Automotive Center Stack Market to Grow with a CAGR of 6.13% Globally through to 2028
Rapid Advancements in Infotainment Systems, Connected and
Autonomous Vehicle Integration, and Elevated Focus on Interior Aesthetics and
User Experience are factors driving the Global Automotive Center Stack market
in the forecast period 2024-2028.
According to TechSci Research report, “Global Automotive
Center Stack Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Automotive Center Stack Market stood
at USD 4.7 billion in 2022 and is anticipated to grow with a CAGR of 6.13% in
the forecast period, 2024-2028. The term "automotive center stack" describes the section of an automobile that contains the controls and buttons; it is usually found in the middle, next to the driver's seat. Over the course of the forecast period, the size of the
worldwide automotive center stacks market is anticipated to grow at a
consistent rate. Increased car sales and production, the telecommunications
industry's quick expansion, and the rising popularity of smartphones that are
connected to cars are the main drivers of market revenue growth. The market for
vehicle center stacks is anticipated to grow as computerized system efficiency
advances. Comparing recently developed digital procedures to more antiquated
mechanical systems, which were inefficient, is predicted to drive market
revenue development.
Browse over market data Figures spread through XX Pages and an in-depth TOC on "Global Automotive Center Stack Market.”
The global automotive center stack market is a dynamic
and rapidly evolving sector that plays a pivotal role in defining the user
experience within modern vehicles. The center stack, often referred to as the infotainment
system, is the central console that houses various controls, displays, and
interfaces for in-car entertainment, navigation, climate control, and
connectivity features. As the automotive industry undergoes a profound
transformation, driven by technological advancements and changing consumer
expectations, the center stack emerges as a focal point for innovation and
differentiation among automakers. One of the key drivers of the global
automotive center stack market is the increasing demand for connected and smart
vehicles. As consumers become more tech-savvy, they expect their vehicles to
offer seamless integration with their digital lives. The center stack, with its
touchscreens, voice recognition systems, and connectivity options, serves as the
command center for a range of features that enhance the driving experience.
From streaming music and navigation to hands-free calling and real-time vehicle
diagnostics, the capabilities of the center stack are expanding rapidly, driven
by advancements in software and hardware technologies.
The market is witnessing a shift towards larger and
more sophisticated center stack displays. High-resolution touchscreens, often
with customizable interfaces, are becoming standard features in many vehicles.
This trend is fueled by the growing influence of consumer electronics on
automotive design, as well as the desire to provide drivers and passengers with
a more intuitive and visually appealing interface. Automakers are investing
heavily in research and development to create center stack systems that not
only meet functional requirements but also contribute to the overall aesthetic
and ergonomic design of the vehicle interior. Another significant trend in the
global automotive center stack market is the integration of advanced
driver-assistance systems (ADAS) and other safety features into the
infotainment system. The center stack is increasingly becoming a hub for
displaying information from sensors and cameras that assist in parking,
lane-keeping, collision avoidance, and other safety functions. This integration
not only enhances the overall safety of the vehicle but also contributes to the
concept of a unified and interconnected vehicle ecosystem.
As electric and hybrid vehicles gain traction in the
automotive market, the center stack becomes a crucial element in managing and
displaying information related to the vehicle's powertrain. Electric vehicles,
in particular, require unique interfaces to provide information about battery
status, charging options, and energy consumption. Automakers are exploring
innovative ways to design the center stack to address the specific needs and
expectations of electric vehicle owners, contributing to the overall market
growth. The global automotive center stack market is highly competitive, with
established players and new entrants striving to gain a competitive edge.
Established automotive OEMs are partnering with technology companies to
leverage their expertise in software and connectivity solutions. At the same
time, tech companies are entering the automotive space to capitalize on the
growing demand for smart and connected vehicles. This convergence of industries
is reshaping the competitive landscape, leading to collaborations and mergers
that aim to create synergies between traditional automotive expertise and
cutting-edge technology capabilities.
Regulatory requirements and safety standards also play
a significant role in shaping the global automotive center stack market. As
governments around the world emphasize the importance of reducing distracted
driving, automakers are challenged to design center stack interfaces that
minimize driver distraction while providing access to essential features. This
has led to the development of voice-activated controls, gesture recognition
systems, and other innovative solutions that allow drivers to interact with the
center stack without taking their eyes off the road. The global automotive
center stack market is not only influenced by technological advancements but
also by changing consumer preferences and lifestyle trends. As vehicles become
an extension of people's digital lives, the demand for seamless connectivity
and personalized experiences is driving innovation in the center stack.
Consumers expect their vehicles to integrate seamlessly with smartphones and
other devices, providing a familiar and user-friendly interface that enhances
convenience and accessibility.
In addition to connectivity, sustainability is
becoming a key consideration in the design of center stack systems. Automakers
are increasingly incorporating eco-friendly materials and energy-efficient
technologies into the manufacturing of center stack components. This shift
towards sustainability reflects a broader industry-wide commitment to reducing
the environmental impact of vehicles and their components. The global
automotive center stack market is not without its challenges. Cybersecurity
concerns, as vehicles become more connected and reliant on software-driven
systems, are a growing issue. Ensuring the security of data and communication
within the vehicle's ecosystem is a top priority for automakers and technology
providers. Additionally, the rapid pace of technological change poses
challenges for automakers in terms of ensuring compatibility and upgradability
of center stack systems over the vehicle's lifecycle.
Major companies operating in Global Automotive
Center Stack Market are:
- Preh GmbH
- Hyundai Mobis Co. Lid
- Marelli Corporation
- Behr Hella Thermocontrol GmbH
- Magna International Inc.
- Valeo Group
- Continental AG
- Methode Electronics Inc.
- Visteon Corporation
- Delphi Automotive PLC.
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“The global
automotive center stack market is experiencing a dynamic shift driven by the
demand for connected and smart vehicles. As technology continues to shape the
automotive landscape, the center stack emerges as a focal point for innovation,
featuring larger touchscreens, advanced driver-assistance systems integration,
and sophisticated interfaces. Electric and hybrid vehicles further contribute
to the market's evolution, requiring unique interfaces for managing powertrain
information. Intense competition among established automakers and technology
companies, coupled with regulatory emphasis on safety, fuels collaborations and
mergers. With a focus on sustainability and addressing cybersecurity concerns,
the automotive center stack market is poised for continuous growth, reflecting
the industry's commitment to enhancing the driving experience in an
increasingly interconnected world.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“Automotive Center Stack Market
– Global Industry Size, Share, Trends, Opportunity,
and Forecast, Segmented By Vehicle Type (Passenger
Vehicles, Light Commercial Vehicles, Medium & Heavy Commercial vehicles), By
Function Type (Navigation, HVAC Controlling, Infotainment, Others), By Display Type
(LED, OLED), By Region, Competition, 2018-2028”, has evaluated the future growth potential of Global Automotive Center
Stack Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Automotive Center
Stack Market.
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