PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419045
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419045
Centre Stack Display Market size was valued at USD 6,830.4 Million in 2022, expanding at a CAGR of 13.1% from 2023 to 2030.
Center stack displays refer to essential touchscreens positioned within a vehicle's central console, acting as a pivotal hub to access and manage various in-car functions such as infotainment, navigation, climate controls, and connectivity features. These displays, typically equipped with high-resolution interfaces and interactive controls, enhance driver convenience by providing a centralized platform to oversee diverse vehicle systems.
The burgeoning market growth is propelled by heightened consumer demand for convenience features, enhanced in-vehicle comfort, and the rising popularity of connected vehicles. Consumers are increasingly inclined towards vehicles equipped with multiple electronic devices and advanced in-car infotainment technologies. For instance, the integration of smartphones with in-vehicle infotainment systems enables users to leverage their smartphone functions through the vehicle's touchscreen display, allowing functionalities like making calls seamlessly. The ease and adaptability of integrating center stack systems are poised to drive market growth due to their user-friendly nature and adaptability. The market is further bolstered by the surge in sales of passenger vehicles equipped with audiovisual entertainment units like infotainment systems offering real-time traffic updates and navigation features. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), global sales of passenger cars reached 56,437,803 units in 2021 and rose to 57,485,378 units in 2022. This uptick in passenger vehicle sales is expected to be a driving force behind the increasing adoption of center stack displays throughout the forecast period.
The Global Centre Stack Display Market is segmented on the basis of Technology, Display Type, Vehicle Type, and Region.
The market is divided into two categories based on Technology: TFT LCD and OLED. The TFT LCD sector held a substantial market share in 2022. Manufacturers of center stack displays widely adopt TFT LCD systems due to their advantageous characteristics, including high resolution, low power consumption, and lightweight design. Additionally, the relatively lower cost of these center stack systems has propelled the growth of this segment compared to other technologies.
The market is divided into two categories based on Display Type: Up to 7 and more than 7 inch. The segment featuring display sizes of more than 7 inches dominated the market in 2022. The rise of autonomous and semi-autonomous vehicles is anticipated to boost possibilities for the more than 7-inch segment, as these vehicles necessitate larger center stack displays for infotainment and communication between the driver and vehicle. These larger displays have already been integrated into high-end luxury vehicles, providing access to various driver-controlled functions like suspension settings and climate control through a touch interface.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Strategies within the center stack display market revolve around technological advancements, refining user interfaces, and integrating sophisticated functionalities. Companies prioritize creating responsive touchscreens, intuitive user experiences, and seamless connectivity with smartphones and various devices. Safety features take precedence, alongside collaborations with automotive manufacturers for tailored solutions, and adherence to industry standards, all contributing to market competitiveness in this sector.
In April 2023, HannStar, a company specializing in display technologies, unveiled a TFT LCD-based Paper Display as a competitor to E Ink's EPD (electronic paper display).
The scope of this report covers the market by its major segments, which include as follows: