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Connectivity, infotainment boost car display market

Posted: 05 Jan 2016     Print Version  Bookmark and Share

Keywords:IHS  automotive  display system  HUD  supply chain 

According to the latest report from IHS Inc., the worldwide revenue from automotive display systems will grow at a CAGR of more than 11 per cent to $18.6 billion by the end of 2021, resulting from continued innovation in vehicle connectivity and safety technologies. This will add nearly $9 billion in annual revenue compared to 2015, added the market research firm.

Data from the Automotive Display Systems Forecasts from IHS represents production of instrument cluster systems, head-up display systems and centre stack display systems as full automotive modules, not just display panels. Centre stack display systems are expected to account for half of the overall revenue growth, while head-up display (HUD) systems will boast the strongest revenue CAGR at nearly 21 per cent from 2015.

"The automotive displays supply chain will see some amazing growth and innovation through the end of the decade, as more vehicles debut new displays or standardise larger ones in the instrument cluster, centre stack and head-up display systems," said Mark Boyadjis, senior analyst and manager for infotainment and HMI at IHS Automotive. "There is additional growth opportunity in lower volume display applications for rear seat entertainment, HVAC control panels and new applications such as smart mirrors with full displays entering the market now."

Global automotive monitor display forecast, shipment

IHS predicted that global revenue from automotive display systems will grow at a CAGR of more than 11 per cent to $18.6 billion by the end of 2021, resulting from innovation in car connectivity and safety.

Global production volumes for factory-installed centre stack and instrument cluster display systems are each estimated to grow by more than 40 per cent over the forecast period, each surpassing 60 million units by 2021. IHS forecasts an even higher growth rate for the production of head-up display systems, which will exceed 65 per cent, surpassing six million units annually in that same timeframe.

The forecasted global growth in display systems is based on multiple factors. In China, for example, overall volume is boosted, because OEMs are beginning to add smaller displays into the instrument cluster and centre stack, while regional vehicle sales also grow. Meanwhile, head-up display systems are growing globally, as prices for these innovative display technologies fall and they become increasingly relevant to reduce driver distraction.

Displays grow in both volume and size

Automotive displays are increasing in volume and in size. IHS forecasts global shipments for automobile display components overall to grow at a CAGR of more than six per cent to 170.6 million units by the end of 2021. According to IHS, at least two TFT-LCD or AMOLED displays will be in all new cars produced in 2021.

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