The automotive smart display market is evolving through connectivity and digital convenience features. Automotive smart displays are integrated digital screens in vehicles that can control entertainment, navigation, and connected services. Smart displays come with large, high-resolution screens ranging between 7-12 inches and support touchscreen, voice command, and gesture-based interactions. Beyond essential infotainment functions, modern smart displays enable value-added applications relating to vehicle maintenance, music streaming, online shopping, video conferencing, and emergency response services. The automotive industry is increasingly focused on connected mobility solutions to improve road safety, traffic management, and after-sales support through technical upgrades and over-the-air software updates.
Global Automotive Smart Display Market is estimated to be valued at US$ 16.5 Billion in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024-2032. Key players operating in the automotive smart display market include Continental AG, Visteon Corporation, Panasonic Corporation, Robert Bosch GmbH, Denso Corporation, LG Display, Magna International, Hyundai Mobis, Kyocera Corporation, and Yazaki Corporation. The market is witnessing high growth on account of rising vehicle production and consumer preference for connected vehicles with enhanced safety, navigation and infotainment features. Furthermore, increasing disposable incomes and rapid urbanization are expected to drive smart mobility solutions in developing countries.
Key Takeaways
Key players - Key players operating in the automotive smart display are Continental AG, Visteon Corporation, Panasonic Corporation, Robert Bosch GmbH, Denso Corporation, LG Display, Magna International, Hyundai Mobis, Kyocera Corporation, and Yazaki Corporation.
Growing demand - The Automotive Smart Display Market Growth is driven by the need for safer, more convenient and connected driving experiences. Vehicle manufacturers are focusing on differentiated in-car technologies and integrating advanced driver assistance systems.
Global expansion - Leading automotive display companies are expanding their manufacturing footprints across major vehicle producing regions including North America, Europe, China, and India to establish local supply networks and address the growing demand.
Market Key Trends
One of the key trends in the automotive smart display market is the growing adoption of digital cockpit solutions. Vehicle manufacturers are integrating digital instrumentation, connected head-up displays and wider screens to deliver immersive in-cabin experiences. Growing connectivity and integration of advanced software is also driving the demand for over-the-air updates and customization of in-vehicle apps and features. As self-driving technologies evolve, control panels are transitioning from conventional buttons to gesture and voice-based interactions for a safer, hands-free experience behind the wheel.
Porter's Analysis
Threat of new entrants: Entry of new players in market need huge investment in R&D for developing new technologies. Bargaining power of buyers: Customers have high bargaining power due to availability of substitute products.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternative suppliers. Threat of new substitutes: Substitutes like HUD and head-up displays pose threat to automotive smart displays market. Competitive rivalry: Intense competition between established automotive smart display manufacturers.
Geographical Regions
North America is the largest market for automotive smart display in terms of value. Countries like US and Canada are major revenue generators due to high vehicle production and sales.
Asia Pacific region is expected to be fastest growing market during forecast period. Countries like China, Japan and South Korea are witnessing rapid infrastructure development and increasing automotive sales which is driving the automotive smart display market in this region.
Get more insights on Automotive Smart Display Market
Also read related article on Projector Screen Market
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )
