e-cigarettes, game consoles and two-wheelers drive industry display panel revenue to USD 2.4 billion, up 13.6% year-on-year by 2025 By Investing.com

LONDON, Jan. 19, 2025 /PRNewswire/ — Industrial display panel shipments are expected to reach 167.9 million units, marking a significant YoY growth of 10.9% in 2024 according to analysis from Omdia’s “Industrial and Public Display & OEM Intelligence Service“. Among the 12 industrial display applications, the smart home and office application segments, among the less than 50 industrial display applications, are in first place with a 46% shipment share. Within this category, multi-function printers account for 22% of the shipment share about 8.6 million units with panel sizes less than 3 inches and 5 million units with sizes ranging from 3.1 to in 7-inch, they are driven mostly by AUO Display Plus.

While most industrial display demand is expected to remain stable or decline slightly due to inventory challenges, double-digit shipment growth will be driven mainly by certain sectors, including 0.96-inch AMOLED panels for e-cigarettes and 8-inch LTPS for gaming. comfort, by driving much of this growth. By 2025, industrial shipments are expected to increase to 178 million, showing a YoY growth of 6%. Omdia predicts a doubling of demand for factory automation, while the e-cigarette and gaming console markets are expected to maintain their strong performance.

From the point of view of panel makers in the industry it includes panel makers representing major industries such as AUO Display PlusBOE, Innolux, Tianma and Truly, the revenue is estimated to reach USD 2.1 billion in 2024, showing a slight decline of 3.5% YoY. However, this is expected to backfire USD 2.4 billion by 2025, marking a strong YoY growth of 13.6%.

From 2024 to 2025, the participants of the industrial supply chain are working on various business models, balancing cooperation and competition to diversify the product portfolio and lead revenue. Panelists love it AUO Display PlusBOE and Truly are increasing efforts in fixed and open business, some panel makers need to have income first, while others prefer to choose fixed and open business, which is expected to account for 4.8% of panel revenue in 2024.

Geopolitical risks and the impact of taxes in 2025 cause challenges, making the supply chain shift production to him. Southeast Asia again India. Fortunately, many participants, including touch panel suppliers, panel module houses, ODMs, and other types of industries have already established mass production in Southeast Asia enabling a smooth transition.

“Higher revenue growth is expected in 2025, driven by e-cigarettes, game consoles and new applications, such as two-wheeled vehicles with a-Si display technology,” said TzuHu Huang.

“These vehicles need displays that can withstand direct sunlight and rain that result in strong text.”

Additionally, mini LEDs backlight products, designed for slot machines, marine and professional medical displays and drones, are expected to enter mass production and increase revenue.

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