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Omdia: China expects to take 55.2% share of global large-area display panel shipments for the first time
Chinese article by 李沛
English Editor 张未名
12-27 19:08

The Chinese mainland is expected to take a 55.2% share of total large-area display unit shipments, followed by the Taiwan region with 24.9% and South Korea with 14.7% in 2022, according to global technology research firm Omdia’s recent research. 

The Chinese mainland is also expected to take the largest share of total shipment area with 61.3% share followed by the Taiwan region with 17.1% and South Korea with 15.4% in the same period.

Chinese display panel giant BOE expects to take the 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(群创光电) with 13.3% for unit shipments and China Star(TCL华星光电) with 17.4% for area shipments, Omdia’s data showed. 

Shipments of large-area displays in 2022 decreased by 8% year on year in the unit and 3% in area, said Omdia’s report.

“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 the second quarter of 2022, with IT brands following suit from the middle of 2022. Some brands cut panel demand by half of their original plans, such as notebook PC and monitor displays, and brands with OEMs still minimize their panel procurement in the fourth quarter of 2022. Therefore, IT displays such as tablet PC, notebook PC, and monitor displays are leading large area display shipment decrement in 2022,” Su added.

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