Smartphones and Automotive Displays Bolster Panel Market

Taiwan’s MIC has predicted the first ever decline in the worldwide tablet market this year. However, small- and medium-size TFT-LCD panel (SMP) shipments will be upheld due to strong growth momentum of smartphones and automotive displays. MIC expects SMP shipments to reach 3.1 billion in 2015 and 2016 – exhibiting low (0.1% and 0.3%, respectively) growth each year.

Thanks to high demand in China, smartphones have become the main growth driver for SMPs. Last year, smartphones represented about 40% of total shipments worldwide. Automotive panels also sustained growth, thanks to vendors’ long-term deployment in the niche market – and the increasing consumer demand for in-care mobile communications and AV systems.

Worldwide Small- and Medium-Size TFT-LCD Panel Shipment Volume, 2015 – 2019 (000s)
2015 (E) 2016 (F) 2017 (F) 2018 (F) 2019 (F)
Shipments 3,104,283 3,113,395 3,083,406 3,071,357 3,093,671
YoY Growth 0.1% 0.3% -1.0% -0.4% 0.7%
Source: MIC