Smart Display Market - Forecast(2025 - 2031)

Report Code: AM 38641 Report Format: PDF + Excel

Smart Display Market Overview

Smart Display Market Size is forecast to reach $ 28915.99 Million by 2030, at a CAGR of 21.05% during forecast period 2024-2030. The growth is mainly attributed to the increasing adoption of smart signage displays in automotive and consumer electronic industries and is poised to drive the smart display industry. Growing demand of remote devices and integration of smart displays in them set to provide opportunities to smart display market during forecast period. High demand for smart mirrors from the automotive industry, new and innovative features offered by smart mirrors, an increasing number of internet users and growing adoption of smart devices according to consumer preferences, surging demand for AI-powered and IoT-enabled smart home appliances, increasing trend of context-aware signage, and growing adoption of smart signage in retail sector are the key driving factors for the smart display market.

Report Coverage

The report: “Smart Display Market Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Smart Display Market.
 
By Vehicle Type: Light Duty Vehicle (LDV), Heavy Duty Vehicle (HDV)
 
By Display Technology: LCD, TFT-LCD, Others
 
By Display Size: Upto 5”, 5”-10”, >10”
 
By Level of Autonomous Driving: Conventional, Semi-Autonomous
 
By Geography: North America (U.S., Canada and Mexico); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of Europe); South America (Brazil, Argentina, Rest of Americas); RoW (Middle East & Africa)

Key Takeaways

  • APAC dominated the Smart Display market in term of revenue in 2023 owing to high adoption of smart displays in automobile and smart home appliances.
  • The display function, combined with other active and passive safety systems, assists vehicle drivers in avoiding crashes and protects passengers during accidents.
  • Growing demand for portable LCD displays, touch screen, and voice command devices have increased the smart home appliances which further drive the smart display market.
  • High cost of smart displays and offering luxurious automotive electronics at low price becomes a major challenge and hampers the growth of the market.
Smart Display Market, By Region, 2020
 
 
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Smart Display Market Segment Analysis - Vehicle Type

Light Duty Vehicle held the major market share of 52.91% in 2023 owing to the rapid increase in the adoption of safety and comfort systems in passenger cars which is set to drive the smart display market in this sector. Additionally increasing investments of production of electric cars, autonomous vehicles with advancements in technology have further increased the demand for smart displays, thereby driving the market. 

Smart Display Market Segment Analysis -  Level of Autonomous Driving

Semi-Autonomous Vehicles is the fastest growing segment in Smart Display market and estimated to grow at a CAGR of 21.05% during the forecast period 2024-2030. Advancements and increase in research and development activities in automobile industry set to provide opportunities for smart displays in semi-autonomous vehicles. The growth is mainly attributed to the increase in electrification of vehicle components and use of smart components that assist the drivers in safe drive, thereby driving the market during forecast period.

Smart Display Market Segment Analysis - By Geography

APAC dominated the Smart Display market in 2023 with a market share of 45%, followed by North America and Europe. As APAC is the manufacturing hub for automotive and consumer electronics industries, there is high adoption of smart displays in these industries which set to drive the market. For instance, In 2019 July, LG Display Co., Ltd announced an investment of $2.6 billion in OLED panel plant in South Korea. According to International Organization of Motor Vehicle Manufacturers (OICA), sales of new vehicles has been increasing in countries such as China, India and other countries. Increasing investments on smart home devices such as smart TVs and other home appliance have been driving the smart display market in this region.

Smart Display Market Drivers 

Implementation of AI in smart home devices and increasing demand for IoT enabled smart appliances.

With the adoption of advanced technologies including automation in automobile industry, there has been growing demand of advanced vehicles which are equipped with latest components such as Smart Display systems. The installation of advanced Smart Display system in commercial vehicles has increased comfort level while driving and assists in reducing driver fatigue during long journeys. According to International Organization of Motor Vehicle Manufacturers (OICA), the production of commercial vehicles at global level has been increased from 22.87 million to 24.63 million during 2016-2019 period. These factors has increased the demand for commercial vehicles sales thereby driving Smart Display market.

