Vertical Divider
The Shrinking Flat Panel Industry 4-Year CAGR -- -1.7%
April 19, 2020
Omdia reports that the flat panel industry will contract by 11.1% in 2020 and that even though 2020 is an aberration, the decline started in 2017, when shipments peaked at 3.6b and have been going down ever since at the rate of -1.7% per annum through a forecasted 2021. The only good news is that the 2020 downturn is not expected to sneak into 2021, which is expected to make up much of the prior year’s shortfall.
Figure 1: Flat Panel Shipments and Growth – 2007 to 2021
April 19, 2020
Omdia reports that the flat panel industry will contract by 11.1% in 2020 and that even though 2020 is an aberration, the decline started in 2017, when shipments peaked at 3.6b and have been going down ever since at the rate of -1.7% per annum through a forecasted 2021. The only good news is that the 2020 downturn is not expected to sneak into 2021, which is expected to make up much of the prior year’s shortfall.
Figure 1: Flat Panel Shipments and Growth – 2007 to 2021
Source: Omdia