Pune, Maharashtra, India, February 12, 2018 —The display panels are expected to be oversupplied in 2019 and beyond, while being undersupplied till 2018 as various players are establishing new Gen 6 and above facilities. Samsung’s decision of closing LCD plants and investing in OLED facilities created undersupply in the LCD market; hence, several Chinese panel manufacturers ramped up their production to fill the supply gap. BOE, with its Gen 10.5 facility, is expected to become a leading supplier of TFT-LCDs, in terms of panel area, 2019 onwards. Larger sheets will eventually increase the production capabilities of panel suppliers. Revenues of large panel suppliers increased 12% Y-o-Y in 2017 and the display panel area shipments for large applications (>9 inches) increased by 10 million square meters. There was a significant growth in unit shipments in 2017 as compared to 2016. According to Mr. Sachin Garg – Associate Director at MarketsandMarkets, Revenue growth is expected to continue till 2019 due to the increasing penetration of high-priced panels offering better resolution, wide viewing angle, and attractive design. The growth in area production will continue in the coming years due to ever-increasing average panel size for various applications; however, saturated unit shipments will affect the ASPs of panels, 2019 onwards.
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