Automotive Display Semiconductors Market to Surpass USD 72.45 Billion by 2034

The global automotive display semiconductors market was valued at USD 13.4 Billion in 2024 and is estimated to grow at a CAGR of 18.5% to reach USD 72.45 Billion by 2034, according to recent report by Global Market Insights Inc.

Demand for these semiconductors continues to rise with the rapid integration of high-performance display systems in vehicles. Increasing adoption of digital instrument clusters, infotainment systems, and head-up displays is transforming the driving experience and reshaping the automotive technology landscape. The growing focus on user-friendly, touch-based, and visually advanced display systems reflects a major shift in consumer expectations. Electric and autonomous vehicles are further accelerating demand, as they rely heavily on advanced display technologies for navigation, entertainment, and system monitoring. Automotive display semiconductors enable faster data processing, real-time visualization, and improved energy efficiency, making them essential for the next generation of smart vehicles. This market’s growth is being driven by continued innovation in display technology, the proliferation of connected vehicles, and the automotive industry’s transition toward more digitalized, immersive driving environments.

In 2024, the automotive display semiconductors market from TFT-LCD display semiconductor segment held a 64.8% share. Its dominance stems from affordability, consistent performance, and high compatibility with modern display systems. These semiconductors are widely integrated into instrument clusters, infotainment interfaces, and head-up displays across various vehicle models. Manufacturers are emphasizing the creation of high-performance, energy-efficient TFT-LCD display semiconductors capable of supporting advanced display configurations while maintaining seamless connectivity and cost efficiency. By focusing on enhanced durability, precision, and scalability, producers are meeting the rising global demand for superior automotive display technology.

The display driver ICs segment generated USD 4.85 Billion in 2024, supported by the widespread use of digital instrument panels, infotainment setups, and advanced dashboard systems. As vehicles increasingly rely on high-resolution, responsive, and energy-efficient display components, the demand for display driver ICs continues to accelerate. These integrated circuits play a crucial role in maintaining display quality, stability, and energy performance. To stay competitive, manufacturers are prioritizing the design of efficient, powerful driver ICs that can seamlessly handle the growing data and visual complexity in next-generation vehicles.

North America automotive display semiconductors market reached USD 4.58 Billion in 2024, driven by the expanding production of electric and autonomous vehicles. The region’s focus on high-end vehicle infotainment and digital dashboard technologies continues to support substantial growth. Ongoing advancements in OLED, Mini-LED, and micro-LED display systems are enhancing the in-car visual experience, while robust partnerships between automotive manufacturers and semiconductor companies are enabling greater innovation and scalability. The increasing need for real-time data visualization and seamless connectivity further underlines the significance of advanced display semiconductors in the region’s evolving automotive ecosystem.

Key players active in the automotive display semiconductors market include STMicroelectronics N.V., Samsung Electronics Co., Ltd., Renesas Electronics Corporation, Texas Instruments, Inc., NXP Semiconductors N.V., Infineon Technologies AG, Himax Technologies, Inc., Toshiba Corporation, Analog Devices, Inc., ON Semiconductor Corporation (onsemi), MediaTek Inc., FocalTech Systems Co., Ltd., Magnachip Semiconductor Corporation, Raydium Semiconductor Corporation, Robert Bosch GmbH, LX Semicon Co., Ltd., Beijing ESWIN Computing Technology Co., Ltd., Novatek Microelectronics Corp., and ROHM Semiconductor. 

Leading companies in the global automotive display semiconductors market are reinforcing their market presence through innovation, capacity expansion, and collaboration with automakers. They are investing heavily in R&D to create energy-efficient, high-resolution semiconductor solutions optimized for infotainment systems, digital dashboards, and advanced driver assistance displays. Strategic alliances and partnerships with vehicle manufacturers are helping accelerate product integration into next-generation electric and autonomous cars.

Source – https://www.gminsights.com/industry-analysis/automotive-display-semiconductors-market