Consumers are wanting ever larger TV panels with demand multiplying four-fold over ten years.
IHS Markit says annual shipments of 60-inch and larger TV panels are forecast to exceed 20 million units in 2018 and to reach 54 million units in 2025, accounting for 19 per cent of the entire TV panel demand. Their combined share by shipment area is projected to almost triple to 33 percent in 2025 from 12 percent in 2016.
“Growth in the super-large TV panel market will be mainly driven by increasing investment in Gen 10.5 fabs, which is capable of producing super-large TV panels with economy of scale,” said Ricky Park, director of display research at IHS Markit. “This will, in result, cut production costs and supply prices that will be translated into a drop in TV prices.”
Demand is such that lead panel makers are expected to look to further improve picture quality across the board with the development of ultra-high definition (UHD) and 8K technologies.
“The ultra-large TV set market’s expansion will eventually help the panel industry digest fast-rising capacity and play a vital role in offsetting the fall in panel prices that could eat away overall revenue in the entire panel market,” Park said.