The global Center Stack Display market size is expected to be worth around US$ 14.41 billion by 2028, according to a new report by Vision Research Reports.
The global Center Stack Display market size was valued at US$ 5.61 billion in 2020 and is anticipated to grow at a CAGR of 13.5% during forecast period 2021 to 2028.
Growth Factors
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.
Report Highlights
The OLED segment is anticipated to register the fastest revenue-based CAGR of 16.7% over the forecast period. This growth is attributed to factors such as better picture quality, visibility, and sharpness than TFT LCD screens. Additionally, the OLED displays are highly responsive to touch and have flexible design specifications, resulting in the inclination of OEMs towards OLED technology.
Based on display size, the market is segmented into up to 7-inch and more than 7-inch. The up to 7-inch segment dominated the market for center stack display in 2019 with more than 54.0% share of the global volume. The up to 7-inch center stack displays are majorly equipped in the economic and mid-segment vehicles. Thus, growing demand for these type of vehicles in developing countries, such as China and India, is anticipated to drive the segment over the forecast period.
The more than 7-inch segment is anticipated to expand at the fastest revenue-based CAGR of 14.% over the forecast period. The growth of autonomous and semi-autonomous cars is expected to create opportunities for the more than 7-inch segment as these types of vehicles require large size center stack displays for infotainment and driver-vehicle communication. However, more than 7-inch center stack displays have already been implemented in the high-end luxury vehicles as these center stack displays make available suspension settings, climate control, and other driver-controlled functions at the touch of the screen.
Asia Pacific dominated the market and is expected to exhibit the highest volume-based CAGR of 15.8% during the forecast period. This growth is attributed to a rise in the number of sales of passenger vehicles in the region. China accounted for around 60% of the passenger vehicle sales in the region. The country was the leader in passenger car production and sales with 23.5 million and 23.7 million, respectively, in 2018. Moreover, some of the key players in the region are Panasonic Corporation; Alpine Electronics, Inc.; and Hyundai Mobis. The limited number of manufacturers creates significant investment opportunities for regional suppliers to capitalize on the local demand, thus making the region an attractive place for investors.
Europe is projected to expand at the second-highest CAGR of 14.01% in terms of volume over the forecast period. The presence of large technology companies and significant investments made in the R&D of center stack displays are the major factors fueling the growth of the market in Europe. Moreover, some of the players operating in the region are Continental AG, Robert Bosch GmbH, Preh GmbH, and MTA S.p.A. Additionally, presence of major vehicle OEMs in the region is anticipated to boost the regional market growth.
Key Players
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
Market Segmentation
Display Technology Outlook
TFT LCD
OLED
Display Size Outlook
Up to 7-inch
More than 7-inch
Regional Outlook
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East & Africa
The Center Stack Display market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Center Stack Display market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Center Stack Display market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Center Stack Display market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Center Stack Display market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Center Stack Display capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Center Stack Display by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Center Stack Display market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Center Stack Display market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Center Stack Display market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Center Stack Display industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Center Stack Display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Center Stack Display market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Center Stack Display market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Center Stack Display market. These factors have benefited the growth of the global market for Center Stack Display. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Center Stack Display. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Center Stack Display are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers