Omdia released its latest analysis on the global large-area display market (LCDs and OLEDs combined), saying that it sees a decline in unit shipments of 7.3% from 2022. This is a sharper decline that what Omdia estimated a few months ago, as the demand continues to slide.
Interestingly, looking at the total market by display area, 2023 will see a slight increase (0.5%) over 2022, this is mostly because consumers are buying larger TVs and larger gaming monitors.
Omdia sees weak demand for PCs and monitors. Prices of LCD TV panels is increasing, and display makers are seeing profits in that segments (in the IT business, display makers are still posting losses).
In terms of revenues, the entire market will generate $63.2 billion in 2023, a 4% decrease from 2022. The only segment that will see an increase in revenues ins the TV market which will grow 16.4% from 2022 thanks for the recent price hikes.
