Claim 30% Off Global Market Reports With Code ONLINE30 – Insights on Tariff Effects, Global Trade, and Industry Disruptors

What CAGR And Valuation Are Anticipated For The Automotive Smart Display Market?

The automotive smart display market has seen solid growth in recent times. Its size is projected to stretch from $10.7 billion in 2024 to $11.56 billion in 2025, marking an 8.0% compound annual growth rate (CAGR). The noticeable increase during the historic period has been spurred by a rise in consumer interest for state-of-the-art infotainment systems, expansion in automotive industry focusing on in-car connectivity, implementation of advanced driver assistance systems (ADAS), strict safety standards fostering the introduction of smart displays, and escalating demand for increased safety, convenience, and comfort in vehicles.

Rapid expansion is predicted for the automotive smart display market size in the coming years, with an expected growth to a value of $16.93 billion in 2029 at a compounded annual growth rate (CAGR) of 10.0%. Numerous factors contribute to this anticipated growth in the forecast period, such as widespread adoption of OLED panels, an increase in the manufacture of both passenger and commercial vehicles, the rise of luxury and high-end car sectors, the broadening of the connected car network, along with a heightened demand for autonomous and electric vehicles. The forecast period also suggests key trends, including the evolution of larger, more encompassing display screens, the incorporation of voice recognition and gesture-controlled operation to enable hands-free use, display interface personalization for a custom driving experience, partnerships between auto manufacturers and tech corporations, and progression in automotive electronic modules and electronic control units.

Get A Free Sample Of The Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=6123&type=smp

What Core Drivers Are Expected To Influence The Automotive Smart Display Market?

The upward trajectory of the automotive smart display market is predicted to be spurred on by the growing need for semi-autonomous and fully autonomous vehicles. Self-driving vehicles with partial or full autonomy have the capability to speed up, slow down and halt without the requirement for human involvement. Smart displays, indispensable in such vehicles, have the function to identify other cars. By presenting the vehicles and objects in the rear, smart displays provide substantial assistance during reverse maneuvers. Highlighting this trend, a study from the Insurance Institute for Highway Safety, a non-profit entity from the U.S., predicted in December 2022 that around 3.5 million self-driving cars will be omnipresent on U.S. streets by 2025. Additionally, by 2030, this number is projected to rise to 4.5 million. Hence, the escalating demand for semi-autonomous and fully autonomous vehicles triggers the expansion of the automotive smart display market.

What Are The Main Segment Classifications In The Automotive Smart Display Market?

The automotive smart displaymarket 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

How Are Industry Trends Steering The Expansion Of The Automotive Smart Display Market?

Leading businesses in the automotive smart display industry are concentrating on the creation of cutting-edge devices, such as head-up displays, to improve interaction with drivers, enhance navigation services, and deliver real-time data. A head-up display (HUD) is a clear digital display that projects crucial data, like speed or navigation, directly onto the windshield or a transparent screen within the driver’s viewing range, thereby enabling them to access data without diverting their gaze from the road. For example, in May 2023, Raythink, a company based in China that manufactures augmented reality head-up displays, rolled out the intelligent vehicle AR-HUD solution. This display is unique due to its utilization of the OpticalCore picture creation unit and wave-layer 3D technology, which allows it to project a fully 3D image visible to the naked eye with depth, offering enhanced and futuristic 3D effects for a superior driving experience. Contrary to conventional thin film transistor and digital light processing solutions, OpticalCore uses laser beam scanning as a light source, resulting in a wider view covering three lanes, higher image contrast without any effects of light window or solar loading, and remarkably decreased costs and energy consumption.

Which Companies Are Contributing Significantly To The Automotive Smart Display Market Growth?

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

Access The Complete Report Here:

https://www.thebusinessresearchcompany.com/report/automotive-smart-display-global-market-report

Which Region Holds The Greatest Opportunity For Automotive Smart Display Market Expansion?

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

Customize Your Report Here:

https://www.thebusinessresearchcompany.com/customise?id=6123&type=smp

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 310-496-7795

Asia +44 7882 955267 & +91 8897263534

Europe +44 7882 955267

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model