Automotive Display Market to Grow at a CAGR of ~7.48% during the forecast period of 2023 to 2030, Rising demand for in-vehicle safety and comfort to drive the market

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.

The automotive display market refers to the market for displays used in vehicles, including passenger cars, commercial vehicles, and off-highway vehicles. These displays are used for a variety of purposes, such as displaying vehicle information, navigation, infotainment, and driver assistance systems. The COVID-19 pandemic had a significant impact on the automotive industry, including the automotive display market.

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The pandemic disrupted global supply chains, leading to shortages of materials and components needed for the production of displays. It also caused a decrease in demand for vehicles, which led to a decrease in demand for automotive displays. However, as the pandemic is slowly being brought under control, the automotive industry is expected to recover, leading to a rebound in demand for automotive displays.

Regional Analysis

The automotive display market is divided into several regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is the largest market for automotive displays, accounting for the majority of the global market share. This is due to the increasing demand for vehicles in the region, particularly in China and India.

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The growing middle-class population in these countries is driving demand for vehicles equipped with advanced features, including displays. North America and Europe are also significant markets for automotive displays, driven by the presence of major automotive manufacturers and a high level of consumer demand for advanced vehicle features. Latin America and the Middle East and Africa are smaller markets for automotive displays, but they are expected to experience significant growth in the coming years as vehicle ownership rates increase in these regions.

Market Segmentation

The Global automotive display market has been segmented into type, application, and Display Size.

Based on Application: Telematics, Navigation and Infotainment

Based on Type: TFT LCD, PMOLED and AMOLED

Based on Display Size: 3”-5”, 6”-10”, Greater than 10

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Key Players

• LG Display Co. Ltd
• Panasonic Corporation
• Delphi Technologies
• Robert Bosch GmbH
• Visteon Corporation
• Continental AG
• 3M Company
• Nippon Seiki Co. Ltd
• Magneti Marelli S.p.A
• Qualcomm Technologies Inc among others

Tags: Automotive Display, Automotive Display Market share, Automotive Display Market,  Automotive Display Market Research Report,  Automotive Display Market Size, Automotive Display Market trends See Campaign: https://www.marketresearchfuture.com/reports/automotive-display-market-6954

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