Future Market Insights (FMI) recently published a new report, titled, ‘Automotive Display Units Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2022–2029.” The value of the global automotive display units market was approximately US$ 15.6 Billion in 2022. Throughout the projected period, the market for automotive display units is anticipated to expand at a notable CAGR of roughly 8.0%. According to FMI’s estimate, full digital and navigation display systems will be essential for producing market revenue in the vehicle display units market.
Head-Up Displays: A New Trend
The rising use of navigation display systems, software, and various display technologies in automobiles is predicted to increase the importance of technological breakthroughs in automotive display units in the current market environment. Additionally, to improve safety features, automakers are concentrating on head-up displays and navigation systems in their vehicles.
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Technology like TFT LCDs and AMOLEDs, which can be used in low ambient light circumstances and improve vehicle safety, have been developed by automotive display producers. These technologies have a number of benefits, including increased display area, high resolution, great heat resistance, and less weight than a liquid crystal display (LCD) feature.
Additionally, strict safety laws and regulations in nations like Germany, the U.S., France, and Italy are pressuring automakers to raise the bar for the safety of their vehicles. TFT, LCD, and AMOLED displays are likely to be in high demand in the automotive display units market as manufacturers work to install digital rear view mirrors and pillar mirrors to lessen vehicles’ blind spots.
According to estimates, the market for automotive display units would expand due to the rising sales of premium LCVs and HCVs in developed and developing nations. Due to the rising demand for passenger cars from the middle-class population, China is anticipated to be a significant market in the global automotive display units market over the course of the projected period.
In addition, government programmes to support the manufacturing industry in developing nations like India are anticipated to expand the market for automotive display units. During the assessment period, these variables are anticipated to have a direct impact on the market growth for car display units.
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Opportunities for Significant Growth Will Be Created by China and India
East Asia is predicted to occupy a significant proportion of the global market for automobile display units over the assessment period, according to this analysis on the industry. The need for car display units is developing globally as a result of rising vehicle production and safety demands.
China is anticipated to dominate the East Asia Automotive Display Units market, driving regional expansion between 2019 and 2029 while expanding at a CAGR of around 10% in terms of value. This market study on car display units examines the relevant markets in a number of geographical areas, including North America, Latin America, Europe, East Asia, South Asia, the Middle East, and Africa.
Global Automotive Display Units Market: Competitive Landscape
Some of the key players involved in the manufacturing of automotive display units, and included in this study are Robert Bosch GmbH, LG Displays, Panasonic Corporation, Denso Corporation, Magna International Inc., Valeo Sa, Delphi Automotive Plc, Continental Ag, Kyocera Corporation, Japan Display Inc., Au Optronics, and Pioneer Corporation, amongst others.
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AUTOMOTIVE DISPLAY UNITS MARKET TAXONOMY
The global automotive display units market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.
By Product
- Full Digital Displays
- Navigation Displays
- HUDs
- Digital Side Mirrors
- Digital Rear View Mirrors
- Rear Seat Displays
- Rear Seat Control
By Vehicle Type
- Compact
- Mid-Size
- SUVs
- Luxury
- LCVs
- HCVs
By Display Size
- < 5 inch
- 5-10 Inch
- >10 Inch
By Touch Type
- With Touch
- Without Touch
By View Type
- 2D
- 3D
By Technology
- TFT LCDs
- PMOLEDs
- PMLCDs
- AMOLEDs
By Screen Format
- Standard
- Wide
By Sales Channel
- OEMs
- Aftermarket
By Resolution
- Pixel Formats
- Pixel Numbers
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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