5% dip in automotive monitor displays, first in a decade

5% dip in automotive monitor displays, first in a decade

Market news |
By eeNews Europe

Global shipments of TFT LCDs used for automotive monitor displays are set to decline to 156 million units in 2019, down 5 percent from 2018, according to the market research firm. The trade clash has already taken a toll on China, with the country in August facing a slowdown in growth in industrial production, fixed-asset investment and retail sales. Retail sales in China were particularly impacted by the slowing growth of the auto segment.

“After the currency crisis of 2008, the market for TFT LCDs used for automotive monitors entered the fast lane, with annual shipments rising to 162 million units in 2018, up from 18 million in 2009,” explains Hiroshi Hayase, senior director, small-medium display, at IHS Markit.

“However, shipment growth has hit the brakes in 2019 as China’s economy is facing an increased risk of recession due to the trade uproar. Increased U.S. tariffs on Chinese cars and automotive components are causing the market to suffer its first downturn in 10 years.”

Automotive monitor market

Automotive monitors are gaining acceptance due to the steady expansion of electronic controls in cars, covering areas including safety, convenience, entertainment and energy-savings. Auto monitor equipment products areas include center stack displays (CSD) with navigation, multifunction monitors in instrument clusters, head-up displays (HUD) and rear seat entertainment (RSE) systems.

“The downturn is having a negative impact on every display maker that expected the automotive segment to become the next big growth opportunity in 2019,” Hayase says. “On the upside, automobile monitor display demand is expected to return to growth after 2020. Autonomous cars and new safety monitoring features will increasingly drive sales of cars with multiple displays in the coming years, boosting monitor requirements from the industry.”

The IHS Markit Automotive Display Intelligence Service provides quarterly updates of all automobile display shipment and revenue by application, size, resolution, and technology including with analysis of display design and technology trend.

IHS Markit –


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