Automotive LCD Display Market Overview:
As per MRFR analysis, the Automotive LCD Display Market Size was estimated at 20.84 (USD Billion) in 2022. The Automotive LCD Display Market Industry is expected to grow from 22.72(USD Billion) in 2023 to 49.3 (USD Billion) by 2032. The Automotive LCD Display Market CAGR (growth rate) is expected to be around 8.99% during the forecast period (2024 - 2032).
Key Automotive LCD Display Market Trends Highlighted
Advanced infotainment systems, autonomous driving capabilities, and the growing popularity of electric vehicles are driving the demand for automotive LCDs. Key market drivers include increasing consumer preference for larger and higher-resolution displays, government regulations mandating safety features like rear-view cameras, and the proliferation of in-vehicle entertainment content.
Capturing opportunities for growth involves focusing on developing displays with improved visibility, touch sensitivity, and energy efficiency. The rise of 5G connectivity is expected to fuel the adoption of connected cars, leading to a surge in demand for high-resolution displays capable of handling large amounts of data.
Recent trends include the integration of augmented reality (AR) and virtual reality (VR) technologies into automotive displays to enhance the driving experience. Flexible and transparent displays are gaining traction, allowing for innovative design possibilities and improved aesthetics. The advent of curved displays offers a more immersive and ergonomic viewing experience, contributing to the growing popularity of ultra-wide displays in vehicles.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive LCD Display Market Drivers
Growing Demand for Advanced Driver Assistance Systems (ADAS)
The growing adoption of ADAS features in vehicles is a key driver of the Automotive LCD Display market. ADAS systems rely on high-resolution displays to provide drivers with critical information, such as lane departure warnings, adaptive cruise control, and blind-spot monitoring. As ADAS systems become more sophisticated and prevalent, the demand for automotive LCD displays will continue to grow. The Global Automotive LCD Display Market Industry is expected to grow from USD 22.72 billion in 2023 to USD 49.3 billion by 2032, at a CAGR of 8.99%.Rising disposable income and increasing urbanization are major factors driving the growth of the automotive industry, which in turn is boosting the demand for automotive LCD displays. The increasing adoption of electric vehicles is also contributing to the growth of the market, as electric vehicles typically require more LCD displays than traditional gasoline-powered vehicles. Additionally, the growing popularity of autonomous vehicles is expected to further drive the demand for automotive LCD displays, as these vehicles will require high-resolution displays to provide drivers with information about the vehicle's surroundings.
Increasing Popularity of Electric Vehicles
Another important driver of the Automotive LCD Display market that is anticipated to remain popular in the foreseeable future is the growing popularity of electric vehicles. Since electric vehicles require more displays than traditional cars run on gasoline in order to show the battery level, range, and charging place, this factor will keep positively influencing the market performance.
Growing Adoption of Autonomous Vehicles
Additionally, the rising adoption of autonomous vehicles is a factor that is likely to drive the demand for automotive LCD displays. These types of vehicles will require high–resolution displays containing super modern features that will display the vehicle's surroundings to the driver. In general, in the years to come, it is expected that this will help the automotive LCD displays market to have new opportunities to look for.
Automotive LCD Display Market Segment Insights:
Automotive LCD Display Market Display Size Insights
The Display Size segment plays a crucial role in shaping the Global Automotive LCD Display Market outlook. In 2024, the 'Under 8 inches' segment held a significant market share, driven by the increasing demand for compact and affordable vehicles. However, the '8-10 inches' segment is projected to witness substantial growth, capturing a larger market share by 2032. This growth can be attributed to the rising popularity of mid-sized vehicles and the integration of advanced infotainment and navigation systems. The '10-12 inches' segment is expected to maintain a steady growth trajectory, catering to the growing demand for luxury and premium vehicles.The '12-15 inches' segment is projected to witness moderate growth, primarily driven by the adoption of larger displays for enhanced user experience and safety features. The 'Over 15 inches' segment, though currently holding a smaller market share, presents significant growth potential due to the increasing demand for immersive in-vehicle entertainment and digital cockpits. Key insights and market dynamics shaping the Display Size segment include: The growing demand for larger displays with advanced features is expected to drive market growth, particularly in the '8-10 inches' and '10-12 inches' segments. The adoption of curved and flexible displays is gaining traction, offering enhanced viewing angles and improved aesthetics. Technological advancements, such as high resolution, touchscreens, and gesture control, are further enhancing the user experience and driving market demand. The integration of augmented reality (AR) and virtual reality (VR) technologies in automotive displays is expected to create new growth opportunities. Overall, the Display Size segment exhibits a competitive landscape with both established players and emerging entrants vying for market share.Strategic partnerships, technological innovation, and a focus on meeting evolving customer preferences will be crucial for success in this dynamic market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive LCD Display Market Resolution Insights
The resolution segment of the Global Automotive LCD Display Market is characterized by a growing demand for higher-resolution displays. In 2023, Full HD (1920x1080) displays accounted for the largest market share, with a revenue of USD 10.2 billion. This is due to the increasing popularity of in-vehicle infotainment systems and the growing adoption of advanced driver assistance systems (ADAS). The demand for 2K (2560x1440) and 4K (3840x2160) displays is also expected to grow in the coming years, driven by the increasing availability of high-quality content and the adoption of virtual reality (VR) and augmented reality (AR) technologies in vehicles.The 8K (7680x4320) display segment is still in its early stages of development, but it is expected to gain traction in the long term as the technology matures and the demand for ultra-high-resolution displays increases.
