Flat Panel Display Demand Increased by Double Digits in 2018
April 18, 2019 | IHS MarkitEstimated reading time: 1 minute
For the first time in four years, demand for flat panel displays grew double digits at 10.5%, year over year, to 221 million square meters in 2018, according to business information provider IHS Markit.
“Although uncertainties about the global economy grew in the second half of 2018, panel purchasing for the year-end hot season was better than expected,” said Ricky Park, director of display research at IHS Markit. “Lower prices fed a sharp increase in panel demand for TVs, smartphones and desktop monitors.”
Demand for OLED TV panels increased by 65.6%, year over year, reaching 3 million square meters in 2018. LCD TV panel demand rose 10.7% to 154 million square meters during the same period. “Growing popularity of 60-inch and larger TV panels contributed to the growth in overall TV panel area demand,” Park said.
Panel demand for desktop monitors increased by 11.9% in 2018, led by the U.S. market. “As the gaming market has grown, a preference for larger monitors also raised demand,” Park said. Demand for 25-inch and larger monitor panels jumped 39% in 2018 compared to a year ago.
As the smartphone market saturated, smartphone panel demand declined to 1.6 billion units in 2018 from 1.7 billion units in 2017. However, in terms of area, demand grew 6.1% in 2018, as a large number of smartphones applied full-screen panels
IHS Markit forecasts that the flat panel area demand for 2019, will grow 5.1%, slower than it did in 2018. The economic forecast by IHS Markit has recently been revised downward, which will partially contribute to slower growth in end-market demand.
About IHS Markit
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions.
Suggested Items
Commercial Demand Continues to Be the Main Driver of Personal Computing Device Shipments into the GCC Region
03/26/2024 | IDCThe Gulf Cooperation Council (GCC) personal computing device (PCD) market, which is made up of desktops, notebooks, and workstations, declined 4.0% year on year in 2023, with high inventory levels and reduced consumer spending the primary causes.
Suppliers Aim to Raise Contract Prices, But With Uncertain Demand, 2Q24 DRAM Price Increase Expected to Narrow to 3–8%
03/26/2024 | TrendForceTrendForce’s latest report reveals that despite DRAM suppliers’ efforts to trim inventories, they have yet to reach healthy ranges. As they continue to improve their lose situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Arlon EMD and EMC Announce Expansion in California
03/25/2024 | Arlon EMDArlon EMD, a division of Elite Materials Company (EMC), announces a factory expansion at the Rancho Cucamonga, CA location. Arlon is a global leader in high performance thermoset substrates for mission critical printed circuit boards manufactured for high endurance and long-life programs. Arlon has a 45-year history of manufacturing specialty materials for the Aerospace, Industrial and Military (AIM) markets.
Intraratio Enhances MES + Yield / IoT Management with New Advanced Manufacturing Analytics
03/22/2024 | IntraratioIntraratio announced AICard, which harnesses the power of artificial intelligence and machine learning to empower manufacturers to make informed decisions quickly and accurately regarding product quality and manufacturing line performance and optimization.