Omdia has released the findings from its latest Large-Area Display Market Tracker, which reveals that shipments of large-area (larger than nine inch) displays are forecast to grow by 2.6% year-over-year (YoY)in 2025, despite economic headwinds. This rate is a slowdown compared 2024’s growth, with Omdia noting global economic uncertainty and US tariff concerns as key factors.
“It is a forecast, that large-area LCD unit shipments will increase by 2.0% YoY and shipment area will grow by 3.9% YoY in 2025,” says Peter Su, Principal Analyst of Omdia. “This growth is significantly slower than in 2024. Panel makers are concerned about possible demand erosion in the second half of 2025 due to front-loaded panel purchasing in 1Q25 and the risk of a potential economic recession. As a result, they are becoming more conservative in their production plans and are focusing more on shipment area growth rather than unit growth,” Su continued. “Consequently, LCD TV display unit shipments are forecast to decline by 2.2% YoY while shipment area is expected to increase by 4.6% YoY in 2025. Panel makers are also cautious about the monitor LCD segment, which is projected to grow by only 1.8% YoY due to poor financial results.”
TV and Others/PID application are expected to post negative growth, with the overall outlook reflecting industry caution amid potential recession risks. Notably, Sharp ceased LCD TV display production at its Gen 10 fab in 3Q24 and Chinese panel makers are taking a conservative approach to increasing LCD TV display shipments to help stabilize panel prices. Shipments in the Others/PID category remain highly sensitive to broader economic conditions.
Total large-area display revenue is forecast to reach $72.7 billon in 2025 representing a 3.5% YoY growth. This marks a slowdown from the 14.8% YoY revenue growth in 2024 which reached $70.3 billion due to rising shipments and LCD TV display price hikes. While overall shipment growth will be slower in 2025, revenue is expected to grow at a faster rate than units driven by ongoing size migration particularly in TVs. Large-area display shipments area are projected to increase by 4.3% YoY in 2025 outpacing unit shipments in the same period.
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