In the context of the global automobile industry's dual carbon goals and the optimization and adjustment of industrial structure, new energy vehicles have become the main growth driver of the automobile industry, and the industry scale is showing an explosive trend. According to EVTank statistics, global new energy vehicle sales will reach 10.824 million units in 2022, with a compound growth rate of 54.74% from 2017 to 2022. At the same time, EVTank predicts that global new energy vehicle sales will reach 2,542 in 2025. million vehicles, with a compound growth rate of 32.92% in the next three years. Driven by the prosperity of new energy vehicles, the global automobile market is also accelerating its recovery, and the global automobile industry still has large room for development.
Driven by the core drive of "electrification, lightweight, and intelligence" in the automotive industry, the global automotive electronics scale continues to maintain rapid growth. In 2021, the global automotive electronics scale will reach US$45.6 billion. In the next few years, with the trend of technology upgrading in the automotive industry, the global automotive electronics scale will continue to maintain rapid growth.
As an important part of automotive electronics, the in-vehicle display market has also ushered in a new wave of its own development. At present, the in-vehicle display industry is gradually developing towards large-screen, high-definition, split-screen and personalization. The market share of new products such as central control screens, dual screens, and in-vehicle entertainment screens continues to increase; at the same time, according to data from Omdia, the International Organization of Automobile Manufacturers and LMC, the number of global automobile bicycle screens in 2020 is 1.82, and it is expected that by 2024 The number of bicycle screens per year will increase to 2.47. Global Market Insights predicts that the market size of the automotive display field will reach US$24 billion in 2025, with a compound growth rate of 12% from 2020 to 2025.
Weishi Electronics is one of the world's leading companies in automotive backlight display modules, occupying a leading position in the market with its competitive advantages accumulated through years of development.
With the evolution of automobile intelligence trends, new models such as large screens, multi-screens, curved screens, and special-shaped screens are emerging in the field of vehicle display. New technologies such as TFT-LCD, Mini-LED, and Micro-LED are constantly emerging.
Weishi Electronics said that the company entered the automotive display industry in 2008. With more than ten years of development, the company has integrated the main aspects of backlight display module R&D and production such as new product and process research and development, mold development and manufacturing, structural parts production, light guide plate and other precision component production, and electronic device assembly. In the process of advancing automobile intelligence and electrification, the company has closely followed the new market demands and industry technology frontiers, and has achieved the main products in large screens, multi-screens, curved screens, special-shaped screens, and Mini-LED. Waiting for technical iterations based on new requirements. At present, the company has successfully developed and achieved mass production of 48-inch ultra-large backlight module products; it has successfully developed a variety of Mini-LED backlight sources and introduced the Mini-LED packaging production line. Related products have received fixed orders from customers and will be gradually introduced into mass production.
It further stated that the implementation of the investment projects raised this time will enhance the company's manufacturing capabilities in the field of new display technology products and further consolidate the company's market leading position.
ANNA