Automotive Display Market Size, Share And Segmentation By Display Size (10”), By Display Technology (LCD, TFT-LCD, OLED), By Application (Centre Stack, Digital Instrument Cluster, Head-Up Display, Rear Entertainment), By Regions And Global Market Forecast 2023-2030

The Automotive Display Market was estimated to be worth USD 15.76 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030, when it is expected to reach USD 28.54 billion. The change in needs of customers related to driving experience is driving the market.

As automotive technology continues its relentless evolution, the demand for cutting-edge display solutions has reached unprecedented heights.

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Market Scope:       

With the surge in electric vehicles and the integration of advanced driver-assistance systems, the automotive display sector is poised for a paradigm shift. As consumers increasingly prioritize seamless connectivity and intuitive interfaces in their vehicles, the market scope is witnessing a transformative phase where innovation is the key currency.

The convergence of aesthetics, functionality, and safety features within automotive displays is shaping a dynamic market landscape that transcends the boundaries of conventional expectations.

Opportunity Analysis:     

The surge in electric vehicle adoption, fueled by environmental consciousness and technological advancements, presents a golden opportunity for connector market players. As charging infrastructure expands globally, the demand for efficient, high-performance connectors skyrockets.

However, the intricacies lie not just in meeting the present needs but anticipating the evolving requirements of this dynamic market. Navigating the landscape requires a keen understanding of regional variations in charging standards, emerging technologies, and the ever-changing regulatory environment.

Segment Analysis:

The automotive display market is segmented by type into liquid crystal displays (LCDs), cathode ray tubes (CRTs), organic light-emitting diodes (OLEDs), and head-up displays (HUDs). LCDs are the most common type of automotive display, accounting for over 70% of the market.

They are relatively inexpensive and offer good image quality. CRTs are less common than they once were, but they are still used in some high-end vehicles because they offer superior image quality.

OLEDs are the newest type of automotive display, and they are becoming increasingly popular due to their thin, lightweight design, high image quality, and low power consumption. HUDs are projected to be the fastest-growing segment of the automotive display market in the next few years.

They are becoming increasingly popular because they can provide drivers with important information without requiring them to take their eyes off the road.

By Display Size:

• <5”
• 5” to 10”
• >10”

By Display Technology:

• LCD
• TFT-LCD
• OLED

By Application:

• Centre stack
• Digital instrument cluster
• Head-up display
• Rear entertainment

Regional Analysis:

The APAC region is expected to be the fastest-growing market for automotive displays, with a CAGR of 19.2% from 2023 to 2032. This growth is being driven by a number of factors, including the increasing demand for luxury vehicles, the rising disposable income of consumers, and the growing popularity of ADAS and connected car technologies.

China is the largest automotive display market in the APAC region, and it is expected to continue to be the largest market in the coming years. The Chinese market is being driven by a number of factors, including the government’s support for the EV industry, the increasing popularity of luxury vehicles, and the growing adoption of ADAS and connected car technologies.       

Key Companies:

Panasonic Corporation (Japan), Magneti Marelli S.p.A (Italy), Delphi Technologies (UK), Visteon Corporation (US), 3M Company (US), Nippon Seiki Co. Ltd (Japan), Robert Bosch GmbH (Germany), Continental AG (Germany), LG Display Co.

Ltd (South Korea), and Qualcomm Technologies Inc (US) are some of the affluent competitors with significant market share in the Automotive Display Market.

Automotive Display Market Growth Factors:

The Automotive Display Market is witnessing substantial growth, primarily driven by the increasing integration of advanced infotainment and driver assistance systems in modern vehicles. As consumers demand more sophisticated and connected in-car experiences, automotive manufacturers are incorporating larger and higher-resolution displays to cater to these expectations.

Touchscreen interfaces, digital instrument clusters, and heads-up displays are becoming standard features, enhancing the overall driving experience and contributing to the growth of the automotive display market. The trend towards electric and autonomous vehicles further amplifies the importance of intuitive and informative displays, as these vehicles often require more sophisticated human-machine interfaces for navigation, entertainment, and vehicle management.

Additionally, the proliferation of electric and hybrid vehicles is boosting the Automotive Display Market as these vehicles often come equipped with advanced display technologies to showcase real-time battery status, energy consumption, and driving range. The rise of connected cars and the implementation of vehicle-to-everything (V2X) communication systems also drive the demand for interactive displays that provide information on traffic conditions, navigation, and connectivity features.

As automotive OEMs continue to prioritize the development of intelligent and connected vehicles, the automotive display market is poised for sustained growth, offering opportunities for innovation and technological advancements in display technologies for the automotive sector.

Key Takeaways:

• A discernible shift towards sustainable technologies is evident, with an increasing demand for eco-friendly emission control devices. Innovations in catalytic converters and selective catalytic reduction systems have gained momentum, aiming to achieve higher efficiency in pollutant reduction.
• The market also witnesses a surge in the adoption of electric vehicles, pushing the boundaries of traditional emission control methods. Collaboration between automotive giants and emerging startups becomes pivotal, as the industry strives to meet evolving environmental standards while navigating the electrified future of transportation.

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Recent Industry Development:   

• LG Display, Investing in transparent OLED technology: LG Display is also investing in transparent OLED technology, which could be used in curved displays and panoramic sunroofs. This technology would allow for more innovative and stylish vehicle designs.
• Samsung Display, Developing QD-OLED displays: Samsung Display is developing QD-OLED displays, which offer improved color accuracy and brightness compared to traditional OLED displays. These displays could be used in high-end automotive applications.

Table of Contents:

1. Introduction

1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

…
13. Competitive Landscape

13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments

14. Conclusion