Automotive LCD Display Market Panel Type Insights
TFT LCD currently dominates the Automotive LCD Display Market with a market share of over 60%, due to their low cost and wide availability. However, OLED displays are gaining traction rapidly, owing to their superior image quality, flexibility, and lower power consumption. The market for OLED displays in the Automotive LCD Display Market is projected to witness significant growth in the coming years, reaching a market share of over 25% by 2026. AMOLED displays, a type of OLED display that uses active-matrix technology, are also gaining popularity in the Automotive LCD Display Market due to their improved brightness, color accuracy, and response times.Mini-LED and Micro-LED displays are emerging technologies that offer even higher performance than OLED displays, but their high cost currently limits their adoption in the Automotive LCD Display Market.
Automotive LCD Display Market Application Insights
The Global Automotive LCD Display Market is segmented into various applications, including instrument cluster, center stack display, head-up display, rear seat entertainment, and autonomous driving display. Among these, the instrument cluster segment is expected to hold the largest market share in 2024, with a revenue of around USD 10.5 billion. This is attributed to the increasing demand for advanced instrument clusters with features such as high-resolution displays, touchscreens, and customizable interfaces. The center stack display segment is also expected to witness significant growth, driven by the rising popularity of infotainment systems and the integration of advanced technologies such as voice recognition and gesture control.Additionally, the growing adoption of autonomous driving systems is expected to boost the demand for head-up displays, which provide drivers with critical information while keeping their eyes on the road. The rear-seat entertainment segment is also expected to grow steadily, driven by the increasing demand for in-car entertainment options for rear-seat passengers. Overall, the Global Automotive LCD Display Market is expected to witness robust growth in the coming years, driven by the increasing adoption of advanced technologies and the growing demand for enhanced driving experiences.
Automotive LCD Display Market End-User Vehicle Type Insights
The End-User Vehicle Type segment plays a pivotal role in shaping the Global Automotive LCD Display Market landscape. Passenger Cars currently dominate the market, accounting for over 50% of the total revenue in 2023. This dominance is driven by the increasing demand for advanced infotainment systems and driver assistance features in passenger vehicles. Commercial Vehicles, including trucks and buses, are expected to witness significant growth, with a projected CAGR of over 10% during the forecast period. The rising adoption of telematics and fleet management systems in commercial vehicles is fueling this growth.Luxury Vehicles, characterized by premium features and high-end technology, are anticipated to contribute a substantial share to the market. Electric Vehicles (EVs) are gaining traction, driven by government incentives and environmental concerns, leading to increased demand for advanced display technologies in EVs. Autonomous Vehicles, still in their early stages of development, are poised to revolutionize the automotive industry and are expected to drive demand for sophisticated LCDs that support autonomous driving functionalities.
Automotive LCD Display Market Regional Insights
The Global Automotive LCD Display Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest market for automotive LCDs, accounting for over 35% of the global market revenue in 2023. The region is home to major automotive manufacturers such as General Motors, Ford, and Chrysler, which are driving the demand for advanced display technologies. Europe is the second-largest market, with a market share of over 25%. The region has a strong automotive industry, with major manufacturers such as Volkswagen, BMW, and Daimler.APAC is the fastest-growing market for automotive LCDs, with a CAGR of over 10%. The region is home to a number of emerging economies, such as China and India, which are driving the demand for new vehicles. South America and MEA are smaller markets for automotive LCDs, but they are expected to grow at a healthy pace in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive LCD Display Market Key Players And Competitive Insights:
Major players in the Automotive LCD Display Market industry are constantly innovating and developing new technologies to gain a competitive edge. Leading Automotive LCD Display Market players are focusing on developing displays with higher resolutions, wider color gamuts, and improved brightness and contrast ratios. They are also investing in research and development to create new display technologies, such as OLED and microLED displays. The Automotive LCD Display Market is highly competitive, with a number of major players vying for market share. Some of the leading players in the market include Continental AG, Denso Corporation, and LG Display. These companies are investing heavily in research and development to stay ahead of the competition and meet the growing demand for Automotive LCD Display Market products. The competitive landscape of the Automotive LCD Display Market is expected to remain fragmented over the next few years, with a number of major players continuing to compete for market share.Continental AG is a leading supplier of Automotive LCD Display Market products. The company offers a wide range of products, including instrument clusters, head-up displays, and center stack displays. Continental AG is known for its high-quality products and its strong relationships with major automakers. The company has a strong presence in the automotive market and is expected to continue to be a major player in the years to come. LG Display is a leading supplier of LCD panels for Automotive LCD Display Market products. The company offers a wide range of panels, including LCD panels for instrument clusters, head-up displays, and center stack displays. LG Display is known for its high-quality panels and its strong relationships with major automakers. The company has a strong presence in the automotive market and is expected to continue to be a major player in the years to come.Denso Corporation is a leading supplier of Automotive LCD Display Market products. The company offers a wide range of products, including instrument clusters, head-up displays, and center stack displays. Denso Corporation is known for its high-quality products and its strong relationships with major automakers. The company has a strong presence in the automotive market and is expected to continue to be a major player in the years to come.
Key Companies in the Automotive LCD Display Market Include:
- Continental AG
- Denso Corporation
- Visteon Corporation
- Panasonic Corporation
- Fujitsu Ten Limited
- Hyundai Mobis Co., Ltd.
- Sharp Corporation
- Samsung Electronics Co., Ltd
- Genivi Alliance
- LG Display Co., Ltd.
- BOE Technology Group Co. Ltd.
- Pioneer Corporation
- Robert Bosch GmbH
- Nippon Seiki Co., Ltd.
- Harman International Industries, Incorporated
Automotive LCD Display Market Industry Developments
The global Automotive LCD Display market is projected to grow significantly in the coming years, driven by increasing demand for advanced driver assistance systems (ADAS) and infotainment systems. In 2023, the market is expected to be valued at USD 22.72 billion, and it is forecast to reach USD 49.3 billion by 2032, exhibiting a CAGR of 8.99%. The market growth is attributed to the rising production of electric vehicles and the adoption of autonomous driving technologies. Moreover, increasing disposable income and urbanization in emerging economies are also contributing to the market expansion. Key players in the market include LG Display, Samsung Display, and Japan Display Inc. Recent developments include the launch of high-resolution displays with improved brightness and contrast ratios, as well as the integration of touchscreens and gesture control capabilities. Additionally, the growing adoption of virtual reality (VR) and augmented reality (AR) technologies in automotive applications is expected to drive market growth further.
Automotive LCD Display Market Segmentation Insights
- Automotive LCD DisplayMarket Display Size Outlook
- Under 8 inches
- 8-10 inches
- 10-12 inches
- 12-15 inches
- Over 15 inches
- Automotive LCD DisplayMarket Resolution Outlook
- HD (1280x720)
- Full HD (1920x1080)
- 2K (2560x1440)
- 4K (3840x2160)
- 8K (7680x4320)
- Automotive LCD DisplayMarket Panel Type Outlook
- TFT LCD
- OLED
- AMOLED
- Mini-LED
- Micro-LED
- Automotive LCD DisplayMarket Application Outlook
- Instrument Cluster
- Center Stack Display
- Head-Up Display
- Rear Seat Entertainment
- Autonomous Driving Display
- Automotive LCD DisplayMarket End-User Vehicle Type Outlook
- Passenger Cars
- Commercial Vehicles
- Luxury Vehicles
- Electric Vehicles
- Autonomous Vehicles
- Automotive LCD DisplayMarket Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
20.84(USD Billion) |
| Market Size 2023 |
22.72(USD Billion) |
| Market Size 2032 |
49.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
8.99% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Continental AG, Denso Corporation, Visteon Corporation, Panasonic Corporation, Fujitsu Ten Limited, Hyundai Mobis Co., Ltd., Sharp Corporation, Samsung Electronics Co., Ltd, Genivi Alliance, LG Display Co., Ltd., BOE Technology Group Co. Ltd., Pioneer Corporation, Robert Bosch GmbH, Nippon Seiki Co., Ltd., Harman International Industries, Incorporated |
| Segments Covered |
Display Size, Resolution, Panel Type, Application, End-User Vehicle Type, Regional |
| Key Market Opportunities |
1 Increasing demand for larger and higher-resolution displays2 Growing adoption of electric vehicles and autonomous driving systems3 Rising popularity of in-vehicle infotainment and connectivity features4 Expanding the use of advanced display technologies like OLED and microLED5 Integration of augmented reality and virtual reality in automotive displays |
| Key Market Dynamics |
Growing demand for technological advancements, electrification, autonomous driving and increased consumer preference |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global Automotive LCD Display market is expected to reach USD 49.3 billion by 2032, growing at a CAGR of 8.99% from 2024 to 2032.
Key growth drivers include increasing demand for premium vehicles, rising adoption of advanced driver assistance systems (ADAS), and growing popularity of electric vehicles.
Key competitors include LG Display, Samsung Display, Japan Display, Inc., AU Optronics, and Innolux Corporation.
Major applications include instrument clusters, head-up displays (HUDs), center stack displays, and rear-seat entertainment systems.
The global Automotive LCD Display market is projected to grow at a CAGR of 8.99% from 2024 to 2032.
Challenges include intense competition, rapid technological advancements, and fluctuations in raw material prices.
