TVs 'Not a Priority' During Pandemic, IT Device Panels Rebound on Lockdowns, Says Omdia
Buying a TV “is not a priority for most people” during the COVID-19 pandemic, said Omdia analyst Peter Su Tuesday. TV display unit shipments are expected to fall 13% year on year in Q2, and 3% sequentially. For 2020, Omdia…
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forecasts a TV panel shipment drop of 9.9% from last year to 261.7 million units. “While China is now recovering from the crisis and production is back on track in the second quarter, COVID-19 continues to impact the market as consumer demand has weakened worldwide,” said Su. LCD and OLED TV panel shipments are in sharp contrast to notebook PC displays, which are seen increasing 9% year on year in Q2 and jumping 35% vs. Q1, as lockdown conditions in many regions are spurring a surge in demand for small-screen productivity devices. Consumers “increasingly need to buy computers, tablets and monitors so they can work from home or attend online school,” said Su. After a 4% year-on-year drop in overall shipments of thin-film transistor displays over 9 inches in Q1, Omdia predicts a 5% increase in Q2, driven by IT device demand. For 2020, Omdia forecasts notebook panel sales will grow 3.4% to 196.2 million units, monitor panel sales will rise 7.8% to 154.9 million and tablet display sales will swell 16.4% to 116.1 million.