Global Panel Shipments Will Grow By 9.1% In 2021

Views : 899
Author : China LCD panel supplier
Update time : 2020-05-05 15:42:45
COVID-19 has hit global sales of televisions and smart phones, reducing the demand for related panels. Omdia estimates that global shipments of large, medium and small panels will decline by 11.1% this year, falling to 3.2 billion from 3.6 billion last year, for the first time since the 2008 financial crisis.

Ricky Park, director of Omdia display industry research, said that the COVID-19 epidemic has spread around the world, government roads have been closed management, stores have been closed, resulting in a sharp decline in terminal consumption. Televisions and smart phones, in particular, are the most affected because most sales rely on brick-and-mortar stores, with falling sales of the two major consumer electronics and falling demand for panels. But after a sharp decline in demand this year, demand is expected to rebound sharply in the future, with panel shipments growing by 9.1% in 2021, a 10-year high.

In terms of apps, TV and smartphone sales have been the most affected this year, with Omdia forecasting a 9.5 per cent decline in TV shipments and about a 10 per cent decline in smartphone shipments. By contrast, demand for IT products is relatively stable, with demand for IT products increasing recently due to work at home and online learning. Shipments of monitors are expected to decline only slightly by 1.9 per cent this year, while shipments of laptops are expected to decline by about 5.8 per cent.

However, the new panel production capacity this year is mainly 10.5 generation factories, and the increase in oversized panel shipments still leads to a slight increase of 1.8% in the panel shipping area. High-end panels such as flexible, folding panels, as well as ultra-narrow borders, or even frameless panels, shipments maintain growth.

A major focus of the display industry this year is the withdrawal of South Korean panel factories from the LCD panel market. South Korean panel factories will gradually close their 7.5G and 8.5G panel production lines this year, reducing shipments of small and medium-sized TV panels. Most of the new capacity is more than 65 inches of oversized panels, which will increase the shipping area this year.

South Korean panel factory shifted its focus to AMOLED panels, while China also has new production capacity of AMOLED panels. Omdia estimates that shipments of AMOLED panels will still maintain high growth this year. It is estimated that shipments of OLED TV panels this year will increase by 35.9% compared with last year, while shipments of AMOLED mobile phone panels will also have a growth rate of about 9%. With the change of production capacity structure, the development trend of display industry to large size and high-level technology is accelerating.
Related News
Read More >>
Navigating TFT LCD Suppliers: Your Comprehensive Guide to Finding the Perfect Fit Navigating TFT LCD Suppliers: Your Comprehensive Guide to Finding the Perfect Fit
Sep .14.2023
The journey to find the perfect TFT LCD suppliers is an essential step in delivering excellence. This article explores the key considerations for selecting TFT LCD suppliers, strategies for finding the perfect match, and the crucial role of comprehensive supplier evaluation.
Navigating the Quest for Ideal TFT LCD Suppliers: A Comprehensive Guide Navigating the Quest for Ideal TFT LCD Suppliers: A Comprehensive Guide
Sep .13.2023
Explore the comprehensive guide to finding the perfect TFT LCD suppliers. Learn about key considerations, strategies for matching your needs, and the importance of supplier evaluation for excellence in display technology.
Navigating Geographical Considerations for TFT LCD Screens: Local vs. International Perspectives Navigating Geographical Considerations for TFT LCD Screens: Local vs. International Perspectives
Sep .12.2023
Explore the complexities of geographical considerations in TFT LCD screen procurement. Learn about choosing suppliers, shipping impacts, and navigating language and cultural nuances for successful projects.
Fostering Effective Communication and Collaboration in TFT LCD Display Partnerships Fostering Effective Communication and Collaboration in TFT LCD Display Partnerships
Sep .11.2023
Explore the essential elements of effective communication and collaboration in TFT LCD display partnerships. Learn about communication channels, feedback, iterative changes, and managing expectations for success.
pop_close
pop_main
Know more about LCD technology?