What Has Driven the Growth of the Automotive Display System Market in Recent Years?
The automotive display system market has seen considerable growth due to a variety of factors.
• The market size of the automotive display system has seen a substantial surge lately. The sector is predicted to expand from $23.83 billion in 2024 to $27.37 billion in 2025, signalling a compound annual growth rate (CAGR) of 14.9%. The notable growth witnessed in the historic period is a result of an increase in consumer requirements for infotainment and safety, enhanced driver assistance needs, regulatory guidelines, in-car connectivity, a preference for high-end features, intense market competition, and differentiation.
What Are the Future Growth Projections for the Automotive Display System Market?
The Automotive Display System market is expected to maintain its strong growth trajectory in upcoming years.
• The market for automotive display systems is predicted to experience rapid enlargement in the coming years, reaching a value of $47.37 billion by 2029 with a compound annual growth rate (CAGR) of 14.7%.
This expected growth during the forecast period can be linked to the surge in adoption of electric and autonomous vehicles, the integration of augmented reality, a heightened focus on user experience (UX), ongoing connectivity requirements, and the blending of smart city and infrastructure. Indicators of major trends within the predicted period include the development of lightweight and flexible display options, leaps forward in automotive technology like augmented reality (AR) head-up displays (HUDs), an increase in the adoption of digital cockpits, a rise in the use of curved and flexible displays, and a heightened use of transparent displays.
What Are The Core Factors Supporting Growth In The Automotive Display System Market?
The anticipated increase in vehicle manufacturing is set to fuel the expansion of the automotive display system market. The manufacturing of vehicles involves the mass-scale production of identical models of cars or other vehicles. An automotive display system is a display setup that conveys relevant car-related information, which is critical for the driver. Such advantages have resulted in a rising demand for these systems to bolster vehicle safety. For instance, a report from Japan-based advertising firm MarkLines Co. Ltd. in September 2023 indicated that passenger car sales in the U.S rose by 12.7% in August, with 280,223 units sold, securing a 20.9% market share. New car sales in the U.S reached 1.341.169 units in August, marking a 2.0% rise from July 2023 and a 16.2% increase from the same month the previous year. Consequently, the upswing in vehicle production is triggering the expansion of the automotive display system market.
What Are The Major Segments Within The Global 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
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Which Trends Are Expected To Transform The Automotive Display System Market?
Advancements in technology continue to hold prominence in the automobile display system industry as a leading trend. Major industry actors are strategically introducing newer technological improvements to maintain their market presence. For instance, Raythink Technology Co., Ltd, a company based in China that specializes in designing advanced visual displays and interactive imaging solutions, unveiled the New Smart Car AR Head-Up Display at the Shanghai Auto Show in May 2023. Showcased at the 20th Shanghai International Automobile Industry Exhibition, the AR-HUD system utilizes OpticalCore technology to produce captivating 3D images without requiring special glasses. The system features enhanced visibility through increased field of view and superior image contrast, while simultaneously reducing costs and power intake. The mass production, set to commence in Q2 of 2024, will involve the system's integration into various applications, such as AR headlights and displays. With orders already received for over 400,000 vehicles, this makes a significant development. MicroZone is recognized for outstanding optical performance without compromising on the durability of the vehicle, using existing LCD technology and satisfying stringent automotive qualification standards.
Who Are the Key Players In The 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
What Is The Most Dominant Region 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
