E-cigarettes, game consoles, and two-wheelers will drive industry display panel revenue to $2.4 billion, a 13.6% increase by 2025. By Investing.com

London, January 19, 2025 /PRNewswire/ — Industrial display panel shipments are projected to reach 167.9 million units by 2024, showing a significant YoY growth of 10.9%, according to Omdia’s “Industry & Public display and OEM intelligence serviceAmong the 12 industrial display applications, the smart home and office application segments ranked first with a 46% shipment share among the 50 industrial display sub-applications. And 5 million units with sizes ranging from 3.1 to 7 inches, mostly Driving AUO Display Plus.

While most of the industry’s display demand is expected to remain stable or decline slightly, due to inventory challenges, double-digit shipment growth will be fueled primarily by certain sectors, including 0.96-inch AMOLED panels for e-cigarettes and 8-inch LTPS games. Offices, driving much of this growth. In the year Industrial display shipments are expected to grow to 178 million units by 2025, representing a 6% YoY growth. Omdia predicts a resurgence in demand for factory automation, while the e-cigarette and game console markets are expected to maintain strong performance.

In terms of industrial panel manufacturers, which includes major industrial display panel manufacturers AUO Display PlusBOE, Innolux, Tianma and Truly, are estimated to reach income 2.1 billion dollars For 2024, reflecting a slight 3.5% YoY decline. However, this is expected to return 2.4 billion dollars In the year By 2025, it shows a strong YOY growth of 13.6%.

From 2024 to 2025, participants in the industrial display supply chain will work through different business models, balancing collaboration and competition to diversify product portfolios and generate revenue. Panelists love it AUO Display PlusBOE and really are increasing efforts in setting and open frame business, some panel makers should have income first, while some prefer to choose organized and open frame business, they will account for 4.8% of the total panel income in 2024.

By 2025, geopolitical threats and the impact of tariffs will pose challenges, leading to a shift in supply chain production. Southeast Asia And India. Fortunately, many participants, including touch panel suppliers, panel module houses, ODMs, and some industrial brands, have established mass production in-house. Southeast Asia Enable smooth transition.

“High revenue growth is expected in 2025, driven by electronic cigarettes, game consoles and new applications such as A-C display technology for two-wheelers,” said Tzu Huang.

“These vehicles need a rain-resistant display that can withstand direct sunlight and drive more stringent specifications.”

Additionally, mini-LEDs backlight products, intended for slot machines, marine and professional medical displays and drones, are expected to drive additional revenue through mass production.

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Fashiha Khan: fasiha.khan@omdia.com