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Automotive Smart Display Market Forecast, 2028 | Industry Report

Automotive Smart Display Market Analysis Report By Display Size, By Display Technology, By Application And Segment Forecasts From 2021 To 2028

Report ID: MN17620238  |  Published: May 2021  |  No of Pages: 110
Format: Electronic (PDF)  |  Industry: Automotive and Parts  |  Publisher: Grand View Research

Synopsis

With reference to the report published, the global automotive smart display market size was prized by USD 11.37 billion in 2020. It is estimated to witness a 6.2% CAGR from 2021 to 2028.

Drivers

The rising insistence for sophisticated utilities, such as driver assistance, navigation, multimedia systems, and driver-to-vehicle communication are the factors, expected to increase the usage of the automotive smart display. Besides, the increasing demand for better convenience, comfort, and safety, in automobiles, particularly in established and budding markets, is expected to push the enlargement of the market for the automotive smart display, during the forecast period.

US automotive smart display market

The augmentation in the demand for the semi-autonomous and autonomous vehicle technology plus the enlargement of the high-end as well as luxury car division, particularly in the rising markets, is furthermore anticipated to present the development opportunities to the market during the forecast period.

Effect of Covid-19

Owing to the COVID-19 eruption, the global market has experienced a huge hindrance, unconstructively impacting vehicle manufacture. The consequences of the COVID-19 pandemic have caused a disturbance in the supply chain by way of stopping the functioning of the numerous manufacturing amenities. The eruption has harmfully influenced the trade of commercial as well as passenger vehicles, consequently influencing the demand for automotive smart displays.

In the earlier period, the European Union (EU) market has directed the trade of automotive smart displays. Then again, owing to a fall in automotive trades in recent times the acceptance percentage has observed deterioration. Because of the financial motivation packages and native limitations, Europe is anticipated to undergo various revival phases.

Consistent with the German Association of the Automotive Industry (VDA), in Europe, 5.1 million passenger cars were listed in the opening half of 2020. It was 39% less in contrast to 2019. Additionally, as different from the last year the transaction of the passenger vehicles in the U.S. abridged by approximately 26% in 2020.

Display Technology Insight

The TFT-LCD display sector held the major 53.4% share of the automotive smart display market, in 2020. Usually, TFT-LCDs, as well as LCD, are utilized in display function, since they meet up the standards of high temperature along with sturdiness.

The OLED display sector is estimated to record the top 10.3% CAGR in the period of the forecast. The passenger cars with OLED displays are being publicized at the different automobile trade fairs. But, in contrast to the LCDs, the infiltration percentage of OLED is small in the end-user models. Furthermore, OLED automotive smart display arrangements are anticipated to observe, earlier acceptance, as compare to additional display technologies, during the forecast period.

Display Size Insight

The 5''-10" display size section held the principal 46.7% revenue share of the automotive smart display market, in 2020. 5''-10" smart displays are utilized for applications, like touch screen units for rear-seat entertainment, sophisticated instrument clusters, and the center stack touch screen displays. These display units, put together, telecommunication plus the informatics machinery and create them accessible on single-touch screen displays of 5''-10".

The above 10” smart display section is likely to record the highest 9.2% CAGR, throughout the forecast period. Mainly the section is provoked by its use in autonomous as well as semi-autonomous cars, electric vehicles, and premium cars. The rise in the demand for electric vehicles, autonomous, and semi-autonomous vehicles is estimated to impel the requirement for above 10" smart displays.

In electric vehicles, the above 10" displays facilitate the incorporation of each utility on top of one display. These displays make available the various functions by the stroke of a screen, such as suspension settings, driving mode settings, and climate control.

Application Insight

The center stack display sector retained more than 40.0% share of the automotive smart display market, in 2020. These are the infotainment arrangements, which present a variety of interactive elements like cabin temperature controls, navigation, music, plus additional information. The development in the self-driving sector and linked cars are anticipated to boost the demand for the center stack displays in automobiles.

