The global Smart Display market size was USD 12.7 billion in 2022 and is expected to reach a value of USD 21.8 Billion in 2032 and register a revenue CAGR of 6.2% during the forecast period. The rising demand for Advanced Driver Assistance Systems (ADAS) and in-vehicle infotainment (IVI) systems is responsible for the market’s expansion. The market for Smart Displays is expected to be driven by the growing popularity of electrified and connected vehicles as well as the trend towards autonomous driving.
By giving drivers information about the vehicle’s performance, safety alerts, and entertainment alternatives, smart displays have improved the driving experience. Advanced vehicle smart displays with voice recognition, touchscreen controls, and gesture recognition skills have been developed in response to rising consumer demand for a smooth and connected driving experience.
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The growing focus on safety features in automobiles is another factor driving the market for 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.
The demand for sophisticated Driver Monitoring Systems (DMS), which employ smart displays to track driver behavior and warn the driver when they are distracted or fatigued, is also driving the market.
The demand for environmentally friendly and energy-efficient solutions is another element influencing the market for vehicle smart displays. The development of electric and hybrid vehicles is a result of the government’s increased control of emissions and the public’s growing concern over environmental pollution. The automotive sector needs a sustainable and ethical answer, thus energy-efficient technology and environmentally friendly materials used in car smart displays are in great demand.
- Continental AG
- Visteon Corporation
- Denso Corporation
- Hyundai Mobis
- Panasonic Corporation
- Harman International
- LG Display Co., Ltd.
- Texas Instruments Incorporated
- Magna International Inc.
The global market is further segmented into type and application:
|By Display Size Outlook||
|By Display Technology Outlook||
|By Vehicle Type Outlook||
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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