Research: China to take larger share of UHD panels
December 20, 2022
By Chris Forrester
Analysts at market research company Omdia say that China expects to take more than 50 per cent share of unit and area shipments in large area displays for the first time. Omdia adds that shipments of large-area display in 2022 decreased by 8 per cent YoY in unit terms and 3 per cent YoY, according to the firm’s latest tracker study.
“Global recession, demand erosion after a pull-in demand rush during the Covid-19 pandemic and the Russia-Ukraine war froze large area display demand from early 2022 while brands and retailers continued to buy panels and carry many inventories with strong demand expectation especially for IT products,” said Peter Su, Principal Analyst in Omdia’s Display research practice.
“As a result, TV brands cut panel procurement from Q2 2022 with IT brands following suit from the middle of 2022. Some brands cut panel demand by half of their original plan such as notebook PC and monitor displays, brands with OEMs still minimising their panel procurement in Q3 2022. Therefore, IT displays such as tablet PC, notebook PC and monitor displays are leading large area display shipment decrement in 2022.”
According to Omdia, China is expected to take 55.2 per cent share of total large area display unit shipments followed by Taiwan with 24.9 per cent and South Korea with 14.7 per cent in 2022. China is also expected to take the largest share of total large area shipment area with 61.3 per cent share followed by Taiwan with 17.1 per cent and South Korea with 15.4 per cent in same period.
Chinese electronic components producer BOE Technology expects to take the largest share for both unit and area shipments of large area display with 33.1 per cent and 26.1 per cent share respectively in 2022 followed by Innolux with 13.3 per cent for unit shipments and China Star with 17.4 per cent for area shipments.