What is the Current and Expected Evolution of the Automotive Smart Display Market?
The automotive smart display market size has witnessed considerable growth, escalating from $10.7 billion in 2024 to an anticipated $11.73 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.6%. This prominent rise in recent years can be attributed to various factors including the increased consumer demand for advanced infotainment systems, growth in the automotive industry with a focus on in-car connectivity, adoption of advanced driver assistance systems (ADAS), and stringent safety regulations prompting the integration of smart displays.
Over the next few years, the automotive smart display market size is expected to witness rapid growth, reaching $17.54 billion in 2029 at a CAGR of 10.6%. The growth in the forecast period will be driven by factors like rapid adoption of OLED panels, rising production of passenger cars and commercial vehicles, growth of the high-end and luxury car segments, expansion of the connected car ecosystem and surge in demand for electric and autonomous vehicles.
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What is Propelling the Growth of The Automotive Smart Display Market?
One of the critical growth drivers for the automotive smart display market is the increasing demand for semi-autonomous and autonomous vehicles. These vehicles equipped with smart displays can accelerate, decelerate and stop without human intervention, providing invaluable assistance particularly when reversing. For instance, according to a report published by the Insurance Institute for Highway Safety in December 2022, an estimated 3.5 million autonomous vehicles will be on American roads by 2025, and this number is projected to reach 4.5 million by 2030. Therefore, the rise in demand for semi-autonomous and autonomous vehicles invariably fuels the growth of the automotive smart display market.
Which are the Key Segments of the Automotive Smart Display Market?
The automotive smart display market is segmented by:
1) Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
2) Display Technology: LCD, TFT-LCD, OLED
3) Autonomous Driving: Semi-Autonomous, Autonomous
4) Application: Digital Instrument Cluster, Center Stack, Head-up Display (HUD), Rear Seat Entertainment, Other Applications
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Which Major Players Are Shaping The Automotive Smart Display Market?
Several leading companies including Robert Bosch GmbH, Continental AG, DENSO Corporation, Visteon Corporation, Nippon Seiki Co Ltd., Panasonic Corporation, Pioneer Corporation, Yazaki Corporation, Alps Alpine Co Ltd., and Hyundai Mobis Co Ltd. are making significant strides in the automotive smart display market.
What Trends Are Emerging In The Automotive Smart Display Market?
Prominent market players are focusing on developing technologically advanced products, such as head-up displays, to enhance driver interaction, improve navigation systems, and offer real-time information.
How is the Automotive Smart Display Market Performing Across Different Regions?
Asia-Pacific dominated the automotive smart display market in 2024 among other regions including Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Automotive Smart Display Market Report 2025 Offer?
The automotive smart display refers to a touch screen system used in vehicles to enable hands-free access to multimedia management, driver safety features, navigation, and real-time automotive diagnostics. The system is crucial for enhancing the safety and security within the vehicle.
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