Global Automotive Display Market: Key Research Findings 2020
Yano Research Institute (the President, Takashi Mizukoshi) carried out a survey on the automotive display market and found out the market trends by type and by part, the trend of manufacturers, price trends, and future perspectives.
The global automotive display market size in 2019, which includes the size of commercial products as well as genuine products made by automakers, declined to 161,250 thousand, 96.9% on a YoY basis, based on the shipment volume at manufacturers, because of decreased production of automobiles. The market size for 2020 was projected to rise at first, due to expectation of reactionary rise from the previous year. As automobile manufacturing factories had to stop operation in the countries mainly in Europe due to COVID-19 pandemics, the global automotive display market is forecasted to decrease to 133.67 million units, 82.9% on a YoY basis.
On the other hand, however, newly adopted automotive digital cockpit and HUDs (Head-up Displays), automotive displays for side-view mirrors, AM-OLED and Mini/Micro LED for next-generation displays are expected to continue the double-digit growth even in 2020 without being much affected by COVID-19 pandemics. Still, as of 2020, the above-mentioned markets are new, occupying only small parts of the global automotive display market. Therefore, they are yet to boost the whole market.
Advent of Automotive Digital Cockpit Market
Expanding adoption of multiple displays for automotive digital cockpits to achieve wide-size screens by using multiple 12.3-inch displays is projected to grow the automotive display market from the viewpoints of cost and production. As AM-OLED displays have expanded applications to large-screen CIDs (Center Information Displays) and instrument cluster in addition to infotainment screens, they are highly likely to be adopted also for large multiple displays in automotive digital cockpit.
The global automotive display market is likely to be on the recovery after 2021 with increasing production volume of automotive displays worldwide. However, rapid growth to compensate for the loss of 2020 cannot be expected, so that the market size to recover the scale of 2019 is projected to be after 2022.
The global automotive display market is forecasted to grow continuously after 2023, keeping the annual growth rate approximately at 5%. The global automotive display market size including the size of commercial products as well as genuine products made by automakers, is predicted to expand to 216,920 thousand units by 2028, based on the shipment volume at manufacturers.
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