Following weak sales growth in 2019, global demand for flat panel displays is expected to increase by a robust 9.1 percent to reach 245 million square meters in 2020, up from 224 million in 2019 according to IHS Markit | Technology, now a part of Informa Tech.
“Although there are still uncertainties due to the trade war between the U.S. and China, demand for flat panel displays is expected to increase on the back of historically low panel prices and the impacts of various sports events held during even-numbered years,” said Ricky Park, director of display research at IHS Markit | Technology. “In particular, area demand for OLED displays is expected to increase sharply amid expectations for significant growth in the mobile phone and TV markets.”