The global demand for display panels is projected to rise by 6 per cent in area year-over-year by 2026, according to Omdia’s Display Long-Term Demand Forecast Tracker. Although total unit shipments are expected to fall by 2 per cent amid uncertainty around U.S. import tariff policies and slowing economic growth, the appetite for larger displays is keeping area growth strong.

Omdia forecasts a modest 2 per cent area growth in 2025, a slower pace than in 2024, mainly due to changing supply chain dynamics linked to U.S. tariffs and weaker consumer spending.

“Despite tariff policy uncertainty, area demand will maintain robust growth as display technology advances and the trend toward larger displays continues,” said Ricky Park, Senior Principal Analyst in Omdia’s Display research practice. “As production cost reductions begin to take effect, we expect to see larger displays available at more attractive prices for consumers.”

Key Drivers Behind the Growth

Rising demand for larger screens
Consumers’ continued preference for bigger viewing experiences is driving growth in ultra-large TVs (70 inches or more) and large gaming monitors.

Declining production costs
The end of depreciation for G10.5 LCD and G8.5 OLED fabrication plants is expected to lower manufacturing costs, leading to more affordable TV prices and improving accessibility for consumers.

Expansion of new technology products
The foldable smartphone segment continues to expand, while rising demand for mobile PCs, fuelled by advances in artificial intelligence, is further boosting display area demand.

Omdia’s outlook suggests that panel manufacturers will look to maximise use of existing Gen8 and Gen10 production lines. The increased demand for large displays is expected to improve fab utilisation rates and strengthen overall market stability.

The findings are based on Omdia’s Display Long-Term Demand Forecast Tracker, which offers comprehensive analysis and projections for the global display supply chain.