Center Stack Display Market Expected To Grow With USD 14.40 Billion By 2027


 San Francisco, 18 Dec 2020: The Report Center Stack Display Market Size, Share & Trends Analysis Report By Display Technology (TFT LCD, OLED), By Display Size (Up To 7-inch, More Than 7-inch), By Region, And Segment Forecasts, 2020 - 2027

The global center stack display market size is expected to reach USD 14.40 billion by 2027, expanding at a CAGR of 13.4% over the forecast period, according to a study conducted 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.

Access Research Report of Center Stack Display Market @ https://www.grandviewresearch.com/industry-analysis/center-stack-display-market

Center Stack Display Market Report Highlights

  • The TFT LCD technology segment is expected to hold a major market share in terms of volume by 2027 due to benefits such as low costs and power consumption
  • The OLED segment is expected to witness the fastest growth in terms of revenue as well as volume in the years to come due to its adoption in high-end and limited-edition luxurious cars
  • The up to 7 inch size segment held the largest market share in terms of volume in 2019 owing to adoption of these systems in economic and mid-segments cars
  • The more than 7 inch segment is expected to expand at the highest CAGR over the forecast period, both in terms of revenue and volume, owing to benefits such as highly responsive to touch and flexible design specification.

List of Key Players of Center Stack Display Market

  • 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

Access Press Release of Center Stack Display Market @ https://www.grandviewresearch.com/press-release/global-center-stack-display-market

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

Biomaterials Market Size Poised To Reach USD 348.4 Billion By 2027

Image
  San Francisco, 15 Dec 2020:   The Report  Biomaterials Market  Size, Share & Trends Analysis Report By Product (Natural, Metallic, Polymer), By Application (Cardiovascular, Orthopedics, Plastic Surgery), By Region, And Segment Forecasts, 2020 - 2027 The global biomaterials market size is expected to reach USD 348.4 billion by 2027, registering a CAGR of 15.9% over the forecast period, according to a new report by Grand View Research, Inc. The application of biomaterials represents a fast-growing field in biomedical research. Recent advances in the improvement of bioactivity, compatibility, and mechanical properties of biomaterials have introduced new opportunities for their application in tissue engineering, immune engineering, and drug delivery systems. Biocompatibility, low toxicity, and renewable nature of polymeric biomaterials make them potent drug delivery agents in controlled and targeted drug delivery, thus providing lucrative opportunities for the market growth. The adve
Read more

Latin America Nutrition & Dietary Supplements Market Expected To Grow At A CAGR 8.8% For The Forecast Period From 2017 To 2025 : Grand View Research Inc.

San Francisco, 20 May 2019:  The Report  Latin America Nutrition & Dietary Supplements Market  Size, Share & Trends Analysis Report By Formulation, By Function (Medical Foods, Sports Nutrition), By Consumer, By Country, And Segment Forecasts, 2018 – 2025 The Latin America Nutrition & Dietary Supplements Market size is expected to reach USD 47.5 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 8.8% over the forecast period. Growing expenditure on nutrition and dietary supplements, disposable income, and consumer awareness are some of the key market drivers. Changing regulatory framework to ensure drug safety in Latin American countries such as Mexico and Argentina is also expected to positively impact market growth in the forthcoming years. Growing demand for nutrition and dietary supplements among geriatric population is also one of the considerable market drivers. Nutrition plays a vital role in maintain
Read more