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:
Detailed Segmentation-
Detailed Segmentation-
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