The Automotive Display System Global Market Report 2023 by The Business Research Company, provides automotive display system market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Automotive Display System Global Market Report 2023, the global automotive display system market size is expected to grow from $18.37 billion in 2022 to $21.30 billion in 2023 at a compound annual growth rate (CAGR) of 16.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive display system market size is expected to reach $37.09 billion in 2027 at a CAGR of 14.8%.
Growth in vehicle production is expected to propel the growth of the automotive display system market going forward. Production of vehicles refers to the process of manufacturing cars or other vehicles that are identical models that have been built in large quantities. Automotive display system refers to the set up of display that presents information related automobile in order to communicate vital information to the driver. Due to such benefit, there is a increase in demand for automotive display system to enhance the safety of vehicle.
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The automotive display system market is segmented:
1) By Product Type: Center Stack Display, Camera Information Display, Reconfigurable Instrument Cluster, Driver Information Display, Rear Seat Entertainment, Head-up Display
2) By Technology: LCD, OLED
3) By Screen Size: < 5″ Inch, >5″-10″ Inch, >10” Inch
4) By Vehicle Type: Mid-Size Car, Luxury Car, SUVs and Crossovers, Light Commercial Vehicles, Other Vehicles
Technological advancements are a key trend gaining popularity in the automotive display system market. Major companies operating in the automotive display system market are focused on introducing technological advancements to sustain their position in the market. For instance, in June 2021, Visteon Corporation, a US-based automotive electronics company, launched microZone, an innovative OLED alternative and the first display technology to provide superior optical performance without compromising dependability or longevity. MicroZone technology is the first of its kind in the automotive sector and a cutting-edge alternative to organic light-emitting diodes (OLEDs). Visteon developed MicroZone in response to a market demand for a premium experience-delivery display that meets demanding automotive-specific specifications. MicroZone is recognised as the first car display to achieve remarkable optical performance without compromising vehicle durability, based on existing LCD technology and having satisfied high automotive qualification standards.
The automotive display system market report table of contents includes:
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Top Major Players
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