In 2024, the growth rate of display demand based on unit volume is expected to remain similar to the previous year at approximately 1%. However, demand for larger-sized displays is expected to increase steadily due to improved productivity and enhancements in display technology.
According to Ricky Park, Senior Principal Analyst in Omdia's Display research practice, "The 80-inch and larger-sized TV market initially focused on improving profitability and operating rates for panel suppliers, but this year, it is shifting towards significantly expanding consumer demand. Panels are being supplied at lower prices due to improvements in productivity and yield, and they are likely to be released to the market at more attractive prices during the peak season in the second half of this year."
Omdia forecasts show panel suppliers aim to ship 7.8 million 80-inch or larger-sized TV panels this year, a 35% increase from the previous year. In the overall display market, the area-based proportion of displays larger than 80 inches is expected to be around 7% this year, increasing to 11% by 2030. Given that investing in FABs larger than Gen10 in no longer challenging, panel suppliers will maximize the use of existing Gen8 or Gen10 FABs, with the rise in demand expected to improve FAB operation rates.
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Fasiha Khan - Fasiha.khan@omdia.com