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keyword:Leo Chen4 result(s)

Press Releases
Quarterly Notebook Panel Shipment Reaches Historical High of 72.27 Million Pcs in 3Q21 Thanks to High Demand for Commercial Notebooks, Says TrendForce

2021/11/02

Display / Consumer Electronics

Owing to persistently strong demand for notebook panels and increased supply of such upstream components as ICs and TCONs, quarterly notebook panel shipment reached yet another historical high in 3Q21, with 7227 million pcs shipped, representing an increase of 71% QoQ, according to TrendForce’s latest investigations TrendForce indicates that the proliferation of the stay-at-home economy resulted in record-setting performances from the notebook panel market, in which quarterly shipment reached historical highs for three quarters consecutively across the 1Q21-3Q21 period Nevertheless, market demand for panels has shown partial signs of weakening Demand remains strong for commercial notebooks but has begun plummeting for consumer notebooks and Chromebooks Alongside this drop in Chromebook demand, 116-inch panels, which are the mainstream size of Chromebook displays, have also dropped in terms of shipment volumes, reaching only 1088 million pcs shipped in 3Q21, a 283% QoQ decline Quarterly shipment of Chromebook panels is expected to undergo a further decrease in 4Q21 In addition, given the aforementioned strong demand for commercial notebooks, panel suppliers have quickly transitioned their focus towards 14-inch and 156-inch panels in response, and the combined quarterly shipment of both of these sizes reached 4645 million pcs in 3Q21, a 202% QoQ increase The bullish performance of these sizes of notebook panels thereby became the key reason behind the historical high in notebook panel shipment in 3Q21 Due to panel suppliers’ swift response to changes in the market, notebook panel shipment for 2H21 is not expected to be overly impacted by the weakening demand for Chromebooks and consumer notebooks For now, TrendForce projects notebook panel shipment for 4Q21 to reach 7115 million pcs, while shipment for the entire 2021 is expected to reach 2781 million pcs, a 232% YoY increase Looking ahead to 2022 and regarding the supply side of the panel market, most panel suppliers will be aggressive in their shipment plans for notebook panels due to the massive growth in notebook panel shipment across the 2020-2021 period As such, panel suppliers are planning to ship about 330 million pcs of notebook panels in 2022 However, if a corresponding demand for notebooks fails to emerge next year, the notebook panel market may enter into an oversupply situation, thereby placing downward pressure on panel prices Regarding the demand side of the panel market, demand for Chromebooks and consumer notebooks will likely continue to slow down next year, but this slowdown will be accompanied by a corresponding growth in commercial notebook demand due to the persistent growth of the overall economy, along with the global digital transformation also taking place Taking these factors into account, TrendForce expects annual notebook panel shipment for 2022 to reach 279 million pcs, representing a slight growth of 03% YoY For more information on reports and market data from TrendForce’s Department of Display Research, please click here, or email Ms Vivie Liu from the Sales Department at vivieliu@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
High-End Notebook Panels Projected to Surpass 20% Market Share in 2022 as Spotlight Falls on Oxide/LTPS/OLED Technologies, Says TrendForce

2021/07/27

Display

The massive rise in market demand for notebook computers in response to distance learning needs and WFH applications from 2020 to 2021 has generated not only a double-digit growth in notebook panel shipment, but also a price hike of more than 40% for notebook panels, according to TrendForce’s latest investigations As various suppliers subsequently scramble to manufacture OLED, LTPS, and oxide panels, TrendForce forecasts these high-end notebook panels to reach a 178% market share in 2021 and 214% in 2022 Panels based on OLED technology are primarily supplied by SDC, whose OLED notebook panel shipment for 2020 reached 800,000 pcs SDC is expected to ship more than four million pcs of OLED notebook panels in 2021, with room for further growth in 2022 In addition to SDC, EDO is also expected to begin mass producing OLED notebook panels in 2H21-1H22 As such, TrendForce expects OLED panels to reach a 13% penetration rate in the overall notebook panel market this year Although BOE and CSOT are currently fully engaged in Hybrid OLED development, Hybrid OLED panels will not enter mass production until 2023 due to technological and cost-related bottlenecks that are yet to be resolved The top three suppliers of LTPS panels are, in order, AUO, CSOT, and Tianma Thanks to such advantages as low power consumption and narrow borders, LTPS panels are widely used in high-end notebook computers In the overall notebook panel market, LTPS panels are expected to reach a penetration rate of 37% this year With regards to LTPS suppliers, AUO will likely expand its L6K fab’s production capacity of LTPS notebook panels in 2022 Innolux, on the other hand, currently allocates the LTPS production capacity in its Luzhu-based panel fab primarily for smartphone displays Innolux is expected to mass produce LTPS panels for notebooks some time in 2H21 CSOT and Tianma will likewise gradually increase the share of LTPS notebook panels in their overall panel production in spite of their lack of capacity expansion plans at the moment Finally, oxide panels are primarily supplied by LGD, Sharp, and BOE Much like LTPS panels, oxide panels have the advantage of low power consumption and narrow borders However, oxide panels are relatively more cost-competitive compared to LTPS panels, as the former require fewer mask layers during the manufacturing process Hence, oxide panels currently possess the highest market share among all high-end notebook panel types TrendForce expects oxide panels to reach a 128% penetration rate in the notebook panel market this year With regards to suppliers, IVO and HKC are expanding the production capacities at the Kunshan-based Gen 5 fab and Mianyang-based Gen 86 fab, respectively, for oxide panels this year, while CSOT is also planning the same for its new Gen 86 fab in Guangzhou Once these three suppliers finalize their expansion activities, their oxide panel capacities are expected to exceed 70K sheet/m, and these capacities will be gradually available for mass production across 2022-2024 For more information on reports and market data from TrendForce’s Department of Display Research, please click here, or email Ms Vivie Liu from the Sales Department at vivieliu@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
Monitor Panel Shipment for 1Q21 Declines by 8.6% QoQ to 39.9 Million Units Due to IC Shortage and Samsung's Exit, Says TrendForce

