Global Automotive Display Unit Market – Industry Trends and Forecast to 2029

Global Automotive Display Unit market, By Product (Full Digital Displays, Navigation Displays, HUDs, Digital Side Mirrors, Digital Rear View Mirrors, Rear Seat Displays, Rear Seat Control), Vehicle Type (Compact, Mid-Size, SUVs, Luxury, LCVs, HCVs), Display Size (10 Inch), Touch Type (With Touch, Without Touch), View Type (2D, 3D), Technology (TFT LCDs, PMOLEDs, PMLCDs, AMOLEDs), Screen Format (Standard, Wide), Sales Channel (OEMs, Aftermarket), Resolution (Pixel Formats, Pixel Numbers) – Industry Trends and Forecast to 2029

Market Analysis and Size

Automotive display unit is digital screen which is integrated in vehicles for communicating important information to the driver to both driver and passenger. Automotive display unit is normally connected on vehicles dashboard and can also connected with multiple new locations according to preferences. The automotive business is continuously growing, with a rising prominence on improving vehicle display technologies. Numerous automakers now displayed their cars with new concept in which integrate linked automobile technologies. These extremely advanced display units used in automobiles give comfort, convenience, and access to the most recent technologies.

Data Bridge Market Research analyses that the automotive display unit market was valued at USD 14,503 million in 2021 and is expected to reach USD 28476.66 million by 2029, registering a CAGR of 8.80% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.     

Report Scope and Market Segmentation

Market Definition

The automotive display unit delivers cutting-edge features such as driver assistance, driver information display, OLED display and AR head-up display. In this display the specific information indicates on the windshield of the vehicle. This transparent display presents information in the automobile without requiring operators to look away from their usual viewpoints.

Automotive Display Unit market Dynamics

Drivers

• Rise the demand of passenger cars

Increase in sales of passenger cars overall the globe has driven the growth rate of the automotive display unit market. It is a preferred part of a vehicle, which provides ease of accessibility and direction in vehicles. Growing investment in luxury cars is another major factor that is expected to boost the demand for display units.

• Technological advancement

Automotive display unit manufacturers have developed technologies such as AMOLEDs and TFT LCDs that can be used in low ambient light conditions and enhance the vehicle's safety. These technologies deliver several benefits such as larger display size, vehicle safety, high resolution, high heat-resistance, and lighter than a liquid crystal display (LCD) property which are expected to drive the growth of the automotive display unit market during forecast period.

Also, growing demand of the commercial as well as passenger vehicles, increasing levels of disposable income among the consumers and increasing preferences towards safety as well as comfort systems, surging demand are some major factors which will expected to accelerate the growth of the automotive display unit market.

Opportunities

• Increase the number of innovation

The demand for innovation in display unit is expected to boost the sales of automotive display units in the market globally. With the increasing demand to improve vehicle comfort, safety, comfort and convenience in vehicles, this smart display offer advance functions such as driver information display, OLED display, driver assistance, and AR head-up display create beneficial opportunities for the growth of the market.

Moreover, emerging new markets and rise in strategic collaborations will also act as market drivers and further create immense opportunities for the market’s growth rate.

Restraints/ Challenges

• High cost and unavailability of advanced infrastructure

The unavailability of advanced infrastructure for wide production and the High cost of research and development are acting as market restraints for display units, which will further challenge the growth rate of the automotive display unit market during the forecast period mentioned.

This automotive display unit market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive display unit market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Automotive display unit market

The outbreak of COVID-19 pandemic had a severe impact on the automotive industry globally. Production of vehicles dropped due to the closure of production facilities and shortage of raw materials globally. The global economy witnessed a major drop because of COVID- 19 pandemic, which also impacted the sales of automotive display units. The market is projected to improve slowly with the resume of trade and production activities, thus impacting the automotive display unit market.

Recent Development

• In Jan 2019, Panasonic Corporation declared that it has a joint venture with Toyota motors to manufacture the automotive prismatic batteries.
• In 2019, LG Display declared that in the first quarter of FY 2019 they  noted accumulative sales of 100 million Automotive Display Units

Global Automotive Display Unit market Scope

The automotive display unit market is segmented on the basis of product, vehicle type, display size, touch type, view type, technology, screen format, sales channel and resolution. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Full Digital Displays
• Navigation Displays
• HUDs
• Digital Side Mirrors
• Digital Rear View Mirrors
• Rear Seat Displays
• Rear Seat Control

Vehicle Type

• Compact
• Mid-Size
• SUVs
• Luxury
• LCVs
• HCVs

Display Size

• < 5 Inch
• 5-10 Inch
• >10 Inch

 Touch Type

• With Touch
• Without Touch

View Type

• 2D
• 3D

Technology

• TFT LCDs
• PMOLEDs
• PMLCDs
• AMOLEDs

Screen Format

• Standard
• Wide

Sales Channel

• OEMs
• Aftermarket

 Resolution

• Pixel Formats
• Pixel Numbers

Automotive Display Unit market Regional Analysis/Insights

The automotive display unit market is analysed and market size insights and trends are provided by country, product, vehicle type, display size, touch type, view type, technology, screen format, sales channel and resolution as referenced above.

The countries covered in the automotive display unit market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

North America and Europe dominate the automotive display unit market during forecast period 2022-2029 due to the increasing manufacture along with the adoption of display unit products in this region

Asia-Pacific is expected to be the fastest developing regions due to the increasing disposable income of the consumers along with growing preferences towards the comfort and safety in this region

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Display Unit market Share Analysis

The automotive display unit market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive display unit market.

Some of the major players operating in the automotive display unit market are:

• Samsung (South Korea)
• LG Display (South Korea)
• NEC (Japan)
• Sharp NEC Display Solutions (Japan)
• Leyard Europe (Germany)
• Barco (Belgium)
• Sony Corporation (Japan)
• E Ink Holdings Inc. (Taiwan)
• AUO Corporation (Taiwan)
• DEEPSKY CORPORATION LTD (Hong Kong)
• VTRON TECHNOLOGIES LTD (China)
• AOTO Electronics Co., Ltd (China)
• Unilumin (China)
• ViewSonic Corporation (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• Panasonic Corporation Co, Ltd (Japan)
• Planar Systems Inc. (U.S.)
• 3M (U.S.)
• Japan Display Inc (Japan)