2022“Intelligent Cockpit”— IVI Display Market Research Report

With the development of automation and intelligence in automobiles, vehicles become more than just a mode of transportation. Intelligent cockpits offer a new way of human-machine interaction, turning vehicles into a second living space for humans. ICV conducted research on the core intelligent hardware of passenger vehicle cockpits, including LCD instrument panels, In-Vehicle Infotainment (IVI) displays, head-up displays, etc.

This report presents the research results of ICV's study on In-Vehicle Infotainment (IVI) displays. The traditional center console, consisting of several knobs and buttons, is gradually being replaced by a large screen that integrates vehicle control, navigation, and media functions.

In 2022, the penetration rate of In-Vehicle Infotainment (IVI) display in the passenger vehicle market reached 82%, and it is expected to exceed 90% in 2023. Although the market penetration rate of IVI display is nearly 9% lower than that of LCD instrument panel, in terms of market size, IVI display is slightly superior to LCD instrument panel (exceeding by $1.06 billion).

In 2022, the market size of In-Vehicle Infotainment (IVI) displays reached $12.74 billion, increasing by 4.3% compared to 2021. As the penetration rate gradually increases to 90%, the growth rate of the market size will slow down. It is expected to reach $16.8 billion in 2027, with a 6-year CAGR of approximately 4.7%.

Based on geographical division, ICV has identified five segmented markets for the In-Vehicle Infotainment (IVI) display. The Chinese and European markets have the highest market penetration rates of approximately 84%, which are higher than the other three segmented markets. In terms of market size, the Chinese market reached $5.34 billion in 2022, while the European market reached $3.04 billion. ICV predicts that by 2027, the market size in China is expected to reach $7.33 billion, while the European market could reach $3.8 billion.

Report Link：2022“Intelligent Cockpit”— IVI Display Market Research Report

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