IMARC Group, a leading market research company, has recently releases report titled “Automotive Display System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The global automotive display system market size reached US$ 14.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-2028.
What is automotive display system?
An automotive display system refers to an in-vehicle device that provides vital information to the driver. It is installed on the dashboard of the vehicle and assists in minimizing the complexity faced by the driver while driving. Automotive display systems are commonly available in the head-up, instrument cluster, center stack, and mirror display variants. In line with this, they offer navigation directions, parking assistance, security services, etc. Consequently, automotive display systems are extensively utilized in commercial and passenger vehicles to enhance the comfort, safety, and entertainment of the users.
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What are the growth prospects and trends in the industry?
The expanding automotive sector and the rising sales of luxury vehicles, on account of the inflating income levels of individuals, are primarily augmenting the automotive display system market. Furthermore, the growing number of fatal road accidents is acting as another significant growth-inducing factor. Apart from this, the increasing utilization of augmented reality (AR) by key market players to provide a larger area for visuals in automotive display systems is also bolstering the market growth. Moreover, the launch of favorable initiatives by government bodies across countries to spread awareness among individuals towards the benefits of using automotive display systems in vehicles is further catalyzing the global market. Besides this, the development of automotive display systems by several automobile companies in mid-range vehicle models to reach the mid and low-income consumer base is also propelling the market growth. Additionally, continuous product innovations and extensive investments in R&D activities are expected to fuel the automotive display system market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- LCD
- TFT-LCD
- OLED
- Digital Lighting Processing (DLP)
- Plasma Panels
Breakup by Display Size:
- Less than 5”
- Between 6” to 10”
- Greater than 10”
Breakup by Application:
- Head Up Display
- Instrument Cluster
- Center Stack Display
- Rear Seat Entertainment Display
- Rear View Mirror Display
- Portable Navigation Device
- Others
Breakup by Vehicle Type:
- Passenger Vehicle
- Hatchback
- Sedan
- Utility Vehicles
- Light Commercial Vehicle
- Buses & Coaches
- Trucks
Breakup by Sales Channel:
- OEM
- Aftermarket
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
Alps Alpine Co. Ltd., AUO Corporation, Continental AG, DENSO Corporation, Innolux Corporation, Japan Display Inc. (Sony Corporation), LG Display Co. Ltd., Nippon Seiki Co. Ltd., Panasonic Holdings Corporation, Robert Bosch GmbH, Valeo SA, Visteon Corporation and YAZAKI Corporation
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