Automotive Display Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The world market for automobile displays was valued at about $ 9 billion in 2022 and is projected to reach $ 16.2 billion in 2030, growing at a CAGR of 7.48% from 2024 to 2030. This growth reflects a significant increase in the adoption of advanced display technologies by the automotive industry, driven by rising consumer demand for in-vehicle entertainment and smart technology. As vehicles become more connected and intelligent, the need for high-quality displays that provide critical information and entertainment is becoming more important. There are several factors driving the growth of the market, including the increasing popularity of electric vehicles and the increasing emphasis on driver assistance systems. The use of OLED and LCD displays has also become popular because of their superior image quality and energy efficiency. The main suppliers of the automobile display market, such as LG Display, Continental AG, and Panasonic, are investing heavily in R & D to develop new display functions and UIs. Strategic initiatives, such as establishing strategic partnerships with automobile manufacturers and launching new display solutions, have further accelerated the growth of the automobile display market.

Regional Market Size

Regional Deep Dive

The global Automotive Display Market is expected to grow at a CAGR of over 17% from 2017 to 2025, according to a new report by Technavio. The market is driven by advancements in technology, the rising demand for enhanced in-vehicle experience, and the growing demand for electric and self-driving vehicles. The North American market is characterized by the presence of leading automobile manufacturers and technology companies, which has accelerated the pace of innovation and competition. The European market is experiencing a shift toward sustainable and connected vehicles, which is influencing the design and functionality of the displays. Asia-Pacific is adopting advanced display technology at a fast pace, driven by the growing middle class and the booming automobile industry. The Middle East and Africa are experiencing a rise in the number of new car launches and are expected to continue to grow steadily. The Latin American market is expected to grow steadily, with the country's automobile industry evolving over the forecast period.

Europe

• European manufacturers are increasingly focusing on sustainable materials for automotive displays, with companies like BMW and Volkswagen investing in eco-friendly technologies to meet stringent EU regulations.
• The rise of connected vehicles in Europe is leading to the development of multi-functional displays that integrate navigation, entertainment, and vehicle diagnostics, with partnerships between automotive and tech firms like Daimler and Google.

Asia Pacific

• The Asia-Pacific region is witnessing a surge in demand for OLED and LCD displays in vehicles, with major players like Toyota and Honda investing heavily in next-generation display technologies.
• Government initiatives in countries like China are promoting electric vehicles, which often come equipped with advanced display systems, thereby accelerating the adoption of innovative automotive displays.

Latin America

• Latin America is gradually adopting digital cockpit technologies, with local manufacturers beginning to integrate advanced display systems in their vehicles to meet consumer expectations for modern features.
• Economic growth in countries like Brazil and Mexico is leading to increased vehicle sales, prompting manufacturers to enhance their offerings with innovative display solutions.

North America

• The integration of advanced driver-assistance systems (ADAS) in vehicles is driving demand for high-resolution displays, with companies like Tesla and Ford leading the charge in innovative display technologies.
• Regulatory changes in the U.S. regarding vehicle safety and connectivity are pushing manufacturers to adopt more sophisticated display systems that enhance user interaction and safety features.

Middle East And Africa

• The Middle East is seeing a rise in luxury vehicle sales, leading to increased demand for high-end display technologies, with brands like Mercedes-Benz and Audi introducing cutting-edge displays in their models.
• Investment in smart city projects across the region is driving the need for connected vehicle technologies, which include advanced display systems that enhance user experience and vehicle connectivity.

Did You Know?

“Did you know that the average vehicle now features over 10 different displays, including instrument clusters, infotainment systems, and head-up displays, reflecting the growing importance of visual technology in automotive design?” — Automotive News

Segmental Market Size

The Automotive Display Market is growing rapidly, driven by the increasing demand for advanced infotainment systems and driver assistance systems. The integration of digital displays into vehicles and the preference for a better user experience are the main growth drivers for the market. Regulations and mandates on the part of governments to encourage the use of advanced safety features are also a key driver for the demand for more advanced display solutions. At present, the market is at a stage of commercialization, with companies like BMW and Tesla leading the way in adopting the most advanced display solutions. Touchscreens, heads-up displays, and digital instrument clusters are the most commonly used display solutions. These solutions have both functionality and aesthetic value for the vehicle. The most important applications of these displays are for navigation, infotainment, and vehicle diagnostics. The push for electric vehicles and the trend towards green mobility is also driving the market. OLED and LCD display innovations, as well as augmented reality applications, are shaping the future of the market, making it more energy-efficient and interactive. The innovations in this area will be crucial to the development of the industry, as they will help to meet the demands of the consumers and the requirements of the authorities.

Future Outlook

During the forecast period, the market size for the automotive display is expected to grow from USD 9.09 billion in 2022 to USD 15.2 billion in 2030, at a CAGR of 7.48%. The growth is mainly driven by the increasing penetration of advanced display technologies such as OLED and LCD in vehicles. These screens offer a better visual experience to the driver through their high-resolution and high-interactivity. Moreover, as carmakers continue to give top priority to advanced driver assistance and infotainment systems, the demand for high-quality displays is expected to rise, which will result in a higher penetration of advanced display solutions in new vehicle models. The penetration of advanced display solutions in new vehicles is expected to be more than 75% in 2030. The emergence of augmented reality displays and the implementation of larger, multi-functional screens will also transform the in-vehicle experience. The increasing focus on electric vehicles (EVs) and the development of autonomous driving is also expected to drive the adoption of advanced display systems as these vehicles often require advanced navigation and communication systems. The government’s encouragement of smart transportation solutions will also be an important growth driver for the market. As a result, companies operating in the automotive display market must be prepared for the rapidly changing landscape of the market.