Automotive display market worth $9.8 billion by 2022, study says: Page 2 of 2

July 19, 2017 //By Christoph Hammerschmidt
Automotive display market worth $9.8 billion by 2022, study says
GPS, center stacks, main display – an increasing number of displays are installed in cars. Reseach company MarketsandMarkets has scrutinized the status and future prospects of this market segment. Result: Extraordinary growth perspectives ahead, with an average annual growth of 12,8 percent through 2022. By that date, the market is expected to reach a volume of $9,8 billion.

The 6"-10" smart display size for automotive applications is projected to grow at a high CAGR during the forecast period. The market growth of this display size can be attributed to increasing in-vehicle display applications in light duty vehicles. Vehicles with display application of 6"-10" are equipped with advanced center stack touchscreen displays that integrate multimedia and navigation functions in one application. Increasing enhancement of advanced instrument cluster has increased the market for over 7-inch display size of the advanced instrument cluster display. Rapid progress in electric and autonomous vehicles will also drive the demand for 6"-10" displays for automotive applications.

Asia-Oceania comprises countries such as China and India, which are major automotive hubs in terms of vehicle production as well as sales. The demand for smart displays in automotive is directly linked to the vehicle production and consumer demand in this region. The region also comprises Japan, a technologically advanced market with a growing consumer demand for advanced automotive electronics in the cockpit and passenger entertainment. The region is also home to key automotive display panel manufacturers such as LG Display (South Korea), Japan Display Inc. (Japan), and Kyocera Corporation (Japan) among others. Hence, with the shift of automobile manufacturing plants to developing countries, the companies involved in manufacturing automotive display applications and their components have started focusing on these markets.

The Smart Display market for automotive applications is dominated by a few global display suppliers and comprises several regional players. Some of the key display suppliers operating in the market are Kyocera Corporation (Japan), LG Display Inc. (Korea), Japan Display Inc. (Japan), AU Optronics (Taiwan), and Nippon Seiki Co, Ltd. (Japan).

More information can be found in the report entitled “Smart Display Market for Automotive by Application, Display Size (3"-5", 6"-10", & >10"), Display Technology (LCD, TFT-LCD, & Other Advanced Technologies), Level of Autonomous Driving (Conventional & Semi-autonomous), Vehicle Type, and Region - Global Forecast to 2022"


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