Automotive Smart Display Market Size Projected to Garner USD 23.6 Billion by 2032 growing at 6.1% CAGR - Exclusive Report by Acumen Research and Consulting
The Global Automotive Smart Display Market Size is predicted to reach USD 23.6 Billion by 2032 from USD 13.1 Billion in 2022, at a CAGR of 6.1% between 2023 and 2032, as per the Acumen Research and Consulting
Automotive smart displays refer to advanced digital screens or panels installed in vehicles that provide a wide range of information and functionalities to both drivers and passengers. These displays are typically integrated into the vehicle's dashboard and offer features such as infotainment systems, navigation, vehicle diagnostics, climate control, and various driver assistance functions. They are designed to enhance the overall driving experience, improve safety, and provide seamless connectivity within the vehicle.
The market for automotive smart displays has been experiencing significant growth in recent years. Technological advancements, increasing consumer demand for advanced features and connectivity, and the rise of electric vehicles (EVs) are some of the key factors driving this growth. The integration of smart displays in EVs is particularly noteworthy, as these vehicles often emphasize cutting-edge technology and connectivity.
In addition to the growth in EVs, the rising adoption of advanced driver assistance systems (ADAS) and autonomous driving technologies is further fueling the demand for automotive smart displays. These displays play a crucial role in presenting crucial information related to ADAS functions, such as lane-keeping assist, adaptive cruise control, and collision warnings, enhancing the driver's situational awareness and overall safety. Furthermore, the increasing popularity of connected car features, such as smartphone integration, real-time traffic updates, and remote vehicle control, is contributing to the automotive smart display market growth.
Automotive Smart Display Market Statistics
- Global automotive smart display market value was worth USD 13.1Billion in 2022, with a 6.1% CAGR from 2023 to 2032
- Asia-Pacific automotive smart display market share occupied around 51% in 2022
- Europe region is expected to expand at the highest CAGR between 2023 and 2032
- By application, the center stack segment captured the largest market share in 2022
- Growing emphasis on driver safety and integration of advanced driver assistance systems (ADAS), propel the automotive smart display market revenue
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Automotive Smart Display Market Trends
The automotive smart display market is entering an evolving era characterized by significant advancements and transformative changes. As vehicles become more connected and autonomous, smart displays are taking center stage in providing a seamless user experience and facilitating advanced functionalities.
One of the key trends in the evolving era of automotive smart displays is the integration of artificial intelligence (AI) and machine learning (ML) capabilities. Smart displays are becoming smarter by leveraging AI algorithms to analyze data from various sensors and sources, allowing for personalized experiences and predictive features. AI-powered voice assistants are also being integrated into smart displays, enabling hands-free interaction and natural language processing.
Another notable development is the increasing adoption of curved and flexible displays. These displays offer improved aesthetics, better visibility, and enhanced immersion for drivers and passengers. Curved displays can seamlessly integrate into the vehicle's interior design, providing a sleek and futuristic look. Flexible displays, on the other hand, offer versatility in terms of shape and size, enabling manufacturers to design unique and customized display configurations. Furthermore, the evolving era for automotive smart displays is marked by the convergence of multiple functionalities into a single display.
Automotive Smart Display Market Segmentation
Acumen Research and Consulting has segmented the global automotive smart display market by application, display technology, display size, vehicle type, and region.
- By application, the industry is categorized into rear seat entertainment, center stack, digital instrument cluster, and head-up display.
- By display technology, the market is divided into LCD, OLED, TFT-LCD, and others.
- By display size, the market is classified into <5", 5" - 10", and >10".
- By vehicle type, the market is split into passenger car, heavy commercial vehicle, and light commercial vehicle.
- By region, the market is classified into Asia-Pacific, North America, Europe, Latin America, and the MEA.
Automotive Smart Display Market Regional Overview
According to the automotive smart display industry analysis, Europe is emerging as a growing region in the automotive smart display market. One of the key drivers is the strong presence of renowned automotive manufacturers in Europe. The region is home to prestigious automakers that prioritize innovation and technology, and they are actively integrating advanced smart displays into their vehicles. This focus on technology-driven solutions has propelled the growth of the automotive smart display market in Europe. Additionally, Europe has been at the forefront of promoting and adopting electric vehicles (EVs) and sustainable mobility solutions. As EVs gain traction in the market, they often incorporate sophisticated smart displays as a core component of their advanced infotainment and control systems. The combination of electric mobility and smart displays aligns with Europe's commitment to reducing emissions and promoting eco-friendly transportation options, further driving the demand for automotive smart displays in the region.
Automotive Smart Display Market Players
Some of the prominent automotive smart display market companies are Continental AG, Panasonic Corporation, Denso Corporation, Visteon Corporation, Robert Bosch GmbH, LG Display Co., Ltd., Magna International Inc., Harman International Industries, Incorporated, Yazaki Corporation, Garmin Ltd., Pioneer Corporation, and Delphi Technologies.
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