The global automotive smart display market size was reached at USD 12.7 billion in 2021 and is projected to surpass around USD 19.5 billion by 2030, poised to grow at a CAGR of 4.88% during the forecast period 2022 to 2030.
Automotive smart display screens with big panels are installed in luxurious vehicles and also in conventional vehicles. Increasing demands of consumers for the smart display in vehicles. Automotive smart display majorly utilizes a battery source and a display screen with sizes of <5", >5", 5 - 10", >10" are the screen available for installation in the vehicle. LCD screens are mostly utilized with wireless connections to the device for a better experience.
Autonomous vehicles and semi-autonomous vehicles are involved in development and manufacturing. Newly developed technologies helped to boost market growth. The impact of covid-19 on the automobile industry has largely affected the growth of the market. Due to the imposed lockdown, overall different regions with rules and regulations imposed such as social distancing declined market growth due to decreased demand from consumers.
Report Highlights
Automotive Smart Display Market Report Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 13.97 Billion |
| Projected Forecast Value in 2030 | USD 19.5 Billion |
| Growth Rate | 4.88% from 2022 to 2030 |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2022 To 2030 |
| Segments Covered | By Application, By Display Size, By Display Technology, By Autonomous Driving, By Electric Vehicle, By Vehicle Class, By Vehicle Type and By End User |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Regional Snapshots
According to the regional sectors, there is wide development in the automotive sector in different regions with developed technologies and features as per the market and consumers' requirements. Asia Pacific region holds the top position in the automotive smart display market with increasing demands with increased developments along with the safety measures installed.
Countries involved such as India, China, Japan, Italy, France, Germany, and many more. Other regions such as North America are the second highest region to enhance the automotive smart display market. Europe also has shown tremendous growth in rising the growth of the market.
Market Dynamics
Drivers
The advanced developed technologies in the manufacturing of automotive smart displays. Installment of the screen panels in the vehicles with the improved feature. Connection of smartphones with vehicles for access of various applications over the screen which involves gaming, navigation, call management, multimedia, and others.
Which involves wireless connections with the device's improved wireless technology including 5G and 4G LTE internet connectivity with high speed which gives better surfing over the internet and good performance over the display. Automotive smart display also contributes for reducing the accidents taking place in the region.
The automobile industry with more research and development with the increasing safety measure for autonomous vehicles. The automobile industry investing in providence for increasing manufacturing of the smart displays. Screen displays are in size range of <5", >5", 5-10", >10" utilized in rear seat entertainment, digital instrument cluster, center stack, head-up display.
Displays available are LCD, TFT LCD, and OLED installed in luxurious vehicles and premium vehicles. Involved market players are majorly contributing for the manufacturing of the product with advanced development and maximizing the market growth.
Restraints
Increased advanced technologies with the improved facilities installment of the screen display in the vehicles. Wireless connections of smartphones with vehicles increased the danger of hacking. Connection and accessing the smartphone, multimedia, and music play, increased the cyber problems in vehicles. Viruses can harm the vehicle. And mobile.
Increased connections of the vehicles with the smartphone may affect the vehicle and hacking problems. Increased features and developments in safety measurements are of utmost importance with the rising cost of the vehicle.
Opportunities
In automotive smart display, the market increased market with the increased opportunities with the wireless connection of smartphones and the device system over android, apple, spottily, and apple car play. Improved technologies such 5G and 4G developed internet connectivity and wireless connections with smart display in vehicles.
This enables access of cloud gaming, navigation, multimedia, call management, music play, and others have expanded the market growth development. Development of the safety driver assistant system with a smart display system. The automobile industry increasing research and development to increase the market growth. Installation of the driver assistant in the vehicle is not as easy as it looks.
Challenges
The Automotive smart display market is collaborating with another company and challenging task due to increased competition in a developed market. Installation of the smart display market and the autonomous vehicle in luxury and premium vehicles. Increasing technology with the driver assistant to the vehicle. Safety measurements need to be more developed in the vehicles with the increased costing of the vehicles and holding a significant position in the market.
Recent Developments:
Major Key Players
Market Segmentation
By Application
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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