Global TV Panel Shipments Expected to Decrease by 6.2% This Year

TV, modern flat screen LCD, LED.

[Asia Economy Reporter Changhwan Lee] It is forecasted that the global TV panel shipments will slightly decrease compared to the previous year.

On the 3rd, market research firm TrendForce projected that the expected global TV panel shipments this year will be 267.53 million units, a 6.2% decrease from the previous year.

TrendForce explained that there are several reasons for the decline in TV panel shipments this year. First, it is analyzed that consumers' preference for large-sized TVs is growing stronger. As demand for large TVs increases, manufacturers mainly produce large panels with higher selling prices, which is interpreted to mean that the total panel shipments have actually decreased.

Additionally, the expansion of factories by major panel manufacturers is slowing down, and the demand for panels for other latest IT devices is increasing, causing TV panel production to be pushed back.

They also added that domestic display companies have recently been reducing their LCD TV panel businesses, and the speed of increase in panel production capacity by major display companies in China is slower than expected.

Despite the recent increase in TV demand, overall production capacity has not increased, resulting in a decrease in shipments.

This situation is expected to continue next year as well. TrendForce forecasted that TV panel shipments next year will be 256.64 million units, a 4.1% decrease compared to this year. On the other hand, market demand is expected to continuously increase, leading to a tight supply and demand balance.

This content was produced with the assistance of AI translation services.