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Automotive LCD Display Market By Display Size, By Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 178 Pages
  • November 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725191
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. Automotive liquid-crystal display is defined as a flat-panel display or other electronically modulated optical device which uses the light-modulating properties of liquid crystals combined with polarizers. These automotive LCD displays are majorly incorporated in devices such as instrument clusters, head-ups and e-mirrors. For the purpose of analysis, the global automotive LCD display market scope covers segmentation based on display size, vehicle type and region. The report outlines the details about different display size such as upto7 inch and more than 7 inch. In addition, the major vehicle type covered in the study include passenger cars, heavy commercial vehicle, and light commercial vehicle. Moreover, it analyzes the current market trends of automotive LCD display market across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.

The key factor that drives the growth of the automotive LCD display market include upsurge in adoption of automotive LCD displays in touch screen devices. Rise in need for AR/VR devices and commercialization of autonomous vehicles is expected to create lucrative growth opportunities for the automotive LCD display market in the near future. However, restricted view angle of LCD displays restricts the market growth up to a certain level. The global automotive LCD display market is segmented on the basis of display size, the market is classified into upto 7 inch and more than7 inch. Based on vehicle type, it is categorized into passenger car, light commercial vehicle, and heavy commercial vehicle. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the market include Continental AG, LG Display Corporation, Denso Corporation, Socionext, Yazaki, Japan Display Inc., Visteon Corporation, Samsung, Panasonic Corporation, Robert Bosch, and Sharp Corporation. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive lcd display market analysis from 2021 to 2031 to identify the prevailing automotive lcd display market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the automotive lcd display market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global automotive lcd display market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Display Size

  • Upto 7 inch
  • More than 7 inch

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • LG Display Co Ltd
  • Denso Corporation
  • Socionext us
  • Yazaki Corp
  • JAPAN DISPLAY INC
  • Visteon Corporation
  • Samsung Electronics Co Ltd
  • Panasonic Corporation
  • Robert Bosch
  • Sharp Corporation
  • Continental AG

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: AUTOMOTIVE LCD DISPLAY MARKET, BY DISPLAY SIZE
4.1 Overview
4.1.1 Market size and forecast
4.2 Upto 7 inch
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 More than 7 inch
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: AUTOMOTIVE LCD DISPLAY MARKET, BY VEHICLE TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Passenger Car
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Light Commercial Vehicle
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Heavy Commercial Vehicle
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country

CHAPTER 6: AUTOMOTIVE LCD DISPLAY MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Display Size
6.2.3 North America Market size and forecast, by Vehicle Type
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Display Size
6.2.4.1.3 Market size and forecast, by Vehicle Type
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Display Size
6.2.4.2.3 Market size and forecast, by Vehicle Type
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Display Size
6.2.4.3.3 Market size and forecast, by Vehicle Type
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Display Size
6.3.3 Europe Market size and forecast, by Vehicle Type
6.3.4 Europe Market size and forecast, by country
6.3.4.1 UK
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Display Size
6.3.4.1.3 Market size and forecast, by Vehicle Type
6.3.4.2 Germany
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Display Size
6.3.4.2.3 Market size and forecast, by Vehicle Type
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Display Size
6.3.4.3.3 Market size and forecast, by Vehicle Type
6.3.4.4 Rest of Europe
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Display Size
6.3.4.4.3 Market size and forecast, by Vehicle Type
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Display Size
6.4.3 Asia-Pacific Market size and forecast, by Vehicle Type
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Display Size
6.4.4.1.3 Market size and forecast, by Vehicle Type
6.4.4.2 Japan
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Display Size
6.4.4.2.3 Market size and forecast, by Vehicle Type
6.4.4.3 India
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Display Size
6.4.4.3.3 Market size and forecast, by Vehicle Type
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Display Size
6.4.4.4.3 Market size and forecast, by Vehicle Type
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Display Size
6.4.4.5.3 Market size and forecast, by Vehicle Type
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Display Size
6.5.3 LAMEA Market size and forecast, by Vehicle Type
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Display Size
6.5.4.1.3 Market size and forecast, by Vehicle Type
6.5.4.2 Middle East
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Display Size
6.5.4.2.3 Market size and forecast, by Vehicle Type
6.5.4.3 Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Display Size
6.5.4.3.3 Market size and forecast, by Vehicle Type

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 LG Display Co Ltd
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 DENSO CORPORATION
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Socionext us
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Yazaki Corp
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 JAPAN DISPLAY INC
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Visteon Corporation
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Samsung Electronics Co Ltd
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Panasonic Corporation
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Robert Bosch
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Sharp Corporation
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 Continental AG
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Automotive LCD Display Market,' the automotive lcd display market 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.

The Automotive LCD Display Market is likely to experience a significant growth rate of 5.56% from 2022-2031 owing to increasing market demand from automotive sector.

Automotive liquid-crystal display is defined as a flat-panel display or other electronically modulated optical device which uses the light-modulating properties of liquid crystals combined with polarizers. These automotive LCD displays are majorly incorporated in devices such as instrument clusters, head-ups and e-mirrors.

Key factors driving the growth of the automotive LCD display market include increasing production of electronic devices such as aircraft cockpit displays, computer monitors, LCD televisions, indoor and outdoor signage and instrument panels is responsible for the increasing demand for the LCD display module. Manufacturers of the LCD display modules are focusing on developing innovative products to attract more customers to increase the revenue generation by sales of displays. Increasing demand for lightweight materials used in the manufacturing of aircraft parts to decrease operating weight and increase take-off capacity of the aircraft and growing popularity of composite material in part fabrication are further driving the aircraft cockpit market at a significant pace.

The market also offers growth opportunities to the key players in the market. Growing government interest in accelerating the development of airport infrastructure in significant developing and developed countries is a lucrative opportunity for cockpit manufacturers and suppliers. There are numerous new airport infrastructure projects underway in Europe, APAC, and the U.S. due to aggressive government initiatives. Thus, these factors are expected to gain high traction, thereby providing growth opportunities for the automotive LCD displays in the coming years.

The automotive LCD display market is segmented into display size, vehicle type, and region. On the basis of display size, the market is classified into upto 7 inch and more than7 inch. On the basis of vehicle type, it is categorized into passenger car, light commercial vehicle, and heavy commercial vehicle. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study include Continental AG, LG Display Corporation, Denso Corporation, Socionext, Yazaki, Japan Display Inc., Visteon Corporation, Samsung, Panasonic Corporation, Robert Bosch, and Sharp Corporation. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market. For instance, in January 2020, Visteon Corporation developed its breakthrough micro-Zone display technology that offers significantly higher graphics performance than traditional LCD displays.

Key Market Insights

By display size, the upto 7 inch segment was the highest revenue contributor to the market, and is estimated to reach $314.8 million by 2031, with a CAGR of 5.8%. However, the ceramic growlers segment is estimated to be the fastest growing segment with the CAGR of 6.9% during the forecast period.

The passenger car segment generated the largest share in 2021. However, the light commercial vehicle segment is expected to be the fastest growing segment during the forecast period.

Based on region, Asia Pacific was the highest revenue contributor, accounting for largest share in 2021, and is estimated to reach $4,752.2 million by 2031, with a CAGR of 6.22%.

Companies Mentioned

  • Lg Display Co Ltd.
  • Denso Corporation
  • Socionext US
  • Yazaki Corp
  • Japan Display Inc.
  • Visteon Corporation
  • Samsung Electronics Co Ltd.
  • Panasonic Corporation
  • Robert Bosch
  • Sharp Corporation
  • Continental AG

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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