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Automotive Smart Display Global Market Demand Status, Competitive Landscape, Top Growing Regions, Segmentations, and Leading Key Opportunity Forecast To 2033
Automotive Smart Display Market
As per the report, the automotive smart display market size has grown rapidly in recent years. It will grow from $9.84 billion in 2023 to $10.85 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The automotive smart display market size is expected to see rapid growth in the next few years. It will grow to $15.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.
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Rising Demand For Autonomous Vehicles Fuels Growth In The Automotive Smart Display Market
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 2021, according to Crunchbase, a US-based prospecting platform for dealmakers, Waymo LLC, a US-based autonomous driving technology development company, raised a total of $5.5 billion in funding for autonomous vehicles. Also, in 2020, Tesla, a US-based automotive and clean energy company, raised a total of $20.2 billion in funding. Therefore, the increasing demand for semi-autonomous and autonomous vehicles drives the growth of the automotive smart display market.
Technological Advancement Drives The Market
Technological advancements have emerged as the key trend gaining popularity in the automotive smart display market. Major companies operating in the automotive smart display sector are focused on developing technology such as 5G technology and wireless technology to meet consumer demand. Automotive applications can be integrated with smart display systems using 5G. For instance, In January 2021, LG Electronics, a South Korea-based company that manufactures consumer electronics and automotive smart devices, collaborated with Qualcomm Technologies, a US-based semiconductor company, for the development of the 5G in-vehicle platform. This 5g technology helps in the more effective use of car sensors and will give a better automotive smart display view. It also helps in the vehicle to vehicle (V2V) and vehicle to infrastructure (V2I) communication.
The automotive smart display market 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
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Major companies operating in the automotive smart display market report are 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
Contents of the report:
1. Executive Summary
2. Automotive Smart Display Market Report Structure
3. Automotive Smart Display Market Trends And Strategies
4. Automotive Smart Display Market - Macro Economic Scenario
5. Automotive Smart Display Market Size And Growth
…..
27. Automotive Smart Display Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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