Automotive LCD Display Market by Type (Character LCD, Segment LCD, Thin-Film Transistor LCD), Size (Over 7 Inch, Upto 7 Inch), Vehicle Type - Global Forecast 2024-2030

Automotive LCD Display Market by Type (Character LCD, Segment LCD, Thin-Film Transistor LCD), Size (Over 7 Inch, Upto 7 Inch), Vehicle Type - Global Forecast 2024-2030

The Automotive LCD Display Market size was estimated at USD 8.49 billion in 2023 and expected to reach USD 8.99 billion in 2024, at a CAGR 6.64% to reach USD 13.33 billion by 2030.

An automotive LCD (liquid crystal display) refers to flat-panel displays or other electronically modulated optical devices that leverage the light-modulating properties of liquid crystals combined with polarizers. These displays are used in vehicles for various purposes, including instrument panels, navigation systems, and entertainment displays. The increasing demand for these displays can be attributed to the rising consumer preference for enhanced user experiences, greater emphasis on safety features, and the burgeoning integration of advanced vehicle technologies. Automotive manufacturers are also incorporating LCD displays to offer better aesthetic appeal, increased functionality, and higher-resolution visuals, all of which contribute to the overall value proposition of their vehicles. However, the high manufacturing costs and complexities associated with integrating advanced technology in-vehicle systems pose significant hurdles for manufacturers. Despite these issues, ongoing trend towards autonomous vehicles and the increasing adoption of electric vehicles (EVs) are expected to drive further innovation and demand for sophisticated display technologies. Furthermore, advancements in materials and manufacturing processes could lead to cost reductions, making these displays more accessible across all vehicle segments.

Regional Insights

In the Americas, the automotive LCD display market is experiencing steady growth, and the automotive industry is widespread. Advances in automotive technology and a push towards more digital and connected vehicles have contributed to an increased demand for high-quality LCD displays in cars. Europe, with its robust automotive industry and high demand for luxury vehicles, exhibits a significant demand for advanced automotive LCD displays. These displays are sought after for their role in enhancing the user interface and experience in high-end vehicles. The Middle East, with its wealth-driven luxury vehicle market, also contributes to demand. Asia-Pacific is witnessing rapid growth in the automotive LCD display market, with strong domestic automotive industries and a high rate of technological adoption. The rise in vehicle production, combined with the increasing incorporation of digital interfaces in vehicles, fuels the demand for LCD displays in this region. The APAC region's growth is also facilitated by the presence of several major manufacturers of LCD displays and components, which helps reduce costs and increase accessibility.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive LCD Display Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Rising adoption of passenger and commercial cars
• Increased demand for advanced vehicle infotainment systems

Market Restraints

• High costs associated with developing automotive LCDs

Market Opportunities

• Integration of advanced technology into automotive LCDs
• Growing adoption of automated and electric vehicles

Market Challenges

• Data Privacy and security issues associated with automotive LCD system

Market Segmentation Analysis

• Type: Growing adoption of thin-film transistor LCDs for high resolution
• Vehicle Type: Significant benefits of LCD displays in commercial vehicles, offering passenger comfort

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive LCD Display Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive LCD Display Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

LG Display Unveils Innovation in Automotive Display Technology at CES 2024

LG Display has announced a new achievement in the automotive industry by introducing its largest automotive display at CES 2024. This cutting-edge, 57-inch Pillar-to-Pillar (P2P) LCD display, measures a staggering and is designed to revolutionize the in-car experience, merging state-of-the-art technology with user-centric design principles. Aimed at enhancing future mobility, the display integrates seamlessly into vehicle interiors, offering unparalleled clarity and ease of use.

Himax Technologies Revolutionizes Automotive Displays with Comprehensive New Range

Himax Technologies has launched of the most extensive and advanced collection of LCD display solutions. These innovative offerings are designed to enhance the visual experience of automotive displays, integrating cutting-edge technology to meet the evolving demands of both manufacturers and consumers. With a focus on superior quality, reliability, and versatility, Himax's new product range is tailored to accommodate the diverse requirements of the automotive sector, including applications in dashboards, infotainment systems, and rear-seat entertainment.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive LCD Display Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive LCD Display Market, highlighting leading vendors and their innovative profiles. These include Continental AG, DENSO Corporation, Eagle Tech, Gentex Corporation, Goldenvision Shenzhen Display Co.,Limited, HUDWAY, LLC, Hyundai Mobis Co., Ltd., Innolux Corporation, Japan Display Inc., KYOCERA Corporation, LG Electronics Inc., Marelli Holdings Co., Ltd., Nippon Seiki Co., Ltd., Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Sharp Corporation, Shenzhen CDTech Electronics LTD., Valeo S.A., Visteon Corporation, Xenarc Technologies Corp., and YAZAKI Corporation.

Market Segmentation & Coverage

This research report categorizes the Automotive LCD Display Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Character LCD
• Segment LCD
• Thin-Film Transistor LCD
• Size
• Over 7 Inch
• Upto 7 Inch
• Vehicle Type
• Commercial Vehicles
• Heavy Commercial Vehicle
• Light Commercial Vehicle
• Passenger Vehicles

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year