The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the automotive multilayer display market’s growth in recent years?
The increasing demand for autonomous vehicles is expected to propel the growth of the automotive multilayer display market going forward. An autonomous vehicle refers to a vehicle that can function independently of human control. Autonomous cars use automotive multilayer displays to enhance sensor fusion, navigation, control, prediction, HMI, fleet management, and architecture. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, it is expected to have 3.5 million autonomous vehicles on American roads by 2025. Additionally, 4.5 million autonomous vehicles are expected to be on the road by 2030. Therefore, the increasing demand for autonomous vehicles is driving the growth of the automotive multilayer display market.
Automotive Multilayer Display Market Driver: Automotive Multilayer Display Market Surges Amidst Growing Concerns Over Escalating Road Accidents
The growing number of road accidents is expected to propel the growth of the automotive multilayer display market going forward. Road accidents refers to an event involving at least one road user (vehicle, pedestrian, cyclist, etc.) on a public or private road that results in unintended injury or death. Automotive multilayer display improves driver awareness and potentially reducing accidents by providing information like navigation arrows, speed limits, and warnings more visible even in bright sunlight or challenging weather conditions. For instance, in June 2022, according to the World Health Organization, a US-based specialized health agency, almost 1.3 million people died each year from road traffic injuries. Therefore, the surge in road accidents is driving the growth of the automotive multilayer display market.
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How does the future projection of the automotive multilayer display market size compare to its historical growth?
The automotive multilayer display market size has grown strongly in recent years. It will grow from $7.68 billion in 2024 to $8.2 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to rising consumer demand for advanced features, government regulations on in-car safety systems, increasing consumer demand, safety and connectivity requirements, automotive industry growth.
The automotive multilayer display market size is expected to see strong growth in the next few years. It will grow to $10.04 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to augmented reality (ar) integration, autonomous driving trends, customization and personalization, energy efficiency and lightweight design, integration of ai and machine learning, environmental sustainability. Major trends in the forecast period include advancements in display technologies, integration of augmented reality (ar), regulatory compliance and safety standards, supply chain challenges, customization and personalization, environmental sustainability.
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Which key players are shaping the future of the automotive multilayer display market?
Major companies operating in the automotive multilayer display market report are Mitsubishi Motors Corporation, Bayerische Motoren Werke AG, Robert Bosch GmbH, Audi AG, Renault SA, Continental AG, Panasonic Corporation, Hyundai Mobis, Johnson Controls, Pioneer Corporation, Skoda Auto, Nippon Seiki Co. Ltd., LG Display Co. Ltd., Aptiv PLC, KYOCERA Corporation, AU Optronics Corp., HARMAN International,Varitronix, Yazaki Corporation, Visteon Corporation, Socionext America Inc., Alpine Electronics Inc., Denso Corporation, SmartKem Ltd., PureDepth Inc.
What trends will propel the growth and evolution of the automotive multilayer display market?
Major companies operating in the automotive multilayer display market are developing new technologies such as curved displays to meet larger customer bases, more sales, and increase revenue. An automotive curved ultrawide display is an innovative and advanced in-car infotainment and visualization system that features a large, wide, and curved screen. For instance, in January 2023, Continental AG a Germany-based automotive company, launched Curved Ultrawide Display. This product’s unique feature is its 47.5-inch TFT display, which has a 7,680 by 660-pixel active area and is lit by more than 3,000 LEDs. Additionally, superior high-contrast picture quality is produced by the matrix backlight, which also gives users the option of dimming specific portions of the screen as needed. It gives automakers a great deal of design freedom to produce an advanced, futuristic cockpit and show content on the continuous screen surface.
Which regions are expected to become dominant players in the automotive multilayer display market?
Asia Pacific was the largest region in the automotive multilayer display market in 2024. The regions covered in the automotive multilayer display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the automotive multilayer display market, and how are they evolving?
The automotive multilayer display market covered in this report is segmented –
1) By Type: Analog Display, Digital Display
2) By Vehicle Type: Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Car
3) By Application: Fuel Indicator, Speed Indicator, Acceleration Indicator
Subsegments:
1) By Analog Display: Pointer-based Analog Display, Hybrid Analog-Digital Display
2) By Digital Display: LCD Display, OLED Display, TFT Display, AMOLED Display
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How is the automotive multilayer display market defined, and what are its core characteristics?
An automotive multilayer display, also known as a multi-layer display or multi-screen display, is a sophisticated and advanced visual technology integrated into the dashboard or cockpit area of a vehicle. It consists of multiple display screens or layers stacked on top of each other within a single housing or assembly. It is used to enhance the infotainment experience for drivers and passengers by adding depth and high-definition visuals to automobile interiors.
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