Automotive Display Market Size, Share and Segmentation by Display Size (<5>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
Report Id: SNS/AUTO/2127 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Automotive Display Market Size was valued at USD 15.76 billion in 2022 and is expected to reach USD 28.54 billion by 2030 and grow at a CAGR of 7.7% over the forecast period 2023-2030.
The automobile display system is a digital screen that is fitted into vehicles for the purpose of providing important information to the driver as well as additional information that is linked to infotainment to both the driver and the passenger. In most cases, the automobile display system is fastened to the dashboard of the vehicle; nevertheless, many alternative mounting points are becoming increasingly popular. The automobile industry is continually undergoing change, with an increasing emphasis being placed on enhancing the technologies used in-vehicle displays. Several automakers showed their latest concept automobiles during the event, all of which include technologies related to other vehicles. These incredibly modern display systems that are utilized in automobiles provide access to the most recent technology while also providing convenience and comfort to the driver and passengers.
In 2021, Robert Bosch GmbH released the SMI230. It is a very accurate MEMS sensor that constantly records changes in the vehicle's speed and direction, analyses the data, and sends it to the navigation system. The information is combined with positional data from the global navigation satellite system (GNSS) and used for navigation.
MARKET DYNAMICS:
KEY DRIVERS:
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As the demand for in-car entertainment rises, so do the market's opportunities.
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Automotive displays are also booming thanks to the rising demand for digital instrument clusters.
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The market's growth is also being boosted by consumers' increasing desire for convenience and safety.
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An increase in passenger car sales and an increase in disposable income.
RESTRAINTS:
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The expensive nature of head-up displays would restrain the expansion of the market.
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The lack of adoption would hinder the market's progress.
OPPORTUNITIES:
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Rapid technical breakthroughs and system innovations will boost the automobile display market.
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The EVC market has a lot to gain from new entertainment and smart mirror applications.
CHALLENGES:
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The automotive display is being held back by growing worries about the mobility of the touch screen display.
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Lack of interest in using expensive automobile displays would challenge the expansion of the market.
IMPACT OF COVID-19:
It is difficult to determine when or how the situation will return to normal given the current state of the coronavirus outbreak. During the lockdown, losses are expected for all kinds of businesses, regardless of how large or little, they are. The primary reason for this is that there is a sufficient supply of labor for manufacturing and production, but there is an insufficient supply of customers because everything has been shut down. On the other hand, it is anticipated that by the year 2022, things will begin to improve as a direct result of the beginning of the process of vaccination.
KEY MARKET PLAYERS:
Robert Bosch GmbH (Germany), Continental AG (Germany), LG Display Co. Ltd (South Korea), Panasonic Corporation (Japan), Magneti Marelli S.p.A (Italy), Delphi Technologies (UK), Visteon Corporation (US), 3M Company (US), Nippon Seiki Co. Ltd (Japan), and Qualcomm Technologies Inc (US) are some of the affluent competitors with significant market share in the Automotive Display Market.
MARKET ESTIMATION:
Market, By Display Size:
The global market has been divided into <5”, 5” to 10”, and >10” based on the display size segment. Because it generates greater revenue and sales numbers, the display size range of 5" to 10" is currently the dominant one in this market.
Market, By Display Technology:
The global market has been divided into LCD, TFT-LCD, and OLED Based on the display technology segment. The LCD market category currently has the majority of the market share and can be credited for the unexpected acceleration in growth rate. While the OLED market is being bolstered by its incorporation into high-end automobiles, the TFT-LCD market is also expanding at a satisfactory rate.
Market, By Application:
The global market has been divided into Centre stack, Digital instrument cluster, Head-up display, and Rear entertainment based on the application segment. The market for center stack displays is dominated by the fact that they may be found in a wide range of vehicles, from the most basic to the most luxurious. Digital instrument clusters, head-up displays and rear-seat entertainment can all be accessed on-demand in some vehicles, depending on the make and model of the car you are driving.
