PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437522
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437522
Center Stack Display Market size was valued at USD 6,913 Million in 2023, expanding at a CAGR of 11.5% from 2024 to 2032.
The control-bearing surfaces located in the middle of the engine's interior are covered by the car's center stack display. The phrase refers to the area that starts in and extends beneath the dashboard, which in many cars occasionally combines with the transmission tunnel that runs between the front driver's seat and the passenger seat. In front-wheel drive cars without transmission tunnels, the gear rod control is often located at the back end of the console or where the two console and tunnel areas combine.
Center Stack Display Market- Market Dynamics
Increased demand for advanced infotainment systems drives market growth
The modern automobile, which offers more possibilities for in-car entertainment than ever before, is the best option for democratic technology and skepticism. To make driving as easy and pleasurable as possible, automakers seek to equip their cars with additional screens and features. In addition to handling audio and video material, these gadgets offer alarms, details on traffic patterns, and weather predictions. With the use of mobile integration technologies, advanced in-car infotainment offers communication, entertainment, and information. Users may now utilize all infotainment mobile services and connect to their in-car infotainment systems due to this. Additionally, it uses high-performance interfaces such as operational controls, control units, and human-machine interfaces (HMI) to provide navigation and driver assistance. In-car entertainment has become more popular due to these cutting-edge technologies, which are also expected to influence the industry going forward.
Center Stack Display Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 11.5% over the forecast period (2024-2032)
Based on technology segmentation, the TFT LCD segment dominates the market
Based on display size segmentation, the More than 7 inch segment is expected to hold the largest market share during the forecast period
Based on region, the Asia Pacific held the largest market share in 2023
The Global Center Stack Display Market is segmented based on Technology, Display Size and Region.
The market is divided into two categories based on technology: OLED and TFT LCD. The TFT LCD segment dominates the market and is likely to maintain its dominance during the forecast period. Manufacturers of center stack displays frequently choose TFT LCD systems because of their advantages, which include high resolution, low power consumption, and lightweight design. The segment has grown as a consequence of these center stack systems' cheap cost in comparison to other technologies.
The market is divided into three categories based on display size: Up to 7 inch and More than 7 inch. The More than 7 inch segment is expected to hold the largest market share during the forecast period. The greater than 7-inch market is predicted to benefit from the rise of autonomous and semi-autonomous vehicles, which need big center stack displays for infotainment and driver-vehicle communication.
Center Stack Display Market- Geographical Insights
Geographically, this market is widespread in 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. The Asia Pacific held the largest market share in 2023 and is expected to continue the same pattern during the forecast period. The increase in sales of passenger vehicles in the area is the reason for this expansion. Chinese automakers manufactured 27.02 million units in 2022, up 3.4% from the previous year, while sales increased by 2.1% to 26.86 million units in January 2023, according to the China Association of Automobile Manufacturers (CAAM).
The key players operating in the market are Robert Bosch Manufacturing Solutions GmbH, MOBIS INDIA LIMITED, Panasonic Holdings Corporation, HARMAN International, Alpine Electronics, Inc., Continental AG, Texas Instruments Incorporated, MTA S.p.A, PREH GMBH and Visteon Corporation. These players adopted various types of strategies to remain competitive in the market such as product launches, acquisitions, expansion, approvals, agreements and others.
In April 2023, as a rival to E Ink's EPD (electronic paper display), HannStar, a firm that specializes in display technology, recently created a TFT LCD-based Paper Display. The Paper Display offers an alternative to E Ink's well-known EPD technology by utilizing thin-film transistor liquid crystal display (TFT LCD) technology. Similar advantages to those of the EPD, such as low power consumption and a reading experience similar to that of paper, are the goal of the TFT LCD-based Paper Display. Because of its tiny and light construction, it may be used in e-readers, electronic shelf labels, and other gadgets that need low-power, reflecting displays.
GLOBAL CENTER STACK DISPLAY MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Robert Bosch Manufacturing Solutions GmbH
MOBIS INDIA LIMITED
Panasonic Holdings Corporation
HARMAN International
Alpine Electronics, Inc.
Continental AG
Texas Instruments Incorporated
MTA S.p.A
PREH GMBH
Visteon Corporation