The global automotive display units market in 2022 was US$ 36.2 billion and is estimated to be US$ 37.23 billion in 2023. FMI states in its reports that the automotive display units market will expand at a CAGR of 6.41% between 2023 and 2033, totaling around US$ 69.1 billion by 2033.
Throughout the forecast period, the automotive display unit market is anticipated to be driven by the growing demand for passenger cars on the global market. The worldwide automobile display unit market is anticipated to grow significantly during the projected period due to drivers’ increasing preference for safety.
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Modern technologies like OLED display, driving assistance, driver information display, and AR head-up display—augmented reality that projects situation-specific information onto the vehicle’s windshield—are available on the car display unit.
52 basis points is added to the growth rate. Innovations and the development of connected and electric vehicles, which are expected to drive market growth during the projected period, are mostly responsible for this shift in growth rate.
Key Takeaways from the Market Study
- The global automotive display unit market expanded at a CAGR of 5.2% between 2017 and 2022.
- North America has captured a market share of 33.6% in 2022.
- United States has attained a market share of 30.9% in 2022.
- United Kingdom was estimated to record a 5.23% CAGR from 2023 to 2033.
- Under product type, the full digital segment captured a market share of 67.1% in 2022.
- Under vehicle type, mid-size vehicle cars attained to have a market share of 75.4%.
“The rise in the on-road automotive fleet size is one of the major key factors to increase the overall demand for automotive display units in the forecast period”, comments a Future Market Insights analyst.
Competitive Landscape
Attributed to the presence of such a high number of participants, the market is highly competitive. An automotive display units market report also contains projections using a suitable set of assumptions and methodologies. Global automotive display units research report provides analysis and information according to market segments such as geographies, applications, and industries.
Key Companies Profiled
- Continental AG
- Robert Bosch
- Panasonic Corporation
- Denso Corporation
- Magna International
- LG Display Co. Ltd
- Valeo SA
- Delphi Automotive
- Kyocera Corporation
- AU Optronics
- Japan Display Inc.
- Alpine Electronics Inc.
- Pioneer Corporation
- Visteon Corporation
- Garmin Ltd.
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Some new developments are-
- In November 2022, LG Display invested $2.8 billion in light-emitting diode facilities.
- In July 2023, Pioneer supplied P.T. Toyota Motor Manufacturing Indonesia with its display audio units to be factory-installed in all hybrid variants and the S gasoline version of the new Toyota Yaris Cross, which debuted in Indonesia in May 2023.
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
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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
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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