Auto Display Market Buggers Billions By 2025

According to Global Market Insights’ latest research, the automotive display market is expected to grow at a CAGR of 10% from 2019 to 2025. The global industry unit shipments are set to exceed 350 million units by 2025. Market growth is driven by technological innovations such as car connectivity and development of infotainment systems.

 

SENSORS EXPO & CONFERENCE

Sensors 2019 Hits Silicon Valley June 25-27!

Join 7,000+ engineers this June in San Jose at the sensor industry’s biggest event! With 65+ Technical Sessions, 100+ Leading Speakers, 10 new and updated tracks, and 300+ Interactive Exhibits, there’s more opportunity than ever to connect with this booming industry and the technologies driving it. See thousands of the newest technologies in action, learn about the latest applications, and develop invaluable partnerships at the only event dedicated to sensors, connectivity, and systems.

 

Notable Findings

  • With an increased need for vehicle safety features, technologies such as augmented reality have turned from a mere concept into reality.
  • With the growing sales of passenger cars, the rising demand for connected vehicles, and a high disposable income, the automotive display market has been witnessing a rapid growth, particularly in Asian & European economies.
  • Currently, most of the display panels used in these systems are TFT LCD displays, whereas OLED panels are expected to be more prominent in the automotive display market in the coming years.
  • Key players in the industry are Continental AG, Visteon, Panasonic Automotive Systems, Denso, and Robert Bosch, offering different products such as instrument clusters, head-up displays, etc.
  • Factors restraining growth include the high costs of Advanced Driver Assistance Systems (ADAS) and the costs associated with technologies such as augmented reality and OLED panels, limiting the automotive display market.
  • Touch surfaces are not yet as reliable as mechanical buttons and systems.
  • Larger displays if not implemented properly results in difficulty of operation, making it unsafe for drivers. Tesla’s large display is an example, which is difficult to operate due to its size and drivers need to look at the display every time while operating it. This problem is being resolved with the introduction of 3D touch surface displays by Continental AG.

 

For further findings, request a sample of the “Automotive Display Market” report.

Read more on

Suggested Articles

The European Commission can impose fines of up to 10% of the company’s global revenues if Broadcom is found in violation of EU rules.

The expansion came just a week before U.S. President Donald Trump’s planned meeting with China’s president, Xi Jinping, to talk trade.

Global Smart Space Market: Technologies and Applications