Automotive display market is estimated to show a growth in the CAGR by 8.3 % during the forecasted period of 2018 to 2025. Not just this but the value is also estimated to reach USD 20.2 billion by the year 2025.
Are you wondering what the automotive display market is all about? Here's the simple answer to this question. An automotive display is a touch screen display device that has access to navigation. It navigates you through the roots without any distraction provided with driver safety features and has additional heat indicators of the engine and tire pressure indicators. The company also provides you with solutions to head up security problems, entertainment and connectivity problems, sometimes battery innovation and services problems such as audio services, autonomic services, any connectivity service electronics, etc.
As per the current situation of coronavirus, it is difficult to say when and how will the situation get back to normal. Every single business whether small, medium or big is facing losses during the lockdown. It is mostly because there is an availability of workers for manufacturing and production, since everything is shut down there is no availability of customers. But it is believed by the year 2022 things will get better due to the initiation in the process of vaccination.
The most prominent major key players in the automotive display market are as follows:
These most prominent major key players in the market use various strategies to cater to the increasing need of the customer. They use various policies and strategies like collaborations, mergers, and acquisitions, forming a joint venture, development of the new production process, innovation in the existing product, expanding the business, and partnership. These tactics help the market increase its customer base.
The Global market is growing tremendously and hence shows various factors that drive the growth. These factors include demand for connected vehicles, an increase in dependency on navigation systems, and also there is an increase in demand for infotainment in automobiles. This demand for infotainment in automobiles is the major factor that drives the market growth during the forecast years.
The Global market is showing rabbit growth. There are various opportunities for further increase in revenue. These opportunities include growing in vehicle safety and comfort, purchasing of modules and cars and electric cars, inbuilt navigation in cars. In addition to this automotive display provides a touch screen display device that has distraction-free access to navigation. Also, there is a driver safety feature and multimedia function for vehicles which includes engine heat indicators and pressure among others.
The Global market is showing rapid growth. But there are some restraints to this growth. These restaurants include the high cost of advanced automotive display systems which makes safety our concern. Safety-related to the replacement of mechanical controls with touch screen display. In addition to this, there are sometimes problems in connectivity, vehicle infotainment and cyber attacks also pose problems.
The Global market is increasing with great heights in the market. It has many benefits, such as a touch screen display device, free access to navigation without any distraction. Also, it has diverse safety features in addition to this multimedia function for vehicles including engine heat indicators is also available. You may also find tire pressure indicators among them.
The automotive display market is segmented into various segments based on type, based on Technology, based on display size, based on application, and lastly based on region.
Based On Applications
The global market is divided based on Applications into Telematics, Navigation, Infotainment.
Based On The Type
The global market is divided based on type into TFT LCD, PMOLED, PMLCD, AMOLED, and many others.
Based On The Display Size
The global market is divided based on display size into 3"-5", 6"-10", and greater than 10".
Based On The Region
The global market is divided based on region into North America, Europe, Asia-Pacific, and the rest of the world.
The automotive display market is segmented based on region into Europe, Asia-Pacific, North America, and the rest of the world. It is expected that Europe will dominate the market revenue. Europe has the largest market growth during the forecasted period due to a large number of car manufacturers such as Audi, BMW, Porsche, and Lamborghini. All these branded cars are mostly expected to drive the market value higher and higher. Countries like Germany, France, and the UK are the expected countries to show some domination in the automotive display solutions market in the regions of Europe.
The reason for Asia-pacific is estimated to show some faster growth during the forecasted period. Countries like Japan, China, and South Korea also expected to show some domination in the automotive display solutions market. This domination is expected in the market due to the presence of telecommunication industries such as Huawei, China telecom, and Bharti Airtel. These renowned industries drive the market in regions of Asia Pacific.
This Global analysis of the global automotive market is from the year 2018 to 2023. The data is present through an estimation of growth that can be shown significantly by these regions.
The global automotive display market research report consists of the following elements:
This global automotive display market research report consists of the factors that drive the market along with the factors that restrict the market . This report also contains various growth opportunities during the forecasted period. The impact of covid 19 on the automotive display global market is also estimated. the future growth rate of the market is mentioned.
The intended audience of the automotive display market are as follows-
|Market Size||2027: USD 39.7 billion|
|CAGR||13% CAGR (2020-2027)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Applications, Type, Display Size|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||LG Display Co. Ltd (South Korea), Panasonic Corporation (Japan), Delphi Technologies (UK), Robert Bosch GmbH (Germany), Visteon Corporation (US), Continental AG (Germany), 3M Company (US), Nippon Seiki Co. Ltd (Japan), Magneti Marelli S.p.A (Italy), and Qualcomm Technologies Inc (US)|
|Key Market Opportunities||
|Key Market Drivers||Growing in-vehicle safety and comfort|
Frequently Asked Questions (FAQ) :
Apart from the top players, other players majorly contribute to the automotive display industry. These top players are as follows- ● Denso Corporation (Japan) ● Synaptics Incorporated (US) ● Nidec Corporation (Japan) among others.
Some of the automotive display market trends and competitive strategies mentioned in the Global automotive display market research report are as follows- ● The expansion has occurred due to technological capabilities to adopt different loT solutions. ● Also, better automatic display operations are expanding. ● Companies are adopting inorganic strategies competitive strategies suggest partnership collaborations for the significant increase in automotive display market share. ● Other trends followed are mergers and acquisitions which overall account for the key development. The key development takes place under all the prominent key players.
The reason that accounts for the largest automotive display market size is estimated to be Europe.
The different segmentations that are made in the Global automotive display market are based on type based on Technology based on display size based on application and by region.
Given below is the intended audience for the automotive display market- ● Mobile network operators (MNOs) ● Display manufacturers ● End users ● IoT entrants ● Integrated device manufacturers (IDMs) ● Original design manufacturers (ODMs) ● Original equipment manufacturers (OEMs) ● Semiconductor companies ● Technology, service, and solution providers ● Technology standard organizations, forums, alliances, and associations.