April 08, 2020
According to the research report titled ‘Automotive Display Market Size By Product, By Display Technology, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global automotive display market is expected to cross USD 30 billion by the year 2025.
There has been an upsurge in demand for safety and comfort features in vehicles. This factor along with advancements in display technologies such as driver assistance systems and flexible OLEDs are driving the automotive display market growth. Increasing sales of passenger vehicles, rising disposable income and growing inclination towards vehicle infotainment systems are further aiding the market expansion. Introduction of larger display systems with superior quality, emergence of digitalized instrument clusters along with emergence of rear-seat entertainment and heads-up displays are fostering the adoption of automotive displays across the globe.
Incorporation of larger displays by automobile manufacturers in order to show more information is further aiding the market expansion. Various market majors are focusing on developing innovative products such as multiple interactive surfaces in vehicles, in turn stimulating the industry outlook.
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As per product type, the report states that center stack display segment is presumed to expand significantly during the estimated timeframe. Government regulations pertaining to passenger safety have compelled automobile manufacturers to integrate improved features in the vehicles, thereby fueling the segmental growth.
On the other hand, head-up display segment is expected to register substantial growth over the ensuing years, primarily due to growing demand for enhanced safety in vehicles. Advanced head-up displays integrated with technologies such as augmented reality provides comprehensive vehicle information to the driver and reduce distraction while driving.
The prominent companies operating in automotive display market are YAZAKI Corp., Visteon, Stoneridge Inc., Simco Ltd., Robert Bosch GmbH, Pricol Ltd., Panasonic Automotive Systems, Nippon Seiki, MTA S.p.A., Mitsubishi Electric, Magneti Marelli, Hyundai Mobis, HARMAN International, Denso Corp., Continental AG, Blaupunkt and Alpine Electronics.
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