Source: Taiwantrade | Updated: 06 March 2015
Taiwanese IC companies said recently that their primary objective this year will be to capture a share of the rapidly expanding market for automotive display chips.
According to U.S.-based research organization IHS Inc., global shipments of automotive displays rose 33 percent year-on-year in 2014 to 87.3 million units, with total output value growing 26 percent to US$848 million.
Automotive applications have become the second largest market for small- to medium-sized display panels, after smartphones, IHS said.
In contrast, the market for smartphone displays last year grew 4 percent to US$1.2 billion, according to IHS.
Among the Taiwanese companies looking to carve out a share of the automotive display IC market, FocalTech Systems Ltd. said the company is hoping to obtain the required product certifications and begin shipping ICs for automotive panels before the end of this year.
Himax Display saw its automotive display IC revenues increase by 50 percent last year, helping the company's overall sales of ICs for small- and medium-sized panels grow 7.3 percent on the year.
Novatek Microelectronics Co., a bellwether Taiwanese display driver IC company, has also gotten involved in the automotive display market.
Chia Yi Lin (email@example.com)
Source: Focus Taiwan