The global automotive smart display market size was estimated at USD 12.7 billion in 2021 and is expected to hit around USD 19.5 billion by 2030 with a CAGR of 4.88% during the forecast period 2022 to 2030.
Autonomous vehicles and semi-autonomous vehicles are high in demand due to segments involved for rising of the market. Automotive smart display devices includes mainly power full battery source, LCD display screen with the size of 3 inch to 15 inch device developed by Microsoft in 2002, wireless connections with the device. LCD screen smart devices are mostly used for internet surfing or to perform other work. Increased demand from the market have thrived the market growth. Due to the increased prices of the LCD and smart devices developed can affect the growth of the automotive smart display market.
Impact of the covid -19 on the automotive smart display market affected widely decreased sale of the vehicles due to the shutdown of the nation, ceased transportation decreased manufacturing and production led the market to decline the growth. Automobile industry investing fund for developing the smart display market faced the dilemma due to decline of the market. Increasing demand engine information over the display by monitoring the engine. More convenient to display the information the navigation, media, alertness created during driving and many more expanded the market to grow high.
The major growth factors are due to increase in demand from the consumers for the smart display in vehicles with developed advanced features involved in the vehicle. Connecting the mobiles with display screen and displaying information over the screen. Involved systems with the smart display are Android, Apple, car play, Spotify may increase the market of display in the vehicles.
Systems connected with the display make it convenient for road map by displaying navigation on smart display, alertness created during parking of the vehicle by displaying information or image over the screen may reduce the accidents taking place. To operate in ease functions such as music play, calling system can easily manage over the smart displays without getting disturbed and the vehicle Standardized systems should be developed in the vehicles with developed features of the smart technology. Increased research and development based on the automotive smart display market to enhance the market growth.
The automobile industry developing newly advanced technologies and facilitating information on the display for easy access, convenience and luxurious look of the vehicle boost the market growth. Automated vehicles less human control and more robotic developments inculcated in the vehicles. Autonomous vehicles involves car can drive itself without any driver by keeping the car on a lane, controlling speed and breaking system. Developed high technological features with luxury have increased the market revenue share to improve the market growth.
Report Scope of the Automotive Smart Display Market
|Market Size in 2022||
USD 13.32 Billion
|Market Size by 2030||
USD 19.5 Billion
|Growth Rate from 2022 to 2030||CAGR of 4.88%|
|Forecast Period||2022 to 2030|
|Segments Covered||Application, Display Size, Display Technology, Autonomous Driving, Electric Vehicle, Vehicle Class, Vehicle Type, End User, and Geography|
|Companies Mentioned||Panasonic, Alpine Electronics, Nipppon Seiki Co.Ltd, Denso Corporation, LG Display Co.Ltd., Magna International Inc., Yazaki Corporation, AU Optronics Corporation, Continental AG, Valeo SA, Robert Bosch GmbH, Delphi Automotive PLC, Japan Dispaly Inc|
Key Market Drivers
Key Market Challenges
Key Market Opportunities
On the basis of product, the automotive smart display market maximizes the growth of the market due to increased demand from the consumers for smart display with large panels in the vehicles and information transmitted over the display involves multimedia, navigation, call management, gaming AND many more applications can be accessed by connecting smart phones with the vehicles. 5G and 4G LTE wireless connectivity developed enables for easy usage of applications over the smart display. Enhancement of the cloud and wireless connectivity emerges for the market to develop more. The new research and development taking place with new features and increased demand for the luxurious and premium vehicles fueled the market.
On the basis of type, the automotive smart display is basically divided by application includes rear seat entertainment, head up display, center stack, digital instrument cluster. Based on display size <5", 5"- 10”, >10". Based on display technology LCD, TFT-LCD, OLED and others. Based on autonomous driving semi- autonomous, autonomous. Based on electric vehicle BEV, FCEV, HEV, and PHEV. Based on vehicle class economy, mid- segment, luxury. Based on Vehicle type passenger car, light commercial vehicle, heavy commercial vehicle are the types included in the automotive smart display mart which have maximized the growth due to new technologies raised in the market in luxurious and premium vehicles connectivity with high speed internet.
On the basis of application, the automotive smart display is basically utilized in rear seat entertainment, head up display, center stack, digital instrument cluster. 3"-5" smart display are used in the rear entertainment, center stack displays, small view mirrors, digital instrument clusters and used in mid passengers. 6-10" advanced smart displays are function able on single touch screen for applications digital instrument cluster, rear seat entertainment, center stack.
More than 10" smart display screen are utilized in autonomous and semi-autonomous which is increasing the market growth with enhance usage of the smart displays larger than 10" in the luxury and premium vehicles. Demand ride for the smart display in vehicles which helped to boost the market growth.
End User Insights
On the basis of end user, the automotive smart display is basically divide based on usage such as distinguished in to commercial vehicles and passenger vehicles. Expansion of the market in increasing the smart displays in the passenger vehicles and expanding the automobile smart display market worldwide with various new technologies developed.
Automotive Smart Display Market Share, By Region, 2021 (%)
|Regions||Revenue Share in 2021 (%)|
On the basis of geographical regions, the automotive smart display market has raised enormously in different regions with developed technologies worldwide. Asia Pacific region to be the leading region in the automotive smart display market with rising population and increasing demand of the electric vehicles worldwide. North America and Europe also to gain the highest position in the automotive display market with enhanced features and developments improved the regions.
Key market players
Segments covered in the report
By Display Size
By Display Technology
By Autonomous Driving
By Electric Vehicle
By Vehicle Class
By Vehicle Type
By End User
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