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 By Investing.com | masr356.com

LONDON, Jan. 19, 2025 /PRNewswire/ —  Industrial display panel shipments are projected to attain 167.9 million models, marking a major 10.9% YoY development for 2024 in accordance to evaluation from Omdia’s “Industrial and Public Display & OEM Intelligence Service“. Amongst 12 industrial display purposes, the good house and workplace utility segments, amongst 50 industrial display sub-applications, topped first place with 46% cargo share.  Inside this class, multi-function printers accounted for 22% cargo share totaling 8.6million models with panel sizes beneath 3-inches and 5million models with sizes ranging 3.1 to 7-inches, pushed largely by AUO Display Plus.

Whereas many of the industrial display demand is predicted to stay secure or decline barely due to stock challenges, the double-digit cargo development will primarily be fueled by particular sectors, together with 0.96-inch AMOLED panels for e-cigarettes and 8-inch LTPS gaming consoles, with Really driving a lot of this development. In 2025, industrial display shipments are anticipated to rise additional to 178 million models, reflecting 6% YoY development. Omdia forecasts a rebound in manufacturing unit automation demand, whereas the e-cigarettes and gaming console markets are anticipated to keep their robust efficiency.

From the angle of the industrial panel makers which incorporates the most important industrial display panel makers reminiscent of AUO Display Plus, BOE, Innolux, Tianma and Really, revenue is estimated to attain USD 2.1 billion for 2024, reflecting a slight decline of three.5% YoY. Nonetheless, that is anticipated to rebound to USD 2.4 billion in 2025, marking a sturdy YoY development of 13.6%.

From 2024 to 2025, industrial display provide chain individuals function with various enterprise fashions, balancing cooperation and competitors to diversify product portfolios and drive revenue. Panel makers like AUO Display Plus, BOE and Really are growing efforts in set and open body enterprise, some panel makers want to have revenue first, whereas some want to select set and open-frame companies, that are anticipated to account for 4.8% of whole panel revenue in 2024.

Geopolitical dangers and tariff impression in 2025 pose challenges, prompting the provision chain to shift manufacturing to Southeast Asia and India. Happily, many individuals, together with contact panel suppliers, panel module homes, ODMs, and some industrial manufacturers have already established mass manufacturing in Southeast Asia enabling a smoother transition.

“Greater revenue development is predicted in 2025, pushed by e-cigarettes, game consoles and new purposes, reminiscent of two-wheeled vehicles with a-Si display know-how,” mentioned TzuHu Huang.  

“These vehicles require shows that stand up to direct daylight and rain main extra stringent specs.”

Moreover, mini LEDs backlight merchandise, deliberate for slot machines, marine and skilled medical display and drones, are anticipated to enter mass manufacturing additional boosting revenue.

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Fasiha Khan: fasiha.khan@omdia.com