Upsurge in Demand for Smart Mirrors in Automotive Industry

The growing demand for higher safety, comfort and convenience is boosting the demand for connected vehicles with advanced technologies. Smart Mirrors are used in automotive for a variety of applications including temperature display, Bluetooth and hands-free connectivity, navigation, turn signals, and microphone. Increasing demand for smart display mirrors in the automotive industry is driving the global smart display market. The connected cars are largely using this device due to availability of other supporting equipment.  Hence with growing number of connected cars, the demand for smart mirrors are likely to shoot up during forecast period.  The sales of connected car increased by approximately 45% during 2018-2019 to reach 51.1 million unit in 2019.

Smart Display Market Challenges 

Higher cost and compatibility issues of smart display to hamper the market growth.

The increasing demand from consumers for driving comfort and safety features in cars has created an opportunity for automakers to embed the display panel in the rearview and side-view mirrors. Currently, rearview mirrors are offered in both aftermarket and OEM-fitted cases. However, a majority of the smart display mirrors are shipped in the aftermarket segment and a minor portion is in OEM-fitted segment. Advanced Technologies as such integrated in automotive is way more expensive. Every Smart Home display gadgets may not be compatible with other home devices. These drawbacks are likely to slow down the Smart Display Market

Market Landscape

Product Launches, Acquisitions, and R&D activities are key strategies adopted by players in the Smart Display market. Smart Display top 10 companies include Continental AG, Denso Corporation, Magna International Inc, Valeo SA, Samsung, LG Electronics, Panasonic Corporation, Japan Display Inc, Nippon Seiki Co., Ltd, Alpine Electronics, Robert Bosch GmbH and others.

Acquisitions/Technology Launches

  • In December 2023, Samsung had launched its new MicroLED display. It is India’s most expensive led Screen which costs approximately $1.58 million. Development of advanced products set to increase the smart display market share.
  • In November 2023, LG had launched smart display LG XBoom AI ThinQ Wk9. This display has 5 MP camera for video calling and other services. This is poised to drive the market.
 
