The rising global demand for passenger vehicles is expected to drive the automotive display units market during the forecast period. With safety being the number one priority among drivers, the global automotive display units market is expected to grow at an 8.3% CAGR between 2022 and 2029.
The automotive display units market is expected to be worth US$ 15,607.8 million in 2022. By 2032, the automotive display units market is expected to be worth US$ 27,329.0 million.
East Asia to continue to be a key market during the forecast period due to increased innovation and development in autonomous vehicles. The automotive display units market in the region is expected to grow at a CAGR of 9.2%.
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On-Road Automotive Fleet is Aggressively Growing:
The rapid proliferation of the on-road automotive fleet is one of the major factors determining demand for automotive display units. Automotive displays are a differentiating factor in modern vehicle interiors and the paramount interface for driver-vehicle interaction. Changing consumer demands and the introduction of new technologies are critical factors in the market’s expansion.
Display Unit Personalization
Customization of display units to OEM specifications is another important factor in display unit sales. These are some of the major drivers of increased demand for automotive display units during the forecast period.
With a resolution and screen size that can be customised based on OEM requirements, as well as communication functions and Bluetooth connectivity, the unit combines a wide range of information in a single device that is designed to drive the market.
Perspectives for the Region
Manufacturers of automotive display units in the United States are embracing new technologies by advancing display solutions to improve vehicle safety. Manufacturers in the United States aim to provide a comprehensive range of display units that improve driver safety and convenience.
Manufacturers in the United States are focusing on providing superior, high-resolution, and immersive displays. They intend to provide next-generation vehicle interiors with higher-resolution displays in larger sizes than current displays. Growing sales of luxury cars and premium SUVs are also important factors driving the growth of automotive display units in the United States market.
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Key Takeaways:
- The automotive display units market in East Asia is expected to grow at a 9.2% CAGR.
- During the forecast period, the US automotive display units market is expected to grow at a 7.3% CAGR.
- The German market is expected to have a 7.2% value CAGR in the Europe automotive display units market during the forecast period (2029).
- China automotive display units market throughout the forecast period with the Value CAGR of 10.4%.
- During the forecast period, the full digital segment in product type is expected to generate an absolute dollar opportunity of more than US$ 7,044.0 Million.
- During the forecast period, the mid-size vehicle type is expected to generate an absolute dollar opportunity of more than US$ 3,904.0 Million.
Competitive Landscape:
The prominent competitors in the automotive display units market are concentrating on collaborations and acquisitions to increase their market share and expand geographically. They also intend to conduct development and research for innovative products in order to expand their product portfolio and customer base.
Robert Bosch GmbH, Continental AG, Panasonic Corporation (Japan), Continental AG, LG Display Co. Ltd., Magna International Inc., Delphi, Automotive PLC, Valeo SA, and Kyocera Corporation are a few of the significant players in the automotive display units market.
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Recent Development:
| Date | Company | Strategy | Details |
| January 2019 | Panasonic Corporation | Collaboration | Panasonic Corporation announced in January 2019 that it has formed a joint venture with Toyota Motors to manufacture automotive prismatic batteries. |
| 2019 | Bosch Company | Product Launch | The Bosch Company introduced advanced solutions to the new Nikola Two Truck in 2019. The Nikola trucks include Bosch innovations such as the mirror cam system, perfectly keyless operation, and servo twin steering. |
| 2019 | LG Display | Announcement | LG Display announced in 2019 that it sold 100 million Automotive Display Units in the first quarter of fiscal year 2019. |
| 2018 | Magna International | Acquisition | Magna International acquired VIZA Geca SL in 2018 to bring seat-structure expertise and a product portfolio that included patented floor-latch systems and foldable seats. |
Automotive Display Units Market
By Product Type:
- Full Digital
- Navigation Display
- HUD
- Digital Side Mirror
- Digital Rear View Mirror
- Rear Seat Display
- Rear Seat Control
By Vehicle Type:
- Compact Car
- Mid-Size Car
- SUV
- Luxury Car
- LCV
- HCV
By Display Size:
- <1- Inch
- 1.x Inch
- 2.x Inch
- 3.x Inch
- 4.x Inch
- 5.x Inch
- 6.x Inch
- 7.x Inch
- 8.x Inch
- 9.x Inch
- 10.x Inch
- 11.x Inch
- >12.x Inch
By Touch Type:
- With touch
- Without touch
By View Type:
- 2D
- 3D
By Technology Type:
- TFTLCD
- PMOLED
- PMLCD
- AMOLED
By Screen Format:
- Standard
- Wide
By Sales Channel:
- OEM
- Aftermarket
By Resolution:
- Pixel formats
- Pixel numbers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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