Automotive Smart Display Market To Reach $20.07 Billion By 2030

Automotive Smart Display Market Growth & Trends

The global automotive smart display market size is expected to reach USD 20.07 billion by 2030, registering at a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The growing demand for advanced safety features, automotive and cockpit electronics, and semi-autonomous and autonomous vehicles is expected to drive market growth. The increasing demand for improved in-vehicle experience and the changing consumer buying behavior, along with the growth of luxury, premium, and high-end cars worldwide, is also expected to fuel the automotive smart display industry demand over the forecast period.

The surge in demand for vehicle navigation and connectivity systems in the automotive sector led to a growth in the usage of automotive visualization technology. Visualization technology has played a significant role in advancement of the cockpit technology, which has led to the incorporation of interactive and smart displays in several vehicles launched by prominent automakers such as Jaguar Land Rover, Mercedes-Benz, Volkswagen, Audi, and BMW. Moreover, the technology is also gaining prominence among automotive display suppliers with an uptick in demand for automotive in-vehicle infotainment solutions as well as display solutions to increase the growth of the market. For instance, in June 2022, AB Volvo and video game and software developer Epic Games, Inc. announced its collaboration for providing visualization technology in Volvo’s fully electric vehicles. Furthermore, this is expected to provide infotainment systems with two times faster speeds, and higher quality graphics as compared to previous Volvo’s previous car models which is expected to boost the growth of the market.

The adoption of autonomous cars is expected to increase the growth of the market as connected cars provide a more advanced platform for smart displays to function, as they enable real-time connectivity to the internet and other devices.Moreover, the increasing use of advanced driver-assistance systems (ADAS) in connected cars is also driving the demand for more automotive smart displays. ADAS features such as lane departure warnings, blind-spot monitoring, and collision avoidance systems require high-quality displays to provide drivers with clear and concise information. Numerous key players are taking initiatives on automated driving for increasing the adoption of automotive smart displays. For instance, in January 2023, automotive parts manufacturing company Continental AG announced its partnership with edge artificial intelligence (AI) semiconductor company Ambarella, Inc., for developing advanced driver assistance systems and automated driving. The two companies are expected to manufacture end-to-end based artificial intelligence (AI) hardware and software solutions, for assisted and automated driving for increasing autonomous mobility in the automotive market.

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Automotive Smart Display Market Report Highlights

• In terms of display size, the greater than 10" size segment is expected to register the highest CAGR over the forecast period owing to the increase in the number of semi-autonomous, autonomous vehicles and the adoption of advanced driver assistance system (ADAS) is attributed to the growth of this segment

• In terms of display technology, the TFT-LCD segment dominated the global market in 2022 and is anticipated to generate a revenue of over USD 6 billion by the end of the forecast period.The increase in electric vehicles and government initiatives is expected to increase the demand for the TFT-LCD segment in the future

• In terms of application, the center stack display segment accounted for the largest revenue share in the global market in 2022. Technological developments in self-driving and connected cars are expected to propel the demand for center stack displays in vehicles

• The Asia Pacific market accounted for the largest market share in 2022 of the global market. This is attributed to increased production and sales of passenger vehicles in the region.The development of advanced technologies such as artificial intelligence, machine learning, and augmented reality is also leading to the growth market in the region

Automotive Smart Display Market Segmentation

Grand View Research has segmented the global automotive smart display market based on display size, display technology, application, and region:

Automotive Smart Display Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Less than 5''

• 5''-10''

• Greater than 10''

Automotive Smart Display Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• LCD

• TFT-LCD

• OLED

• Others

Automotive Smart Display Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Digital Instrument Cluster

• Center Stack

• Head-Up Display (HUD)

• Rear Seat Entertainment

Automotive Smart Display Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

  • Mexico

• Middle East and Africa

List of Key players in Automotive Smart Display Market

• Alps Alpine Co., Ltd.

• Continental AG

• Denso Corporation

• Hyundai Mobis

• Nippon Seiki Co., Ltd.

• Panasonic Corporation

• Pioneer Corporation

• Robert Bosch GmbH

• SAMSUNG (HARMAN International)

• Visteon Corporation