IHS Predicts Continued Growth for Large TFT Displays

IHSMarkitNew figures released by IHS Markit have revealed that the large-scale thin-film transistor LCD display market continues to follow an upward trajectory, despite a decline in overall demand.

Despite this downturn, unit shipments are still expected to grow by 1% in 2017, reaching 688 million shipments.

170911 Large TFT display shipment forecast in 2017

However, as end users begin to switch their TVs out for larger screen sizes, area shipments are projected to grow by 6%, to 180 million square meters.

Unit shipments of tablet PC displays are expected to achieve the highest year-on-year growth of 10%, to reach 93 million units. IHS Markit’s Principal Analyst Peter Su said:

“It is because first-tier set brands are increasing the number of tablet PC models with larger screens. The new 10.5-inch iPad Pro is a good example”.

Notebook PC displays come in second, expected to reach approximately 175 million units shipped, a growth of 4%.

Meanwhile, TV displays have declined by 3% year-on-year, dropping to 257 million units. Su attributes this downturn to consistently high prices of large TV displays and a revision of manufacturers’ business plans, including a reduction in their panel purchasing.

On the other hand, the television market accounts for 78% of area shipment, as consumers begin to move up to larger-sized TVs. Su commented:

“First-tier panel makers, especially South Korean companies, already started shifting their production to larger sizes — 49 inches or larger — while reducing production of smaller panels, with lower profitability, to achieve better financial performance.

Chinese panel makers are following suit and started increasing production of larger TV displays to 43-inch or larger”.

LG is predicted to hold the largest market share with 21%, followed closely by China’s BOE with 20.7%.

170911 Large TFT display unit shipment share forecast by panel maker in 2017