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The global automotive smart display market size was valued at USD 13.92 billion in 2022. The market is projected to grow from USD 14.72 billion in 2023 to USD 23.37 billion by 2030, exhibiting a CAGR of 6.8% during the forecast period.
Fortune Business Insights™ presents this information in its report titled, “Automotive Smart Display Market Size, Share & COVID-19 Impact Analysis, By Size (Upto 5, 5" to 10", and Above 10"), By Display Technology (LCD, TFT-LCD, and LED), By Application (Digital Instrument Cluster, Center Infotainment, Head-up Display, and Rear Seat Entertainment), By Vehicle Class (Standard-segment, Mid-segment, and Luxury), and Regional Forecast, 2023-2030”.
Smart displays are electronic devices consisting of touch screens, gesture control systems, voice-enabled control systems, and connectivity systems, providing users with convenient entertainment, navigation, communication, and other functions. The rising demand for advanced features, including multimedia systems, connected vehicle functions, navigation systems, and better communication between vehicle and driver, will drive this market sector during the forecast period.
COVID-19 Pandemic Hampered Market Growth due to Shutdown of Vehicle Production Globally
The COVID-19 pandemic hampered the automotive smart display market growth. The global shutdown in vehicle manufacturing and a significant reduction in vehicle demand affected vehicle display demand. However, the increase in semi-autonomous, connected, and autonomous vehicles and technological advancements in vehicles with intuitive interfaces contributed to the market’s recovery.
Continental AG Introduced its Upcoming Automotive Displays at the Mobility Tech Expo
In June 2023, Continental AG introduced its upcoming automotive displays at the Mobility Tech Expo. The company has technologically upgraded its products, including a wider screen central display and a scenic view head-up display capable of having local dimming technology and indicating all critical information. Continental AG also claims to launch a new face authentication feature in its displays.
Growing Smartphones Integration with Vehicle Infotainment Systems to Drive Market Growth
The rapidly growing integration of smartphones with infotainment systems, including Apple CarPlay, Spotify, and Android Auto, will drive market growth. Moreover, increasing use of operating systems having voice support systems such as Apple Siri & Google Assistant provides users with hand-free experience. These features are anticipated to increase the product demand and drive market growth during the forecast period.
The rising cyber-attack risk due to adopting these advanced technologies may hamper the market.
Increasing Collaborations between Key Players to Drive Market Growth
The collaborations between automotive OEMs and semiconductor suppliers have been a key business strategy, helping the companies to strengthen their market position. Moreover, prominent market players such as Continental focus on investment strategies to expand its display production plants.
Notable Industry Development
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List of Key Companies Profiled in the Report:
Further Report Findings:
Table of Segmentation:
CAGR of 6.8% from 2023-2030
Value (USD Billion)
By Display Technology
By Vehicle Class