Automotive Smart Display Market Size Hit US$ 26.98 Bn by 2030

Automotive Smart Display Market size was valued at US$ 21.37 billion in 2020 and is anticipated to grow at a CAGR of 7.2% during forecast period 2021 to 2030.

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Report Coverage Details
Market Size US$ 26.98 billion by 2030
Growth Rate CAGR of 7.2% from 2021 to 2030
Base Year 2020
Forecast Period 2021 to 2030
Segment Covered CAGR of 7.2% during forecast period 2021 to 2030
Regional Scope North America, Europe, 
Companies Mentioned Alps Alpine Co., Ltd., Continental AG, Denso Corporation, Hyundai Mobis, Nippon Seiki Co., Ltd., Panasonic Corporation, Pioneer Corporation, Robert Bosch GmbH, SAMSUNG (HARMAN International), Visteon Corporation

Growth Factors

The growing demand for advanced safety features, automotive and cockpit electronics, and semi-autonomous and is expected to drive the market. The increasing demand for improved in-vehicle experience and the changing consumer buying behavior, along with the growth of luxury, premium, and high-end cars worldwide, are also expected to fuel the market demand over the forecast period.

The surge in demand for vehicle navigation and connectivity system in the automotive sector led to a growth in the usage of automotive visualization technology. The visualization technology has played a significant role in the advancement of the cockpit technology, which has led to the incorporation of interactive and smart displays in several vehicles launched by prominent

Report Highlights

The 5”-10″ display size segment accounted for the largest revenue share of 46.7% in 2020. 5”-10″ smart displays are used for applications, such as advanced instrument clusters, center stack touchscreen displays, and rear-seat entertainment touchscreen units. These display units integrate informatics and telecommunication technologies and make them available on single-touchscreen displays of 5”-10″. These display panels are compatible with a car’s operating systems, such as QNX software systems. In 2018, Visteon’s SmartCore cockpit domain controllers based on Blackberry/QNX and Qualcomm Snapdragon became the first ones installed in mass-produced passenger vehicles.

The greater than 10” smart display segment is projected to register the fastest CAGR of 9.2% from 2021 to 2028. The segment is majorly driven by applications in electric vehicles, premium cars, and semi-autonomous and autonomous cars. An increase in the demand for semi-autonomous, autonomous, and electric vehicles is expected to drive the demand for larger than 10″ smart displays. The greater than 10″ displays in electric vehicles enable the integration of every function onto one display. These displays make climate control, driving mode settings, suspension settings, and other driver-controlled functions available at the touch of a screen.

The TFT-LCD display segment accounted for the largest share of 53.4% in 2020. LCD and TFT-LCDs are commonly used in display applications as they meet the durability and temperature standards. Depending on the range of temperature required and the function of the display, manufacturers use a combination of TFT and LCD in a vehicle. 

The OLED display segment is expected to register the fastest CAGR of 10.3% from 2021 to 2028. Passenger cars with OLED displays are being showcased at various automotive exhibitions, however, the penetration rate is low compared to the LCDs in the consumer models.

The center stack display segment accounted for the largest share of over 40.0% in 2020. Center stack displays are infotainment systems that offer a range of interactive features, such as navigation, music, cabin temperature controls, and other information. Advancements in the field of self-driving and connected cars are expected to propel the demand for center stack displays in vehicles.

The Head-up Display (HUD) segment is projected to register the fastest CAGR of 8.7% over the forecast period. HUD is a transparent display that provides information in the driver’s line of sight without the need to look away from the road.

Asia Pacific accounted for the largest revenue share of over 50.0% in 2020 and is anticipated to witness the fastest growth over the forecast period. China accounted for around 50% of the passenger vehicle sales in the region.

The European market accounted for a considerable share in 2020. The region is a manufacturing hub for prominent automotive OEMs and premium vehicle manufacturers. Production activity in the region has been propelled by investments made by OEMs, such as Daimler, Jaguar Land Rover, Volkswagen, BMW, Nissan, and Honda. 

Key Players

  • Alps Alpine Co., Ltd.

  • Continental AG

  • Denso Corporation

  • Hyundai Mobis

  • Nippon Seiki Co., Ltd.

  • Panasonic Corporation

  • Pioneer Corporation

  • Robert Bosch GmbH

  • SAMSUNG (HARMAN International)

  • Visteon Corporation

Market Segmentation

  • Display Size Outlook 

    • Less than 5”

    • 5”-10”

    • Greater than 10”

  • Display Technology Outlook 

    • LCD

    • TFT-LCD

    • OLED

    • Others

  • Application Outlook 

    • Digital Instrument Cluster

    • Center Stack

    • Head-up Display (HUD)

    • Rear Seat Entertainment

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • Spain

    • Asia Pacific

      • China

      • Japan

      • India

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

The Automotive Smart Display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Smart Display market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Smart Display market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

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