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1. Smart Display Market Overview
    1.1   Definitions and Scope
2. Smart Display Market   - Executive Summary
    2.1   Market Revenue, Market Size and Key Trends by Company
    2.2   Key trends By Vehicle Type
    2.3   Key trends By Display Technology
    2.4   Key trends segmented by Geography
3. Smart Display Market – Market Landscape
    3.1   Comparative Analysis
    3.1.1   Product/Company Benchmarking-Top 5 Companies
    3.1.2   Top 5 Financial Analysis
    3.1.3   Market Value Split by Top 5 Companies
    3.1.4   Patent Analysis
    3.1.5   Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Smart Display Market – Industry Market Entry Scenario Premium 
    4.1   Regulatory Scenario
    4.2   Ease of Doing Business Index
    4.3   Case Studies
    4.4   Customer Analysis
5. Smart Display Market – Startup Company Scenario
    5.1   Venture Capital and Funding Scenario
    5.2   Startup Company Analysis
6. Smart Display Market - Market Forces
    6.1   Market Drivers
    6.2   Market Constraints
    6.3   Porters five force model
        6.3.1   Bargaining power of suppliers
        6.3.2   Bargaining powers of customers
        6.3.3   Threat of new entrants
        6.3.4   Rivalry among existing players
        6.3.5   Threat of substitutes
7. Smart Display Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1   Value Chain Analysis
    7.2   Opportunities Analysis
    7.3   Product Life Cycle/Market Life Cycle Analysis
8. Smart Display Market – By Vehicle Type (Market Size -$Million/Billion)
    8.1 Light Duty Vehicle
    8.2 Heavy Duty Vehicle
9. Smart Display Market – By Display Technology (Market Size -$Million/Billion)
    9.1 LCD
    9.2 TFT-LCD
    9.3 Others
10. Smart Display Market – By Display Size (Market Size -$Million/Billion)
    10.1 Upto 5’’
    10.2 5-10’’
    10.3 > 10’’
11. Smart Display Market – By Level of Autonomous Driving (Market Size -$Million/Billion)
    11.1 Conventional
    11.2 Semi-Autonomous
12. Smart Display Market - By Geography (Market Size -$Million/Billion)
        12.1North America
        12.1.1  U.S
        12.1.2  Canada
        12.1.3  Mexico
    12.2 South America
        12.2.1  Brazil
        12.2.2  Argentina
        12.2.3  Chile
        12.2.4  Colombia
        12.2.5  Others
    12.3 Europe
        12.3.1  Germany
        12.3.2  France
        12.3.3  UK
        12.3.4  Italy
        12.3.5  Spain
        12.3.6  Russia
        12.3.7  Netherlands
        12.3.8  Others
    12.4 APAC
        12.4.1  China
        12.4.2  Japan
        12.4.3  South Korea
        12.4.4  India
        12.4.5  Australia
        12.4.6  Indonesia
        12.4.7  Malaysia
        12.4.8  Others
    12.5 RoW
        12.5.1  Middle East
        12.5.2  Africa
13. Smart Display Market - Market Entropy
    13.1   New product launches
    13.2   M&A's, collaborations, JVs and partnerships
14. Smart Display Market – Industry Competitive Landscape 
    14.1 Market Share – Global
    14.2 Market Share by Region
    14.3 Market Share By Vehicle Type
    14.4 Market Share By Display Technology
15. Smart Display Market – Key Company List by Country Premium 
16. Smart Display Market - Company Analysis
    16.1   Company 1
    16.2   Company 2
    16.3   Company 3
    16.4   Company 4
    16.5   Company 5
    16.6   Company 6
    16.7   Company 7
    16.8   Company 8
    16.9   Company 9
    16.10 Company 10

