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Embedded Display Market size is expected to witness robust growth during 2023-2032, owing to the increasing focus on automation across several industries.
Affordable cost, compact & lightweight design, less connection requirement, single assembly power source and data control are the factors that will fuel the acceptance of embedded displays in the near future. The products are extensively used in applications such as automobile displays, wearables, fitness devices, HVAC systems and home automation. A high demand for software-assisted devices with various features, such as Graphical User Interface (GUI), embedded functions and touchscreen will further drive the installation of embedded displays.
Rising demand for 3D displays is accelerating growth opportunities for the embedded display market. The integration of these displays delivers high performance, reduced weight & size and lesser susceptibility to environmental factors, such as humidity and vibrations. These benefits are further spurring the industry development. Major automotive companies are shifting toward the usage of Human-Machine Interface (HMI) and automated operating systems.
A rise in the manufacturing of user-specific HMI components and embedded systems at lower costs for automotive industry is propelling market opportunities for embedded displays. For instance, Elektrobit, in 2022, introduced the first automotive-grade, embedded and real-time operating system for the new AURIX TC4x microcontroller from Infineon Technologies AG. The system would enable Tier 1s and OEMs to seamlessly develop and deploy automotive E/E architectures based on the AUTOSAR Classic standard, supporting the advancement of next-gen vehicles.
The Russia-Ukraine war has caused a potential surge in investment in embedded systems for armored military vehicles, which is expected to support the embedded display market expansion by 2032. The development of defense vehicles has led to a higher use of IoT technologies and components, which necessitates the use of suitable displays to control and monitor functions. The war may affect the economic status and fuel prices across many countries and impede the sales of cars due to variable oil prices. However, the continuous development of automobile displays to cater to the demand for “green” vehicles will offer notable prospects for the industry, overcoming the global impact.
The portable embedded display device segment will hold a significant market share through 2032. The growth is driven by the rising need for embedded displays in HMIs, display monitors, smart wearables, and Point of Sale (PoS). These components can offer easy integration of the latest technologies, such as 5G AI and IoT, for different end-users.
Considering the technology, the embedded display market from LED segment is estimated to grow significantly during the projected period. The product demand is fueled by its use as an alternative to LCDs due to various factors such as high pixel resolution, higher brightness, better light intensity and higher power efficiency. New technological innovations in the LED segment including the development of micro-LED, are further accelerating the industry forecast.
Embedded displays are set to observe massive use across the healthcare sector by 2032, impelled by the rising need for automated and fast output delivery in medical applications. These include diagnosing & monitoring patients remotely during medical emergencies such as Covid-19 outbreak. Healthcare equipment manufacturing firms are developing smart equipment with displays connected to the ventilators for treating patients without any contact. These factors will further fuel growth opportunities for embedded display manufactures throughout the healthcare application segment.
The North America embedded display market is projected to observe notable revenue share by 2032. There has been consistent rise in the usage of smart home devices in the region. The increasing need for 5G, IoT, and AI integrated devices will also foster the application of embedded smart displays in U.S. and Canada. Industry players and various government agencies are also inclined toward new product innovations, accelerating market prospects.
Key companies operating in the global embedded display market are Winstar Display Co., Ltd., Ansys, Inc., NextGen Multitouch, Avnet, Inc., Andres Electronics Experts, Schweitzer Engineering Laboratories, and others. The industry participants are focusing on continuous research & development activities to provide technically advanced products compared to others.
The embedded display market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Market, By Technology
Market, By Device
Market, By Vertical
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