2024年全球面板企业营收预计达到1,192亿美元同比增长5.8%

Core Viewpoint - The global display panel industry is expected to experience steady growth in capacity, production area, shipment area, and revenue in 2024, with China continuing to strengthen its dominant position in the global supply chain [1][22]. Capacity and Production Area - In 2024, the total capacity of global TFT-LCD and AMOLED panels is projected to reach 409 million square meters, representing a year-on-year increase of 2.5%. The capacity is expected to grow by another 2.3% in 2025, with AMOLED capacity maintaining a share close to 10% [2]. - The actual production area of global panels is anticipated to grow by 6.1% in 2024, with a further expected increase of 4.3% in 2025. The production area for TFT-LCD panels is projected to grow by approximately 4% in 2025, while AMOLED panels are expected to see a significant increase of 33% in 2024 and 7% in 2025 due to rising demand for smartphones and larger OLED products [4]. Shipment Area - The global panel shipment area is forecasted to grow by 7.6% in 2024, with TFT-LCD growing by 6% and AMOLED by 36%. In 2025, the shipment area is expected to increase by 4.2%, with TFT-LCD and AMOLED growing by 4% and 7%, respectively. TV and monitor panels are projected to account for nearly 80% of the total shipment area, highlighting the impact of large-size trends on the market [6]. Revenue Growth - The global panel industry revenue is expected to reach $119.2 billion in 2024, reflecting a year-on-year growth of 5.8%. Revenue is projected to grow by 2.8% in 2025, driven by increased shipment area and slight price fluctuations. By 2025, China's share of global panel revenue is expected to rise to 49%, while South Korea's share is projected to decline to 34.3% [8]. Market Share by Segment - In the TV panel market, China's shipment volume share is expected to increase from 64% in 2024 to 69% in 2025. The global TV panel shipment volume is projected to grow by 3.9% in 2024 but is expected to decline by 1% in 2025 [10]. - For monitor panels, China's market share is anticipated to rise from 59% in 2023 to 64% in 2024, with a further increase to 66% in 2025 [12]. - In the notebook (NB) panel market, China's share is expected to grow from 42% in 2023 to 47% in 2024, while Taiwan and South Korea's shares are projected to be 35% and 15%, respectively [14]. - In the tablet panel market, China's share is expected to increase from 62% in 2023 to 71% in 2024 [16]. - For smartphone panels, the global shipment volume is expected to grow by approximately 10% in 2024, with AMOLED smartphone panel shipments increasing by 27% [18]. - In the automotive display panel market, China's share is projected to exceed 50% for the first time, reaching 52% in 2024 [21]. Summary and Outlook - The CINNO Research report indicates that the global panel industry is set for a recovery and growth in 2024, with steady growth expected to continue into 2025. China's display panel market share is expanding across multiple segments, reinforcing its position as a global manufacturing hub. AMOLED technology is anticipated to maintain a high growth momentum, while TFT-LCD will continue to see steady growth in shipment area due to the trend towards larger sizes [22].