Group 1 - The overall demand for panels is expected to decline in Q4, with manufacturers stabilizing mainstream size prices through coordinated production control [1] - The impact of domestic subsidy policies on the market is limited, and the easing of US-China tariff tensions may slow down the pre-stocking pace, leading to further weakening of short-term demand [1] - Panel prices are anticipated to enter a downward channel in November due to multiple factors, including the inability to maintain a unified production control rhythm among manufacturers [1] Group 2 - In October, as pre-stocking neared completion, order volumes gradually decreased, resulting in a 7.8% month-on-month decline in LCD TV panel shipments [2] - Major panel manufacturers responded quickly by controlling production capacity, maintaining an average utilization rate of around 75% for high-generation lines [2] - The average utilization rate is expected to remain around 80% in Q4, leading to ongoing supply-demand dynamics despite efforts to stabilize prices [2] Group 3 - In November, the overall demand for LCD TV panels is expected to weaken, with most panel sizes entering a general price decline [2] - Specific price forecasts for November indicate that 32" and 43" panel prices are expected to remain stable at $32 and $64 respectively, while mainstream sizes from 50" to 85" are projected to decline by $2 [2] - Ultra-large size panels (98"/100") are expected to see significant price drops, projected to decrease by $10 to around $440 [2][3]

Core Viewpoint - The demand for LCD TV panels is expected to weaken in November due to limited impact from domestic subsidy policies and a calming of the US-China tariff situation, leading to a downward trend in panel prices [1][2][3]. Demand Analysis - Overall demand for panels is declining in Q4, with manufacturers stabilizing mainstream size prices through coordinated production control. As of November, brand stocking has nearly concluded, shifting procurement from urgent to cautious [2][3]. - The domestic "trade-in" policy is also nearing its end, and while there may be some pre-stocking for the 2026 World Cup, the easing of US-China trade tensions has reduced the urgency for stocking [3]. - The comprehensive tariff on Chinese TV exports to the US has decreased to approximately 31.4%, further diminishing the need for urgent stocking [3]. Supply Analysis - As stocking winds down, order volumes are decreasing, prompting leading panel manufacturers to adjust production capacity, maintaining an average utilization rate of around 75% [4]. - The G8.5 and G10.5 production lines are primarily responsible for production control, with significant reductions in utilization rates, which has helped stabilize prices for sizes ranging from 32" to 75" [4]. - However, the G8.6 production line has seen weaker production control, leading to continued price declines for larger panels (85" and above) [4]. Price Forecast - In November, the overall demand for LCD TV panels is expected to weaken, with most panel sizes entering a general price decline. Specifically, prices for 32" and 43" panels are projected to remain stable at $32 and $64, respectively, while prices for sizes from 50" to 85" are expected to drop by $2 each [5]. - The largest panels (98"/100") are anticipated to see a more significant price drop of $10, bringing their price down to $440 [5].

Core Viewpoint - TrendForce predicts a comprehensive decline in TV panel prices for November 2025, while monitor panel prices are expected to remain stable compared to the previous month, with slight decreases anticipated for some laptop panels [4][5][6]. TV Panel Prices - TV panel demand has slightly weakened, but some brands are still willing to place orders. Panel manufacturers are making minor adjustments to production rates while accommodating brand demands. As the year-end approaches, most brand clients and panel manufacturers are beginning to observe panel prices [4]. - The forecast for November indicates a decrease of $1 for 32-inch and 43-inch panels, $2 for 50-inch and 55-inch panels, and $3 for 65-inch and 75-inch panels [5]. Monitor Panel Prices - Demand for monitor panels has significantly weakened entering the fourth quarter, but manufacturers are cautious in adjusting prices, leading to continued losses. Consequently, a consensus has been reached between buyers and sellers to maintain stable prices for monitor panels [6]. - The only expected price drop is for the 23.8-inch VA Open Cell panel, which may decrease by $0.1, while other mainstream sizes are anticipated to remain stable [6]. Laptop Panel Prices - Despite entering the traditional off-season, demand for laptop panels is slightly stronger than expected, with some brand clients willing to increase their purchase volumes. Panel manufacturers are adopting a more flexible pricing strategy to maintain customer relationships, leading to minor price concessions [7]. - The forecast for November suggests that TN panel prices will remain stable, while IPS panel prices are expected to decrease by $0.1 across the board [7].

