According to IHS Markit, the primary automotive display systems market will reach $11.6 billion in tier one supplier revenue globally this year. The most valuable are the centre stack displays and instrument cluster displays, representing global revenues of $6.1 and $4.8 billion respectively.
Head-up displays account for only $731 million today, but show the largest growth potential. In 2022, combined value from the centre stack display, instrument cluster display and HUD system markets will total more than $20.8 billion, which is an increase of $9.2 billion in annual revenue in just five years.
Brian Rhodes, an analyst at IHS Markit believes that there are a few different sources of this increase in display value within the automotive sector. The first area of growth is a simple volume increase with more vehicles adding new displays to the instrument cluster and centre stack, along with HUD deployments becoming more common. The second area of growth is in the technology value itself, as these displays are becoming larger and more capable, and therefore more expensive.
Visteon showed this HUD at CES. Image:Meko
Continental is expected to be the top supplier of primary automotive display systems this year, based on global revenue forecasts, with Visteon following closely behind. Panasonic, Denso and Bosch are the remaining market share leaders in the top five. Combined, these suppliers account for more than $6 billion in revenue resulting from centres stack display, instrument cluster display and HUD systems this year.
TFT LCD automotive display panel market shipments are expected to grow from 135 million units in 2016 to 200 million units in 2022. According to IHS Markit, this technology will represent more than 67% share of total automotive display shipments.
Japan Display, Innolux, Sharp, AU Optronics and LG Display are the top five TFT LCD automotive display panel manufacturers, representing more than 65% of the market in 2016. Although, IHS Markit expects to see increasing share gains from new entrants and possible ranking switches as well.
