Market Overview

The automotive display system market is a rapidly growing market that deals with the production and sale of display systems used in automobiles. The display systems are used to display information such as navigation maps, infotainment content, and vehicle diagnostics on the dashboard of the car. The automotive display system market has been growing steadily over the years due to the increasing demand for high-end cars and the growing trend of integrating advanced technology into cars. The market is expected to grow significantly in the coming years due to the increasing demand for advanced driver assistance systems (ADAS) and electric vehicles.

Meaning

The automotive display system market refers to the market that deals with the production and sale of display systems used in automobiles. The display systems are used to display information such as navigation maps, infotainment content, and vehicle diagnostics on the dashboard of the car. The display systems are usually touch-enabled and have high resolution and brightness. The automotive display system market includes various types of displays such as LCD displays, OLED displays, and TFT displays.

Executive Summary

The global automotive display system market is expected to grow at a CAGR of around 10% during the forecast period (2021-2028). The market is primarily driven by the increasing demand for high-end cars, the growing trend of integrating advanced technology into cars, and the increasing demand for advanced driver assistance systems (ADAS) and electric vehicles. The LCD display segment is expected to dominate the market during the forecast period due to its low cost and high demand. The Asia-Pacific region is expected to dominate the market during the forecast period due to the presence of major automotive manufacturers in the region.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

The global automotive display system market is expected to grow at a significant rate during the forecast period. The increasing demand for high-end cars, the growing trend of integrating advanced technology into cars, and the increasing demand for advanced driver assistance systems (ADAS) and electric vehicles are the primary drivers of the market. The LCD display segment is expected to dominate the market during the forecast period due to its low cost and high demand. The Asia-Pacific region is expected to dominate the market during the forecast period due to the presence of major automotive manufacturers in the region.

Market Drivers

The global automotive display system market is primarily driven by the following factors:

1. Increasing demand for high-end cars: The demand for high-end cars is increasing due to the increasing purchasing power of consumers and the growing trend of luxury cars. The high-end cars usually come with advanced display systems that are touch-enabled and have high resolution and brightness.
2. Growing trend of integrating advanced technology into cars: The trend of integrating advanced technology into cars is growing rapidly due to the increasing demand for connected cars and smart cars. The advanced display systems are an important part of connected cars and smart cars.
3. Increasing demand for advanced driver assistance systems (ADAS): The demand for ADAS is increasing rapidly due to the growing concern for safety and security while driving. The advanced display systems are an important part of ADAS as they display important information such as navigation maps, lane departure warning, and blind spot detection.
4. Increasing demand for electric vehicles: The demand for electric vehicles is increasing rapidly due to the growing concern for the environment and the increasing cost of fuel. The advanced display systems are an important part of electric vehicles as they display important information such as battery status, range, and charging points.

Market Restraints

The global automotive display system market is restrained by the following factors:

1. High cost of advanced display systems: The cost of advanced display systems is high, which makes them less affordable for some consumers. This limits the demand for advanced display systems.
2. High cost of maintenance: The maintenance cost of advanced display systems is high, which makes them less attractive to some consumers. This limits the demand for advanced display systems.

3. Complex design and installation: The design and installation of advanced display systems are complex, which makes them difficult to install and maintain. This limits the adoption of advanced display systems in some regions.

Market Opportunities

The global automotive display system market has the following opportunities:

1. Increasing demand for augmented reality display systems: The demand for augmented reality display systems is increasing rapidly due to the growing trend of integrating augmented reality into cars. The augmented reality display systems provide real-time information such as traffic conditions, weather conditions, and speed limits.
2. Growing trend of autonomous cars: The trend of autonomous cars is growing rapidly due to the increasing demand for safe and comfortable driving. The advanced display systems are an important part of autonomous cars as they display important information such as speed, distance, and obstacles.
3. Growing demand for heads-up displays (HUDs): The demand for HUDs is growing rapidly due to the increasing demand for safe and comfortable driving. The HUDs display important information such as speed, distance, and navigation instructions on the windshield of the car.

Market Dynamics

The global automotive display system market is driven by various factors such as the increasing demand for high-end cars, the growing trend of integrating advanced technology into cars, the increasing demand for ADAS and electric vehicles, and the increasing demand for augmented reality display systems, autonomous cars, and HUDs. The market is restrained by factors such as the high cost of advanced display systems, the high cost of maintenance, and the complex design and installation of advanced display systems. The market has various opportunities such as the growing demand for augmented reality display systems, autonomous cars, and HUDs.

Regional Analysis

The global automotive display system market is divided into various regions such as North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. The Asia-Pacific region is expected to dominate the market during the forecast period due to the presence of major automotive manufacturers in the region. The region is also expected to grow at a significant rate during the forecast period due to the increasing demand for advanced display systems, ADAS, and electric vehicles. The North America and Europe regions are also expected to grow at a significant rate during the forecast period due to the increasing demand for high-end cars and advanced technology.

Competitive Landscape

Leading Companies in the Automotive Display System Market:

1. Continental AG
2. Denso Corporation
3. Robert Bosch GmbH
4. Visteon Corporation
5. LG Display Co., Ltd.
6. Panasonic Corporation
7. Yazaki Corporation
8. Harman International Industries, Incorporated
9. Magneti Marelli S.p.A. (CK Holdings Co., Ltd.)
10. Pioneer Corporation

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The global automotive display system market is segmented based on type, application, and region.

