The global center stack display market size is expected to reach USD 14.40 billion by 2027, expanding at a CAGR of 13.4% over the forecast period, according to a study conducted by Grand View Research, Inc. Demand for center stack systems is anticipated to reach 199.75 million units by the year 2027. Rising sales of the passenger vehicles in the developed and developing countries are expected to bolster the market growth in future. Moreover, increasing inclination of vehicle OEMs towards these systems is significantly contributing to the growth of the market.
Furthermore,
increasing automotive production directly influences the volume as well as
revenue sales of center stack systems as these are integrated during the
vehicle production stage. However, over the past five years, the automotive
industry has witnessed considerable growth owing to increasing disposable
income, especially in the emerging economies, and growing demand for
infotainment systems and connected car technology. Thus, the aforementioned
factors are expected to positively affect the market growth over the forecast
period.
Another
major factor contributing towards the growth of market is the eradication of
mechanical linkages for the system. Advanced technologies such as human machine
interface (HMI), machine learning, and augmented reality are embedded in the
center stack systems. Implementation of the above-mentioned technologies
enhances human experience while interacting with the vehicle, thus boosting the
market growth.
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Center Stack
Display Market Report Highlights
- The TFT LCD technology
segment is expected to hold a major market share in terms of volume by
2027 due to benefits such as low costs and power consumption
- The OLED segment is expected
to witness the fastest growth in terms of revenue as well as volume in the
years to come due to its adoption in high-end and limited-edition
luxurious cars
- The up to 7 inch size
segment held the largest market share in terms of volume in 2019 owing to
adoption of these systems in economic and mid-segments cars
- The more than 7 inch segment
is expected to expand at the highest CAGR over the forecast period, both
in terms of revenue and volume, owing to benefits such as highly
responsive to touch and flexible design specification.
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Center Stack
Display Market Segmentation
Grand View Research has segmented
the global center stack display market based on display technology, display
size, and region:
Center Stack
Display Technology Outlook (Volume, Million Units; Revenue, USD Million, 2016 -
2027)
- TFT LCD
- OLED
Center Stack
Display Size Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
- Up to 7 inch
- More than 7 inch
Center Stack
Display Regional Outlook (Volume, Million Units; Revenue, USD Million,
2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
List of Key Players
of Center Stack Display Market
- Alpine Electronics, Inc.
- Continental AG
- HARMAN International
- HYUNDAI MOBIS
- MTA S.p.A
- Panasonic Corporation
- Preh GmbH
- Robert Bosch GmbH
- Texas Instruments
Incorporated
- Visteon Corporation
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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