The estimated size of the automotive display units market in 2022 was USD 36.2 Billion and is estimated to be USD 37.23 Billion in 2023. The automotive business is frequently rising, with growth in prominence on the improvement of vehicle display technologies. The automotive display units market is likely to expand at a CAGR of 6.41% between 2023 and 2033, totaling around USD 69.1 Billion by 2033.
The rising demand for passenger vehicles in the global market is likely to drive the automotive display unit market during the forecast period. With the emerging demand for safety being the first preference among drivers, the global automotive display unit market is forecasted to witness considerable value during the forecast period.
FMI has identified East Asia to remain a key market for automotive display unit over the forecast period owing to increasing innovations and development towards autonomous vehicles.
Future Market Insights forecasts a comparison and review analysis of the dynamics of the automotive display unit market, which is primarily associated with the rising demand for passenger vehicles in the global market, the enormous owing fleet of the automotive vehicle and the rising awareness among consumers regarding vehicle safety, comfort, and convenience in vehicles.
The automotive display unit offers cutting-edge features like OLED display, driver assistance, driver information display, and AR head-up display, augmented reality that indicates the situation-specific information on the windshield of the vehicle.
Increment of 52 bps in the growth rate. Key reasons for this change in growth rate are attributed to innovations and the development of electric and connected vehicles which is anticipated to propel the market growth over the forecast period.
The market is expected to grow further due to Increasing demand for display technology such as TFT-LCD and OLED display panels, which are used for displaying 4K videos, also for the electronic rear-view mirror which uses a camera with a wide-angle lens that captures a wide rearward area, offering a wider viewing angle than conventional rear-view mirrors.
Several key developments in the market including product development, product launch, technological advancements, and others are expected to maintain the growth outlook of the market over the forecast period.
| Attributes | Details |
|---|---|
| Projected Forecast Value (2022) | USD 36.2 Billion |
| Projected Forecast Value (2023) | USD 37.23 Billion |
| Projected Forecast Value (2033) | USD 69.1 Billion |
| Growth rate | 6.41% CAGR |
| Forecast period | 2023 to 2033 |
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The global automotive display unit market expanded at a CAGR of 5.2% between 2017 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 6.41% between 2023 and 2033.
Increasing demand for passenger vehicles in the global market is one of the primary factors boosting the sales of automotive display units in the market. Automotive display manufacturers are focusing on technological advancements which enhance vehicle comfort and safety.
An increase in the demand for innovation is likely to boost the sales of automotive display units in the market. With the rising demand to enhance vehicle safety, comfort, and convenience in vehicles, the smart display provides advanced functions such as OLED display, driver assistance, driver information display and AR head-up display, the augmented reality which indicate the situation-specific information on the windshield of the vehicle which improves the driving skills of the driver.
Rise in the On-Road Automotive Fleet Size
Rising on-road automotive fleet size is one of the crucial factors contributing to the increasing demand for automotive display units over the forecast period.
Automotive displays are a key differentiator for modern vehicle interiors and the most important interface for the interaction of the driver and the vehicle. Changing consumer demands and the introduction of new technologies is a key factors in expanding the automotive display unit market.
With a resolution and a screen size that can be customized as per the OEM requirements, communication functions, and Bluetooth-enabled units combine a wide range of information in a single device to drive the automotive display unit market.
Customization of display units as per OEM requirements is also a crucial factor contributing to the sales of display units. These are some of the key factors for the increasing demand for automotive display units in the forecast period.
| Region/Country | North America |
|---|---|
| Key Growth Factors |
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| Key Statistic | Captured a market share of 33.6% in 2022. |
| Region/Country | United States |
|---|---|
| Key Growth Factors |
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| Key Statistic | Attained a market share of 30.9% in 2022. |
| Region/Country | Germany |
|---|---|
| Key Growth Factors |
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| Key Statistic | Forecasted at a market share of 22.6%. |
| Region/Country | United Kingdom |
|---|---|
| Key Growth Factors |
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| Key Statistic | Estimated to record at 5.23% CAGR from 2023 to 2033. |
| Region/Country | China |
|---|---|
| Key Growth Factors |
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| Key Statistic | Anticipated to record a market share of 9.33% in 2022. |
| Category | Product Type |
|---|---|
| Sub Category | Full digital segment |
| Key Growth Factors |
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| Key Statistics | Captured a market share of 67.1% in 2022. |
| Category | Vehicle Type |
|---|---|
| Sub Category | Mid-size Vehicle Cars |
| Key Growth Factors |
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| Key Statistics | Attained to have a market share of 75.4%. |
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Major players in the automotive display units market are focusing on collaborations and acquisitions in strengthening their market share as well as for geographic expansion. They are also aiming at research & development for new products to enhance their product portfolio as well as increase their customer base.
Some new developments in the automotive display unit market are-
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Segments Covered | By Product type, Vehicle type, Display size, Touch type, View type, Technology type, Screen format, Sales channel, Resolution, By Region |
| 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. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global automotive display units market could develop at an impressive 6.41% CAGR until 2033.
The United States is the leading market and captured 30.9% of the global market in 2022.
Introduction of electronic rearview mirrors to drive the China market share from 9.33% in 2022.
Mid-size vehicle cars hold a higher growth potential with almost 75.4% market share in 2022.
Usage of nanotechnology in automotive display units is expected to record a 5.23% CAGR.
| Estimated Market Size (2024E) | USD 15.8 billion |
|---|---|
| Projected Market Value (2034F) | USD 45.69 billion |
| Value-based CAGR (2024 to 2034) | 11.3% |
| Base Year Market Value (2023) | USD 93.9 billion |
|---|---|
| Projected Year Market Value (2033) | USD 414.5 billion |
| CAGR (2023 to 2033) | 16% |
| Market Size (2022) | USD 151.7 Million |
|---|---|
| Market Size (2032) | USD 604.8 Million |
| Value CAGR (2022 to 2032) | 14.80% |
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Automotive Display Units Market
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