Center Stack Display Market Size, Share & Trends Analysis Report By Technology (TFT LCD, OLED), By Display Size (Up To 7-inch, More Than 7-inch), By Region, And Segment Forecasts, 2023 - 2030

Center Stack Display Market Size, Share & Trends Analysis Report By Technology (TFT LCD, OLED), By Display Size (Up To 7-inch, More Than 7-inch), By Region, And Segment Forecasts, 2023 - 2030

Center Stack Display Market Growth & Trends

The global center stack display market size is expected to reach USD 15.02 billion by 2030, registering a CAGR of 12.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. 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.

Center Stack Display Market Report Highlights

• The TFT LCD segment held a significant market share of 82.6% in 2022. The TFT LCD systems are widely adopted by center stack display manufacturers owing to their benefits, such as high resolution, low power consumption, and lightweights.
• The OLED segment is estimated to register a significant CAGR of 15.5% over the forecast period due to its adoption in high-end and limited-edition luxurious cars
• The up to 7 inches segment is estimated to register a significant CAGR of 10.1% over the forecast period. The up to 7-inch center stack displays are mostly equipped in economic and mid-segment vehicles. Thus, growing demand for these vehicles in developing countries like China and India is anticipated to drive the segment over the forecast period.
• The more than 7 inches segment dominated the market with a revenue share of 69.3% in 2022. The growth of autonomous and semi-autonomous cars is expected to create opportunities for the more than 7-inch segment as these vehicles require large center stack displays for infotainment and driver-vehicle communication.

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