Le Lézard
Classified in: Transportation, Science and technology
Subject: SVY

Omdia: e-cigarettes, game consoles and two-wheeled vehicles drive industrial display panel revenue to USD 2.4 billion, up 13.6% year on year in 2025


LONDON, Jan. 19, 2025 /PRNewswire/ -- Industrial display panel shipments are projected to reach 167.9 million units, marking a significant 10.9% YoY growth for 2024 according to analysis from Omdia's "Industrial and Public Display & OEM Intelligence Service". Among 12 industrial display applications, the smart home and office application segments, among 50 industrial display sub-applications, topped first place with 46% shipment share.  Within this category, multi-function printers accounted for 22% shipment share totaling 8.6million units with panel sizes under 3-inches and 5million units with sizes ranging 3.1 to 7-inches, driven largely by AUO Display Plus.

While most of the industrial display demand is expected to remain stable or decline slightly due to inventory challenges, the double-digit shipment growth will mainly be fueled by specific sectors, including 0.96-inch AMOLED panels for e-cigarettes and 8-inch LTPS gaming consoles, with Truly driving much of this growth. In 2025, industrial display shipments are expected to rise further to 178 million units, reflecting 6% YoY growth. Omdia forecasts a rebound in factory automation demand, while the e-cigarettes and gaming console markets are expected to maintain their strong performance.

From the perspective of the industrial panel makers which includes the major industrial display panel makers such as AUO Display Plus, BOE, Innolux, Tianma and Truly, revenue is estimated to reach USD 2.1 billion for 2024, reflecting a slight decline of 3.5% YoY. However, this is expected to rebound to USD 2.4 billion in 2025, marking a robust YoY growth of 13.6%.

From 2024 to 2025, industrial display supply chain participants operate with varying business models, balancing cooperation and competition to diversify product portfolios and drive revenue. Panel makers like AUO Display Plus, BOE and Truly are increasing efforts in set and open frame business, some panel makers need to have revenue first, while some prefer to choose set and open-frame businesses, which are expected to account for 4.8% of total panel revenue in 2024.

Geopolitical risks and tariff impact in 2025 pose challenges, prompting the supply chain to shift production to Southeast Asia and India. Fortunately, many participants, including touch panel suppliers, panel module houses, ODMs, and some industrial brands have already established mass production in Southeast Asia enabling a smoother 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 require displays that withstand direct sunlight and rain leading more stringent specifications."

Additionally, mini LEDs backlight products, planned for slot machines, marine and professional medical display and drones, are expected to enter mass production further boosting revenue.

ABOUT OMDIA

Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.

Contact

Fasiha Khan: [email protected]

SOURCE Omdia


These press releases may also interest you

at 12:51
Transit workers at Transdev in Cowichan Valley, B.C., went on strike early this morning, after last-minute talks broke down Friday between Unifor and the employer, following weeks of stalled negotiations....

at 10:32
A news report from german.shanghai.gov.cn The latest business environment improvement action plan released in Shanghai on Feb 5 will help the city better address market entities' needs and inject more vitality into the city's economic growth, said...

at 07:00
Ahead of Sunday's Big Game, Instacart is enlisting extra help on game day grocery deliveries throughout Kansas City. Instacart's first-ever Super Bowl commercial is transforming into an incredible live event ? get ready to witness a grocery delivery...

at 06:00
Groceries delivered in Oscar Mayer Wienermobile by Green Giant, Cheetos® Chester Cheetah®, The Kool-Aid Man, and The Pillsbury Doughboytm PHILADELPHIA, Feb. 8, 2025 /PRNewswire/ -- Ahead of Sunday's Big Game, Instacart...

7 fév 2025
Report on how AI is redefining market landscape - The global folding electric bicycle market size is estimated to grow by USD 264.9 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 10.3% during the forecast...

7 fév 2025
Report with the AI impact on market trends - The global air charter services market size is estimated to grow by USD 9.53 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  5.3%  during the forecast period....



News published on and distributed by: