0

Automotive LCD Display Market Expected to Reach $12.2 Billion by 2031—Allied Market Research

 
2022
Automotive LCD Display Market

Report Code : A31593

quote The global automotive LCD display market was valued at $7,179.3 million in 2021, and is projected to reach $12,185.2 million by 2031, registering a CAGR of 5.56% from 2022 to 2031. quote

Vaishnavi Mate-Lead Analyst
Semiconductor and Electronics at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Automotive LCD Display Market," The automotive LCD display market size was valued at $7.2 billion in 2021, and is estimated to reach $12.2 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

Automotive LCD displays plays a key role in the infotainment systems which offers an extensive range of intriguing services such as music, videos, vehicle health monitoring, and other connected services. The need for LCD display in the automotive industry is predicted to increase due to the rising demand for advanced features including navigation, multimedia systems, driving assistance, and connected car features as well as the better driver-to-vehicle communication. Furthermore, it is predicted that during the forecast period, the market would increase due to the rising need for improved safety, comfort, and convenience in vehicles, particularly in emerging and developed nations.

The market is also anticipated to benefit from the rising demand for autonomous and semi-autonomous vehicle technologies and the expansion of the high-end and luxury automobile sectors, particularly in emerging economies. Furthermore, the number of automotive LCD monitor using touch sensors have gained high traction in automotive LCD display industry. The usage of a LCD modules for automotive is required for touch-based devices, which encourages the development of display technology. Because of this, a wide variety of household appliances, including refrigerators, microwaves, washing machines, chimneys, and others, have touch-sensitive screens. Additionally, the usage of cutting-edge display technologies in cars has increased. Companies in the market are pursuing new technologies, such as the development of IoT-based devices, thereby boosting the automotive LCD display market growth.

Automotive LCD displays are key differentiators for modern vehicle interiors and the most important interface for the interaction of driver and the vehicle. Changes in consumer demands and introduction of new technologies are the key factors expanding the growth of the automotive LCD displays market. According to global automotive LCD display market analysis, the upto 7 inch segment was the highest revenue contributor to automotive LCD display market share, in 2021, owing to increase in combination of electronic systems with safety and security features and rise in use of in-vehicle smart display applications are the factors leading toward the adoption of autonomous and semiautonomous vehicles ranging between 6” and 7” inches accelerating the segment’s demand.

The outbreak of COVID-19 has significantly impacted the growth of the global automotive LCD display sector in 2020, owing to significant impact on prime players operating in the supply chain. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdown, globally.

Country wise, China holds a significant share in the global automotive LCD display market trends, owing to the presence of prime players. Major organizations and government institutions in the country are intensely putting resources into these global automotive LCD display these prime sectors has strengthened the growth of the global automotive LCD display market in the region.

KEY FINDINGS OF THE STUDY

  • In 2021, the upto 7 inch segment accounted for maximum revenue, and is projected to grow at a notable CAGR during the forecast period.
  • China contributed for the major share in the automotive LCD display market, accounting for highest revenue share in 2021.

The key players profiled in the automotive LCD display market analysis are Continental AG, LG Display Corporation, Denso Corporation, Socionext, Yazaki, Japan Display Inc., Visteon Corporation, Samsung, Panasonic Corporation, Robert Bosch, and Sharp Corporation. These players have adopted various strategies such as product launch and merger & acquisition to increase their market penetration and strengthen their position in the industry.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Automotive LCD Display Market by Display Size (Upto 7 inch, More than 7 inch), by Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Automotive LCD Display Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers