Automotive Displays Market Overview
According to MRFR analysis, the global Automotive Display Market is expected to register a CAGR of ~7.48% from 2022 to 2030 and hold a value of over USD 16.2 Billion by 2030.
An automotive display that can access navigation is called an automobile display. With the help of driver safety features, it guides you through the roots without causing you to become distracted. It also includes extra engine heat indications and tire pressure indicators. Aside from security issues, the organization also offers solutions for connection, entertainment, and battery innovation issues with services like audio, robotics, and electronics connectivity.
During the lockdown, every firm, no matter how little, medium-sized, or large, is experiencing losses. The main reason is that there are people available for manufacturing and production, but no clients are available since everything is shut down. However, it is anticipated that conditions will improve by 2022 when the vaccine procedure gets underway.
Regional Analysis
Europe is anticipated to control the majority of market revenue. Due to the vast number of automakers, including Audi, BMW, Porsche, and Lamborghini, Europe is expected to see the highest market growth throughout the anticipated period. The market value is most likely to increase steadily as a result of all these branded vehicles. It is anticipated that nations like Germany, France, and the UK would exert some dominance in the European markets for vehicle display systems.
Automotive Display Market Technological Advancement:
The automotive display market has seen significant technological advancements in recent years. Some of the key technological advancements include:
1. OLED displays: Organic Light-Emitting Diodes (OLEDs) are increasingly being used in automotive displays due to their high contrast ratio, fast response time, and thin and flexible design. OLEDs offer a brighter and clearer display than traditional Liquid Crystal Displays (LCDs) and are being used in high-end vehicles.
2. Head-Up Displays (HUDs): HUDs are becoming more prevalent in vehicles and offer drivers a clear display of information without having to take their eyes off the road. Modern HUDs can display information such as speed, navigation, and warning messages in full-color, high-resolution graphics.
3. Touchscreen displays: Touchscreen displays are becoming increasingly popular in vehicles as they offer a user-friendly interface for controlling various vehicle systems. Large touchscreen displays are being integrated into center consoles, while smaller touchscreens are being integrated into steering wheels and other areas of the vehicle.
4. Augmented Reality (AR) displays: AR displays are being developed for use in vehicles and can provide drivers with real-time information and visual cues superimposed onto the real world. AR displays have the potential to revolutionize the way drivers interact with their vehicles and the world around them.
5. Flexible displays: Flexible displays are a relatively new technology that has the potential to change the way automotive displays are designed and manufactured. Flexible displays can be bent and shaped into different forms, offering new design possibilities for automotive displays.
Overall, these technological advancements are improving the quality and functionality of automotive displays and will continue to drive innovation in this market in the coming years.
Market Segmentation
The Global Automotive Display Market has been segmented into Type, Display Size, and Application
Based on the Type, the market has been segmented into TFT LCD, PMOLED, and AMOLED.
Based on the Display Size, the market has been segmented into 3”-5”, 6”-10”, and>10.
Based on the Application, the market has been segmented into Telematics, Navigation, and Infotainment.
Key Players
Some of the key market players are LG Display Co. Ltd, Panasonic Corporation, Delphi Technologies, Robert Bosch, Visteon Corporation, Continental, 3M Company, Nippon Seiki Co. Ltd, Magneti Marelli, and Qualcomm Technologies Inc.
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