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4K TV panel shipments to grow 108% in 2015

TV panel shipments and Y/Y growth by size

TV panel shipments and Y/Y growth by size

TV manufacturers are concerned about possible tight TV panel supplies, even though the rising dollar is cutting TV import prices.

According to research firm IHS, strong consumer demand for larger TVs and 4K resolution are expected to grow TV panel shipments by 5 percent, year-over-year, reaching a record 265 million units in 2015.

The shipment target for 4K TV panels is also expected to reach a record high this year. In all 40 million units are targeted in 2015 with 15 percent penetration. 4K TV panel shipments are expected to grow 108 percent this year, and Korean panel makers expect to lead the 4K TV panel market with 57 percent share, followed by Taiwanese manufacturers at 27 percent, and Chinese manufacturers at 12 percent.

The total panel area for TV display shipments is expected to increase 9 percent in 2015 over the previous year.

“Global first-tier TV brands, like Samsung and LGE, are sticking to their aggressive shipment plans for 2015, while Samsung Display and LG Display have less room to increase volume to meet area demand from their captive customers’ demand for larger TV panels,” comments Yoonsung Chung, director of large-area display research at IHS.  “These two Korean panel makers could experience a tightening of capacity in the second half of 2015, because of planned production-line adjustments.”

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