The automotive smart display market has witnessed significant growth in recent years owing to the increasing demand for convenient and connected in-vehicle experience. Smart displays provide drivers and passengers with access to navigation, infotainment, rear-seat entertainment, and vehicle diagnostic functions through an easy-to-use touch interface. Key features of automotive smart displays include high-resolution screens, compatibility with smartphone connectivity standards like Apple CarPlay and Android Auto, and advanced display technologies that offer optimal visibility under different lighting conditions. The integration of smart displays in modern vehicles has enhanced driver convenience, safety, and overall travel experience.

The Global Automotive Smart Display Market is estimated to be valued at US$ 21.73 Bn in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Automotive Smart Display Market Size are Alps Alpine Co., Ltd., Continental AG, Delphi Automotive PLC, Denso Corporation, Hyundai Mobis, Japan Display Inc., LG Display Co. Ltd., Magna International Inc., Nippon Seiki Co., Ltd., Panasonic Corporation, Pioneer Corporation, Robert Bosch GmbH, SAMSUNG (HARMAN International), and Visteon Corporation. The growing demand for advanced driver assistance systems and connectivity solutions from manufacturers as well as customers is expected to drive the need for smart displays in vehicles. Leading automotive smart display suppliers are also expanding their global footprint to capitalize on the growing worldwide demand, especially in emerging markets like India and China.

Market Drivers

The increasing demand for in-vehicle information and entertainment systems is a key factor driving the automotive smart display market. Advanced displays cater to current expectations of seamless connected car experience and make long driving sessions more comfortable. Additionally, the rising adoption of electric vehicles and autonomous driving functionalities is compelling automakers to integrate superior displays for enhanced user interface and interaction with vehicle control systems. Growing demand for customized and immovable Information Display Modules from luxury and premium vehicle segments will further support the market growth over the forecast period.

Current Geopolitical Situation and Automotive Smart Display Market Growth

The automotive smart display market is facing challenges due to the current geopolitical uncertainties and economic slowdown around the world. Many countries are facing high inflation and decline in consumer spending power which is negatively impacting the sales of high-end luxury and premium vehicles that usually have advanced smart display systems.

The ongoing conflict between Russia and Ukraine is disrupting critical raw material supplies and supply chains for various automotive components including displays. Additionally, the sanctions on Russia are hampering Russian automakers' ability to procure display panels for their vehicles. This is likely to hamper the Russian automotive smart display market in the coming years.

The Covid lockdowns in China are creating production interruptions for automakers and display manufacturers. Since China is a major automotive production and export hub, the disruptions will affect vehicle and display panel supplies globally.

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