Automotive Display Market: Industry Trends, Key Companies Growth And Regional Forecast To 2025

The automotive display market is set to grow from its current market value of more than USD 15 billion to over USD 30 billion. Global automotive display industry share is anticipated to witness a massive upscale in revenue in the following years, perhaps attributing to rapid expansion and innovations in the new gen automotive technologies. Ascribing to this, the industry is witnessing an upsurge in the demands for interactive surfaces in the passenger cars, thereby stimulating the business dynamics during 2019-2025.
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A paradigm shift towards the adoption of in-vehicle infotainment systems with an intent to maximize the customer comfort and luxury has triggered the market growth. As a matter of fact, numerous automakers are looking forward to enhancing their potential through product innovation, eventually proliferating the market size.
Fueled by the rise of more connected cars, super-sized displays are proving to be an undeniable trend in the automotive world with the display screen becoming the windows to the digital world. At the 2019 CES, Mercedes EQC crossover featured two 10.25-inch displays that formed a free-standing screen by being placed behind a glass surface. While car manufacturers are designing rear view mirrors to double up as image projectors for a rear-facing camera, heads up displays (HUD), that impart valuable information to the driver by projecting images that float on the windshield, are taking the automotive display market by storm.
Ranging from the Mazda3 to the BMW 7 Series, most of the latest car designs are being equipped with advanced HUDs that are a fusion of tech and safety feature. Moreover, car owners do not have to necessarily trade in their old cars to add HUDs to their vehicles as the aftermarket sales for such devices has registered a strong growth trend as well. The head-up automotive display market is set to explode with analysts being of the opinion that it would surpass an appreciable milestone by 2025.
Automotive display market is characterized by a vast application gamut led by the head-gear display segment and has accordingly gained a widespread popularity over the past few years.
The head-up displays are probable to accrue noticeable advancements in the following years due to the increasing cognizance about the vehicle security across the developed countries. The product finds an expansive use amongst numerous premium car manufacturers and permits the projection of necessary driver information directly on the windshield of the car whilst reducing the driver distractions over a large scale.
The automotive sector worldwide is undergoing a massive revolution and aims to offer seamless consumer experiences allowing the center stack automotive displays to garner the mainstream attention. On these grounds, it is prudent to mention that the widescale use of center stack displays for entertainment and media features, and navigation systems has aided the segment to emerge as one of the major revenue pockets for the market in the 21st century.
Introduction of larger display panels to augment the efficiency, user experience, and machine interaction by the industry giants have positively influenced the business dynamics. Subsequently, the center stack display segment is predicted to depict a CAGR of 14 per cent through 2025. Additionally, the center stack display unit shipments are expected to potentially account for USD 195 million by 2025.
Asia-Pacific, driven by India, China, and Japan has been witnessing consistent growth in the automotive production over the years on account of which it has emerged as one of the most profitable grounds for the global automotive displays market. The widescale presence of prominent automakers across the region is also credited for the substantial rise.
The Organization of Motor Vehicle Manufacturers states that India in 2018, had observed a significant growth of 8 per cent in the automotive production while Taiwan recorded a rise of 9 per cent in the same year.
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Some Point from Table of Contents:
Chapter 4. Automotive Display Market, By Product (Revenue, Shipments)
4.1. Key trends in automotive display industry, by product
4.2. Automatic
4.2.1. Market estimates and forecast, 2015 - 2025
4.3. Manual
4.3.1. Market estimates and forecast, 2015 - 2025
Chapter 5. Automotive Display Market, By Screen Size (Revenue, Shipments)
5.1. Key trends in automotive display market, by screen size
5.2. < 5”
5.2.1. Market estimates and forecast, 2015 - 2025
5.3. 5”-10”
5.3.1. Market estimates and forecast, 2015 - 2025
5.4. >10
5.4.1. Market estimates and forecast, 2015 - 2025
Chapter 6. Automotive Display Market, By Display Technology (Revenue)
6.1. Key trends in automotive display market, by display technology
6.2. TFT-LCD
6.2.1. Market estimates and forecast, 2015 - 2025
6.3. OLED
6.3.1. Market estimates and forecast, 2015 - 2025
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