Smart Display Market Size

Smart Display Market size was over USD 6.03 billion in 2024 and is anticipated to exceed USD 346.81 billion by the end of 2037, witnessing over 36.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of smart display is evaluated at USD 7.79 billion. The growth of the market can be attributed to growing demand for automobile. After experiencing a decline during the pandemic, global auto sales began to rebound, reaching about 65 million units sold in 2021. Moreover, particularly in developed nations, there is an increasing need for improved safety, convenience, and comfort in automobiles. Hence, the demand for smart display in automobile is estimated to increase. The automobile smart display is a wireless touchscreen display that offers hands-free access to entertainment capabilities, driver safety features, and real-time diagnostics of the car, such as tire pressure and engine heat indicators.

Moreover, governments of major nations have promoted strict exhaust standards, which has led to an increase in the demand for electric vehicles globally. Governments are also encouraging the purchase of EVs by offering incentives and subsidies. For instance, by providing major subsidies to EV buyers and manufacturers, the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022 in India seeks to increase the adoption of EVs in the state. The first 2 lakh electric two-wheelers are eligible for a subsidy of about USD 60 per vehicle, the first 50,000 electric three-wheelers are eligible for a subsidy of up to approximately USD 144 per vehicle, and the first 25,000 electric four-wheelers are eligible for a subsidy of up to USD 0.1 Million per vehicle. Electric vehicles continue to be considered to be premium vehicles with high-end features such interactive infotainment systems and larger touch screen screens. The amount of advanced electronic systems in electric vehicles is typically higher. Several screen sizes and resolutions of liquid crystal display (LCD) panels are readily accessible. It is the most widely used display in automated driving, and it is mostly utilized for entertainment, control, and navigation systems. Hence with the growing adoption of electric vehicle the smart display market is estimated to increase.