Display Unit in Vehicle Infotainment Market: Current Analysis and Forecast (2023-2030)

Report Description

Display Unit In Vehicle Infotainment Market Size & Forecast

The Display Unit in Vehicle Infotainment Market was valued at 2.3 billion in 2022 and is expected to grow at a steady rate of around 8.79 % in the forecasted period (2023-2030).

Display Unit In Vehicle Infotainment Market Analysis

With the increased adoption of automotive electronics and advanced driver assistance systems (ADAS), there is a growing demand for high-quality display units that offer intuitive interfaces and customizable settings. This has led to the development of more sophisticated and feature-rich display systems, which in turn is driving the growth of the market. Additionally, Consumers are increasingly seeking connectivity features in their vehicles, including access to mobile apps, social media platforms, and other online services. As a result, manufacturers are investing heavily in developing new infotainment systems that allow for seamless integration with smartphones and other devices. Furthermore, Advances in display technology have made it possible to create larger, higher resolution displays that can be integrated into a variety of applications. This has enabled manufacturers to develop more advanced infotainment systems that offer enhanced functionality and a more immersive user experience. Finally, the rise of electric vehicles is also contributing to the growth of the display unit in the vehicle infotainment market. Electric vehicles typically come equipped with more advanced infotainment systems than traditional gasoline-powered vehicles, creating a need for high-quality display units that can support these systems. These global drivers are expected to continue to shape the future of the display unit in the vehicle infotainment market over the coming years.

Some of the major players operating in the market are LG DISPLAY CO., LTD, SAMSUNG DISPLAY, BOE Technology Group Co., Ltd., AUO Corporation, Innolux Corporation, Japan Display Inc, Harman International, Continental AG, Robert Bosch GmbH, and ALPINE ELECTRONICS, Inc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Display Unit In Vehicle Infotainment Market Trends      

“Amongst size, the 7-10 inches segment held significant share in the market in 2022.”

Based on size, the market is segmented into below 7 inches, 7-10 inches, and above 10 inches. Amongst these, the above 7-10 inches segment of the display unit in vehicle infotainment market has a significant growth because this size range provides the optimal balance between screen real estate and ease of use. It is large enough to display a variety of information and control functions, but not so large that it becomes cumbersome or distracting for the driver. Furthermore, this size range is versatile and can be installed in various locations within the vehicle, including the front row, rear row, and center console. Finally, many consumers prefer mid-size vehicles such as sedans and crossovers, which tend to have more space for larger displays without being too intrusive.

“Amongst sales, the OEM segment held a significant share in the market. ’’ 

Based on sales, the market is segmented into OEM and aftermarket. Amongst these, the OEM segment has significant share in the display unit in vehicle infotainment market due to automotive manufacturers investing heavily in developing advanced infotainment systems that provide an immersive experience to customers. As a result, they rely on suppliers to provide high-quality display units that can support their technology platforms. Additionally, the OEM segment offers long-term partnerships with suppliers, providing them with the opportunity to develop customized solutions that meet specific vehicle requirements. This leads to greater product differentiation and brand loyalty among consumers.

“Asia Pacific held a significant growth in the display unit in vehicle infotainment market in 2022.”

Asia Pacific held a significant growth in the display unit in the vehicle infotainment market in 2022 due to there is a growing middle class in the region that is seeking higher levels of luxury and convenience in their vehicles. This has increased the demand for advanced infotainment systems, including larger and more sophisticated display units. Furthermore, there is a large population of young and tech-savvy consumers in the region who are accustomed to using smartphones and other connected devices on a daily basis. This has created a demand for more seamless integration between the car and other digital devices, leading to the adoption of advanced infotainment systems.  Additionally, the Asia Pacific region has a large number of emerging markets that are experiencing rapid urbanization and industrialization. This has led to an increase in the number of vehicles being sold in these markets, creating a need for more advanced infotainment systems to meet customer demands. Finally, there is a growing trend towards electric and autonomous vehicles in the region, which requires advanced infotainment systems to support these features. All these factors make the Asia Pacific region an attractive market for display unit suppliers, driving the growth of this segment’s share in the overall vehicle infotainment market.

Display Unit in Vehicle Infotainment Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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The global display unit in vehicle infotainment market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Display Unit in Vehicle Infotainment Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global display unit in vehicle infotainment market were the three major steps undertaken to create and analyze the adoption of display unit in vehicle infotainment in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global display unit in vehicle infotainment market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the display unit in vehicle infotainment market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the display unit in vehicle infotainment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report like size, display technology, size, location, features, and sales. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the display unit in the vehicle infotainment market. Further, we conducted factor analysis using dependent and independent variables such as increasing vehicle productions. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the display unit in vehicle infotainment market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global display unit in vehicle infotainment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the display unit in vehicle infotainment market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global display unit in vehicle infotainment market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global display unit in vehicle infotainment market. data was split into several segments & sub-segments after studying various parameters and trends in the areas of vehicle type and technology in the global display unit in vehicle infotainment market.

The main objective of the Global Display Unit in Vehicle Infotainment Market Study

The current & future market trends of the global display unit in vehicle infotainment market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the display unit in vehicle infotainment market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the as display technology, size, location, feature, and sales.
• Define and analyze the regulatory framework for the display unit in vehicle infotainment
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the display unit in vehicle infotainment market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the display unit in vehicle infotainment market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry.

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