Automotive Display Units Market: Electrification & Connected Technology Integration to Catalyze Demand: Global Industry Analysis 2014 - 2018 and Opportunity Assessment, 2019 – 2029

Automotive Display Units Market: Electrification & Connected Technology Integration to Catalyze Demand: Global Industry Analysis 2014 - 2018 and Opportunity Assessment, 2019 – 2029

Automotive Display Market - Key Research Findings

  1. Global automotive display units market size in 2018 – Nearly US$ 12,000 Mn
  2. The automotive display units market is expected to grow at a CAGR of nearly 8.0% over 2019-2029.
  3. North America and Europe are expected to remain prominent regional markets for automotive display units.
    • North America and Europe are the leading regions in the automotive display units market, owing to the increasing adoption of automotive display unit products for full digital display, and increasing electric vehicle production, which is expected to drive the demand for automotive display units.
  4. Partnerships and marketing synergies between companies are expected to exploit automotive display units market growth prospects.
    • Major players in the automotive display units market such as Robert Bosch GmbH, LG Displays, Panasonic Corporation, Denso Corporation, and Magna International Inc. are employing synergistic methods of the co-marketing and co-promotion of their products with other companies. These synergies between partners are presenting an instant growth impact as compared to acquisitions and mergers.
    • In May 2019, BMW AG appointed Garmin as a tier-one supplier of infotainment computing modules for future BMW models. 
  5. The full digital display segment is expected to remain the most preferred product type segment in the automotive display units market.
    • The growth of this segment can be primarily attributed to the global growth of the automotive vehicle market.

Top 3 Factors Shaping the Automotive Display Units Market

  • Preference for TFT LCD & AMOLED Display Panels in Automotive DisplayUnits is a Major Trend in the Automotive Display Units Market

    Key market players such as Robert Bosch GmbH, LG Displays, Panasonic Corporation, Denso Corporation, and Magna International Inc. are focusing on investing in R&D to enhance their product portfolios, and are entering into partnerships with local players to expand their businesses. For example-

    • In September 2018,The JVC Kenwood Corporation invested in WayRay AG (from now "WayRay"), a developer and manufacturer of AR technology-based, next-generation, in-vehicle head-up displays. It is expected to help the company in strengthening its in-vehicle, optical-related business.

    • In November 2017,;Alpine Electronics, Inc. and Konica Minolta, Inc. announced that both the companies are jointly developing a head-up display (HUD), applying 3D augmented reality (AR) technology for automotive use.

  • Rising Demand for Electric Vehicles and Connected Cars in the Global Market

    Innovations and development of electric and connected vehicles have increased the demand for automotive display units. Electric vehicles require automotive display units for displaying information such as battery status and charging stations, which is expected to result in the robust growth of the automotive display units market.

  • Introduction of Digital Rear View Mirrors in Vehicles

    Automotive manufacturers are constantly improving their digital rear view mirrors. A new concept has come in, in which, the three rear-view mirrors in a car are replaced by cameras and two OLED HDR displays, which is expected to result in the robust growth of the automotive display units market.

Automotive Display Units Market: Structure Analysis

  • The global automotive display units market is a fragmented market, with a number of big market players and regional players.
  • A majority of the key players are maintain strategic focus on the development of OEM partnerships and agreements for global market expansion.
  • Manufacturers are also focusing on partnerships with automakers. For business expansion, they are mass producing products to reduce the cost of their automotive display units.

Focus Shifting to 'Improved Resolution'

Automotive display units continue to gain high demand to be used in full digital display systems. In recent years, manufacturers have renewed their focus on improving the resolution of automotive displays. The global demand for automotive display units is surging as a result of the growing automotive production and increasing vehicle fleet across the world.

Market Set to Grow 2.1X between 2019 and 2029

The automotive display units market is likely to witness steady growth over the course of the forecast period. Gains will be driven by increasing vehicle production and the rising demand for electric vehicles (EV). Further, rising safety standards across the globe are influencing the demand for automotive display units.

Emerging Countries Promise New Opportunities of Growth

North America is expected to contribute a high revenue share in the global automotive display units market in 2019. However, healthy growth is expected in developing countries, especially China, India, and Brazil, due to growing passenger vehicle sales and government initiatives towards public transport.

Among the emerging countries, China is likely to present sustained opportunities of growth for stakeholders in the automotive display units market. Due to China’s strong growth, East Asia is likely to emerge as a productive market during the forecast period.

The Broader Perspective

Stakeholders in the automotive display units market are adapting to innovations such as digital rear view mirrors. Manufacturers are focusing on offering low-cost products with the help of partnership with backward integrated companies. It is highly likely that R&D investments will continue to grow during the assessment period. 

How Growth Will Unfold

The full digital automotive displays segment is expected to maintain its lead over other variants during the assessment period, whereas, the single navigation display segment is also expected to gain adoption at a steady pace.

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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