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Small/Medium Panel Shipments to Grow at 3.5% Over the Next 5-Years
October 08, 2018
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Digitimes Research predicts that the popularity of OLED display will cause global small/medium TFT LCD panel shipments to decline at a CAGR of 3.5% from 2018 to reach 2.02 billion units in 2023. The decline in demand will also cause Japan and Korea based LCD flat panel makers to close smaller and less efficient older fabs. The one bright spot has been the continued use of LCDs by Apple for one its new iPhone devices in 2018 but reports indicate that Apple could shift to all OLEDs in 2019.  Digitimes Research said that panels in the handset sector are expected to grow at a CAGR 0.6% from 2018-2023 due to a saturation of the handset market. But shipments of the LCD models to the handset sector will suffer a negative CAGR 6.3% during the forecast period, with the penetration rate of AMOLED panels in the sector likely to climb 44.5% in 2022. Demand for small/medium panels for industrial control and automotive applications and for IoT-enabled devices such as smart speakers and household appliances will become new growth drivers for the industry at the time when a number of portable consumer electronics devices including handsets, tablets, digital cameras, PNDs and hand-held gaming devices have become mature or begun to fade away, Digitimes Research said.

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