Automotive Smart Display Market Size, Share, and Trends 2024 to 2034

The global automotive smart display market size was estimated at USD 12 billion in 2022 and is expected to hit around USD 18.55 billion by 2032 with a CAGR of 4.5% during the forecast period 2023 to 2032.

Key Takeaways

• By display size, the 5''-10" display size segment has generated revenue share of around 46.8% in 2022.
• The greater than 10” smart display segment is expected to grow at a CAGR of 9.5% from 2023 to 2032.
• By display technology, the TFT-LCD display segment hit highest revenue share of 53.6% in 2022.
• The OLED display segment is poised to grow at a CAGR of 10.6% from 2023 to 2032.
• By application, the center stack display segment has contributed 41% in 2022.
• The head-up display (HUD) segment is expected to grow at a CAGR of 8.9% from 2023 to 2032.
• Asia Pacific region hit a revenue share of around 52% in 2022.

Autonomous vehicles and semi-autonomous vehicles are high in demand due to segments involved for rising of the market. Automotive smart display devices includes mainly power full battery source, LCD display screen with the size of 3 inch to 15 inch device developed by Microsoft in 2002, wireless connections with the device. LCD screen smart devices are mostly used for internet surfing or to perform other work. Increased demand from the market have thrived the market growth. Due to the increased prices of the LCD and smart devices developed can affect the growth of the automotive smart display market.

Impact of the covid -19 on the automotive smart display market affected widely decreased sale of the vehicles due to the shutdown of the nation, ceased transportation decreased manufacturing and production led the market to decline the growth. Automobile industry investing fund for developing the smart display market faced the dilemma due to decline of the market. Increasing demand engine information over the display by monitoring the engine. More convenient to display the information the navigation, media, alertness created during driving and many more expanded the market to grow high.

Growth Factors

The major growth factors are due to increase in demand from the consumers for the smart display in vehicles with developed advanced features involved in the vehicle. Connecting the mobiles with display screen and displaying information over the screen. Involved systems with the smart display are Android, Apple, car play, Spotify may increase the market of display in the vehicles.

Systems connected with the display make it convenient for road map by displaying navigation on smart display, alertness created during parking of the vehicle by displaying information or image over the screen may reduce the accidents taking place. To operate in ease functions such as music play, calling system can easily manage over the smart displays without getting disturbed and the vehicle Standardized systems should be developed in the vehicles with developed features of the smart technology. Increased research and development based on the automotive smart display market to enhance the market growth.

The automobile industry developing newly advanced technologies and facilitating information on the display for easy access, convenience and luxurious look of the vehicle boost the market growth. Automated vehicles less human control and more robotic developments inculcated in the vehicles. Autonomous vehicles involves car can drive itself without any driver by keeping the car on a lane, controlling speed and breaking system. Developed high technological features with luxury have increased the market revenue share to improve the market growth.

Automotive Smart Display Market Scope

Automotive Smart Display Market Dynamics

Key Market Drivers

• Automotive smart display market driving high because of the increased awareness of the smart display in the vehicles with the increasing demand from the consumers worldwide. One more factor that boost the market growth is luxurious car and premium manufacturing of the vehicles in automobile industry. Smart displays in the vehicles can reduce the number of road accidents taking place. Smart display are more widely utilized in the automobile industry in the world for developing and manufacturing the smart displays. On smart displays functions are performed by a single touch screen. Automobile industry working on the more developments with increased research and developments in automotive smart display market.
• Displaying the information over the screen is done by connecting the smart phones with the vehicle. Android, spotify, apple car play may increase the market high in smart displays. The developed technology allows the consumer to access the navigation information, music playing, call system and many more by connecting smart phones and vehicle. Market players involved in the production and manufacturing of the smart displays play a major role in the automobiles section. The development of the displays, autonomous vehicles are majorly seen in luxurious vehicles.

Key Market Challenges 

• The development of the assistant driver system where the vehicle control the driving of the car which is maneuvering the car displaying the information over the display. Developing technologies along with the improving safety is utmost important in automobile industry during the forecast period. However imposing new technology and installing the driver assistance in the vehicle is not as easy as it looks. 
• Increased costing of the vehicles with improved technologies of smart display in the vehicles can face the dilemma in the automobile sector and affect the market growth. Balance should be maintained in the costing and the output of the product. In coming years raised development of the semi-autonomous vehicles with improved features of driving assistant and smart display may enhance the market growth during the forecast period. 

