Market Research Analysis Display Industry - 26022018 | Page 2

Pune, Maharashtra, India, February 12, 2018 —The display panels are expected to be oversupplied in 2019 and
beyond, while being undersupplied till 2018 as various players are establishing new Gen 6 and above facilities.
Samsung’s decision of closing LCD plants and investing in OLED facilities created undersupply in the LCD
market; hence, several Chinese panel manufacturers ramped up their production to fill the supply gap. BOE,
with its Gen 10.5 facility, is expected to become a leading supplier of TFT-LCDs, in terms of panel area, 2019
onwards. Larger sheets will eventually increase the production capabilities of panel suppliers. Revenues of
large panel suppliers increased 12% Y-o-Y in 2017 and the display panel area shipments for large applications
(>9 inches) increased by 10 million square meters. There was a significant growth in unit shipments in 2017 as
compared to 2016. According to Mr. Sachin Garg – Associate Director at MarketsandMarkets, Revenue
growth is expected to continue till 2019 due to the increasing penetration of high-priced panels offering better
resolution, wide viewing angle, and attractive design. The growth in area production will continue in the
coming years due to ever-increasing average panel size for various applications; however, saturated unit
shipments will affect the ASPs of panels, 2019 onwards.
60
Micro-LED Panels by 2025
50
40
30
Direct-View LED Displays
by 2023
20
OLED Panels by 2023
Large Format
Displays by 2023
10
Display Materials &
Components by 2023
0
0
5
10
15
20
25
30
35
40
45
50
Market Size (USD Billion)
Source: MarketsandMarkets Report Repository
“The market for smartphone panels is reaching saturation—crossing 2 billion shipments in 2017; flexible
panels are expected to gain more than 50% market share 2019 onwards compared with rigid ones while LCD
panels are expected to decline to 30% market share by 2022”, said Mr. Sachin Garg. The market for desktops
and televisions is somewhat saturated, in terms of unit shipments; however, the demand for 4K television
panels is increasing rapidly. Furthermore, the demand for small panels is increasing for wearables—NTE
devices, smartwatches, and smart bands; however, it will contribute to a smaller portion of panel makers’
revenues. Panel makers can expect high demand for signage applications where direct-view LED displays are
expected to lead in the long term. The in-depth analysis of market trends and developments are provided in
Large Format Display (LFD) market, a report released by MarketsandMarkets Research Private Ltd.