LCD Business Market Forecast: Trends and Insights for 2023-2024

LCD Business Market

The landscape of the LCD business market is undergoing significant transformations, driven by technological advancements and evolving consumer demands. It is crucial to stay informed about the latest trends and insights that are shaping this dynamic sector. This report delves into the critical factors influencing LCD business market growth, emerging technologies, and strategic opportunities. By analyzing current data and future projections, we aim to provide a comprehensive understanding of the market’s trajectory, enabling businesses to navigate challenges and capitalize on new developments in the LCD industry.

Weak Display Terminal Market in Early 2023

In 2023, the display terminal market face overall weakness, with a noticeable decline in sales for the company’s five traditional application terminals. However, the market is anticipated to rebound in the second half of the year, driven by the consumer electronics peak season.

Recovery and Growth in 2024

The display terminal market is poised for a significant recovery in 2024, spurred by large-scale sports events. We expect this resurgence in demand for TV terminals and panels to gain momentum, especially with the ongoing trend toward larger TV sizes. As a result, we project company will see double growth in TV panel shipments and overall area.

Price Trends for LCD TV Panels

Consulting agencies’ data and analysis highlight a significant shift in LCD TV panel prices during the first quarter of 2024. With brand-side procurement demand recovering, prices stabilized in January, saw an overall increase in February, and rose significantly in March. This upward trend continued into April, reflecting a strong market rebound.

Rebound in IT Product Prices

IT product prices are showing initial signs of a rebound. Specifically, MNT product prices have increased for some sizes since March and across the board in April. Similarly, NB product prices have experienced slight increases in certain sizes since late April.

Market Outlook for 2024

Looking ahead, we expect the global production capacity to stabilize, reshaping the industrial structure. Domestic panel manufacturers are likely to adhere to a business strategy of “dynamic production control and on-demand production.” We anticipate that this approach will lead the display panel industry into a virtuous cycle, fostering significant expansion in 2024 and moving the industry out of its current trough.

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