Although the worldwide tablet market is expected to decline for the first time in 2015, strong growth momentum of smartphones and automotive panel markets will uphold worldwide small and medium size TFT-LCD panel shipments. MIC (Market Intelligence & Consulting Institute), a Taipei-based ICT research institute, projects that panel shipment volume will reach 3.1 billion units in 2015 and 2016, inching up 0.1% and 0.3% respectively year on year.
Worldwide Small and Medium Size TFT-LCD Panel Shipment Volume, 2015 – 2019
Source: MIC, April 2015
"Many application markets for small and medium size TFT-LCD panels have reached the point of saturation, and growth has stagnated," says Joy Tsai, an analyst at MIC. "A few application markets that manage to keep growing are anticipated to slow down, too."
Smartphones have become the growth driver of small and medium size TFT-LCD panel shipments, thanks to the buoyant demand in China. Last year, smartphones accounted for around 40% of the small and medium size TFT-LCD panels shipped around the world.
Automotive panel market was another application market that sustained growth in 2014, owing to vendors' long-term deployment in the niche market and increasing needs from consumers for in-car mobile communication and video/audio systems.
As panel shipments for different applications ebbed and flowed, the overall shipments of small and medium size TFT-LCD panels reached around 3.1 billion units in 2014, down 0.3% year on year.
To see more about this report, please visit: Worldwide & Taiwanese Small & Medium Size TFT-LCD Panel Shipment Forecast, 2015-2019
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Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry. http://mic.iii.org.tw/english