LIST OF TABLES

1.Global Smart Display Market for Automotive By Region & Application Market 2023-2030 ($M)
2.Global Smart Display Market for Automotive By Display Size Market 2023-2030 ($M)
2.1 5-Mar Market 2023-2030 ($M) - Global Industry Research
2.2 10-Jun Market 2023-2030 ($M) - Global Industry Research
3.Global Smart Display Market for Automotive By Display Technology Market 2023-2030 ($M)
3.1 LCD Market 2023-2030 ($M) - Global Industry Research
3.2 TFT-LCD Market 2023-2030 ($M) - Global Industry Research
4.Global Smart Display Market for Automotive By Level of Autonomous Driving Market 2023-2030 ($M)
4.1 Conventional Market 2023-2030 ($M) - Global Industry Research
4.2 Semi-Autonomous Market 2023-2030 ($M) - Global Industry Research
5.Global Smart Display Market for Automotive By Vehicle Type Market 2023-2030 ($M)
5.1 Light Duty Vehicle Market 2023-2030 ($M) - Global Industry Research
5.2 Heavy Duty Vehicle Market 2023-2030 ($M) - Global Industry Research
6.Global Smart Display Market for Automotive By Region & Application Market 2023-2030 (Volume/Units)
7.Global Smart Display Market for Automotive By Display Size Market 2023-2030 (Volume/Units)
7.1 5-Mar Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 10-Jun Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global Smart Display Market for Automotive By Display Technology Market 2023-2030 (Volume/Units)
8.1 LCD Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 TFT-LCD Market 2023-2030 (Volume/Units) - Global Industry Research
9.Global Smart Display Market for Automotive By Level of Autonomous Driving Market 2023-2030 (Volume/Units)
9.1 Conventional Market 2023-2030 (Volume/Units) - Global Industry Research
9.2 Semi-Autonomous Market 2023-2030 (Volume/Units) - Global Industry Research
10.Global Smart Display Market for Automotive By Vehicle Type Market 2023-2030 (Volume/Units)
10.1 Light Duty Vehicle Market 2023-2030 (Volume/Units) - Global Industry Research
10.2 Heavy Duty Vehicle Market 2023-2030 (Volume/Units) - Global Industry Research
11.North America Smart Display Market for Automotive By Region & Application Market 2023-2030 ($M)
12.North America Smart Display Market for Automotive By Display Size Market 2023-2030 ($M)
12.1 5-Mar Market 2023-2030 ($M) - Regional Industry Research
12.2 10-Jun Market 2023-2030 ($M) - Regional Industry Research
13.North America Smart Display Market for Automotive By Display Technology Market 2023-2030 ($M)
13.1 LCD Market 2023-2030 ($M) - Regional Industry Research
13.2 TFT-LCD Market 2023-2030 ($M) - Regional Industry Research
14.North America Smart Display Market for Automotive By Level of Autonomous Driving Market 2023-2030 ($M)
14.1 Conventional Market 2023-2030 ($M) - Regional Industry Research
14.2 Semi-Autonomous Market 2023-2030 ($M) - Regional Industry Research
15.North America Smart Display Market for Automotive By Vehicle Type Market 2023-2030 ($M)
15.1 Light Duty Vehicle Market 2023-2030 ($M) - Regional Industry Research
15.2 Heavy Duty Vehicle Market 2023-2030 ($M) - Regional Industry Research
16.South America Smart Display Market for Automotive By Region & Application Market 2023-2030 ($M)
17.South America Smart Display Market for Automotive By Display Size Market 2023-2030 ($M)
17.1 5-Mar Market 2023-2030 ($M) - Regional Industry Research
17.2 10-Jun Market 2023-2030 ($M) - Regional Industry Research
18.South America Smart Display Market for Automotive By Display Technology Market 2023-2030 ($M)
18.1 LCD Market 2023-2030 ($M) - Regional Industry Research
18.2 TFT-LCD Market 2023-2030 ($M) - Regional Industry Research
19.South America Smart Display Market for Automotive By Level of Autonomous Driving Market 2023-2030 ($M)
19.1 Conventional Market 2023-2030 ($M) - Regional Industry Research
19.2 Semi-Autonomous Market 2023-2030 ($M) - Regional Industry Research
20.South America Smart Display Market for Automotive By Vehicle Type Market 2023-2030 ($M)
20.1 Light Duty Vehicle Market 2023-2030 ($M) - Regional Industry Research
20.2 Heavy Duty Vehicle Market 2023-2030 ($M) - Regional Industry Research
21.Europe Smart Display Market for Automotive By Region & Application Market 2023-2030 ($M)
22.Europe Smart Display Market for Automotive By Display Size Market 2023-2030 ($M)
22.1 5-Mar Market 2023-2030 ($M) - Regional Industry Research
22.2 10-Jun Market 2023-2030 ($M) - Regional Industry Research
23.Europe Smart Display Market for Automotive By Display Technology Market 2023-2030 ($M)
23.1 LCD Market 2023-2030 ($M) - Regional Industry Research
23.2 TFT-LCD Market 2023-2030 ($M) - Regional Industry Research
24.Europe Smart Display Market for Automotive By Level of Autonomous Driving Market 2023-2030 ($M)
