Automotive Smart Display Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive Smart Display Market
The automotive smart display market size was valued at USD 14.72 billion in 2023, and the market is now projected to grow from USD 15.59 billion in 2024 to USD 26.90 billion by 2032, exhibiting a CAGR of 7.1% during the forecast period of 2024-2032.
The COVID-19 pandemic created significant opportunities on the automotive smart display market growth as curbing coronavirus outbreak was prioritized. The COVID-19 pandemic substantially impacted the automotive clever show marketplace, causing disruptions in each delivery and call. Lockdown measures and financial uncertainties caused a brief decline in car sales, affecting the adoption of clever display structures.
The automotive smart display market share globally has been contributed due to the integrating smartphone connectivity into vehicles. Synchronization of smartphones with infotainment systems, such as Apple CarPlay, Spotify, and Android Auto, could increase the demand for upgrading vehicle displays.
Furthermore, there’s been a notable trend of rapid adoption of OLED panels. The fast adoption of reality-based technology and independent automobiles is predicted to reinforce in-automobile infotainment systems, which might be becoming increasingly sophisticated, leading to a surge in demand for larger and higher-decision vehicle shows.
Comprehensive Analysis of Automotive Smart Display Market
The automotive smart display market and automotives industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the automotives industry. These segmentations are methodically segregated by types of size, display technology, application and vehicle class. The display technology types include, LCD, TFT-LCD, and LED. However, the size is such as 5”, 5” to 10”, and above 10”.
The Asia Pacific region is conducive to the global automotive smart display market, leading to a recall of USD 7.4 billion owing to increasing demand for automobiles. The region’s growth is due to extended demand for automobiles, multiplied visitor accidents, and the desire to incorporate safety functions into cars to ensure occupant and road safety.
The top players in the market play a crucial role in the automotives industry assuring industrial prospectus growth and setting market standards. These players include, Delphi Automotive PLC (Ireland), Panasonic (Taiwan),Japan Display Inc. (Japan),Continental AG (Germany), Denso Corporation (Japan), Magna International Inc. (Canada), Nippon Seiki Co. Ltd. (Japan),LG Display Co. Ltd. (South Korea), Robert Bosch GmbH (Germany), and Hyundai Mobis (South Korea) these market players provide a level-playing competitive landscape.
In January 2024, LG Display unveiled a fix for game-converting cars at the Consumer Electronics Show (CES) 2024. Displays include a 57-inch pillar-to-pillar (P2P) LCD, which covers the dashboard from the left on the driver's side all of the way to the right facet of the front passenger seat and is the largest existing display, in line with the enterprise.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.1% from 2024-2032
Unit Value (USD Billion)
Segmentation By Size
Upto 5""
5"" to 10""
Above 10""
By Display Technology
LCD
TFT-LCD
LED
By Application
Digital Instrument Cluster
Center Infotainment
Head-up Display
Rear Seat Entertainment
By Vehicle Class
Standard-segment
Mid-segment
Luxury
By Geography
North America (By Size, Display Technology, Application, and Vehicle Class)
- U.S. (By Vehicle Class)
- Canada (By Vehicle Class)
- Mexico (By Vehicle Class)
Europe (By Size, Display Technology, Application, and Vehicle Class)
- U.K. (By Vehicle Class)
- Germany (By Vehicle Class)
- France (By Vehicle Class)
- Rest of Europe (By Vehicle Class)
Asia Pacific (By Size, Display Technology, Application, and Vehicle Class)
- China (By Vehicle Class)
- Japan (By Vehicle Class)
- India (By Vehicle Class)
- South Korea (By Vehicle Class)
- Rest of Asia Pacific (By Vehicle Class)
Rest of the World (By Size, Display Technology, Application, and Vehicle Class)
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