Core Viewpoint - Intel and BOE are collaborating to develop AI-based energy-saving solutions for laptop display screens, aiming to balance energy efficiency and visual quality while extending battery life and ensuring excellent visual experience [1] Group 1 - The new technology is expected to be implemented in OEM products using Intel platforms by 2026 [1]

Core Insights - The average utilization rate of domestic TFT-LCD panel manufacturers in China for Q3 2025 exceeded expectations, while the forecast for Q4 2025 is expected to be below 80% [2]. Group 1: Production Capacity - The latest production capacity lists for China's G4.5 to G6 LCD panel production lines are provided [3]. - The latest production capacity lists for China's G8.5 to G11 LCD panel production lines are included [3]. Group 2: Utilization Rates - The average utilization rate statistics for China's LCD production lines in Q3 2025 are detailed [3]. - The utilization rate statistics for LTPS LCD panel production lines in Q3 2025 are presented [3]. - The utilization rate statistics for BOE (京东方) LCD panel production lines in Q3 2025 are reported [3]. - The utilization rate statistics for CSOT (华星光电) LCD panel production lines in Q3 2025 are included [3]. - The utilization rate statistics for TM (天马) LCD panel production lines in Q3 2025 are provided [3]. - The utilization rate statistics for HK C (惠科) LCD panel production lines in Q3 2025 are detailed [3]. - The utilization rate statistics for CHOT (咸阳彩虹) LCD panel production lines in Q3 2025 are included [3]. Group 3: Future Predictions - The forecast for global and domestic LCD panel manufacturers' utilization rates for Q4 2025 is discussed [3].

Core Viewpoint - The article discusses the evolution of Head-up Display (HUD) technology in smart cockpits, highlighting the increasing interest in Micro LED technology due to its high brightness and contrast, which meets the growing demands of automotive displays [2][3][4]. Group 1: Evolution of HUD Technology - HUD technology originated in military aircraft to provide pilots with critical information without looking down [3]. - The introduction of HUD in the automotive sector faced challenges due to high manufacturing costs and limited product maturity [3]. - Recent advancements in smart cockpits and ADAS have increased the need for HUDs to display various information, making them essential for safety and information access [3][4]. - The evolution of HUDs includes transitions from traditional C-HUD to W-HUD, AR-HUD, and P-HUD, with increasing requirements for brightness, contrast, and reliability [3][4]. Group 2: Micro LED Technology - Micro LED technology is characterized by high brightness, contrast, and transparency, making it suitable for AR-HUD and P-HUD applications in vehicles [4]. - The demand for Micro LED HUDs is driven by the need for better integration of virtual and real information in automotive settings [4]. Group 3: Panel Manufacturers' Involvement - Major panel manufacturers such as TCL, BOE, and others are rapidly entering the Micro LED HUD market, launching new products and technologies [5][15]. - The competition among panel manufacturers is intensifying as they aim to establish a foothold in the emerging HUD technology market [5][15]. Group 4: Product Highlights - TCL has introduced a 10.25-inch Micro LED HUD with a brightness of 20,000 nits in 2023 and plans to launch a 14.3-inch version by 2025 [6][7]. - BOE has launched a 6.2-inch RGB Micro LED HUD with a brightness of 30,000 nits and a monochrome version with a peak brightness of 300,000 nits [8]. - Other manufacturers like Deepinma and Innolux are also developing high-brightness Micro LED HUD products, emphasizing high resolution and contrast [10][13]. Group 5: Market Dynamics and Financial Performance - The automotive display market is seen as a stable and profitable sector compared to the volatile consumer electronics market, with high reliability and long certification cycles [15][16]. - Deepinma reported a revenue of 17.475 billion yuan in the first half of the year, with a 27% growth in automotive display revenue [16][17]. - BOE's automotive display business achieved a revenue of 6.245 billion HKD, reflecting a 9% increase year-on-year [16][17]. Group 6: Strategic Shifts in the Panel Industry - The panel industry is transitioning from traditional LCD technologies to advanced solutions like Micro LED, driven by the need for higher value-added products [18][20]. - The restructuring of the automotive supply chain allows panel manufacturers to engage directly with automakers, enhancing their competitive position [19][20]. - Manufacturers are investing in Micro LED production lines to prepare for future market demands [21]. Group 7: Future Outlook - Micro LED HUDs are expected to first appear in high-end vehicles before becoming more accessible in mid-range models as technology matures and costs decrease [22]. - The article emphasizes the importance of overcoming technical challenges in the Micro LED industry, such as high costs and yield rates, to succeed in the automotive display market [22].