By Type:

• LCD Displays
• OLED Displays
• TFT Displays

By Application:

• Infotainment System
• Navigation System
• Driver Assistance System
• Others

By Region:

• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• Latin America

Category-wise Insights

The global automotive display system market is divided into various categories such as LCD displays, OLED displays, TFT displays, infotainment system, navigation system, driver assistance system, and others. The LCD display segment is expected to dominate the market during the forecast period due to its low cost and high demand. The infotainment system segment is expected to dominate the application segment during the forecast period due to the increasing demand for entertainment in cars.

Key Benefits for Industry Participants and Stakeholders

The key benefits for industry participants and stakeholders in the global automotive display system market are as follows:

1. The increasing demand for high-end cars, advanced technology, ADAS, and electric vehicles provides growth opportunities for industry participants and stakeholders.

2. The growing trend of integrating augmented reality, autonomous cars, and HUDs into cars provides opportunities for innovation and product differentiation.
3. The increasing demand for advanced display systems provides opportunities for revenue growth and market expansion.
4. The presence of major automotive manufacturers in the Asia-Pacific region provides opportunities for market expansion and customer acquisition.

SWOT Analysis

The SWOT analysis of the global automotive display system market is as follows:

Strengths:

• Increasing demand for high-end cars and advanced technology.
• Growing trend of integrating augmented reality, autonomous cars, and HUDs into cars.
• Increasing demand for advanced display systems.

Weaknesses:

• High cost of advanced display systems.
• High cost of maintenance.
• Complex design and installation of advanced display systems.

Opportunities:

• Increasing demand for augmented reality display systems, autonomous cars, and HUDs.
• Growing demand for ADAS and electric vehicles.
• Presence of major automotive manufacturers in the Asia-Pacific region.

Threats:

• Intense competition among players in the market.
• Economic slowdowns in key markets.
• Regulatory and environmental concerns.

Market Key Trends

The key trends in the global automotive display system market are as follows:

1. Increasing demand for high-end cars with advanced display systems.
2. Growing trend of integrating advanced technology into cars.
3. Increasing demand for ADAS and electric vehicles.
4. Growing demand for augmented reality display systems, autonomous cars, and HUDs.
5. Increasing focus on product innovation and differentiation.
6. Growing presence of major automotive manufacturers in emerging markets.

Covid-19 Impact

The Covid-19 pandemic had a significant impact on the global automotive display system market. The pandemic led to the closure of manufacturing facilities and supply chain disruptions, which affected the production and sale of automotive display systems. The pandemic also led to a decline in consumer demand for cars due to the economic slowdown and travel restrictions. However, the market is expected to recover gradually as the restrictions are lifted and the demand for cars and advanced technology increases.

Key Industry Developments

The key developments in the global automotive display system market are as follows:

1. In May 2021, Continental AG announced the development of a new 3D display for automotive applications that uses autostereoscopic technology to provide a 3D image without the need for special glasses.
2. In January 2021, LG Display Co., Ltd. announced the development of a new transparent OLED display for automotive applications that can be used as a heads-up display (HUD).
3. In November 2020, Denso Corporation announced the development of a new automotive display system that uses artificial intelligence (AI) to provide real-time information and predictions to drivers.

Analyst Suggestions

The analysts suggest the following strategies for industry participants and stakeholders in the global automotive display system market:

1. Focus on product innovation and differentiation to stay ahead of the competition.
2. Expand presence in emerging markets to increase customer base and revenue growth.
3. Collaborate with automotive manufacturers and suppliers to improve supply chain efficiency and reduce costs.
4. Invest in research and development to stay up-to-date with the latest trends and technologies.
5. Ensure compliance with regulatory and environmental standards to avoid penalties and reputation damage.

Future Outlook

The global automotive display system market is expected to grow at a significant rate during the forecast period (2021-2028). The increasing demand for high-end cars, advanced technology, ADAS, and electric vehicles is expected to drive the market growth. The growing trend of integrating augmented reality, autonomous cars, and HUDs into cars is also expected to provide opportunities for innovation and product differentiation. The Asia-Pacific region is expected to dominate the market during the forecast period due to the presence of major automotive manufacturers in the region.

The LCD display segment is expected to dominate the market during the forecast period due to its low cost and high demand. The market is expected to face challenges such as the high cost of advanced display systems, high cost of maintenance, and complex design and installation of advanced display systems. However, the market has opportunities such as the growing demand for augmented reality display systems, autonomous cars, and HUDs. The market is expected to recover gradually from the impact of the Covid-19 pandemic as the restrictions are lifted and the demand for cars and advanced technology increases.

Conclusion

The global automotive display system market is a rapidly growing market that deals with the production and sale of display systems used in automobiles. The market is driven by various factors such as the increasing demand for high-end cars, the growing trend of integrating advanced technology into cars, the increasing demand for ADAS and electric vehicles, and the increasing demand for augmented reality display systems, autonomous cars, and HUDs.

The market is expected to grow at a significant rate during the forecast period, with the Asia-Pacific region expected to dominate the market. The market has opportunities for innovation and product differentiation, but it also faces challenges such as the high cost of advanced display systems and complex design and installation. Industry participants and stakeholders are suggested to focus on product innovation, expansion in emerging markets, collaboration, research and development, and compliance with regulatory and environmental standards to stay ahead of the competition and ensure long-term growth.