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Rising Demand For Autonomous Vehicles Fuels Growth In The Automotive Smart Display Market Emerges as a Core Driver of the Automotive Smart Display Market in 2025
Automotive Smart Display
What Is the Expected CAGR for the Automotive Smart Display Market Through 2025?
Over time, the size of the automotive smart display market has seen significant growth. An expansion from $10.7 billion in 2024 to $11.73 billion the following year, at a compound annual growth rate (CAGR) of 9.6% is predicted. The historical growth can be linked to the rise in consumer requests for high-tech infotainment systems and the growth in the automotive industry, which is primarily focused on in-car connectivity. The adoption of advanced driver assistance systems (ADAS), strict safety regulations prompting the incorporation of smart displays, and the growing demand for enhanced safety, comfort, and convenience in vehicles are also factors contributing to this growth.
What's the Projected Size of the Global Automotive Smart Display Market by 2029?
The market size for automotive smart displays is predicted to experience fast-paced expansion in the upcoming years, escalating to $17.54 billion by 2029 with a 10.6% compound annual growth rate (CAGR). The anticipated growth during the forecast period could be due to the swift integration of oled panels, an increase in passenger and commercial vehicle production, the expansion of the luxury and high-end car segments, the broadening of the connected car ecosystem, and a swell in demand for electric and self-driving vehicles. Key trends expected during the forecast period are the creation of larger, more immersive display screens, the incorporation of voice recognition and gesture controls for hands-off operation, personalization of display interfaces for tailored driving experiences, partnerships between automakers and technology companies, and improvements in automotive electronic modules and electronic control units.
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Top Growth Drivers in the Automotive Smart Display Industry: What's Accelerating the Market?
The surge in demand for semi-autonomous and autonomous vehicles is anticipated to fuel the expansion of the automotive smart display market. These self-driving, semi-autonomous and autonomous vehicles are capable of accelerating, decelerating and halting without the need for human interaction. Such smart displays equipped in them are used to identify other vehicles. They display vehicles and other objects located behind, thereby facilitating a safer reversing process. For example, a report unveiled by the Insurance Institute for Highway Safety, a non-profit U.S. based group, in December 2022 predicts that by 2025, approximately 3.5 million autonomous vehicles will be operative on U.S. roads while this number is predicted to reach 4.5 million by 2030. Consequently, the escalating demand for semi-autonomous and autonomous vehicles is promoting the advancement of the automotive smart display market.
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What Trends Will Shape the Automotive Smart Display Market Through 2029 and Beyond?
Leading businesses in the automotive smart display sector are emphasizing the creation of progressive technological products like head-up displays, with the aim of improving driver interactivity, upgrading navigation systems, and offering instant information access. The head-up display (HUD), a clear digital exhibit, projects essential information, for example, navigation or speed, straight onto the windshield or a transparent screen within the driver's field of view. This allows them to check data without diverting their gaze from the road. For instance, in May 2023, Raythink, an augmented reality head-up display producer based in China, introduced its intelligent vehicle AR-HUD solution. The unique selling point of this display is the OpticalCore image creation unit and wave-layer three-dimension technology it uses. This enables the projection of a full 3D image that can be viewed directly, providing enhanced 3D effects and a futuristic driving experience. Markedly different from conventional thin-film transistor and digital light processing solutions, OpticalCore utilizes laser beam scanning as its light source, providing a broader view that covers three lanes, higher image contrast without the effects of light windows or solar loads, as well as lower costs and reduced power consumption.
What Are the Main Segments in the Automotive Smart Display Market?
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
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
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Which Top Companies are Driving Growth in the 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
Which Regions Will Dominate the Automotive Smart Display Market Through 2029?
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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