Global Automotive Smart Display
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global Automotive Smart Display Market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of XX from 2024 to 2031.
• North America held the major market of more than XX of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX from 2024 to 2031.
• Asia Pacific held the second highest market around XX of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX from 2024 to 2031.
• The rise in technological advancements in autonomous vehicles and Increasing awareness among consumers for safety are the main growth drivers for the Automotive Smart Display Market.
• High costs for the smart displays are a restraint for the Automotive Smart Display Market.
• Increasing R&D Investments in automotive technology is seen as an opportunity for the market.
• Based on the Automotive Smart Display Technology segment, Thin-film Transistor Liquid Crystal Display (TFT-LCD) dominated the market and held the largest market share.
• Based on the Automotive Smart Display Size Segment, 5’-10” dominated the market and held the largest market share.
• Based on the Automotive Smart Display Vehicle Type, Passenger Vehicles dominated the market and held the largest market share.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Type |
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Market Split by Application |
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Market Split by Vehicle Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Smart Display industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Smart Display Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An increasingly significant component of the Automotive smart display market is the automobile sector. The displays are always changing and are becoming more and more important when it comes to decorating the inside of cars. In-car displays have evolved from being limited to dashboards to being an essential component of smart feature-rich vehicle operations. In-car displays, which come with infotainment systems, touchscreens and gesture controls, and onboard navigation, are examples of vertical integration of various technologies. Consequently, all of the information is available digitally. Automotive smart display demand is influenced by a number of factors, including the emergence of autonomous vehicles, shifts in customer preferences, advancements in cockpit electronics technology, and trends in the automotive industry. Furthermore, the ability to provide key driver assistance features on a single touchscreen platform is made possible by smart displays.
Vehicles these days have integrated smart technology systems with several features and monitoring solutions which have led to an increase in demand for the automotive smart display market. The use of AI the smart display functions has led to a rise in investment and the need to install them in vehicles due to increased safety. The growing focus on safety features in automobiles is another factor driving the market for automotive smart displays. The need for smart displays has increased as a result of the integration of ADAS systems in automobiles, such as collision avoidance and lane departure warning systems. Smart display systems have resulted in enhanced user experience in driving cars by enabling them to watch their vehicles from a distance with the help of technology. For instance, in 2021, Volvo partnered with an Israeli nanotech start-up called Spectralics to develop their mixed-reality display, which reportedly includes a novel thin optical film as part of the imaging system, so images and virtual objects are transparent and can be overlaid. The rising trend of autonomous driving is expected to increase demand for in-car smart displays that can give the driver and passengers real-time information. The integration of smart displays and AI technology has encouraged manufacturers to combine interior and exterior smart displays which provides an enhanced experience for the driver. Therefore, technological advancements are a key growth driver of the automotive smart display market
Regarding technological readiness, tech players and start-ups will likely also play an important role in the development of autonomous vehicles. Regulation and consumer acceptance may represent additional hurdles for autonomous vehicles. With the development of connectivity and eventually autonomous technology, cars will more and more serve as platforms from which drivers and passengers may utilize their travel time to engage in other personal activities or to consume cutting-edge media and services. Cars will need to be upgradeable due to the speed at which innovation is happening, particularly in software-based systems. The increasing prevalence of shared mobility options with shorter life cycles, along with customers' ongoing awareness of technical advancements, will drive increased demand for upgradability in privately used automobiles. The introduction of ADAS into the market has demonstrated that the main obstacles to a quicker market penetration rate are related to safety and security concerns, customer comprehension, and affordability. For instance, In 2021, Bosch announced the development of its digital rear-view mirror technology, which uses cameras to provide a real-time video feed of the area behind the vehicle, improving visibility and safety. Thus, the increased awareness among the consumers is seen as a growth driver.
Advanced display systems may not be affordable for all consumers making it a luxury good for people with lower disposable income. Autonomous vehicles are usually very costly due to the self-driven technology which includes many features. This pricing may not be affordable for everyone as the prices of the display systems increase with the cost of vehicles.
Additionally, when the price of vehicles increases, so do the installation expenses. Some automakers may decide not to use car smart displays as they need a large upfront investment, including research and development expenses, for the integration of modern display technology. For instance, in 2020, Visteon Corporation announced the release of their most recent SmartCore cockpit domain controller. This controller combines many vehicle tasks in a single system, boosting productivity and cutting expenses. The market for vehicle smart displays is thus constrained by the expense of smart displays.
The emergence of autonomous smart display systems has decreased the usage of public transportation platforms while providing personal mobility to hitherto untapped user bases. The world's driving experience has improved and the frequency of accidents has decreased because to modern technologies like artificial intelligence (AI), the Internet of Things (IoT), and others. The automotive sector is making significant investments in the development and production of smart displays, which is driving the market for automotive smart displays. The market has expanded rapidly due to the development of advanced technologies in developing nations and the adoption of such technologies by the general public. The launch of 5G technology will also boost the demand for smart displays by the consumers which will increase the market share resulting in rising investments in the industry. For instance, In 2020, Denso Corporation announced the development of its next-generation digital cockpit platform, which integrates various features, such as advanced driver assistance systems, entertainment, and navigation. Therefore, Increasing R&D Investments in automotive technology are seen as an opportunity for the automotive smart display market.
COVID-19 had a severe impact on the automotive smart display market as the automotive industry was majorly affected. declining demand or a lack of parts in the supply chain, and job losses, there was a major impact on automotive production and further affected the GDP of the nations. This also included a prolonged truncation of demand due to national lockdowns and a slow-down of supplies as manufacturing plants temporarily closed. The pandemic-induced lockdown resulted in the shutting down of production at original equipment manufacturers (OEM). It also led to disruption of the entire value chain of major industries in India, and therefore negatively affected the production of auto spare parts in micro, small, and medium-sized industries. For instance, in 2021, Hyundai announced Elantra in early March through a live stream. Leveraging video content that helped bring its features to life, Hyundai captured the interest of viewers watching from the safety of their homes. The initial tease video, live stream, and walk-around clip garnered nearly 800,000 combined views.
