Wilmington, Delaware, United States, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global automotive smart display market is estimated to flourish at a CAGR of 5.8% from 2023 to 2031. Transparency Market Research predicts that the total sales of automotive smart displays will amount to US$ 14.0 billion by the end of the aforementioned period of assessment. Emerging trends include the fusion of biometric sensors with smart displays, offering enhanced security and personalized experiences, unlocking vehicles via facial or fingerprint recognition.
Market dynamics are influenced by the integration of AI-driven predictive analytics into smart displays. These predictive systems analyze driver behavior, road conditions, and traffic patterns, providing proactive suggestions for navigation and driving assistance, revolutionizing the driving experience.
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The trend toward modular and upgradable smart display architectures remains underrated but impactful. This approach allows users to customize and upgrade display modules, enhancing functionality without replacing the entire system, catering to evolving consumer preferences.
The convergence of smart displays with vehicle health monitoring systems remains a subtle yet influential driver, enabling real-time diagnostics and predictive maintenance alerts, ensuring vehicle longevity.
Automotive Smart Display Market: Competitive Landscape
The automotive smart display market exhibits intense competition, with key players like Bosch, Continental AG, and Panasonic dominating the scene. These giants excel with innovative infotainment systems, augmented reality displays, and advanced driver-assistance systems (ADAS).
Rising contenders like Visteon Corporation and Denso Corporation intensify competition, emphasizing technological advancements and user-centric designs. Strategic collaborations and partnerships drive market expansions.
Regional players contribute niche expertise, catering to localized demands. With the growing emphasis on connected cars and integrating AI and IoT in vehicles, the market sees continuous advancements, fostering a fiercely competitive landscape in the automotive smart display sector. Some prominent manufacturers are as follows:
- ALPS ALPINE CO. LTD.
- AUO Corporation
- Clarion
- Continental AG
- Denso Corporation
- DESAY Industry
- Hyundai Mobis
- KYOCERA Display
- LG Electronics
- Nippon Seiki Co., Ltd.
- Panasonic Corporation
- Pioneer Corporation
- Robert Bosch GmbH
- Samsung Electronics Co., Ltd.
- Visteon Corporation
- Yazaki Corporation
Key Findings of the Market Report
- TFT-LCD technology is leading the automotive smart display market, offering versatile, high-resolution displays ideal for automotive applications and interfaces.
- Display sizes ranging from 5 inches to 10 inches lead the automotive smart display market, offering optimal visibility and functionality.
- SUVs are leading the automotive smart display market, integrating advanced infotainment and safety systems for enhanced driving experiences.
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Automotive Smart Display Market Growth Drivers & Trends
- Increasing consumer desire for connected cars drives the automotive smart display market, fostering demand for interactive infotainment systems and integrated connectivity solutions.
- Rising emphasis on advanced driver-assistance systems (ADAS) and in-vehicle safety technologies fuels the adoption of smart displays.
- Continuous innovations in display technologies, including AR-based heads-up displays (HUDs) and high-resolution touchscreens, enhance the market's growth.
- The growing adoption of electric vehicles propels the need for smart displays, integrating sophisticated user interfaces and intelligent vehicle management systems.
- Trends toward larger, customizable, intuitive displays cater to consumers' demand for seamless, user-friendly automotive interfaces.
Global Automotive Smart Display Market: Regional Profile
- North America leads the automotive smart display market with robust technological advancements. Companies like Visteon and Harman International dominate, offering sophisticated infotainment systems and digital clusters. The region's focus on advanced driver-assistance systems (ADAS) and in-vehicle connectivity further propels market growth.
- Europe showcases a thriving automotive smart display market led by Continental AG and Robert Bosch GmbH. The region emphasizes automotive innovation, leveraging augmented reality displays and advanced cockpit technologies. Stricter safety regulations encourage the integration of smart displays, ensuring enhanced driving experiences and safety features.
- Asia Pacific witnesses significant growth in the automotive smart display market, with players like Panasonic and LG Display leading innovation. Rapid urbanization and tech-savvy consumer bases in countries like Japan and South Korea drive market demand. The region's inclination towards electric vehicles and cutting-edge technology adoption fosters the deployment of smart displays, positioning Asia Pacific as a burgeoning market for automotive smart display technologies.
Product Portfolio
- DESAY Industry offers a diverse portfolio, specializing in automotive electronics and displays. Their products range from TFT-LCD screens and touch panels to car navigation systems, providing cutting-edge vehicle interiors and infotainment solutions.
- Hyundai Mobis focuses on automotive parts and solutions, offering numerous products such as chassis, modules, and lamp systems. Their portfolio includes advanced safety, lighting, and electronic components, ensuring innovation and reliability in the automotive industry.
- KYOCERA Display specializes in display technologies, providing LCDs, touchscreen panels, and optoelectronic components. Their product lineup includes high-resolution displays, automotive head-up displays, and industrial-grade touch solutions, delivering quality and innovation across various sectors.
Automotive Smart Display Market: Key Segments
By Display Technology
-
- LCD
- TFT-LCD
- OLED
- Others
By Display Size
-
- Less than 5 Inch
- 5 Inch to 10 Inch
- More than 10 Inch
By Vehicle Type
-
- Passenger Car
- Hatchback
- Sedan
- SUV
- Light Commercial Vehicle
- Heavy Duty Truck
- Bus and Coach
By Vehicle Class/Level of Autonomy
-
- Semi-autonomous/Manual Vehicle
- Economy
- Mid-class
- Premium/Luxury
- Autonomous Vehicle
By Application
-
- Digital Instrument Cluster
- Center Stack Display
- Head-up Display
- Rear Seat Entertainment
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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