What is the global market size of Automotive Smart Display Market?

Global Automotive Smart Display Market size was valued at USD 8.81 billion in 2021 and is poised to grow from USD 9.67 billion in 2022 to USD 20.12 billion by 2030, growing at a CAGR of 9.6% in the forecast period (2023-2030).

Automotive Smart Display Market Size

Automotive Smart Display Market Insights

Automotive Smart Display Market size was valued at USD 9.67 Billion in 2023 and is poised to grow from USD 10.6 Billion in 2024 to USD 22.05 Billion by 2032, growing at a CAGR of 9.6% during the forecast period (2025-2032).

Automotive smart display refers to the touchscreen display system in vehicles which is designed to enhance the safety and security of the residents of the vehicles and provide them with features like driver information and safety, multimedia control, real time diagnostic and navigation, battery health & temperature, fuel capacity, tire pressure etc. Due to the increased demand for high performance and luxury vehicles and increasing awareness regarding safety features in vehicles, the global automotive smart display market is growing. Technological advancement is the key trend gaining popularity in the market. With the increased adoption of autonomous and semi autonomous vehicles, requirements for larger screen size smart displays are rising. This will have the ability to provide advanced and thorough driver assistance through a single touchscreen.

Gesture control systems, advanced infotainment systems, head-up displays, telematics, central controllers, and steering-mounted controls are all being used extensively in passenger vehicles to improve safety, comfort, luxury, and security. Several governments around the world are putting regulations in place to improve vehicle safety and security. This has increased global demand for electronic devices, including smart displays.

US Automotive Smart Display Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

There are many major players available in the market. Some of the key players include Bosch(Germany), Continental (Germany), DENSO (Japan), Visteon (US), Nippon Seiki (Japan), Panasonic (Japan), Pioneer (Japan) and Yazaki (Japan). To expand their business these companies use both organic growth strategies as well as inorganic strategies such as new product development, mergers & acquisition, collaboration, partnership and expansion. Continental AG is one of the dominant players as its goal is to develop driverless cars and advanced connectivity solutions. 'Robert Bosch GmbH (Germany) ', 'Hyundai Mobis (South Korea) ', 'LG Display Co., Ltd. (South Korea) ', 'Continental AG (Germany) ', 'DENSO Corporation (Japan) ', 'Visteon Corporation (USA) ', 'Nippon Seiki Co., Ltd. (Japan) ', 'Panasonic Corporation (Japan) ', 'Pioneer Corporation (Japan) ', 'Yazaki Corporation (Japan) ', 'Alps Alpine Co., Ltd. (Japan) ', 'Valeo SA (France) ', 'Magna International Inc. (Canada) ', 'Gentex Corporation (USA) ', 'HARMAN International (USA) ', 'AU Optronics Corporation (Taiwan) ', 'Japan Display Inc. (Japan) ', 'Kyocera Display Corporation (Japan) ', 'Fujitsu Ten Limited (Japan) ', 'Delphi Technologies PLC (USA)'

Incorporation of smartphone connectivity features in vehicles with infotainment systems such Android auto, Spotify, Apple Car play is expected to drive the automotive smart displays market. These systems enable easy navigation with inclusion of advanced features like music control, call management all without causing distraction to the driver. Voice assistants like Siri or Google assistant can also be integrated into the system for a hands free experience.

Announcement of 5G technologies and increasing popularity of wireless technologies are beneficial for this market. 5G networks provide access to high speed internet which is required for the usage of advanced features like Augmented reality, virtual reality & cloud gaming with the advanced smart displays. Usage of IoT to integrate wireless features in smart displays and provide a portable display experience and enhance customer comfort.

Asia Pacific accounted for a notable share of revenue of over 50% and is expected to show high growth rate during the anticipated period. The reasons for this may be growth in the number of road accidents and the increasing awareness regarding vehicle safety features for the wellbeing of the drivers and the pedestrians. China accounted for almost 50% of the total passenger vehicle sales. It is the market leader in production and sales of passenger cars. The increasing demand for aftermarket advanced smart displays in India is also responsible for the surge in market growth in this region.