89% growth in shipment forecasted for automotive LCDs by 2016

iSuppli has forecasted global shipments of automotive full-color liquid crystal displays (LCD) will nearly double during the four-year period from 2012 to 2016, partly propelled by a U.S. mandate on rear-view cameras that will result in expanding use in both midrange and economy-class vehicles. The findings shared by iSuppli includes: Shipments of these automotive LCDs are projected to reach 116.8 million units by 2016, up a lofty 89 percent from 61.7 million units in 2012, according to an IHS iSuppli Mobile & Emerging Displays and Technology Service from information and analytics provider IHS (NYSE: IHS). Each year during the forecast period will enjoy double-digit growth ranging from 15 to 23 percent, with shipments crossing the hundred-million-unit mark in 2015, as shown in the figure below. The products are all full-color thin-film-transistor liquid crystal displays, or TFT-LCDs. “A major driver of growth in the automotive LCD market during the next few years is a U.S. government mandate requiring all cars to incorporate rear-view cameras by 2014,” said Vinita Jakhanwal, director for small and medium displays at IHS. “The mandate will result in an increase in displays used in cars. Most of these displays will find a place in the center stack consoles of cars, causing center stack display market shipments to rise 21 percent year over year in 2014.” Rear-vi...