Omdia lowers its OLED TV forecast to 3.5 million units in 2020

Market research company Omdia (previous IHS Markit) have revised down its global TV outlook - and say that it expects only 3.5 million OLED TV units to ship in 2020. Omdia's previous estimate was 4.5 million units, and this too was decreased from its original forecast in late 2019 of 5.5 million.

The OLED TV is still growing (unlike the entire TV market which will shrink in 2020), but due to the CotonaVirus outbreak, LGD's plans to expand production will be delayed.

Omdia sees 6.7 million OLED TV panels produced in 2021, 9.35 million in 2022 and 11.5 million in 2023. In its latest note, DSCC still sees 4.5 million OLED TV panels being produced in 2020.

Posted: Apr 04,2020 by Ron Mertens