Shipments of large-area display in 2022 decreased by 8% year on year (YoY) in unit and 3% YoY, according to Omdia’s latest Large Area Display Market Tracker 3Q22.
“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 2Q22 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 minimizing their panel procurement in 4Q22. Therefore, IT displays such as tablet PC, notebook PC and monitor displays are leading large area display shipment decrement in 2022.”
According to Omdia’s research, China is expected to take 55.2% share of total large area display unit shipments followed by Taiwan with 24.9% and South Korea with 14.7% in 2022. China is also expected to take the largest share of total large area shipment area with 61.3% share followed by Taiwan with 17.1% and South Korea with 15.4% in same period. BOE expects to take largest share for both unit and area shipments of large area display with 33.1% and 26.1% share respectively in 2022 followed by Innolux with 13.3% for unit shipments and China Star with 17.4% for area shipments.