Global vehicle touch module shipments are expected to grow slightly by 1.1 percent to 64 million units in 2019, according to data from ihs markit / technology, now owned by informa tech.
It will continue to grow modestly over the next two years, with 1.4 percent in 2020 and 2.4 percent in 2021, as described in the vehicle Touch and user Interface report.
However, growth is expected to expand in 2022, with an annual expansion of 7.2 percent. The market will continue to grow in 2023, with shipments healthy 7.8 percent to 77 million units. "the main reasons for the recent weakness of the vehicle touch module market are the global economic downturn, slowing demand and trade disputes between China and the United States," said kimi lin, a senior analyst in the ihs markit / technology touch and user interface research department.
However, with the future economic recovery and the gradual popularity of self-driving cars, the market is expected to expand growth in 2022. "