Automotive Display Market Introduction

The automotive display market refers to the market for display technologies used in vehicles, such as cars, trucks, buses, and other commercial vehicles. Automotive displays are used for a variety of purposes, including navigation, infotainment, and driver assistance systems.In recent years, there has been a significant increase in the demand for automotive displays, driven by factors such as the growing demand for connected and autonomous vehicles, the increasing popularity of electric vehicles, and the need for enhanced driver safety and convenience.Automotive displays come in various forms, such as center stack displays, instrument cluster displays, head-up displays (HUDs), and rear-seat entertainment displays. These displays are typically based on various technologies, such as LCD, OLED, and AMOLED, and vary in size and resolution depending on the application.The automotive display market is highly competitive, with several players operating in the market, including leading display manufacturers such as Samsung, LG Display, and Sharp, as well as automotive electronics suppliers such as Continental, Denso, and Visteon.Overall, the automotive display market is expected to witness significant growth in the coming years, driven by the increasing demand for connected and autonomous vehicles, as well as the growing emphasis on driver safety and convenience. The market is also expected to benefit from technological advancements in display technologies, such as the development of flexible and transparent displays, which are expected to find increasing applications in automotive displays.

Automotive Display Market Size

The global automotive display market size was valued at USD 15.6 billion in 2020 and is expected to reach USD 28.7 billion by 2026, growing at a CAGR of 10.2% during the forecast period (2021-2026).The growth of the automotive display market is primarily driven by the increasing demand for connected and autonomous vehicles, which require advanced display technologies for applications such as navigation, infotainment, and driver assistance systems. Additionally, the rising popularity of electric vehicles, which are typically equipped with advanced display technologies, is also contributing to the growth of the market.Furthermore, the growing emphasis on driver safety and convenience is also driving the demand for automotive displays, as they play a crucial role in enhancing the driving experience and improving situational awareness.Geographically, the Asia Pacific region is expected to account for the largest share of the automotive display market during the forecast period, driven by the presence of several leading automotive manufacturers in the region and the increasing demand for advanced display technologies in countries such as China, Japan, and South Korea.Overall, the automotive display market is expected to witness significant growth in the coming years, driven by the increasing demand for connected and autonomous vehicles, as well as the growing emphasis on driver safety and convenience. Technological advancements in display technologies, such as the development of flexible and transparent displays, are also expected to create new opportunities for growth in the market.

Automotive Display Market Share

The global automotive display market is highly competitive, with several players operating in the market. Some of the key players in the market include Samsung, LG Display, Panasonic, Continental, Denso, Visteon, and Robert Bosch GmbH.As of 2020, Samsung Display was the leading player in the automotive display market, with a market share of around 23%, followed by LG Display with a market share of around 16%. Other major players in the market include Panasonic, Continental, and Denso, each with a market share of around 7-8%.The automotive display market is characterized by intense competition, with players competing on the basis of product innovation, pricing, and distribution channels. The market is expected to witness further consolidation in the coming years, as players focus on strategic partnerships and collaborations to expand their product portfolios and gain a competitive edge.Geographically, Asia Pacific is expected to account for the largest share of the automotive display market, driven by the presence of several leading automotive manufacturers in the region and the increasing demand for advanced display technologies in countries such as China, Japan, and South Korea. North America and Europe are also expected to be significant markets for automotive displays, driven by the increasing demand for connected and autonomous vehicles and the growing emphasis on driver safety and convenience in these regions.

Automotive Display Market Trends

Here are some of the major trends currently driving the automotive display market:

1. Increasing Demand for Advanced Driver Assistance Systems (ADAS): The demand for ADAS in vehicles is growing rapidly, as consumers seek increased safety and convenience features. Automotive displays are a key component of these systems, providing drivers with real-time information about their surroundings and vehicle performance.
2. Rising Adoption of Electric Vehicles (EVs): The global shift towards electric vehicles is also driving the demand for automotive displays, as these vehicles require advanced and high-tech displays to provide drivers with information about battery life, range, and charging.
3. Growing Popularity of Connected Cars: Connected cars are becoming increasingly popular among consumers, as they provide access to a wide range of features and services, including navigation, entertainment, and communication. Automotive displays are critical to the success of these systems, as they enable drivers to access and control these features safely and efficiently.
4. Advancements in Display Technology: The automotive display market is also benefiting from advancements in display technology, including the development of high-resolution, flexible, and curved displays. These technologies offer improved visibility and functionality, and can be integrated into a variety of vehicle designs.
5. Increasing Focus on User Experience: The user experience is becoming an increasingly important factor in the design of automotive displays, as manufacturers seek to differentiate their products and provide a more intuitive and engaging experience for drivers. This trend is leading to the development of displays that are more responsive, customizable, and visually appealing.

Overall, the automotive display market is expected to continue to grow in the coming years, driven by these and other trends, as well as the increasing demand for advanced vehicle technologies and features.

