According to a new report Global Center Stack Display Market, published by KBV research, The Global Center Stack Display Market size is expected to reach $12.2 billion by 2026, rising at a market growth of 14.9% CAGR during the forecast period.
The TFT LCD segment was a market leader and comprised over 80.0% of overall revenue in 2019. Due to their benefits, like high resolution, low power consumption and lightweight, the TFT LCD systems are widely used by the center stack display manufacturers. Furthermore, in relation to the other technologies, the low cost of these center stack systems contributed to segment growth.
The up to 7-inch segment recorded the highest market share. Up to 7-inch center stack displays are mostly fitted to economic and mid-segment vehicles. As a result, the growing demand for these types of vehicles in developing countries, such as China and India, is expected to drive the segment over the forecast period.
Asia Pacific dominated the market and predicted to have the highest market share over the forecast period. The growth in the number of passenger vehicles in the region is attributed to this increase. Europe is expected to witness a rapid growth rate in the regional segment over the forecast period. The presence of large tech firms as well as major investments in R&D of center stack displays is key factors that will stimulate market growth in Europe.
Structural Insights: https://www.kbvresearch.com/center-stack-display-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Alps Alpine Co., Ltd., Continental AG, Samsung Electronics Co., Ltd. (Samsung Group), Hyundai Motor Company, Panasonic Corporation, Robert Bosch GmbH, Texas Instruments, Inc., Magna International, Inc., Faurecia SA, and Visteon Corporation.
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