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Competitive Landscape includes company profiling of the key manufacturers listed below. It also provides the key developments such as new product launches, expansion, mergers & acquisitions, partnerships, agreements, joint ventures, business overview, key strategies and financial analysis associated with the key players. Strategy implemented to overcome the COVID-19 Impact will be discussed in the report scope. Key players Financials includes Revenue (USD Million), Gross Margin (%) and Market Share (%) (2019- 2023), S.W.O.T Analysis, (To read more request the sample pages Or speak to analyst/author directly).
Top Companies Market Share in Automotive Smart Display Industry: (In no particular order of Rank)
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Region and country analysis section of Automotive Smart Display Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Automotive Smart Display market.
The current report Scope analyzes Automotive Smart Display Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Automotive Smart Display Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Smart Display Industry growth. Automotive Smart Display market has been segmented with the help of its Type, Application Vehicle Type, and others. Automotive Smart Display market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the Smart size display segment, the market is bifurcated into Up to 5” , 5’-10” and Over 10 inches. 5’-10´segment is expected to dominate the market. The most common vehicles that have 5 "-10" smart displays installed are SUVs and midsize cars. The adoption of autonomous and semiautonomous vehicles in the 5" to 10" inch size bracket is being accelerated by the rising coupling of electronic systems with safety and security features and the expanding use of in-vehicle smart display applications. Because there is growing use of medium-sized vehicles this segment is predicted to grow more over the years.
In addition, there's a rising demand for screens that pack additional data into less area as cars get smaller and more sophisticated. The availability of smaller smart screens that can yet offer a variety of functions and information makes them an effective answer to this issue. For instance, In August 2023, Hyundai, unveiled the all-new Santa Fe, which has a 12.3-inch Panoramic Curved display for enhanced visibility and consumer experience.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Smart Display Industry. Request a Free Sample PDF!
Based on the Automotive Smart Display Technology segment, market is bifurcated into, Liquid Crystal Display (LCD), Thin-film Transistor Liquid Crystal Display (TFT-LCD), and Others. The (TFT-LCD) is expected to dominate the market and have a larger market share. Because of its broad use in a variety of consumer electronics products, including TVs, monitors, and smartphones, this sector is expected to continue to be the leading technology. High resolution, color accuracy, and low power consumption are all characteristics of LCDs. In addition, LCD screens are less expensive than competing technologies like OLED. The LCD market is expected to have consistent revenue growth as consumer electronics demand rises. In the TFT-LCD segment, Gaming and other fast-paced applications benefit greatly from the high refresh rates of TFT-LCD panels, a subtype of LCDs. TFT-LCD displays are frequently found in computer monitors and smartphones, and as the market for high-performance displays grows, it is expected that the TFT-LCD category will see significant revenue growth. They Provide higher resolution and better color reproduction compared to standard LCDs. The OLED segment is expected to grow rapidly in the upcoming years as they offer superior contrast ratios, faster response times, and thinner form factors, suitable for premium vehicle models. For instance, in 2023, Mini launched its next-gen mini models with a digital AI assistant and a round OLED display. It will have a 9.4-inch OLED screen with customizable software.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Smart Display market report 2024 Edition by contacting our team.
Based on the Automotive Smart Display Vehicle segment, the market is bifurcated into, Passenger Vehicles and Commercial Vehicles. The Passenger Vehicles segment is expected to dominate the market and have a larger market share. The passenger vehicles segment is driving high because of the increased awareness of the smart display in the vehicles with the increasing demand from consumers worldwide. One more factor that boosts the market growth is luxurious cars and premium manufacturing of vehicles in the automobile industry. Smart displays in the vehicles can reduce the number of road accidents taking place. Smart displays are more widely utilized in the automobile industry in the world for developing and manufacturing smart displays. On smart displays, functions are performed by a single touch screen. The automobile industry working on more developments with increased research and developments in the automotive smart display market. For instance, In 2020, Hyundai Mobis announced the launch of its new smart cockpit platform, which provides an intuitive and customizable user interface, integrating various vehicle functions, such as entertainment, climate control, and safety features.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Smart Display Market is witnessing significant growth in the near future.
In 2023, the 3 5 segment accounted for noticeable share of global Automotive Smart Display Market and is projected to experience significant growth in the near future.
The LCD segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Continental, DENSO and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | 3 5, 4 6, >10 |
Application | LCD, TFT LCD, Others |
Vehicle Type | Passenger Vehicles, Commercial vehicles |
List of Competitors | Continental, LG Display, DENSO, Panasonic Corporation, Magna International, Automotive, YAZAKI Corporation, Kyocera International, Pioneer Corporation, Alpine Electronics |
This chapter will help you gain GLOBAL Market Analysis of Automotive Smart Display. Further deep in this chapter, you will be able to review Global Automotive Smart Display Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Automotive Smart Display Market Trends North America Automotive Smart Display Technological Road Map North America Automotive Smart Display Market Drivers North America Automotive Smart Display Market Restraints North America Automotive Smart Display Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Vehicle Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Smart Display market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why 3 5 have a significant impact on Automotive Smart Display market? |
What are the key factors affecting the 3 5 and 4 6 of Automotive Smart Display Market? |
What is the CAGR/Growth Rate of LCD during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Smart Display Market? |
Which region is expected to dominate the global Automotive Smart Display Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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