Automotive Smart Display Market to Reach $16.93 Billion by 2029, Expanding at 10.0% CAGR
Drawing from trusted sources and expert analysis, this report helps businesses navigate the complex landscape of the automotive smart display industry.
What Is The Expected CAGR For The Automotive Smart Display Market Through 2025?
The automotive smart display market size has grown strongly in recent years. It will grow from $10.7 billion in 2024 to $11.56 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to increased consumer demand for advanced infotainment systems, growth inThe automotive industry with a focus on in-car connectivity, adoption of advanced driver assistance systems (ADAS), stringent safety regulations drivingThe integration of smart displays, growing demand for enhanced safety, comfort, and convenience in automobiles.
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Which Key Factors Will Influence Automotive Smart Display Market Growth Over 2025–2034?
The increasing demand for semi-autonomous and autonomous vehicles is expected to propel the growth of the automotive smart display market going forward. Semi-autonomous and autonomous self-driving vehicles can accelerate, decelerate and stop without human intervention. A smart display is used in semi-autonomous and autonomous vehicles to detect vehicles. These smart displays will show the vehicles and objects behind the vehicles, which will be useful when reversing. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, there are projected to be 3.5 million autonomous vehicles on American roads by 2025. Additionally, 4.5 million autonomous vehicles are expected to be on the road by 2030. Therefore, the increasing demand for semi-autonomous and autonomous vehicles drives the growth of the automotive smart display market.
Comprehensive Segment-Wise Insights Into The Automotive Smart Display Market
The automotive smart displaymarket covered in this report is segmented —
1) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
2) By Display Technology: LCD, TFT-LCD, OLED
3) By Autonomous Driving: Semi-Autonomous, Autonomous
4) By Application: Digital Instrument Cluster, Center Stack, Head-up Display (HUD), Rear Seat Entertainment, Other Applications
Subsegments:
1) By Passenger Car: Infotainment Displays, Instrument Cluster Displays, Head-Up Displays (HUD), Rear Seat Entertainment Systems
2) By Light Commercial Vehicle: Infotainment Systems, Navigation Displays, Instrument Panels, Fleet Management Displays
3) By Heavy Commercial Vehicle: Multi-Function Displays, Fleet Management And Navigation Systems, Instrument Clusters, Driver Assistance Displays
What Are The Prominent Trends In The Automotive Smart Display Market?
Major companies operating in the automotive smart display market are focusing on developing technologically advanced products, such as head-up displays to enhance driver interaction, improve navigation systems, and provide real-time information. A head-up display (HUD) is a transparent digital display that projects critical information, such as speed or navigation, directly onto the windshield or a clear screen in a driver’s line of sight, allowing them to view data without looking away from the road. For instance, in May 2023, Raythink, a China-based manufacturer of augmented reality head-up displays, launched the smart vehicle AR-HUD solution. The unique feature of the display is its use of the OpticalCore picture generation unit and wave-layer three-dimension technology, which enables it to project a fully naked-eye 3D image with depth, offering enhanced and futuristic 3D effects for an improved driving experience. Unlike traditional thin-film transistor and digital light processing solutions, OpticalCore leverages laser beam scanning as a light source, providing a wider field of view covering three lanes, higher image contrast without light window effects or solar loading, and significantly lower costs and power consumption.
Analysis Of Key Players In Automotive Smart Display Market
Major companies operating in the automotive smart display market include Robert Bosch GmbH, Continental AG, DENSO Corporation, Visteon Corporation, Nippon Seiki Co Ltd., Panasonic Corporation, Pioneer Corporation, Yazaki Corporation, Alps Alpine Co Ltd., Hyundai Mobis Co Ltd., LG Display Co Ltd., Valeo SA, Magna International Inc., Delphi Technologies PLC, AU Optronics Corp., Japan Display Inc., Kyocera Display Corporation, Gentex Corporation, Garmin Ltd., HARMAN International, Delphi Technologies, WKW Automotive GmbH, Fujitsu Ten Limited, Clarion Co Ltd., Aisin Seiki Co Ltd., Hella KGaA Hueck & Co, Huizhou Desay SV Automotive Co Ltd., Ichikoh Industries Ltd., Marelli Holdings SpA, ZF Friedrichshafen AG
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What Are The Key Regional Trends In The Automotive Smart Display Market?
Asia-Pacific was the largest region in the automotive smart display market in 2024.The regions covered in the automotive smart display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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