Center Stack Display Market: Global Industry Analysis and Forecast (2023-2029)

Center Stack Display Market is anticipated to reach US$ 15.7 Bn by 2029 from US$ 6.47 Bn in 2022 at a CAGR of 13.5% during a forecast period.
Center Stack Display Market Overview
The center stack display is a pre-configured module that includes a complete integrated module of electronics components such as a PCB with microcontrollers, display drivers, light guides with LEDs, and capacitive foils. The majority of automobiles are fitted with center stack systems on the dashboard. Control systems, such as the radio and music system and the temperature display, are included, as well as support for the reverse rear-view camera system.

High resolution, low power consumption, lightweight, and low cost are all advantages of the center stack displays. Furthermore, these systems provide benefits such as luxury, safety, comfort, and security. These systems have a wide range of applications in the automotive industry, as well as in communication, media, and entertainment.To know about the Research Methodology :- Request Free Sample Report
Center Stack Display Market Dynamics
Increased consumers’ preference for convenience features and the growing trend of connected vehicles are likely to drive market growth. Smartphones, for example, can be linked to the vehicle's infotainment system. Users can make calls using the in-vehicle touchscreen infotainment display thanks to the integration of the smartphone function with the in-vehicle infotainment system. As a result, the convenience and flexibility of implementing center stack solutions are expected to drive market growth during the forecast period.

In addition, increasing global investments in manufacturing companies of automotive centers are expected to have a significant market effect during the forecast period. thus, many key automotive players like Google and Apple intend to manufacture driverless cars to provide a considerably higher degree of comfort for their central stacking system with voice and gesture controls.

The global market is hampered by the cost of fitting the vehicle with center stack display solutions.
Center Stack Display Market Segment Analysis
By Display Technology, in 2022, the TFT LCD segment represented over 80 percent of total sales. TFT LCD systems are commonly utilized by central stack display manufacturers due to their benefits such as high resolution, low power consumption, and lightweight. In addition, the low cost of the center stacking systems contributed to the growth of the segment compared with other technologies.

By Display Size, in 2022, up to 7-inch segment dominated the market, accounting for more than 54.0 percent of global volume. Up to 7-inch center stack displays are commonly found in vehicles in the economy and mid-segment segments. As a result, rising demand for these vehicles in developing countries such as China and India is expected to propel the segment over the forecast period.
Regional Insights
Asia Pacific dominated the market and is expected to grow at a CAGR of 15.9 percent during the forecast period. This growth can be ascribed to an increase in the number of passenger car sales in the region. China accounted for around 60% of the region's passenger car sales. In 2019, the country led the world in passenger car manufacturing and sales, with 23.5 million and 23.7 million units sold, respectively.

Europe is expected to grow at the second-fastest CAGR of 14.0 percent during the forecast period in terms of volume. Because of the presence of major vehicle manufacturers in Germany, Germany is the most significant market and the greatest contributor to the automotive center stack market in the region. The significant investment in market R&D by leading technology firms is one of the main factors driving market growth in Europe.
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Center Stack Display Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 6.47 Bn.


Forecast Period 2023 to 2029 CAGR:
13.5%
Market Size in 2029:
US $ 15.7 Bn.


 Segments Covered:
by Display Technology
TFT LCD
OLED


by Display Size
Up to 7-inch
More than 7-inch


by Application
Navigation
HVAC Control
Infotainment
Others


by Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles


by Sales Chanel
OEM
Aftermarket



by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Center Stack Display Market Key Players
1. Hyundai Mobis Co Ltd
2. Faurecia S.A
3. Alps Electric Co. Ltd
4. Delphi Automotive PLC
5. Johnson Controls Inc
6. Methode Electronics
7. Magna International Inc
8. Visteon Corp
9. Valeo Group
10. Calsonic Kansei Corp
11. Continental AG
12. Alpine Electronics, Inc
13. HARMAN International
14. Panasonic Corporation
15. Preh GmbH
16. Robert Bosch GmbH
Frequently Asked Questions
1. What is the projected market size & growth rate of the Global Center Stack Display Market?
Ans- Center Stack Display Market was valued at USD 6.47 billion in 2022 and is projected to reach USD 15.7 billion by 2029, growing at a CAGR of 13.5% during the forecast period.

2. What is the key driving factor for the growth of the Global Center Stack Display Market?
Ans- Increased consumers’ preference for convenience features and the growing trend of connected vehicles are likely to drive market growth.

3. Which region accounted for the largest Global Center Stack Display Market share?
Ans- Asia Pacific dominated the market and is expected to grow at a CAGR of 15.9 percent during the forecast period.

4. What makes Europe a Lucrative Market for the Global Center Stack Display Market?
Ans-The significant investment in center stack display R&D by leading technology firms is one of the main factors driving market growth in Europe.

5. What are the top players operating in the Global Center Stack Display Market?
Ans- Hyundai Mobis Co Ltd, Faurecia S.A, Alps Electric Co. Ltd, Delphi Automotive PLC, Johnson Controls Inc, Methode Electronics, Magna International Inc, and Visteon Corp.