 with a compound annual growth rate (CAGR) of 14.7%. The catalysts for this growth within the forecast period could be the increasing popularity of electric and autonomous vehicles, introduction of augmented reality, an emphasis on user experience (UX), ongoing requests for improved connectivity, as well as integration with smart cities and their infrastructure. Going ahead, lightweight and flexible display technologies, innovations in automotive technology such as augmented reality (AR) head-up displays (HUDs), growing popularity of digital cockpits, emergence of curved and flexible displays, and the escalating use of transparent displays are slated to be the major trends for the forecast period.
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Which Key Market Drivers Powering Automotive Display System Market Expansion and Growth?
The automotive display system market is predicted to grow due to the increase in vehicle production. The term 'vehicle production' refers to the mass manufacturing of cars or other identical vehicles. An automotive display system is a setup that displays vital car-related information to the driver, contributing to vehicle safety. Due to these advantages, there's a surge in demand for these systems. For instance, a report by Japan-based advertising agency, MarkLines Co. Ltd., in September 2023, stated that there was a significant rise of 12.7% in passenger car sales in August, with 280,223 units sold. Consequently, there was a 20.9% market share in the U.S. New car sales in the U.S. reached 1,341,169 units in the same month, a 2.0% rise from July 2023, and a whopping 16.2% increase from August 2022. Consequently, the automotive display system's market expansion is being fueled by the surge in vehicle manufacturing.
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Which Fast-Growing Trends Are Poised to Disrupt the Automotive Display System Market?
In the automotive display system market, technological innovations are gaining traction as a significant trending factor. Companies in this sector are concentrating their efforts on incorporating these advancements to retain market dominance. For instance, Raythink Technology Co., Ltd., a Chinese tech company renowned for creating sophisticated visual display systems and interactive imaging solutions, showcased the New Smart Car AR Head-Up Display at the Shanghai Auto Show in May 2023. At the 20th Shanghai International Automobile Industry Exhibition, Raythink introduced its cutting-edge AR-HUD technology featuring OpticalCore technology that promises exceptional 3D imaging without the need for special glasses. This system improves visibility with an extended field of view and superior image contrast, and simultaneously reduces costs and energy usage. Scheduled to start mass production in Q2 of 2024, it will be incorporated into a variety of applications, including AR headlights and displays, with pre-existing orders for more than 400,000 vehicles. MicroZone car displays are recognized for their extraordinary optical performance combined with vehicle durability without compromising LCD technology standards required for automotive qualification.
What Are the Emerging 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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Who Are the Global Leaders in the Automotive Display System Market?
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
Which are the Top Profitable Regional Markets for the Automotive Display System Industry?
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
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