Dubai, United Arab Emirates, February 3, 2022 (GLOBE NEWSWIRE) – World Automotive display unit market The historical compound annual growth rate of 6.2% For the period 2014 – 2021. The increasing demand for passenger cars in the global market is likely to drive the car display units market during the forecast period.
Future Market Insights (FMI) recently published a new report titled, “Automotive Display Units Market: Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029.” The global automotive display units market was valued at approximately US$ 14,502.9 million in 2021. The automotive display units market is expected to grow at a compound annual growth rate of approximately 8.3% during the forecast period. Complete digital display and navigation systems will play a vital role in achieving market revenue in the Automotive Display Modules market, according to FMI analysis.
|Global Automotive Display Units Market Analysis (2021)||14502.9 Million USD|
|Global Automotive Display Unit Market Analysis, Estimated Value for the Year (2022)||15607.8 Million US Dollars|
|Global Automotive Display Unit Market Analysis, Forecast Value for the Year (2029)||27329.0 million USD|
|Compound annual growth rate of value (2022-2029)||8.3%|
|Collective Value Share: Top 3 Countries (2022)||47.5%|
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Head-up display represents an emerging trend
In the current market scenario, it is destined that technological advancements in automotive display units will become more important due to the increased penetration of navigation display systems, software, and various display technologies into automobiles. Furthermore, automakers are focusing on head-up displays and navigation systems in their cars in order to increase safety features.
Automotive display manufacturers have developed technologies such as TFT LCD and AMOLED displays, which can be used in low ambient light conditions and enhance vehicle safety. These technologies provide various advantages such as vehicle safety, higher resolution, larger screen size, higher heat resistance, and lighter than liquid crystal display (LCD) feature.
Moreover, strict safety rules and regulations in countries such as Germany, USA, France and Italy force car manufacturers to raise safety standards in their cars. To improve vehicle safety, automakers are trying to implement digital rearview mirrors and pillar mirror to reduce vehicle blind spots, which is expected to support the demand for TFT, LCD and AMOLED displays in the automotive display module market.
It is estimated that increased sales of compact vehicles and premium large vehicles in developed and developing economies will boost the growth of the automotive display unit market. China is expected to be a prominent market in the global auto display unit market during the forecast period in terms of volume, owing to the growing demand for passenger cars from the middle class population.
Moreover, government initiatives to boost the manufacturing sector in developing countries like India are expected to create more opportunities in the Automotive Display Units market. These factors are expected to directly influence the growth of the Automotive Display Units market during the evaluation period.
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|Historical data available for||2014-2021|
|market analysis||Millions of dollars in value and volume units|
|Main areas covered||North America, Latin America, Europe, South Asia, Eastern Asia,
Middle East and Africa
|Main countries covered||United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom,
Spain, BENELUX, Russia, India, ASEAN, China, Japan,
South Korea, ANZ, GCC, South Africa, Turkey
|Main parts covered||By product type, by vehicle type, by display size, by touch type,
By display type, by technology type, by screen format,
By sales channel, by decision, by region
|An overview of the main companies||• Continental AG
• Robert Bush
• Panasonic Corporation
• Denso Corporation
• Magna International
• LG Display Co., Ltd.
• Valeo SA
• Delphi Autos
• Kyocera Corporation
• AU Optronics
• Japan Display Inc.
• Alpine Electronics Inc.
• Pioneer Company
• Company Visteon
• Garmin Ltd.
|Report coverage||Market forecast, company share analysis, competition intelligence,
DROT analysis, market dynamics and challenges, and
Strategic growth initiatives
China and India to create great growth opportunities
This Global Automotive Display Units Market Report notes that East Asia is estimated to hold a prominent share in the global Automotive Display Units market during the evaluation period. Due to the increase in vehicle production and the rise in vehicle safety standards, the demand for automobile display units is increasing all over the world.
It is estimated that China holds a large share of the Automotive Display Units market in East Asia, and drives growth in the region, while growing at a compound annual growth rate of close to 10% in value terms, between 2022 and 2029. This Automotive Display Units Market report studies the markets concerned across different regions, including North America, Latin America, Europe, East Asia, South Asia, the Middle East and Africa.
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Global Automotive Display Units Market: Competitive Landscape
Some of the major players involved in the manufacture of automotive display units, included in this study are Robert Bosch GmbH, LG Displays, Panasonic Corporation, Denso Corporation, Magna International Inc. and Valeo Sa, Delphi Automotive Plc, Continental Ag, Kyocera Corporation, and Japan Display Inc. and Au Optronics, Pioneer Corporation, and others.
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