In a historic first, the worldwide market for LCD-TV display panels is set to decline both in terms of unit and area shipments in 2019, as major suppliers cut production, according to Omdia. Global LCD-TV panel unit shipments will drop by a steep 10-percent margin this year, declining to 257.8 million units, down from 287.2 million in 2019.
Area shipments will decrease by 3 percent, declining to 158.2 million square meters, down from 162.9 million last year, as reported by the Omdia Large Area Display Market Tracker.
“The LCD-TV panel market will make history this year—but not in a good way,” said Peter Su, principal analyst, large display, at Omdia. “Area shipments are set for their first-ever annual decline in 2020 as suppliers reduce production and reorganize their manufacturing operations to pursue higher-value applications outside of the LCD-TV panel market.”