Press release
2025-2034 Automotive Display Heat Management Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Automotive Display Heat Management Market
What Is the Expected CAGR for the Automotive Display Heat Management Market Through 2025?
The market size for heat management in automotive displays has seen a swift expansion in the past few years. The market growth is projected to increase from a value of $1.20 billion in 2024 to approximately $1.34 billion in 2025, with a compound annual growth rate (CAGR) standing at 11.8%. Factors such as the growing complexities in in-vehicle electronics, surge in vehicle ownership, focus on safety, heightened demand for heat shields and an increased requirement for electronically enhanced heat exchangers fuelled the growth during the historical period.
What's the Projected Size of the Global Automotive Display Heat Management Market by 2029?
Expectations are high for the automotive display heat management market to experience significant expansion in the coming years, with its value predicted to reach $2.07 billion by 2029, corresponding to a compound annual growth rate (CAGR) of 11.4%. This surge over the forecast period can be tied to a rise in demand for effective heat management systems, larger uptake of premium infotainment and AR head-up displays, a growth in the embracement of electric vehicles, a heightened demand for light materials, and an escalating call for fuel efficiency. The forecast period is also expected to witness key trends such as enhancements in thermal management, adoption of cutting-edge display technologies, a technology-induced transition towards digital cockpits, advancements in heat shield and heat exchanger technologies, and progressive leaps in automotive technologies.
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Top Growth Drivers in the Automotive Display Heat Management Industry: What's Accelerating the Market?
The surge in the use of electric vehicles is anticipated to fuel the expansion of the automotive display heat management market in the future. Electric vehicles, powered by electric motors and rechargeable batteries, provide low-emission and efficient transport. Growing environmental awareness is leading to an increase in electric vehicle adoption. Such vehicles generate lesser greenhouse gases than traditional vehicles, contributing to air pollution reduction and climate change mitigation. Automotive display heat management maintains the clarity, reliability, and durability of electronic displays in these vehicles, while also safeguarding sensitive electronics. For example, as per the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the sales of electric cars rose by 3.5 million in 2023, a 35% increase compared to 2022. Hence, the surge in electric vehicle adoption is propelling the growth of the automotive display heat management market.
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What Trends Will Shape the Automotive Display Heat Management Market Through 2029 and Beyond?
Leading firms in the automotive display heat management market are turning their attention to the creation of advanced solutions, such as technologies controlling interior temperature. This move is aimed at enhancing comfort for drivers and passengers, extending the durability and dependability of in-car displays, preventing sensitive electronics from overheating, and maximizing energy efficiency in electric and hybrid vehicles. Interior temperature control technologies are defined as systems and solutions that manipulate and regulate cabin temperature in a vehicle, ensuring comfort, safety, and peak performance of both passengers and electronic devices. For instance, in August 2024, Hyundai Motor Company and Kia Corporation, both automobile manufacturers based in South Korea, introduced three superior interior temperature control solutions during 'Heat Tech Day' in Seoul. These advancements are intended to boost passenger comfort and energy efficiency. The cutting-edge developments are a Nano Cooling Film designed for cooling vehicle glass during high temperatures, a Radiant Heating System aimed at rapidly warming passengers during cold weather, and Metal-Coated Heated Glass, a 48V system designed for quick removal of frost and dampness. These three technologies are prepared for large-scale production and represent the firms' commitment to developing pleasant, energy-efficient, and customer-oriented vehicle settings in this age of electrification.
What Are the Main Segments in the Automotive Display Heat Management Market?
The automotive display heat management market covered in this report is segmented as
1) By Product Type: Passive Heat Management, Active Heat Management
2) By Display Type: Liquid Crystal Display (LCD), Organic Light Emitting Diode (OLED), Thin-Film Transistor (TFT), Other Displays
3) By Vehicle Type: Passenger Cars, Commercial Vehicles, Electric Vehicles
4) By Application: Instrument Cluster, Center Stack Display, Head-Up Display, Rear Seat Entertainment, Other Applications
5) By End User: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Passive Heat Management: Thermal Insulation Materials, Heat Spreaders, Reflective Coatings And Films
2) By Active Heat Management: Thermoelectric Coolers, Liquid Cooling Systems, Forced Air Cooling
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Which Top Companies are Driving Growth in the Automotive Display Heat Management Market?
Major companies operating in the automotive display heat management market are Samsung Display Co. Ltd., ZF Friedrichshafen AG, Denso Corporation, Dow Inc., Honeywell International Inc., 3M Company, Valeo SE, Henkel AG & Co. KGaA, LG Display Co. Ltd., Kyocera Corporation, BorgWarner Inc., DuPont, AU Optronics Corp., Visteon Corporation, Boyd Corporation, Gentherm Incorporated, Continental AG, Polymer Science Inc., Robert Bosch GmbH, Touch International Inc., Panasonic Automotive Systems Co. Ltd., Faytech AG
Which Regions Will Dominate the Automotive Display Heat Management Market Through 2029?
Asia-Pacific was the largest region in the automotive display heat management market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in automotive display heat management report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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