Global Center Stack Display Market 2023-2030

Global Center Stack Display Market 2023-2030

Global Center Stack Display Market Size, Share & Trends Analysis Report by Vehicle (Passenger Vehicle, and Commercial Vehicle), by Technology (Touchscreen Display, and Non-Touchscreen Display), and by Display Technology (LED, and OLED) Forecast Period (2023-2030)

The center stack display market is anticipated to grow at a CAGR of 11.8% during the forecast period (2023-2030). Globally, the demand for center stack displays (CSD) is growing, owing to factors including the growing consumer demand for enhanced connectivity and advanced infotainment features in vehicles. With such growing demand, automakers are increasingly integrating advanced CSDs into the center stack of dashboards to meet the demand for applications such as continuous navigation, entertainment, and vehicle control systems. Additionally, the growing popularity of electric and autonomous vehicles, along with the focus on smart mobility solutions, has further contributed to the adoption of CSDs, making them important to the evolving automotive industry's tech-centric landscape.

Segmental Outlook

The global center stack display market is segmented by vehicle, technology, and display technology. By vehicle, the market is sub-segmented into passenger vehicles and commercial vehicles. By technology, the market is sub-segmented into touchscreen display and non-touchscreen display. By display technology, the market is sub-segmented into Light-Emitting Diode (LED) and Organic Light-Emitting Diode (OLED). Among the vehicles, the demand for the central stack display market is expected to grow significantly in passenger vehicles owing to factors such as the growing production of passenger vehicles globally, growing demand for advanced infotainment systems, and technological advancements with a focus on safety enhancements among others. For instance, as per the draft proposal of the government of India in October 2023, the Road Transport Ministry submitted two mandates, to improve vehicle and passenger safety both in OEM-build and coach-build buses in the country. Under this mandate, the government proposed the installation of indirect vision devices in the vehicle to improve safety. This device will project clear and real-time video to the central stack display of the vehicle helping the driver to drive safely.

Commercial Vehicle Contribute the Highest to the Global Center Stack Display Industry

The commercial vehicle market contributes the highest in the global center stack display market and is expected to grow significantly in the forecast period owing to factors such as growing commercial vehicle production, increasing demand for infotainment and connectivity, growing demand for smartphone integration, and increasing focus on safety regulations among others. According to the data from the International Organization of Motor Vehicle Manufacturers (OICA), the total production of cars has increased from 57 million units in 2021 to 61.6 million units in 2022. Also, growing demand for digitization in automobiles, automakers are increasingly collaborating with market players mainly for technological developments. For instance, in April 2023, Hyundai Mobis announced the development of a roll able display for vehicles. According to the company, the display disappears when the engine is turned off and rolls up and down depending on driving conditions. As the overall sales of commercial vehicles are growing, the demand for center stack displays is expected to grow in the forecast period.

Regional Outlook

The global center stack display market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among regions, the demand for the center stack market is expected to grow significantly in the North American market owing to the presence of the automotive industry and market players. According to the data published by the OICA, the total automotive production in the US has increased from 9.7 million units in 2021 to 10 million units in 2022 which is a 10% year-on-year growth. Similarly, the total automotive production of Canada has by 10.0% year on year from 2021 to 2022. Additionally, growing electric vehicle (EV) sales and the presence of major market players such as Bosch and LG Electronics are further contributing to the overall growth of the market.

The Asia Pacific Accounts Highest Share in the Global Center Stack Display Market

The Asia Pacific represents the highest share in the global center stack display market mainly due to such a significant share of the region in global automotive production, and growing investment in the region from original equipment manufacturers (OEM). According to the data from OICA, Asia Pacific holds China, Japan, India, and South Korea as among the top 5 automakers globally accounting for 51.0% of global automotive production in 2022. Also, according to the International Energy Agency (IEA), in 2022, China accounted for around 60% of global EV sales. Also, in India, EV, and component manufacturing is growing, supported by the government’s $3.2 billion incentive program that has attracted investments totaling $8.3 billion. Additionally, getting stringent safety regulations, and a presence for major market players such as Faurecia SA and BHTC is also contributing to the overall center stack display market growth.

Market Players Outlook

The major companies serving the global center stack display market are Behr-Hella Thermocontrol GmbH, Garmin Ltd., Harman International Industries Inc., and Hyundai Mobis Co. Ltd among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaboration, mergers, and acquisitions to stay competitive. For instance, in October 2023, AUO Corporation officially declared its entry into a conclusive agreement wherein it will secure a complete equity interest of 100% in the German company Behr-Hella Thermocontrol GmbH at an enterprise value totaling €600 million ($663 million). This strategic move aligns with AUO's ongoing implementation of its marked expansion strategy, aiming to broaden its applications in vertical markets and fortify the value chain ecosystem. According to the company, the collaboration will facilitate the integration of resources from both entities, adopting cooperation in future operations.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the center stack display market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.