Mandatory Reversing Cameras Will Make Sales of Automotive LCDs to Double by 2016
Most of these LCD screens are now in full colour, and usually of high quality, and the number of such screens used in the automotive industry is set to almost double by 2016. Studies estimate that around 117 million units will be delivered by the aforementioned year - 89% up from last year's figures, and sales are set to grow at a rate of between 15% and 23%, surpassing the hundred-million-unit mark in 2015.
Why this sudden increase in the demand for such screens? Well, the US will be making the fitting of rear-view cameras on all new cars a legal requirement, in 2014, after having postponed the move three times so far.
The costs associated with the move are huge, and the matter is being discussed at the White House's Office of Management and Budget, as it is expected to be one of the most expensive rules currently pending approval in the US - $2.7-billion.