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Center Information Display Market

Center Information Display Market

Center Information Display Market Analysis By Type (LCD & LED Center Information Display) By Product (Touch Screen & Hybrid Center Information Display) By Size, By Vehicle, By Sales Channel By Region – Global Market Insights 2022 to 2032

Center Information Display Market
FACT7545MR
  • Jul-2022
  • List of Tables : 168
  • List of Figures : 134
  • 170 Pages
  • Technology

Center Information Display Market Outlook (2022-2032)

The global center information display market is set to reach a market valuation of US$ 662.9 million in 2022 and further expand at a CAGR of 7.9% to grow to US$ 1.4 billion by the end of 2032.

Sales of center information displays (CIDs) currently account for over 9% share of the global automotive smart display market.

Report Attributes

Details

Center Information Display Market Size (2021A)

US$ 616.3 Million

Estimated Market Value (2022E)

US$ 662.9 Million

Forecasted Market Value (2032F)

US$ 1.4 Billion

Global Market Growth Rate (2022-2032)

7.9% CAGR

North America Market Share (2021)

~17.6%

East Asia Market Growth Rate (2022-2032)

~8.6% CAGR

United States Market Growth Rate (2022-2032)

~7.3% CAGR

Market Share of Top 5 Companies

~27.6%

Key Companies Profiled

  • 3M Company
  • AUDI AG
  • BMW
  • Continental AG
  • Denso Corporation
  • HARMAN International
  • LG Display Corporation
  • Mazda Motor Corporation
  • Mercedes-Benz MBUX
  • Preh GmbH
  • Robert Bosch GmbH
  • The Ford Motor Company
  • Visteon Corporation
  • Volvo Cars

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Sales Analysis of Center Information Displays (2017-2021) Vs. Market Outlook (2022-2032)

Automotive displays have been in use earlier with just a few knobs and buttons to become the pathway to provide important vehicle information to the driver and passengers. Center information displays now come with additional features and advanced technologies, such as navigation, music, entertainment, cabin temperature controls, and much more.

Rapid growth in the automotive sector has created opportunities for center information displays with newer technological advancements and attractive looks.

  • Short Term (2022 Q2 to 2025): Rising utilization and integration of smart technology in center information displays with advanced specifications to positively impact center information display demand growth.
  • Medium Term (2025-2028): East Asia and Europe anticipated to witness high demand for center information displays with rising automotive industry.
  • Long Term (2028-2032): Increase in use of LED center information displays to market demand.

Between 2017 and 2021, the global center information display market registered a CAGR of 0.4%, and according to Fact.MR, a market research and competitive intelligence provider, the market is set to exhibit high growth at 7.9% CAGR through 2032.

Center information display market forecast by Fact.MR

Market share analysis of center information displays based on size and region is provided in a nutshell in the above image. 10-15 inch CIDs dominate with 66% market share in 2022.

What’s Driving Demand Growth for Center Information Displays?

“Growing Integration of Center Information Displays in Passenger Vehicles”

Since smartphones can now be connected directly to automobiles owing to technological advancements in the telecommunications industry, the market for car center information displays has witnessed significant growth. Digitalization and connectivity, which guarantee a high level of customization for drivers and passengers, are increasingly influencing the automobile sector by creating more appealing interiors for cars.

With broad expertise in display technologies comes a strong comprehension of mechanical integration and validation, which incorporates knowledge of the product's hardware and software. Human machine interfaces (HMI) will be a major differentiator for the cockpits of vehicles in the future.

Driver information displays, which give the driver necessary information and the passengers a display, come with extra features and have a wide variety of specifications that allow passengers to enjoy more individualized entertainment experiences. Furthermore, analog buttons will soon virtually vanish from automobile cockpits and will feature minimalist interior designs.

“New OLED Technology Shaping Infotainment in Vehicles of the Future”

OLED is a light-emitting technology that is used to make flexible, thin displays. Several automakers have already incorporated OLED panels into their center information displays. The promise of advanced driver assistance systems (ADAS) is that they increase vehicle safety by making driving easier and removing the sources of driver distraction and inattention, which frequently result in serious accidents.

TFT LCD and OLED dashboard displays are being adopted for controlling the air conditioning, music functionality, temperature, and many other things. Many hybrid and electric vehicles today use screens to show performance functions. Owing to all these factors, the installation of center information displays will increase at a much faster rate over the coming years.

“Increase in R&D in Automotive Industry to Support Market Growth”

The market for automobile center information displays requires higher spending on research and development and is generating fresh concepts and developments. To boost comfort to a much higher degree, some major companies, including Google and Apple, are working to create driverless cars with central information display systems that can be operated with voice and gesture controls.

Voice instructing through car speakers also makes it much simpler to find the right route while driving. Furthermore, the market for automotive center stacks is predicted to grow even more quickly in the future due to the rise in the development of electric and autonomous vehicles.

