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Written by stanley huds » Updated on: November 19th, 2024
IMARC Group’s report titled “Automotive Display System Market Report by Technology (LCD, TFT-LCD, OLED, Digital Lighting Processing (DLP), Plasma Panels), Display Size (Less than 5”, Between 6” to 10”, Greater than 10”), Application (Head Up Display, Instrument Cluster, Center Stack Display, Rear Seat Entertainment Display, Rear View Mirror Display, Portable Navigation Device, and Others), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Buses & Coaches, Trucks), Sales Channel (OEM, Aftermarket), and Region 2024-2032”. The global automotive display system market size reached US$ 15.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 33.1 Billion by 2032, exhibiting a growth rate (CAGR) of 8.23% during 2024-2032.
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Factors Affecting the Growth of the Automotive Display System Industry:
People are seeking high-quality infotainment systems that offer entertainment, navigation, and connectivity. Large and high-resolution touchscreens with intuitive interfaces are in high demand. Features, such as high-definition displays, multi-screen setups, and rear-seat entertainment systems are becoming popular, particularly in premium and luxury segments. The demand for seamless integration with smartphones through technologies like Apple CarPlay and Android Auto is growing. Consumers want to access their apps, contacts, messages, and media directly from the vehicle’s display system.
Innovations in display technologies, such as organic light emitting diode (OLED), active matrix organic light emitting diode (AMOLED), and thin film transistor liquid crystal display (TFT-LCD) provide higher resolution and better clarity. This enhances the visual experience for drivers and passengers, making it easier to read information and reducing eye strain. Modern display technologies offer superior brightness and contrast ratios, ensuring visibility in various lighting conditions, including direct sunlight.
Regulatory mandates for ADAS features, such as lane departure warning, automatic emergency braking, and adaptive cruise control, require sophisticated display systems to present real-time information to the driver. This integration helps ensure that drivers receive critical safety information promptly and clearly. Regulations promoting the use of driver monitoring systems, which detect drowsiness or distraction, often necessitate visual alerts on display systems to warn the driver and prompt corrective actions.
Explore full report with table of contents: https://www.imarcgroup.com/automotive-display-system-market
Leading Companies Operating in the Global Automotive Display System Industry:
Automotive Display System Market Report Segmentation:
By Technology:
TFT-LCD represents the largest segment due to its widespread adoption, cost-effectiveness, and versatility in meeting the display requirements of various automotive applications.
By Display Size:
Between 6" to 10" accounts for the majority of the market share as it strikes a balance between providing sufficient screen real estate for displaying information and fitting within the spatial constraints of most vehicle dashboards.
By Application:
Center stack display exhibits a clear dominance in the market. It serves as the primary interface for controlling infotainment, climate, and vehicle settings, making it a focal point for user interaction and information display.
By Vehicle Type:
Passenger vehicle holds the biggest market share owing to its more advanced and diverse display systems compared to commercial or industrial vehicles, catering to the preferences and needs of individual consumers.
By Sales Channel:
Based on the sales channel, the market has been bifurcated into OEM and aftermarket.
Regional Insights:
Asia Pacific enjoys the leading position in the automotive display system market on account of its thriving automotive industry, high individual demand for advanced technology features, and the presence of major automotive manufacturers and suppliers.
Global Automotive Display System Market Trends:
With the rise of connected cars, there is a growing demand for advanced display systems that seamlessly integrate with smartphones, offer internet connectivity, and support features, such as navigation, streaming services, and real-time vehicle diagnostics. There is a strong emphasis on enhancing driver safety and assistance through advanced driver assistance systems (ADAS) integrated with display systems. This includes features like lane departure warning, collision avoidance, and adaptive cruise control.
The increasing adoption of electric vehicles (EVs) and the development of autonomous driving technology are driving the demand for sophisticated display systems that provide vital information about battery status, range, and autonomous driving functions.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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