It’s Only Common Sense Mastering the Follow-Up—The Key to Closing More Deals
Driving Innovation: Registration in PCB Production Throughout the Process
Dan's Biz Bookshelf: 'Getting Naked: A Business Fable'
Flat Panel Display Demand Increased by Double Digits in 2018
April 18, 2019 | IHS MarkitEstimated reading time: 1 minute
For the first time in four years, demand for flat panel displays grew double digits at 10.5%, year over year, to 221 million square meters in 2018, according to business information provider IHS Markit.
“Although uncertainties about the global economy grew in the second half of 2018, panel purchasing for the year-end hot season was better than expected,” said Ricky Park, director of display research at IHS Markit. “Lower prices fed a sharp increase in panel demand for TVs, smartphones and desktop monitors.”
Demand for OLED TV panels increased by 65.6%, year over year, reaching 3 million square meters in 2018. LCD TV panel demand rose 10.7% to 154 million square meters during the same period. “Growing popularity of 60-inch and larger TV panels contributed to the growth in overall TV panel area demand,” Park said.
Panel demand for desktop monitors increased by 11.9% in 2018, led by the U.S. market. “As the gaming market has grown, a preference for larger monitors also raised demand,” Park said. Demand for 25-inch and larger monitor panels jumped 39% in 2018 compared to a year ago.
As the smartphone market saturated, smartphone panel demand declined to 1.6 billion units in 2018 from 1.7 billion units in 2017. However, in terms of area, demand grew 6.1% in 2018, as a large number of smartphones applied full-screen panels
IHS Markit forecasts that the flat panel area demand for 2019, will grow 5.1%, slower than it did in 2018. The economic forecast by IHS Markit has recently been revised downward, which will partially contribute to slower growth in end-market demand.
About IHS Markit
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions.
Share on:
Suggested Items
SolderKing Achieves the Prestigious King’s Award for Enterprise in International Trade
05/06/2025 | SolderKingSolderKing Assembly Materials Ltd, a leading British manufacturer of high-performance soldering materials and consumables, has been honoured with a King’s Award for Enterprise, one of the UK’s most respected business honours.
DuPont Reports First Quarter 2025 Results
05/02/2025 | PRNewswireDuPont announced its financial results for the first quarter ended March 31, 2025.
KLA Reports Fiscal 2025 Q3 Results
05/02/2025 | PRNewswireKLA Corporation announced financial and operating results for its third quarter of fiscal year 2025, which ended on March 31, 2025, and reported GAAP net income of $1.09 billion and GAAP net income per diluted share of $8.16 on revenues of $3.06 billion.
Meet Thiago Guimaraes, IPC's New Director of Industry Intelligence
05/05/2025 | Chris Mitchell, IPC VP, Global Government RelationsThe fast pace of innovation in the electronics manufacturing industry means business owners must continuously adapt their processes and capabilities to meet changing customer demands and market trends. To that end, IPC has hired Thiago Guimaraes as the new director of Industry Intelligence. In this interview, Thiago shares key goals and objectives that could revolutionize the industry as he helps stakeholders navigate industry trends and challenges.
Alternative Manufacturing Inc. (AMI) Appoints Gregory Picard New Business Development Manager
05/01/2025 | Alternative Manufacturing, Inc.Alternative Manufacturing Inc. (AMI) is pleased to announce the appointment of Mr. Gregory Picard as our new Business Development Manager. Picard brings a wealth of experience in Sales and Business Development, having worked with some of the most prominent names in the industry.