LONDON--(BUSINESS WIRE)--The global automotive display system market size is poised to reach USD 294.19 million units by 2023, according to a new report by Technavio, progressing at a CAGR of 17%. However, the market is expected to decelerate on a year-on-year basis during the forecast period.
“Apart from the growing uptake of automotive electronics, the emergence of holographic displays for automotive applications, and the advances in automotive display systems are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio. Request Free Sample Pages
The market is driven by the growing uptake of automotive electronics. In addition, increasing demand for aftermarket infotainment systems is anticipated to further boost the automotive display system market during the forecast period.
The growing penetration of automotive electronics is one of the major factors that is driving the growth of the market. With the advent of technological innovations in automobiles, the uptake of electronic components and sub-systems has increased in vehicles. Moreover, automotive electronics have served as a base for the development of automotive display systems over the years, which has led to the present-day availability of high-definition in-vehicle display technologies. This is evident in the shift of automotive display systems from TFT displays to LEDs and AMOLEDs over the last decade.
Furthermore, the global automotive display system market is primarily driven by the aftermarket demand for infotainment or music systems. The global automotive aftermarket finds high demand for infotainment systems with touch controls, which is driving the global automotive display system market. These aftermarket infotainment systems are very popular in entry-segment vehicles, as these vehicles usually do not come equipped with an infotainment system. Also, the high availability of aftermarket infotainment systems gives consumers a variety of options to choose from, depending on the brand and the model. Therefore, the aftermarket sales of infotainment systems, is also contributing to the growth of the global automotive display system market.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Aptiv Plc
- AU Optronics Corp.
- Continental AG
- DENSO Corp.
- LG Electronics Inc.
- Panasonic Corp.
- Robert Bosch GmbH
- Valeo SA
- Visteon Corp.
- Yazaki Corp.
Market Segmentation by Category and Types:
The Automotive Display System Market can be broadly categorized into the following:
Key Regions for the Automotive Display System Market:
Featuring a breakdown of region wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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