As their profits soared in 2021, AUO and Innolux, two major panel manufacturers, have made investments in hopes of capturing shares in the vehicle mount display (VHD) market. Innolux, focusing on the design of smart vehicle cabins, showcased its Integrated Cockpit Display System at the CES event this year. AUO applied a large size AmLED displays to vehicles, aiming to secure shares in the automotive center console and dashboard market.

Last year, Innolux generated more than NT$51.5 billion ($1.87 billion) between 1Q21 and 3Q21, with annual revenue hitting a 6-year high of NT$350 billion ($12.7 billion; 29.7% YoY). In the earnings call, Innolux president James Yang said that the company aims at becoming the world’s top supplier of advanced all-in-one automotive panels in 2023. The panel manufacturer will likely seize a 20% share in the advanced VHD market, where vehicle sales have reached 1.4 million units per year.

Currently, Innolux has received orders from automotive giants including Tesla, Jaguar, BMW, Ford, Porsche, GM as well as leading automakers in China.

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Yang indicated that the penetration of display panels is soaring in the automotive market. In the coming years, the demand for smart cabin and digitalized information integration will contribute to the growth of panel products with high added value.

Innolux predicts that the demand for 20-inch and bigger all-in-one automotive displays will skyrocket in the next 5 years. Through deep cooperation with its customers, Innolux focuses on the in-cabin design of luxury and flagship vehicles. Presently, the Taiwanese panel maker has shipped its Mini LED-backlit automotive displays to clients in Europe, the US and Japan.

During CES 2022, Innolux was the first to launch an Integrated Cockpit Display System based on human-centered design that prioritizes driving safety.

As for AUO, it impressively earned NT$50.6 billion ($1.84 billion) in the first three quarters in 2021. After announcing its revenue in December 2021 on January 10 this year, the company posted its highest revenue in 7 years. (Source: Economic Daily News)