Global automotive smart display market

Additionally, a number of automotive manufacturing companies are planning for presenting sophisticated center stack display resolution in economical as well as mid-segment automobile options, in this manner inspiring the expansion of the sector.

The Head-up Display (HUD) sector is estimated to record the highest 8.7 % CAGR, during the forecast period. Head-up Display (HUD) is a translucent display. It offers information in the line of sight of the driver, with no necessity to stare away from the road. The incorporation of modern solutions, like global positioning systems and augmented reality, with the head-up display system, is expected to propel the sector, throughout the forecast period.

Regional Insight

The automotive smart display market in Europe held a substantial revenue share, in 2020. Europe is the manufacturing center for well-known automotive OEMs, along with the top vehicle manufacturing companies. The manufacturing actions, within the region, have been pushed by the funding done by the OEMs companies, like Honda, BMW, Jaguar Land Rover, Nissan, Volkswagen, and Daimler. The popular top automobile manufacturing companies, within the region, have set up sophisticated automotive electronics systems in their models. This is estimated to power the expansion of the market in Europe.

The Asia Pacific held more than 50.0% revenue share of the global market for automotive smart displays in 2020. It is expected to observe the highest enlargement, during the forecast period. China is responsible for approximately 50% of the trade of passenger vehicles, within the region. The nation has appeared ahead in the manufacture and sales of the passenger car. A number of important companies, operating within the region comprise Hyundai Mobis, Alps Alpine Co., Ltd., and Panasonic Corporation.

The existence of a restricted number of manufacturing companies generates considerable openings for the investment, used for the local dealers, to get the benefit of the native demand, creating the region the desirable market for the shareholders.

Companies

The major companies present a broad span of components for the automotive smart display. For example, head-up display unit, center stack display, digital instrument cluster, rear-seat entertainment system, and digital cockpit system, for commercial as well as passenger vehicles.

The companies are concentrating on offering technically sophisticated products to increase their product contributions in the market. The companies are taking on the planned programs like mergers & acquisitions, partnerships, joint ventures as well as provincial growth, in the market.

Some of the companies for the automotive smart display market are:

• SAMSUNG (HARMAN International)
• Pioneer Corporation
• Nippon Seiki Co., Ltd.
• Denso Corporation
• Alps Alpine Co., Ltd.
• Visteon Corporation
• Robert Bosch GmbH
• Panasonic Corporation
• Hyundai Mobis
• Continental AG

Report Scope

Report Attribute

Details

The market size value in 2021

USD 11.14 billion

The revenue forecast in 2028

USD 16.98 billion

Growth Rate

CAGR of 6.2% from 2021 to 2028

The base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative Units

Revenue in USD billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Display size, display technology, application, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; Spain; China; Japan; India; Brazil; Mexico

Key companies profiled

Alps Alpine Co., Ltd.; Continental AG; Denso Corporation; Hyundai Mobis; Nippon Seiki Co., Ltd.; Panasonic Corporation; Pioneer Corporation; Robert Bosch GmbH; SAMSUNG (HARMAN International); Visteon Corporation

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail of customized purchase options to meet your exact research needs. 


Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For this study, Million Insights has segmented the global automotive smart display market report by display size, display technology, application, and region:

• Display Size Outlook (Revenue, USD Billion, 2016 - 2028)
    • Less than 5''
    • 5''-10''
    • Greater than 10''

• Display Technology Outlook (Revenue, USD Billion, 2016 - 2028)
    • LCD
    • TFT-LCD
    • OLED
    • Others

• Application Outlook (Revenue, USD Billion, 2016 - 2028)
    • Digital Instrument Cluster
    • Center Stack
    • Head-up Display (HUD)
    • Rear Seat Entertainment

• Regional Outlook (Revenue, USD Billion, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • Spain
    • The Asia Pacific
        • China
        • Japan
        • India
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

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