Key Market Opportunities

• Developed technologies in the emerging regions along with the increased usage of the wireless technology. The advanced technology of 5G internet connectivity which added more activities to perform through wireless network with high internet speed with innovative technologies and applications includes augmented reality and virtual reality can be accessed over the smart displays. Which involves gaming, multimedia, navigating and many more.
• 5G and 4G connections offer a good performance and surfing over internet on the large display screen. Large screen panels are required in the vehicles instead of normal displays with good quality of performance to transmit information over the screen. Increasing demand for the smart displays in the vehicle offers to boost the market growth.
• The automobile industry investing high in manufacturing and developing the smart displays with enhanced market growth in automotive smart display market. Developing underdeveloped countries with advance technologies and acceptance of the technologies have thrived the market to grow high.

Product Insights

On the basis of product, the automotive smart display market maximizes the growth of the market due to increased demand from the consumers for smart display with large panels in the vehicles and information transmitted over the display involves multimedia, navigation, call management, gaming AND many more applications can be accessed by connecting smart phones with the vehicles. 5G and 4G LTE wireless connectivity developed enables for easy usage of applications over the smart display. Enhancement of the cloud and wireless connectivity emerges for the market to develop more. The new research and development taking place with new features and increased demand for the luxurious and premium vehicles fueled the market.

Type Insights

On the basis of type, the automotive smart display is basically divided by application includes rear seat entertainment, head up display, center stack, digital instrument cluster. Based on display size <5", 5"- 10”, >10". Based on display technology LCD, TFT-LCD, OLED and others. Based on autonomous driving semi- autonomous, autonomous. Based on electric vehicle BEV, FCEV, HEV, and PHEV. Based on vehicle class economy, mid- segment, luxury. Based on Vehicle type passenger car, light commercial vehicle, heavy commercial vehicle are the types included in the automotive smart display mart which have maximized the growth due to new technologies raised in the market in luxurious and premium vehicles connectivity with high speed internet.

Application Insights

On the basis of application, the automotive smart display is basically utilized in rear seat entertainment, head up display, center stack, digital instrument cluster. 3"-5" smart display are used in the rear entertainment, center stack displays, small view mirrors, digital instrument clusters and used in mid passengers. 6-10" advanced smart displays are function able on single touch screen for applications digital instrument cluster, rear seat entertainment, center stack.

More than 10" smart display screen are utilized in autonomous and semi-autonomous which is increasing the market growth with enhance usage of the smart displays larger than 10" in the luxury and premium vehicles. Demand ride for the smart display in vehicles which helped to boost the market growth.

End User Insights

On the basis of end user, the automotive smart display is basically divide based on usage such as distinguished in to commercial vehicles and passenger vehicles. Expansion of the market in increasing the smart displays in the passenger vehicles and expanding the automobile smart display market worldwide with various new technologies developed.

Automotive Smart Display Market Share, By Region, 2022 (%)

Geography Insights

On the basis of geographical regions, the automotive smart display market has raised enormously in different regions with developed technologies worldwide. Asia Pacific region to be the leading region in the automotive smart display market with rising population and increasing demand of the electric vehicles worldwide. North America and Europe also to gain the highest position in the automotive display market with enhanced features and developments improved the regions.

Recent Developments

• In the year 2019 October, Nippon Seiki enhanced the development in Japan, Tokyo for its head up display (HUD) business. R&D center in Tokyo may be responsible in cockpit development, new HUD development, enhancement and development of product.
• In the year 2020 October, Hyundai mobis made an investment in manufacturing of augmented reality head up displays (AR HUD). Envisics and Hyundai examined to customize the augmented reality vehicle HUD for autonomous driving by 2025.
• In the year 2021 June, Pioneer corporation and cerence Inc. introduced to develop scalable, secure, Al- powered mobility products and services.

Automotive Smart Display Market Companies

• Panasonic (Hsinchu, Taiwan)
• Alpine Electronics (Tokyo Japan)
• Nipppon Seiki Co.Ltd (Niigata, Japan)
• Denso Corporation (Aichi, Japan)
• LG Display Co.Ltd. (Seoul, South Korea)
• Magna International Inc. (Aurora, Canada)
• Yazaki Corporation (Tokyo, Japan)
• AU Optronics Corporation (Hsinchu, Taiwan)
• Continental AG (Hanover, Germany)
• Valeo SA (Paris, France)
• Robert Bosch GmbH (Gerlngen, Germany)
• Delphi Automotive PLC(Dublin, Ireland)
• Japan Dispaly Inc (Tokyo, Japan)

Segments covered in the report

By Application

• Rear Seat Entertainment
• Digital Instrument Cluster 
• Centre Stack
• Head-up Display

By Display Size 

• <5"
• 5" - 10"
• >10"

By Display Technology

• LCD
• TFT-LCD
• OLED
• Others

By Autonomous Driving

• Autonomous
• Semi- Autonomous

By Electric Vehicle

• BEV
• HEV
• FCEV
• PHEV

By Vehicle Class

• Economy
• Mid
• Luxury

By Vehicle Type

• Passenger car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By End User

• Commercial Vehicle
• Passenger Vehicle

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)