The global demand for automotive display systems is expected to continue a strong growth path in 2018. According to the latest Automotive Display Systems Forecasts by IHS Markit, OEM production of the three primary automotive display systems -- instrument cluster, center stack and head-up display systems -- is expected to reach 118.5 million units globally by the end of 2018, representing a 9 percent growth in volume over 2017. While the volume is growing significantly, the value of the market is growing even faster. In 2018, IHS Markit estimates just these three display systems to bring in $13.5 billion in tier-one supplier revenue, representing a 17 percent growth over 2017.
Demand for more displays in automotive applications is strong, but a major enabler to this growth comes from the supply chain. Large global display panel manufacturers in Asia have recently invested heavily in automotive display panel production in order to continue sales growth as display markets in other areas have slowed, such as smartphones and tablet PCs.
According to the latest Automotive Display Market Tracker by IHS Markit, global shipments of automotive display panels are set to increase by 11 percent reaching 164 million units in 2018, following an equally strong 9 percent growth in 2017, which had reached 148 million units.
As an example, global display shipments for rearview mirror applications are forecast to soar 52 percent in 2018 to 1.6 million units, beyond the 1.0-million-unit mark set just last year. While automakers are keenly aware of the growing demand in this sector, the aftermarket mirror manufacturers are responding quicker to the trend and represent a majority of today's global production.
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