AUTOMOTIVE SMART DISPLAY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The automotive smart display market is estimated to be valued at US$ 12.83 billion in 2024 and is expected to reach US$ 21.73 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031. The incorporation of advanced features such as navigation, Bluetooth connectivity and voice recognition in automotive displays is expected to drive the demand.

The automotive industry has witnessed significant transformation over the past few years owing to technological advancements in vehicle connectivity and infotainment systems. Automotive smart displays are gaining prominence as Original Equipment Manufacturers (OEMs) are focusing on upgrading the in-vehicle experience for passengers. A smart display enables seamless connectivity between the vehicle and external devices through wireless technologies such as Bluetooth and Wi-Fi. It acts as a central control unit for various onboard functions including navigation, entertainment, vehicle settings as well as real-time diagnostic data. Rising consumer demand for convenience, safety, and comfort features in vehicles has compelled automakers to equip their models with smart displays.

Market Dynamics:

The global automotive smart display market growth is driven by increasing connectivity within vehicles and growing consumer inclination towards technologically advanced features. Rising adoption of smartphones and other smart devices has made passengers familiar with touchscreens, prompting demand for interactive and intuitive display interfaces in cars. However, high initial costs associated with development and integration of smart displays pose a challenge to widespread adoption. Market players see opportunities in collaborating with technology giants to offer innovative infotainment and telematics solutions. OEMs are also exploring applications of Artificial Intelligence and cloud connectivity to enhance the functionality of smart displays.

Key features of the study:

• This report provides an in-depth analysis of the global automotive smart display market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global automotive smart display market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Alps Alpine Co., Ltd., Continental AG, Delphi Automotive PLC, Denso Corporation, Hyundai Mobis, Japan Display Inc., LG Display Co. Ltd., Magna International Inc., Nippon Seiki Co., Ltd., Panasonic Corporation, Pioneer Corporation, Robert Bosch GmbH, SAMSUNG (HARMAN International), and Visteon Corporation are the major players.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global automotive smart display market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Detailed Segmentation-

• By Display Size
  • Upto 5 inches
  • 5-10 inches
  • Above 10 inches
• By Display Technology
  • LCD
  • TFT-LCD
  • OLED
  • Others
•  By Application
  • Digital Instrument Cluster
  • Center Stack
  • Head-Up Display (HUD)
  • Rear Seat Entertainment
• By Regional
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
• Key Players Insights
  • Alps Alpine Co., Ltd.
  • Continental AG 
  • Delphi Automotive PLC
  • Denso Corporation 
  • Hyundai Mobis
  • Japan Display Inc. 
  • LG Display Co. Ltd.
  • Magna International Inc.
  • Nippon Seiki Co., Ltd.
  • Panasonic Corporation
  • Pioneer Corporation
  • Robert Bosch GmbH 
  • SAMSUNG (HARMAN International)
  • Visteon Corporation