Automotive Multilayer Display Global Market Report 2024

The automotive multilayer display market size has grown strongly in recent years. It will grow from $7.19 billion in 2023 to $7.68 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The expansion observed during the historical period can be attributed to several factors, including the escalating consumer demand for advanced features, governmental regulations mandating in-car safety systems, the growing emphasis on safety and connectivity requirements, and overall growth within the automotive industry.

The automotive multilayer display market size is expected to see strong growth in the next few years. It will grow to $9.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth in the forecast period can be attributed to the integration of augmented reality (AR), the prevalence of autonomous driving trends, a focus on customization and personalization, the pursuit of energy efficiency and lightweight design, and the integration of artificial intelligence (AI) and machine learning. Major trends expected in the forecast period encompass advancements in display technologies, augmented reality (AR) integration, compliance with regulatory and safety standards, challenges in the supply chain, a heightened emphasis on customization and personalization, and an increased focus on environmental sustainability.

The projected rise in demand for autonomous vehicles is set to drive the growth of the automotive multilayer display market. Autonomous vehicles, capable of independent operation, utilize automotive multilayer displays to enhance various functionalities such as sensor fusion, navigation, control, prediction, human-machine interface (HMI), fleet management, and architecture. A report by the Insurance Institute for Highway Safety in December 2022 anticipates 3.5 million autonomous vehicles on American roads by 2025, with a further increase to 4.5 million by 2030. This increasing demand for autonomous vehicles is a key factor propelling the growth of the automotive multilayer display market.

The mounting number of road accidents is expected to contribute to the growth of the automotive multilayer display market. Road accidents involving at least one road user result in unintended injury or death. Automotive multilayer displays play a role in enhancing driver awareness, potentially reducing accidents by making critical information more visible in various conditions. According to the Insurance Institute for Highway Safety in May 2023, road crashes in the United States increased from 35,935 in 2020 to 39,508 in 2021, with fatalities rising from 39,007 in 2020 to 42,939 in 2021. The surge in road accidents is thus driving the growth of the automotive multilayer display market.

The high cost of raw materials is anticipated to impede the automotive multilayer display market. The production of multilayer displays in automobiles requires specialized components such as high-quality display panels, touchscreen overlays, advanced electronics, and durable enclosures. The costs associated with sourcing these materials can significantly impact manufacturing expenses. For example, Corning Inc., a US-based technology company, reported a 20% increase in the price of raw materials such as glass substrates in May 2023. This high cost of raw materials poses a restraint to the automotive multilayer display market.

Key companies in the automotive multilayer display market are responding to market demands by developing innovative technologies such as curved displays. Curved displays, such as the automotive curved ultrawide display introduced by Continental AG, offer advanced in-car infotainment and visualization systems with large, wide, and curved screens. Continental AG's Curved Ultrawide Display, launched in January 2023, features a 47.5-inch TFT display with a 7,680 by 660-pixel active area, illuminated by over 3,000 LEDs. This technology allows automakers to create futuristic and advanced cockpit designs, offering a continuous screen surface for content display.

In August 2023, Horizon Robotics, a China-based computing solutions provider, entered into a partnership with Aptiv PLC and its subsidiary Wind River. Aptiv PLC, an Ireland-based automotive technology company, specializes in providing automotive multilayer displays. The collaboration aims to create fully integrated hardware and software solutions tailored for Chinese civil automakers, with Wind River's portfolio complementing Horizon's self-developed Journey series computing solutions.

Major companies operating in the automotive multilayer display market report are Mitsubishi Motors Corporation, Bayerische Motoren Werke AG, Robert Bosch GmbH, Audi AG, Renault SA, Continental AG, Panasonic Corporation, Hyundai Mobis, Johnson Controls, Pioneer Corporation, Skoda Auto, Nippon Seiki Co. Ltd., LG Display Co. Ltd, Aptiv PLC, KYOCERA Corporation, AU Optronics Corp., HARMAN International, Varitronix, Yazaki Corporation, Visteon Corporation, Socionext America Inc., Alpine Electronics Inc, Denso Corporation, SmartKem Ltd., PureDepth Inc.

Asia Pacific was the largest region in the automotive multilayer display market in 2023. The regions covered in the automotive multilayer display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive multilayer display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An automotive multilayer display, also recognized as a multi-layer display or multi-screen display, represents an advanced visual technology seamlessly integrated into the dashboard or cockpit area of a vehicle. Comprising multiple display screens or layers stacked within a single housing or assembly, this technology is designed to elevate the infotainment experience for both drivers and passengers, introducing depth and high-definition visuals to the interiors of automobiles.

The principal types of automotive multilayer displays include analog displays and digital displays. Analog displays utilize continuous physical quantities, such as location, voltage, or current, to convey information rather than discrete digital values. These displays find application in various vehicle types, including light commercial vehicles, heavy commercial vehicles, and passenger cars. Additionally, they serve diverse functions such as fuel indicators, speed indicators, and acceleration indicators.

The automotive multilayer display market research report is one of a series of new reports that provides automotive multilayer display market statistics, including automotive multilayer display industry global market size, regional shares, competitors with an automotive multilayer display market share, detailed automotive multilayer display market segments, market trends and opportunities, and any further data you may need to thrive in the automotive multilayer display industry. This automotive multilayer display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive multilayer display market consists of sales of smart display components, ceramic capacitors, printed circuits, and electronics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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