Demand for center information displays is set to grow 2.1X during the forecast period (2022-2032).

An Adaptive Approach to Modern-day Research Needs

Country-wise Insights

What is the Stance of the U.S. Center information display Market?

The United States center information display market is currently estimated at US$ 97.1 million and is expected to reach US$ 210.3 million by 2032.

The United States dominates the global center information display market as it enjoys huge investments in the automotive and electronic industries. Currently, the United States is one of the leading car manufacturers in the world by volume and produced around 1.5 million passenger vehicles in 2021. Moreover, the U.S. is the third-largest EV manufacturer in the world.

Government initiatives and promotion activities are complementing EV market growth, which will also support center information display market expansion. Owing to a strong economy and prominent market players operating in the country, the United States will hold significant potential for center information display sales over the coming years.

Why is the China Center information display Market Expected to Be Highly Lucrative?

China is a leading market for vehicle manufacturing and sales. Moreover, the Chinese government has estimated the domestic market to reach a total sales volume of 35 million vehicles annually by 2025.

  • According to the Chinese Ministry of Industry and Information Technology survey, China sold around 25 million vehicles in 2020.

Market expansion is also being impacted by the fast growth of EV vehicles in the automotive industry. China recorded the strongest growth in the EV market with around 3.2 million EV vehicles sold in 2021 while taking a long jump from 6% share in 2020 to 13% share in 2021 in overall vehicle sales.

China accounted for roughly three-fourths of East Asia’s center information display production in 2021. The China market for center information displays is expected to reach US$ 520.5 million by the end of 2032.

Category-wise Insights

Why are LED Center Information Display Most Widely Used?

There has been rapid growth in electric vehicles and autonomous driving & connected cars, which has led to the growth of the automotive industry. LED technology completes entirely new design options for light sources and has gained huge interest among customers with the help of attractive looks and multi-functional devices in vehicles.

  • South Korea’s LG Electronics developed a premium in-vehicle infotainment system in the EQS luxury electric vehicle from Mercedes Benz AG.

Thus, the integration of OLED center information displays has increased steadily, surpassing a valuation of US$ 430.4 million in 2021. Furthermore, with the mounting global automotive display market, the LED sub-segment is predicted to expand 2.3X by the end of 2032.

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Competitive Landscape

Prominent center information display manufacturers are 3M Company, ADAYO (Huizhou Foryou Optoelectronics Technology Co Ltd), AUDI AG, BMW, Continental AG, Denso Corporation, HARMAN International, Hyundai Mobis, JDI Europe GmbH, LG Display Corporation, Magneti Marelli S.P.A., Mazda Motor Corporation, Mercedes-Benz MBUX, MTA S.p.A, Preh GmbH, Robert Bosch GmbH, Socionext, Texas Instruments Incorporated, The Ford Motor Company , Visteon Corporation, and Volvo Cars.

Prominent manufacturers of center information displays are trying to adopt newer technologies to stay on top of the competition. Key manufacturers are focused on inventing new techniques, enhancement of safety & comfort, robust display quality, and much more.

  • In June 2022, Continental AG developed an intelligent solution for automated driving systems in Germany. It has achieved great success in its work on technologies, such as human machine interaction (HMI) and special driving functions for inner-city intersections.
  • In February 2022, Harman International, a subsidiary of Samsung Electronics Co. Ltd, acquired mixed reality pioneer Apostera.
  • In January 2022, Visteon Corporation announced that it will bring in the high perceptual quality advanced cockpit display technology. This innovation will provide superior information to the driver and advanced in-vehicle infotainment.

Fact.MR has provided detailed information about the price points of key manufacturers of center information displays positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Center information display Industry Research

  • Center information display Market by Type :

    • LCD (Includes TFT LCD)
    • LED (Includes OLED)
  • Center information display Market by Size (Individual Display) :

    • Less than 10 Inches
    • 10-15 Inches
    • Above 15 Inches
  • Center information display Market by Product Type :

    • Touch Screen
    • Hybrid
  • Center information display Market by Vehicle Category :

    • Passenger Vehicles
      • Mid-Size
      • Compact
      • Luxury
      • SUVs
    • Commercial Vehicles
      • LCVs
      • HCVs
      • Coaches & Buses
  • Center information display Market by Sales Channel :

    • OEM
    • Aftermarket
  • Center information display Market by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global center information display market is estimated at US$ 662.9 million in 2022.
Worldwide demand for center information displays is anticipated to reach US$ 1.4 billion by 2032.
During 2017-2021, sales of center information displays increased at 0.4% CAGR.
East Asia will lead global sales of center information displays accounting for 50.1% market share by 2032.
LED center information displays account for 70.1% share of global sales in 2022.

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