The car display market is growing fast. Mainland Chinese brands account for 20% compared with the smart phone panel market. The car display application market is not very big. The IHS Markit report pointed out that in 2018, the annual shipment of car panels was less than 200 million pieces, and the shipment volume was less than 1/10 of that of mobile phone panels. However, because of high quality requirements and high unit price, it became the second largest application in the small and medium-sized panel market.
And the car display market is growing. According to relevant data, the global auto display market last year was 7 trillion won (about 6.5 billion U.S. dollars) and is expected to increase to 24 trillion won by 2024. Yang Sheng, manager of Tianma's professional display program architecture department, pointed out that from 2016 to 2022, the automotive TFT-LCD display market has a compound annual growth rate of 9.6%, nearly four times the growth rate of the vehicle terminal market. In 2017, the on-board TFT-LCD display market reached 129 million pieces, which will reach 144 million pieces in 2018 and is expected to reach 204 million pieces by 2020
According to the IHS Markit report, the car display market will reach 164 million units in 2018, of which 80 million units will be sold in the Central Stack Display (CSD) and 65 million units will be sold in the ICD. Other car display products are a minority.
he car display market maintained double-digit growth in the first quarter of this year. According to the Qunzhi Consulting Report, the global vehicle display market in the first quarter of 2018 reached 40.7 million units, a year-on-year increase of 10.1%.
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