TV Demand Won’t Fully Recover From COVID-19 Until 2022, Says DSCC
COVID-19 is expected to send global TV demand plunging 10.5% this year to 257 million units, said Display Supply Chain Consultants Wednesday. Its January forecast before the pandemic was for a 1% increase to 290 million sets. “Economic uncertainty” will…
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force consumers to delay buying replacement sets, it said. “We expect a strong recovery in 2021,” but it will take until 2022 “for the industry to recover to the long-term trend we expected in January,” said DSCC.