Bizizz Market Research has recently published a research report, “Automotive Display Unit Market by Vehicle Type (Passenger Cars, Commercial Cars), Technology Type (LCD, OLED), Product Type (Centre Stack Display, Instrument Cluster Display, Heads-up Display, Others), and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2025.”
As per the report, Global Automotive Display Unit Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 356 Mn by 2025, witnessing a CAGR of 10.2 % during the forecast period. Key drivers of the market is an increasing global passenger car demand. However, high cost of head-up displays may hinder the growth of the market during the forecast period.
Increasing global passenger car demand is the key driver for this development. The sales volume of passenger cars increased between 50 million units to 71 million units per year from 2009 to 2017. The demand for comfort as well as safety systems has also increased with increased disposable income, contributing to the growth of the industry. Recent advances in technology such as ADAS, Augmented Reality, and Artificial Intelligence have stimulated market research and development. Manufacturers are actively focusing on product innovations and differentiation to attain a competitive advantage.
The Automotive Display Unit market is anticipated to register a CAGR of over 10.2 % during the forecast period.
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By Technology Type, OLED Panels Segment held a Prominent Share in Global Automotive Display Unit Market in 2018.
Currently, most of the panels used in display systems are TFT LCD, while OLED panels are expected to be used more prominently in automobiles soon. Kudos to the use of organic materials and thin plastic substrates, OLED panels provide flexibility in design, including transparent displays. Samsung and LG are the major companies concentrating on OLED panels for automotive displays.
By Vehicle Type, Passenger Car Segment of Global Automotive Display Unit Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period
Increased sales of passenger cars, demand for connected vehicles, and higher disposable incomes (where investment is being made in additional comfort and safety features), and the automotive display market has seen rapid growth, particularly in Asian economies. Due to the presence of many luxury car manufacturers such as Audi, BMW, Mercedes-Benz, Porsche, and Jaguar Land Rover, Europe is projected to be another important automotive area. Most of these luxury car brands offer multimedia systems and rear-seat entertainment systems as standard in most of their flagship offerings.
Asia Pacificis anticipated to dominate the Global Automotive Display Unit Market during the Forecast Period
For the automotive display market, Asia Pacific has the largest share of revenue and it holds a maximum share of xx% during the forecast period. Because of the low cost of production and the availability of skilled labor, manufacturers are expanding their manufacturing plants in Asian countries. Large markets, including India and China, have seen an increase in the overall sales of passenger cars as well as in the sales of luxury cars such as Mercedes-Benz and Audi, increasing the growth of the industry. The presence of telecommunications industries such as Huawei, China Telecom and Bharti Airtel will also have an impact on Asia’s overall market with demand for connected cars, IoT and other technological advances in-vehicle displays.
Global Automotive Display Unit market was moderately consolidated with key players accounting for significant share in 2018.
Prominent players operating in the Global Automotive Display Unit Market are: Continental AG, Denso, Robert Bosch, Visteon, and Panasonic Automotive, Japan Display, LG, Harman International, and Sun Innovations
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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