Automotive Center Stack Market - Growth, Trends, Absolute Opportunity and Value Chain 2017-2025
Transparency Market Research has released a new market report entitled “Automotive Center stack Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” on to their report store.
Albany, NY -- (SBWire) -- 09/18/2017 --Automotive center stack refers to the controls and buttons placed beside the driver in front of a vehicle. Air conditioning buttons, parking light, audio-video system and temperature display among others are part of the center stack in a vehicle. The center stack serves as a functional and aesthetic feature in a vehicle. The controls and buttons helps the driver to control various things within a vehicle. The advancement of automotive electronics has brought a transition in the automotive center stack market. The automobile users of today look for a number of electronics and infotainment features fitted into the center stack of a vehicle. In addition to air conditioning buttons, parking light, audio-video system and temperature display; biometric vehicle access systems, human machine interface and gesture recognition systems, telematics controls, ABS controls and traction control systems can also be fitted in the center stack of modern vehicles.
Increasing production of vehicles and rising demand for passenger vehicles is a major driving factor for the automotive center stack market. Moreover, growth in the automotive sector and rising investments in automotive center stack manufacturing companies across the world is set to influence the market significantly during the forecast period. In addition, demand for automotive telematics and infotainment features in vehicles is set to bolster the growth of this market, globally.
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The automotive center stack market can be classified by product, by material, by application and by geography. The product segment can be categorized into touch screen and, buttons and control. The material segment can be bifurcated into plastic and polymers, metal and others. The application segment can be classified into passenger vehicles, light commercial vehicles and heavy commercial vehicles. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
In the automotive center stack market, Asia Pacific holds the largest market share in terms of revenue followed by Europe, North America, Latin America and, Middle East and Africa (MEA). In the Asia Pacific region, countries such as China and India has been witnessing heavy demand and production for passenger vehicles. This in turn is increasing the application of center stack in passenger vehicles of above mentioned countries. In Europe, Germany is the most significant market and the largest contributor to the automotive center stack market in the region because of the presence of major automobile manufactures in Germany. In North America, the U.S. is the largest market for automotive center stack. The U.S. is the second largest manufacturer of automobiles in the world. The growth rate of automotive center stack market in Latin America, and Middle East and Africa is low considering the less usage and production of vehicles in the aforementioned regions. However, with the growth in the automotive sector and investments in automobile companies of Latin America and Middle East and Africa, the market for automotive center stack is expected to improve in the coming years.
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The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable and stronger than before. Key players in the global automotive center stack market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report. Major market participants profiled in this report include: Hyundai Mobis Co Ltd, Faurecia S.A., Alps Electric Co. Ltd, Delphi Automotive PLC, Johnson Controls Inc., Methode Electronics, Magna International Inc., Visteon Corp., Valeo Group. Calsonic Kansei Corp. and Continental AG among others.
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