Global Automotive Smart Display Market Growth Drivers 2024, Forecast To 2033
15 Feb, 2024
The automotive smart display market has experienced rapid growth, increasing from $9.84 billion in 2023 to $10.85 billion in 2024 at a 10.2% CAGR. This growth is attributed to heightened consumer demand for advanced infotainment systems, overall growth in the automotive industry emphasizing in-car connectivity, adoption of Advanced Driver Assistance Systems (ADAS), stringent safety regulations driving smart display integration, and increased demand for enhanced safety, comfort, and convenience in automobiles. Forecasts suggest continued rapid growth, with the market anticipated to reach $15.98 billion in 2028, showcasing a 10.2% CAGR. Growth drivers include the rapid adoption of OLED panels, increased production of both passenger and commercial vehicles, expansion of the high-end and luxury car segments, the connected car ecosystem's growth, and a surge in demand for electric and autonomous vehicles.
Global Automotive Smart Display Market Key Driver
The automotive smart display market is set to flourish with the increasing demand for semi-autonomous and autonomous vehicles. Notable funding boosts, such as Waymo's $5.5 billion and Tesla's $20.2 billion, signify the strong market support. The surge in semi-autonomous and autonomous vehicle demand fuels the adoption of smart displays, driving market growth.
Get A Free Sample Of The Global Automotive Smart Display Market ReportGlobal Automotive Smart Display Market Segments
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
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
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
Major Automotive Smart Display Industry Players
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
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Automotive Smart Display Market Overview
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.
Automotive Smart Display Global Market Report 2023 provides data on the global automotive smart display market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive smart display market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.