Overview and Scope
The automotive smart display refers to a touch screen system that is used in vehicles to deliver hands-free access to multimedia management, driver safety features, navigation, and real-time automotive diagnostics such as battery temperature, fuel power, tire force, and engine heat indications. The automotive smart display is used to improve the safety and security of the residents in the vehicle.
Sizing and Forecast
The automotive smart display market size has grown rapidly in recent years. It will grow from $9.84 billion in 2023 to $10.85 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to increased consumer demand for advanced infotainment systems, growth in the automotive industry with a focus on in-car connectivity, adoption of advanced driver assistance systems (adas), stringent safety regulations driving the integration of smart displays, growing demand for enhanced safety, comfort, and convenience in automobiles.
The automotive smart display market size is expected to see rapid growth in the next few years. It will grow to $15.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to rapid adoption of oled panels, rising production of passenger cars and commercial vehicles, growth of the high-end and luxury car segments, expansion of the connected car ecosystem, surge in demand for electric and autonomous vehicles . Major trends in the forecast period include development of larger and more immersive display screens, integration of voice recognition and gesture control for hands-free operation, customization of display interfaces for a personalized driving experience, collaboration between automakers and tech companies, advancements in automotive electronic modules and electronic control units.
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Segmentation & Regional Insights
The automotive smart display market covered in this report is segmented –
1) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
2) By Display Technology: LCD, TFT-LCD, OLED
3) By Autonomous Driving: Semi-Autonomous, Autonomous
4) By Application: Digital Instrument Cluster, Center Stack, Head-up Display (HUD), Rear Seat Entertainment, Other Applications
Asia-Pacific was the largest region in the automotive smart display market in 2023. The regions covered in the automotive smart display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for semi-autonomous and autonomous vehicles is expected to propel the growth of the automotive smart display market going forward. Semi-autonomous and autonomous self-driving vehicles can accelerate, decelerate and stop without human intervention. A smart display is used in semi-autonomous and autonomous vehicles to detect vehicles. These smart displays will show the vehicles and objects behind the vehicles, which will be useful when reversing. For instance, in 2021, according to Crunchbase, a US-based prospecting platform for dealmakers, Waymo LLC, a US-based autonomous driving technology development company, raised a total of $5.5 billion in funding for autonomous vehicles. Also, in 2020, Tesla, a US-based automotive and clean energy company, raised a total of $20.2 billion in funding. Therefore, the increasing demand for semi-autonomous and autonomous vehicles drives the growth of the automotive smart display market.
Key Industry Players
Major companies operating in the automotive smart display market report are Robert Bosch GmbH, Continental AG, DENSO Corporation, Visteon Corporation, Nippon Seiki Co Ltd., Panasonic Corporation, Pioneer Corporation, Yazaki Corporation, Alps Alpine Co Ltd., Hyundai Mobis Co Ltd., LG Display Co Ltd., Valeo SA, Magna International Inc., Delphi Technologies PLC, AU Optronics Corp., Japan Display Inc., Kyocera Display Corporation, Gentex Corporation, Garmin Ltd., HARMAN International, Delphi Technologies, WKW Automotive GmbH, Fujitsu Ten Limited, Clarion Co Ltd., Aisin Seiki Co Ltd., Hella KGaA Hueck & Co, Huizhou Desay SV Automotive Co Ltd., Ichikoh Industries Ltd., Marelli Holdings SpA, ZF Friedrichshafen AG
The automotive smart display market report table of contents includes:
1. Executive Summary
2. Automotive Smart Display Market Characteristics
3. Automotive Smart Display Market Trends And Strategies
4. Automotive Smart Display Market – Macro Economic Scenario
5. Global Automotive Smart Display Market Size and Growth
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31. Global Automotive Smart Display Market Competitive Benchmarking
32. Global Automotive Smart Display Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Smart Display Market
34. Automotive Smart Display Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Robert Bosch GmbH
Continental AG
Visteon Corporation,
Nippon Seiki Co Ltd
Panasonic Corporation
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