24.1 Conventional Market 2023-2030 ($M) - Regional Industry Research
24.2 Semi-Autonomous Market 2023-2030 ($M) - Regional Industry Research
25.Europe Smart Display Market for Automotive By Vehicle Type Market 2023-2030 ($M)
25.1 Light Duty Vehicle Market 2023-2030 ($M) - Regional Industry Research
25.2 Heavy Duty Vehicle Market 2023-2030 ($M) - Regional Industry Research
26.APAC Smart Display Market for Automotive By Region & Application Market 2023-2030 ($M)
27.APAC Smart Display Market for Automotive By Display Size Market 2023-2030 ($M)
27.1 5-Mar Market 2023-2030 ($M) - Regional Industry Research
27.2 10-Jun Market 2023-2030 ($M) - Regional Industry Research
28.APAC Smart Display Market for Automotive By Display Technology Market 2023-2030 ($M)
28.1 LCD Market 2023-2030 ($M) - Regional Industry Research
28.2 TFT-LCD Market 2023-2030 ($M) - Regional Industry Research
29.APAC Smart Display Market for Automotive By Level of Autonomous Driving Market 2023-2030 ($M)
29.1 Conventional Market 2023-2030 ($M) - Regional Industry Research
29.2 Semi-Autonomous Market 2023-2030 ($M) - Regional Industry Research
30.APAC Smart Display Market for Automotive By Vehicle Type Market 2023-2030 ($M)
30.1 Light Duty Vehicle Market 2023-2030 ($M) - Regional Industry Research
30.2 Heavy Duty Vehicle Market 2023-2030 ($M) - Regional Industry Research
31.MENA Smart Display Market for Automotive By Region & Application Market 2023-2030 ($M)
32.MENA Smart Display Market for Automotive By Display Size Market 2023-2030 ($M)
32.1 5-Mar Market 2023-2030 ($M) - Regional Industry Research
32.2 10-Jun Market 2023-2030 ($M) - Regional Industry Research
33.MENA Smart Display Market for Automotive By Display Technology Market 2023-2030 ($M)
33.1 LCD Market 2023-2030 ($M) - Regional Industry Research
33.2 TFT-LCD Market 2023-2030 ($M) - Regional Industry Research
34.MENA Smart Display Market for Automotive By Level of Autonomous Driving Market 2023-2030 ($M)
34.1 Conventional Market 2023-2030 ($M) - Regional Industry Research
34.2 Semi-Autonomous Market 2023-2030 ($M) - Regional Industry Research
35.MENA Smart Display Market for Automotive By Vehicle Type Market 2023-2030 ($M)
35.1 Light Duty Vehicle Market 2023-2030 ($M) - Regional Industry Research
35.2 Heavy Duty Vehicle Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Smart Display Market Revenue, 2023-2030 ($M)
2.Canada Smart Display Market Revenue, 2023-2030 ($M)
3.Mexico Smart Display Market Revenue, 2023-2030 ($M)
4.Brazil Smart Display Market Revenue, 2023-2030 ($M)
5.Argentina Smart Display Market Revenue, 2023-2030 ($M)
6.Peru Smart Display Market Revenue, 2023-2030 ($M)
7.Colombia Smart Display Market Revenue, 2023-2030 ($M)
8.Chile Smart Display Market Revenue, 2023-2030 ($M)
9.Rest of South America Smart Display Market Revenue, 2023-2030 ($M)
10.UK Smart Display Market Revenue, 2023-2030 ($M)
11.Germany Smart Display Market Revenue, 2023-2030 ($M)
12.France Smart Display Market Revenue, 2023-2030 ($M)
13.Italy Smart Display Market Revenue, 2023-2030 ($M)
14.Spain Smart Display Market Revenue, 2023-2030 ($M)
15.Rest of Europe Smart Display Market Revenue, 2023-2030 ($M)
16.China Smart Display Market Revenue, 2023-2030 ($M)
17.India Smart Display Market Revenue, 2023-2030 ($M)
18.Japan Smart Display Market Revenue, 2023-2030 ($M)
19.South Korea Smart Display Market Revenue, 2023-2030 ($M)
20.South Africa Smart Display Market Revenue, 2023-2030 ($M)
21.North America Smart Display By Application
22.South America Smart Display By Application
23.Europe Smart Display By Application
24.APAC Smart Display By Application
25.MENA Smart Display By Application
26.Robert Bosch GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Panasonic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Continental AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Denso Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Magna International Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.LG Display Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Valeo SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Delphi Automotive PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Kyocera Display Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Yazaki Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.AU Optronics Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Pioneer Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Visteon Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Alpine Electronics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Nippon Seiki Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)