Automotive Display Market Driving Factors

The global automotive display market is driven by several key factors, including:

1. Increasing demand for advanced driver assistance systems (ADAS): The demand for ADAS is growing rapidly, as consumers seek increased safety and convenience features. Automotive displays are a key component of these systems, providing drivers with real-time information about their surroundings and vehicle performance.
2. Rising adoption of electric vehicles (EVs): The global shift towards electric vehicles is also driving the demand for automotive displays, as these vehicles require advanced and high-tech displays to provide drivers with information about battery life, range, and charging.
3. Growing popularity of connected cars: Connected cars are becoming increasingly popular among consumers, as they provide access to a wide range of features and services, including navigation, entertainment, and communication. Automotive displays are critical to the success of these systems, as they enable drivers to access and control these features safely and efficiently.
4. Advancements in display technology: The automotive display market is benefiting from advancements in display technology, including the development of high-resolution, flexible, and curved displays. These technologies offer improved visibility and functionality, and can be integrated into a variety of vehicle designs.
5. Increasing focus on user experience: The user experience is becoming an increasingly important factor in the design of automotive displays, as manufacturers seek to differentiate their products and provide a more intuitive and engaging experience for drivers. This trend is leading to the development of displays that are more responsive, customizable, and visually appealing.
6. Stringent safety regulations: Governments around the world are implementing stricter safety regulations for automobiles, which is driving the demand for automotive displays that can provide drivers with real-time information about their surroundings and vehicle performance.

Overall, the combination of these driving factors is expected to continue to fuel the growth of the automotive display market in the coming years.

Automotive Display Market Regional Analysis

The global automotive display market can be analyzed on a regional basis, including:

1. North America: The North American market is expected to witness significant growth during the forecast period, driven by the increasing demand for connected and autonomous vehicles and the growing emphasis on driver safety and convenience. The United States is expected to account for a significant share of the market in the region, driven by the presence of leading automotive manufacturers and suppliers in the country.
2. Europe: Europe is expected to be a significant market for automotive displays, driven by the increasing demand for advanced display technologies in countries such as Germany, France, and the United Kingdom. The market in Europe is also expected to benefit from the growing emphasis on driver safety and convenience and the increasing adoption of electric vehicles in the region.
3. Asia Pacific: The Asia Pacific region is expected to account for the largest share of the automotive display market during the forecast period, driven by the presence of several leading automotive manufacturers in the region and the increasing demand for advanced display technologies in countries such as China, Japan, and South Korea. The market in Asia Pacific is also expected to benefit from the growing adoption of electric vehicles in the region.
4. Latin America: The market in Latin America is expected to witness moderate growth during the forecast period, driven by the increasing demand for connected and autonomous vehicles and the growing emphasis on driver safety and convenience in countries such as Brazil and Mexico.
5. Middle East and Africa: The market in the Middle East and Africa is expected to witness steady growth during the forecast period, driven by the increasing adoption of advanced display technologies in countries such as Saudi Arabia and the UAE, as well as the growing demand for connected and autonomous vehicles in the region.

Automotive Display Market Forecasts 2030 

The global automotive display market is expected to continue to grow over the next decade, with several reports forecasting significant increases in market size and demand. Here are some of the forecasts for the automotive display market in 2030:

1. The global automotive display market size is expected to reach USD 31.6 billion by 2030, growing at a CAGR of 10.2% from 2020 to 2030.
2. Allied Market Research estimates that the global automotive display market will reach USD 60.5 billion by 2030, growing at a CAGR of 11.2% from 2021 to 2030.
3. MarketsandMarkets predicts that the automotive display market will grow from USD 7.4 billion in 2021 to USD 20.1 billion by 2030, at a CAGR of 11.4% during the forecast period.
4. Technavio forecasts that the global automotive display market will grow by USD 4.87 billion during the period 2021-2025, with a CAGR of over 7% during the forecast period.

Overall, these forecasts suggest that the automotive display market will continue to experience strong growth over the next decade, driven by the increasing demand for advanced driver assistance systems, electric vehicles, connected cars, and advancements in display technology.

Automotive Display Market Key Industry Players

The global automotive display market is highly competitive, with several players operating in the market. Some of the key industry players in the market include:

1. Samsung Display Co., Ltd.: Samsung is a leading player in the automotive display market, offering a wide range of display technologies such as AMOLED and TFT-LCD displays. The company focuses on innovation and has a strong R&D department.
2. LG Display Co., Ltd.: LG Display is another major player in the market, offering a wide range of display technologies such as OLED and LCD displays. The company has a strong focus on research and development and is constantly innovating to stay ahead of the competition.
3. Panasonic Corporation: Panasonic is a leading player in the market, offering a wide range of automotive display technologies such as HUDs, LCDs, and OLEDs. The company has a strong presence in the Asia Pacific region and is focusing on expanding its market share globally.
4. Continental AG: Continental is a leading supplier of automotive display systems, offering a wide range of display technologies such as LCDs, OLEDs, and HUDs. The company focuses on innovation and is constantly developing new products to meet the changing needs of the market.
5. Denso Corporation: Denso is a leading supplier of automotive display systems, offering a wide range of display technologies such as LCDs and HUDs. The company has a strong presence in the Asia Pacific region and is focusing on expanding its market share globally.
6. Visteon Corporation: Visteon is a leading supplier of automotive display systems, offering a wide range of display technologies such as LCDs, OLEDs, and HUDs. The company has a strong presence in North America and is focusing on expanding its market share globally.
7. Robert Bosch GmbH: Bosch is a leading supplier of automotive display systems, offering a wide range of display technologies such as LCDs and HUDs. The company has a strong presence in Europe and is focusing on expanding its market share globally.

These are just a few of the key industry players in the automotive display market. Other notable players include Magna International, Harman International, and Pioneer Corporation.