Global monitor shipment is projected to grow by 5.4% YoY this year owing to strong shipment performances against the downtrend by monitor brands that primarily focus on the consumer markets; as of 2020, these brands have experienced three consecutive years of YoY shipment growth, according to TrendForce’s latest investigations. This strong shipment performance can be attributed to several pandemic-related factors, such as the rise of WFH and distance education as well as increasing monitor demand from the stay-at-home economy, and also to persistent purchasing momentum in the North American consumer markets.
TrendForce today (Oct. 16) held its Annual Forecast 2021 event at the NTUH International Convention Center. Key summaries of the event can be found here.
Chinese manufacturers are expected to raise their market share from 39% this year to 52% next year in the monitor panel market, and 36% to 39% in the notebook panel market, according to TrendForce’s preliminary shipment forecast of panel makers for 2021. As such, these manufacturers are expected to maintain their plans of transitioning some production capacities from TV panel manufacturing to IT panel manufacturing in spite of the TV panel shortage in 2H20 caused by various factors such as the closedown of SDC’s LCD panel manufacturing operations, the rise of the stay-at-home economy, and the stimulus policies instituted by governments worldwide.
In this release, TrendForce provides its forecast of 10 key trends in the tech industry for 2021.
Yearly TV panel shipment for 2020 is projected to reach 267.53 million units, a 6.2% decrease YoY, while shipment by area is projected to increase by 0.7% YoY, coming to 169.6 million square meters, according to TrendForce’s latest investigations. The decrease can mostly be attributed to three factors: first, the trend of gradual increases in TV sizes; second, the slowdown in capacity expansions for panel fabs; and finally, the continued high demand for IT panels, the manufacturing of which crowded out fab capacities for TV panels. Furthermore, due to the aforementioned decreases in TV panel capacity and TV panel shipment, the glut ratio of TV panel shipment vs. TV set sell-in this year is projected to reach 24%, which is lower than the 2019 figure of 31%, thereby generating an upward momentum for TV panel prices.
