Market Synopsis
Globally, the automotive display market is expected to grow from USD 11 billion in 2017 to USD 23 billion by 2023, at a CAGR of 13% during the forecast period. Increasing demand for connected vehicles, increasing dependency of navigations systems, and increasing demand for infotainment in automobile are some major factors which are expected to drive the market during forecast period. Growing in-vehicle safety and comfort also contributed to the growth of automotive display applications. However, high cost of advanced automotive display systems and safety concerns related to replacement of mechanical controls with touch screen display is expected to restrain the market growth during the forecast period.
The Automotive Display Market is a touch screen display device that provides distraction free access to navigation, driver safety features, and multimedia function for vehicles including engine heat indicators, and tire pressure among others. Panasonic Corporation is one of the major manufacturers of automotive display. Company provides solutions such as head-up for safety, entertainment and connectivity, and battery innovations and services such as audio services, autonomous services, connectivity services, electronic components, EV HEV energy, infotainment, and vision & sensing. Further, in February 2018, Panasonic corporation partnered with Trend Micro to develop cyber security solution for connected cars. This partnership is aimed to control driving behavior such as steering and breaking, acceleration, and in-vehicle infotainment. This overall development enables provision of solution including in-vehicle and cloud systems for cyber-attacks against autonomous and connected cars.
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Key Players
The key players in the automotive display market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – LG Display Co. Ltd (South Korea), Panasonic Corporation (Japan), Delphi Technologies (UK), Robert Bosch GmbH (Germany), Visteon Corporation (US), Continental AG (Germany), 3M Company (US), Nippon Seiki Co. Ltd (Japan), Magneti Marelli S.p.A (Italy), and Qualcomm Technologies Inc (US) These players contribute a major share in the growth of automotive display market.
Apart from the top key players, there are other players that contribute to the market growth. These include Denso Corporation (Japan), Synaptics Incorporated (US), and Nidec Corporation (Japan), among others.
Segmentation
The global automotive display market is segmented into type, technology, display size, applications and region.
By type, the market is segmented into rear seat entertainment touchscreen display, center stack touchscreen display, advanced instrument cluster display, and others.
By technology, the market is segmented into TFT LCD, PMOLED, PMLCD, AMOLED, and others.
By display size, the market is segmented into 3”-5”, 6”-10”, and >10”.
By applications, the market is segmented telematics, infotainment, navigation, others.
By region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Analysis:
The global market for automotive display is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of global automotive display market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
Europe is expected to dominate the global automotive display market during the forecast period. Germany, the UK, and France are expected to dominate the automotive display market in Europe. Large number of car manufacturers such as Audi, BMW, Porche, Lamborghini are expected to drive the automotive display market in Europe.
Asia-Pacific is expected to grow at faster rate during forecast period. Japan, China, and South Korea are expected to dominate the automotive display market during forecast period. Presence of telecommunication industries such as Huawei, China Telecom., and Bharti Airtel drives the automotive display market in Asia-Pacific.
Competitive Analysis:
According to the latest trend in the automotive display market, most enterprises are expanding their technological capabilities to adopt different IoT solutions and better automatic display operations. Most of the companies have adopted inorganic strategies to expand their businesses, where partnership and collaboration accounted for significant market share, whereas merger & acquisition accounted for the overall key development undergone by the key players in the market.
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Intended Audience
- Mobile network operators (MNOs)
- Display manufacturers
- End users
- IoT entrants
- Integrated device manufacturers (IDMs)
- Original design manufacturers (ODMs)
- Original equipment manufacturers (OEMs)
- Semiconductor companies
- Technology, service, and solution providers
- Technology standard organizations, forums, alliances, and associations
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