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    The global display market is expected to shrink by 11% this year, the most in history

    2020-04-21 | Pageviews: CHANGZHOU FOAN M AND E CORPORATION
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    Economic Daily China China Economic novel coronavirus pneumonia, April 20th, according to the economic and business department of the Chinese Embassy in South Korea, the Yonhap reported that the Omdia, the market research firm, predicted in the latest report that the global display shipments will reach 3 billion 200 million units this year, down 11.1% from the same period. It is reported that the financial crisis in 2009 was reduced by 8.8%.

    Omdia said demand for televisions and smartphones in stores across the world was sharply reduced as a result of the outbreak. Analysts say LCD TV panel shipments will fall by 9.5% this year and smartphone panels by 10%. Due to the implementation of home office and distance education in many countries, it is expected that the panel for desktop computer display and notebook computer will be reduced by 1.9% and 5.8%, respectively, by a small margin.

    Omedia said that with the overall market shrinking, the demand for advanced displays will continue to maintain its advantages. Korean companies such as LG display and Samsung display have converted LCD production lines into advanced display production lines.

    Omdia said global monitor shipments would increase by 9.1% if the epidemic were to be lifted next year.

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