The global automotive smart display market size is expected to grow from $7.81 billion in 2021 to $8.81 billion in 2022 at a compound annual growth rate (CAGR) of 12.8%. The global automotive smart displays market size is expected to reach $12.71 billion in 2026 at a CAGR of 9.6%.
What is the Global Automotive Smart Display Market?
The automotive smart display market consists of sales of automotive smart display services by entities (organizations, sole traders, and partnerships) that are used to improve the safety and security of the residents in the vehicle. The automotive smart display monitor 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.
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What drives the Global Automotive Smart Display Market?
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 vehicles are self-driving vehicles that can accelerate, decelerate and stop without human intervention. A smart display is used in semi-autonomous and autonomous vehicles for the detection of 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 has raised a total of $5.5 billion in funding for autonomous vehicles. Also, in 2020, Tesla, a US-based automotive and clean energy company has raised a total of $20.2 billion in funding. Therefore, the increasing demand for semi-autonomous and autonomous vehicles drives the automotive smart display market.
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Global Automotive Smart Display Market Segments
The global automotive smart display market is segmented:
By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
By Display Technology: LCD, TFT-LCD, OLED
By Autonomous Driving: Semi-Autonomous, Autonomous
By Application: Digital Instrument Cluster, Center Stack, Head-Up Display (HUD), Rear Seat Entertainment, Others
By Geography: The regions covered in the automotive smart display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Automotive Smart Display Global Market Report 2022provides market size and growth forecasts for the global automotive smart display market, global automotive smart display market share, automotive smart display market segments and geographies, automotive smart display market competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive smart display market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Automotive Smart Display Industry Playersinclude Robert Bosch GmbH, Continental AG, DENSO Corporation, Visteon Corporation, Nippon Seiki, Panasonic, Pioneer, Yazaki, Alps Alpine Co. Ltd., Hyundai Mobis, LG Display Co. Ltd, Valeo SA, Magna International Inc, Delphi Automotive PLC, AU Optronics, Japan Display Inc., Kyocera Display, Gentex Corporation, and Garmin Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
