Automotive Multilayer Display Market on Track for Strong Growth, Estimated to Grow at 4.7% CAGR Through 2029

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What Is the Expected CAGR for the Automotive Multilayer Display Market Through 2025?
The size of the automotive multilayer display market has experienced consistent growth in the past few years. Its value is projected to rise from $7.68 billion in 2024 to $8.04 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.8%. This growth during the historical period was driven by several factors. These included heightened consumer interest in innovative features, government rules on safety systems within cars, a surge in consumer demand, requirements for safety and connectivity and the overall expansion of the automotive industry.

What's the Projected Size of the Global Automotive Multilayer Display Market by 2029?
A consistent increase in the size of the automotive multilayer display market is anticipated in the coming years. By 2029, it's projected to reach $9.67 billion, with a compound annual growth rate (CAGR) of 4.7%. This projected growth over the forecast period can be ascribed to elements like augmented reality (AR) integration, the rise of autonomous driving, customization & personalization, energy efficiency & lightweight design, the incorporation of artificial intelligence & machine learning, and environmental sustainability. The forecast period will witness major trends like advancements in display technologies, integration of augmented reality (AR), regulatory compliance & safety standards, supply chain obstacles, customization & personalization, and environmental sustainability.

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Top Growth Drivers in the Automotive Multilayer Display Industry: What's Accelerating the Market?
The growth of the automotive multilayer display market is anticipated to be fuelled by the rising demand for autonomous vehicles. Autonomous vehicles, or vehicles that can operate without human intervention, rely on automotive multilayer displays for improved sensor fusion, navigation, control, prediction, HMI, fleet management, and architecture. In a report by the Insurance Institute for Highway Safety, a non-profit organization in the US, released in December 2022, it is predicted that by 2025, there will be 3.5 million autonomous vehicles on US roads. Furthermore, by 2030, this number is expected to increase to 4.5 million. As such, the growing demand for autonomous vehicles is a significant driving force behind the expansion of the automotive multilayer display market.

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Which Emerging Trends Are Transforming the Automotive Multilayer Display Market in 2025?
Leading players in the automotive multi-layer display market are exploring new technologies such as curved displays, aiming to cater to a wider customer demographic, boost sales, and escalate revenue. For example, an automotive curved ultrawide display represents a cutting-edge vehicle infotainment and visualization system, characterized by its large and curved screen. In January 2023, Continental AG, a German automotive corporation, introduced its Curved Ultrawide Display to the market. The standout attribute of this product is its 47.5-inch TFT display, encompassing an active area of 7,680 by 660 pixels and illuminated by more than 3,000 LEDs. Moreover, thanks to the matrix backlight feature, this product can generate exceptional high-contrast images, providing users with the added advantage of being able to dim specific areas of the screen when required. Consequently, it offers car manufacturers significant creative space to develop a state-of-the-art, futuristic cockpit and present content on a consistent screen surface.

What Are the Main Segments in the Automotive Multilayer Display Market?
The automotive multilayer display market covered in this report is segmented -

1) By Type: Analog Display, Digital Display
2) By Vehicle Type: Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Car
3) By Application: Fuel Indicator, Speed Indicator, Acceleration Indicator

Subsegments:
1) By Analog Display: Pointer-based Analog Display, Hybrid Analog-Digital Display
2) By Digital Display: LCD Display, OLED Display, TFT Display, AMOLED Display

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Which Top Companies are Driving Growth in the Automotive Multilayer Display Market?
Major companies operating in the automotive multilayer display market report are Mitsubishi Motors Corporation, Bayerische Motoren Werke AG, Robert Bosch GmbH, Audi AG, Renault SA, Continental AG, Panasonic Corporation, Hyundai Mobis, Johnson Controls, Pioneer Corporation, Skoda Auto, Nippon Seiki Co. Ltd., LG Display Co. Ltd., Aptiv PLC, KYOCERA Corporation, AU Optronics Corp., HARMAN International,Varitronix, Yazaki Corporation, Visteon Corporation, Socionext America Inc., Alpine Electronics Inc., Denso Corporation, SmartKem Ltd., PureDepth Inc.

Which Regions Will Dominate the Automotive Multilayer Display Market Through 2029?
Asia Pacific was the largest region in the automotive multilayer display market in 2024. The regions covered in the automotive multilayer display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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