Forecast: Advanced TV shipments to grow 17% CAGR
October 5, 2022
By Chris Forrester
A report from Display Supply Chain (DSCC) predicts that shipments of advanced televisions will grow at a CAGR of 17 per cent in the period to 2026.
Advanced TVs, as far as DSCC is concerned, include WOLED, QD-OLEDs, QDEF, MicroLEDs and MiniLEDs units with 4K and 8K resolutions.
That suggested growth curve will mean 34.6 million units and worth $36.1 billion according to DSCC’s data and drawn from the latest update to DSCC’s Quarterly Advanced TV Shipment and Forecast Report.
In its update, DSCC’s forecast for OLED TV has been reduced as the competition between OLED and MiniLED has heated up.
“With the steep declines in LCD TV panel prices since mid-2021, MiniLED TVs have been priced more aggressively and are expected to continue to gain share,” says DSCC.
The researchers remind readers that two advanced TV technologies appear in its historical data but are not included in its forecasts, because both technologies appear to be discontinued.
“Dual Cell: LCD TVs employing dual-cell technology, as introduced by Hisense in 2019. Dual Cell appears to be phased out in TV, we forecast zero volume for this technology starting in 2022; Rollable OLED TV, introduced by LG in 2021, has been discontinued in 2022,” says DSCC.
For the full year 2022, DSCC expects advanced TV shipments to increase by 13 per cent Y/Y to 22.1 million units and expects revenues to increase by 8 per cent to $29.5 billion.