Drawing from trusted sources and expert analysis, this report helps businesses navigate the complex landscape of the automotive display system industry.
What Is The Expected CAGR For The Automotive Display System Market Through 2025?
The automotive display system market size has grown rapidly in recent years. It will grow from $23.83 billion in 2024 to $27.19 billion in 2025 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to rise in consumer demand for infotainment, safety and driver assistance requirements, regulatory standards and guidelines, in-car connectivity, consumer preferences for premium features, market competition and differentiation.
The automotive display system market size is expected to see rapid growth in the next few years. It will grow to $46.87 billion in 2029 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to rise in electric and autonomous vehicles, integration of augmented reality, focus on user experience (UX), continued connectivity demands, smart city and infrastructure integration. Major trends in the forecast period include lightweight and flexible display technologies, advancements in automotive technology: augmented reality (AR) head-up displays (HUDs), increasing adoption of digital cockpits, rise of curved and flexible displays, increased use of transparent displays.
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Which Key Factors Will Influence Automotive Display System Market Growth Over 2025-2034?
Growth in vehicle production is expected to propel the growth of the automotive display system market going forward. Production of vehicles refers to the process of manufacturing cars or other vehicles that are identical models that have been built in large quantities. Automotive display system refers to the setup of display that presents information related automobile in order to communicate vital information to the driver. Due to such benefits, there is an increase in demand for automotive display systems to enhance the safety of vehicles. For instance, in September 2023, according to a report published by MarkLines Co. Ltd., a Japan-based advertising agency company, the month of August saw a 12.7% increase in passenger car sales, with a total of 280,223 units sold, resulting in a market share of 20.9% in U.S. Sales of new cars in the US totaled 1.341.169 units in August, which was a 2.0% increase from July 2023 and a 16.2% increase from August 2022. Therefore, the growth in vehicle production is driving the growth of the automotive display system market.
Comprehensive Segment-Wise Insights Into 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
What Are The Prominent Trends In The Automotive Display System Market?
Technological advancements are a key trend gaining popularity in the automotive display system market. Major companies operating in the automotive display system market are focused on introducing technological advancements to sustain their position in the market. For instance, in May 2023, Raythink Technology Co., Ltd., a China-based technology firm dedicated to creating advanced visual display systems and interactive imaging solutions, launched the New Smart Car AR Head-Up Display at the Shanghai Auto Show. Raythink debuted its advanced AR-HUD solution at the 20th Shanghai International Automobile Industry Exhibition, employing OpticalCore technology to deliver stunning 3D imagery without special glasses. The system enhances visibility with a wider field of view and superior image contrast, while also lowering costs and power consumption. Set to begin mass production in the second quarter of 2024, it will be integrated into various applications, including AR headlights and displays, with significant orders already in place for over 400,000 vehicles. MicroZone is recognized as the first car display to achieve remarkable optical performance without compromising vehicle durability, based on existing LCD technology and having satisfied high automotive qualification standards.
Analysis Of Key Players In 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
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What Are The Key Regional Trends 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
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