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Global Center Stack Display Market 2021:By Display Technology (TFT LCD, OLED), By Display Size (Up to 7-inch, More than 7-inch)The Global Center Stack Display market size was valued at USD $8.5 Billion in 2020, USD $10.26 Billion in 2021, forecasted to reach USD $12.38 Billion in 2022, and is projected to reach USD $30.66 Billion by 2030, and is anticipated to expand at a CAGR of 20.65% over the forecast period from 2020 to 2030. Global Center Stack Display Market is the title of an upcoming report offered by Trusted Business Insights. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global center stack display market has been segmented on the basis of display technology, display size, as well as regions and countries.Request Covid - 19 Impact
Overview:The center stack of an infotainment system can feature a wide range of interactive content such as, cabin pressure controls, navigation, music or entertainment information, etc. This display typically receives information from the head unit, which is attached remotely with high-speed interfaces.
Dynamics:Owing to the increasing demand for advanced infotainment systems, gesture controls, and central controllers being widely implemented in passenger vehicles for comfort, security, luxury and safety benefits, the global center stack display market is expected to register a significant rate of revenue growth over the next 10 years. Additionally, the growing trend of connected vehicles, as well as the increasing demand for in-vehicle convenience features are factors that are expected to support future market growth. The increase in the sales of passenger vehicles that come equipped with comprehensive infotainments systems loaded with the latest in features, is another factor that is expected to bolster revenue growth of this global market in the years to come. However, numerous passenger vehicle OEMs do offer a wide range of advanced center stack display systems in mid-segment and economic vehicle variants. These systems are expensive, and the cost of equipping a vehicle with one impacts the overall cost of it. This factor is expected to possibly restrain the revenue growth of the global center stack display market in coming years.
Segmentation of the global center stack display market is as follows:In terms of display technology, the TFT LCD segment accounted for the majority revenue share of the global center stack display market in 2019, owing to benefits such as they are light in weight, have low power consumption, and produce a high resolution. Although, the OLED segment is slated to register the fastest rate of revenue growth in the foreseeable future. With respect to display size, the up to 7-inch segment accounted for the highest number of revenue shares of the global market, as they are majorly equipped in mid-segment and economic vehicles. And, since there is a growing demand for these vehicles, especially in developing economies in the near future, the revenue growth of this market is expected expand at a steady rate. However, the more than 7-inch segment is slated to register the fastest rate of revenue growth over the next 10 years.
Regional Segmentation and Analysis:The APAC accounted for the majority revenue share of the global center stack display market in 2019, and is expected to continue to do so in the years to come. This can be attributed to the rise in the sales of passenger vehicles in this region. Europe is expected to expand at the second-highest rate of revenue growth in the near future due to the large presence of technology companies in the region, as well as the increasing investments made by them towards R&D activities.
Below are the leading companies profiled in this Center Stack Display Market Report:
Chapter 1 Methodology and Scope