“Growth in demand for flat panel displays next year will be mainly driven by migration to large displays, declining panel prices, and high expectations for a recovery in the global economy,” explains Ricky Park, director at IHS Markit.
The rise in demand area is largely attributed to a fall in retail prices of applications along with a drop in panel prices, which is expected to spur consumers’ appetite for various display devices. The sharp fall in panel prices in the second half of 2017 should soon be reflected in the prices of consumer electronics goods in the upcoming peak shopping seasons later this year and in early 2018.
The cheaper panel prices are also expected to bolster demand for larger display products. As Gen 10.5 fabs are due to start operation in the first half of 2018, supply of super large TV panels, including 65- and 75-inch products, is projected to grow, according to the Display Long-term Demand Forecast Tracker report by IHS Markit.