MARKET SEGMENTATION:
By Display Size:
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<5”
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5” to 10”
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>10”
By Display Technology:
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LCD
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TFT-LCD
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OLED
By Application:
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Centre stack
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Digital instrument cluster
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Head-up display
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Rear entertainment
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REGIONAL ANALYSIS:
The market for automobile displays is broken down into four distinct segments based on geography: Europe, Asia-Pacific, North America, and the rest of the globe. It is anticipated that Europe would maintain its dominant position in terms of revenue. Due to the region's high concentration of automobile producers, Europe is expected to experience the highest rate of market expansion throughout the time under consideration. It is generally anticipated that all of these branded automobiles will boost the market value higher and higher. Countries like Germany, France, and the United Kingdom are examples of nations that are likely to have some level of dominance in the market for car display systems across the regions of Europe.
The reason why Asia and the Pacific are expected to show some greater growth throughout the period that is being predicted is that. It was anticipated that countries such as Japan, China, and South Korea would exhibit some kind of dominance in the market for car display systems. Because of the presence of numerous telecommunications companies on the market, this dominance in the industry is to be anticipated. These well-known industries are the primary drivers of market activity in regions of Asia and the Pacific.
REGIONAL COVERAGE:
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North America
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The USA
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Canada
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Mexico
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Europe
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Germany
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The UK
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France
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Italy
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Spain
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The Netherlands
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Rest of Europe
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Asia-Pacific
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Japan
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south Korea
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China
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India
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Australia
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Rest of Asia-Pacific
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The Middle East & Africa
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Israel
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UAE
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Argentina
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Rest of Latin America
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| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 15.76 Billion |
| Market Size by 2030 | US$ 28.54 Billion |
| CAGR | CAGR of 7.7% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Display Size (<5>10”) • by Display Technology (LCD, TFT-LCD, OLED) • by Application (Centre stack, Digital instrument cluster, Head-up display, Rear entertainment) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Robert Bosch GmbH (Germany), Continental AG (Germany), LG Display Co. Ltd (South Korea), Panasonic Corporation (Japan), Magneti Marelli S.p.A (Italy), Delphi Technologies (UK), Visteon Corporation (US), 3M Company (US), Nippon Seiki Co. Ltd (Japan), and Qualcomm Technologies Inc (US) |
| Key Drivers | •As the demand for in-car entertainment rises, so do the market's opportunities. •Automotive displays are also booming thanks to the rising demand for digital instrument clusters. |
| RESTRAINTS | •The expensive nature of head-up displays would restrain the expansion of the market. •The lack of adoption would hinder the market's progress. |
Frequently Asked Questions (FAQ) :
What is the size of the market by 2028?
Ans:- The market size is expected to reach USD 24.61 billion by 2028.
During the period covered by the forecast, which region is anticipated to be the primary driver of the market?
Ans:- European region is anticipated to be the primary driver of the market.
What are the primary market drivers for Automotive Display Market?
Ans:- As the demand for in-car entertainment rises and rising demand for digital instrument clusters are the primary market drivers for Automotive Display Market.
What are the key benefits stakeholders will get from this report?
Ans:- The study includes a comprehensive analysis of market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter’s five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
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
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Display Market Segmentation, By Display Size
8.1 <5”
8.2 5” to 10”
8.3 >10”
9. Global Automotive Display Market Segmentation, By Display Technology
9.1 LCD
9.2 TFT-LCD
9.3 OLED
10. Global Automotive Display Market Segmentation, By Application
10.1 Centre stack
10.2 Digital instrument cluster
10.3 Head-up display
10.4 Rear entertainment
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Continental AG (Germany),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Robert Bosch GmbH (Germany)
12.3 LG Display Co. Ltd (South Korea)
12.4 Panasonic Corporation (Japan)
12.5 Magneti Marelli S.p.A(Italy)
12.6 Delphi Technologies (UK)
12.7 Visteon Corporation (US)
12.8 3M Company (US)
12.9 Nippon Seiki Co. Ltd (Japan)
12.10 Qualcomm Technologies Inc (US)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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