Core Insights - The mobile panel market is expected to maintain high operating rates in Q4 due to the upcoming domestic "Double Eleven" and international "Black Friday" promotional seasons [1] - Different technology routes are showing divergent trends, with a-Si panels stable but under price pressure, LTPS panels benefiting from demand in automotive and laptops/tablets, and flexible AMOLED panels entering a price decline phase amid capacity expansion and project competition [1] a-Si Panels - Despite stable demand for a-Si panels, the combination of declining costs for core components like driver ICs and brand pressure on prices is leading to intensified competition, resulting in a slight expected decrease in module prices [1] LTPS Panels - LTPS production lines are operating at high rates due to growth in automotive displays and new iterations of laptops/tablets, leading to tight supply. However, demand in the smartphone sector remains weak, resulting in a structural balance in supply and demand, with prices expected to remain stable in October [1] AMOLED Panels - Demand for rigid AMOLED panels continues to shrink due to competition from flexible alternatives, with prices stabilizing at low levels. Flexible AMOLED panels are experiencing a "stable volume, declining price" trend, with major manufacturers operating at high capacity. To achieve full capacity targets for Q4 and prepare for next year's capacity, manufacturers are actively competing for orders and making price concessions, leading to a continued decline in flexible AMOLED panel prices [1]

Core Viewpoint - The smartphone display panel market is experiencing high operating rates in Q4, with distinct trends emerging across different technology routes as the domestic "Double Eleven" and international "Black Friday" promotional seasons approach [2][3]. Group 1: Market Trends - The a-Si panel market is stable due to resilient low-end demand, but prices are under pressure [3]. - LTPS production lines are operating at high rates supported by demand from automotive displays and new iterations of laptops and tablets, although smartphone demand remains weak [3]. - Flexible AMOLED panels are entering a price decline phase due to capacity expansion and competitive bidding among manufacturers, leading to a structural adjustment characterized by stable volume but falling prices [3]. Group 2: Price Predictions - a-Si module prices are expected to continue a slight decline through October and November 2025 [4]. - LTPS panel prices are anticipated to remain stable [4]. - Rigid AMOLED panel prices are expected to stabilize in the short term, while flexible AMOLED panel prices will continue to decline [4].

Core Insights - The TCL Huaxing T8 project officially commenced in Guangzhou with a total investment of approximately RMB 29.5 billion [1] - The T8 project is the world's first mass production G8.6 generation printed OLED production line, designed to process about 22,500 glass substrates per month [1] - The products will initially target medium-sized applications such as monitors, laptops, and tablets, with plans to expand into higher value-added display applications in the future [1] Company Developments - TCL Huaxing's CEO Zhao Jun stated that the T8 project will accelerate the establishment of a cluster of upstream and downstream enterprises related to key materials, core equipment, and components for printed OLEDs [1] - The T8 project will create a comprehensive industrial ecosystem covering "materials-equipment-panels-terminals" [1] - The T8 project will synergize with existing T9 and T11 production lines in Guangzhou, as well as current lines in Shenzhen and Huizhou, enhancing the efficiency from material research and development to complete machine manufacturing [1]

Core Insights - The article discusses the price trends of various display panels as reported by TrendForce, indicating a slight decrease in prices for certain television and laptop panels in October 2025, while monitor panel prices remained stable [2][6]. Price Trends by Application - **Television Panels**: - 65-inch TV panel average price is $171, down by $2 or 1.2% from the previous month, with a range of $165 to $174 [6]. - 55-inch TV panel average price is $123, down by $1 or 0.8%, with a range of $117 to $126 [6]. - 43-inch TV panel average price is $64, with a range of $62 to $66 [7]. - 32-inch TV panel average price is $35, with a range of $34 to $36 [8]. - **Monitor Panels**: - 27-inch IPS panel average price is $63, with a range of $57.6 to $65.8 [10]. - 23.8-inch IPS panel average price is $49.9, with a range of $47.1 to $51.4 [11]. - **Laptop Panels**: - 17.3-inch TN panel average price is $38.2, down by $0.1 or 0.3%, with a range of $37.6 to $39.7 [12]. - 15.6-inch Value IPS panel average price is $40.2, down by $0.1 or 0.2%, with a range of $38.5 to $41.8 [12]. - 14.0-inch TN panel price has stabilized at $26.9 since July 2024, with a range of $26.4 to $28.1 [12]. - 11.6-inch TN panel price has also stabilized at $25.1 since July 2024, with a range of $24.2 to $26.5 [12].