2021/06/01

Display

Owing to the stay-at-home economy brought about by the onset of the COVID-19 pandemic, demand for IT products has been sky-high since 2Q20 However, monitor panel shipment for 1Q21 declined by 86% QoQ to 399 million units due to the shortage of components such as ICs in the upstream supply chain, as well as SDC’s (Samsung Display Co) decision to shutter its monitor panel manufacturing operations, according to TrendForce’s latest investigations Regarding the two aforementioned factors constraining the shipment performances of monitor panel suppliers, TrendForce indicates that SDC will exit the monitor LCD panel manufacturing business after it reaches its shipment target of 12 million panels in 1H21 This figure represents a staggering 938% decline compared to the 193 million units of LCD panels that SDC shipped throughout last year Aside from SDC’s decision, the other detractor of monitor panel shipment in 1Q21 was the tight supply of semiconductor production capacity, which resulted in a shortage of such components as ICs and TCON (timing controllers) in the upstream panel supply chain Panel suppliers were hence constrained in their ability to manufacture panels, thereby leading to a shortage of monitor panels In addition, since TV and notebook (laptop) panels have higher profit margins compared to monitor panels, panel suppliers generally allocate less of their production capacities for manufacturing monitor panels relative to the other products Monitor panel shipment for 2021 is still likely to experience a YoY growth as material shortage becomes alleviated going forward Nonetheless, as demand for TV and notebook computers gradually slows, and certain semiconductor foundries are expected to expand their production capacities in 2H21, TrendForce believes that panel suppliers will likely in turn allocate more production capacities to clients in the monitor segment in 4Q21 More specifically, the current shortage of components in the upstream supply chain, which has been exerting significant downward pressure on monitor panel shipment, will be gradually alleviated in 2H21 On the demand side, the persistent stay-at-home economy will continue to generate demand for IT products Monitor brands will therefore ramp up procurement activities for components such as panels in order to maintain a healthy inventory level In light of influences on the supply side and demand side, TrendForce expects monitor panel shipment for 2021 to reach 169 million units, a 42% YoY growth For more information on reports and market data from TrendForce’s Department of Display Research, please click here, or email Ms Vivie Liu from the Sales Department at vivieliu@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
Despite Cyclical Off-Season, High Demand Results in Historical High for Notebook Panel Shipment in 1Q21, Says TrendForce

2021/03/31

Display

The onset of the COVID-19 pandemic in turn generated a high demand for notebook computers While demand began ramping up in 2Q20, subsequently resulting in a shortage in 3Q20 and 4Q20, the shortage in the notebook market has yet to be resolved even now, according to TrendForce’s latest investigations The high demand for notebooks is estimated to propel the quarterly shipment of notebook panels to a historical high of 653 million units in 1Q21, which is a 35% increase QoQ and a 465% increase YoY With regards to supply and demand, TrendForce believes that the current shortage of notebook panels can primarily be attributed to the soaring market demand for notebooks In terms of supply, notebook panel shipment underwent YoY increases of more than 20% during each quarter from 2Q20 to 4Q20 At the moment, panel orders from notebook manufacturers still exceed the order fulfillment capacity of panel suppliers by about 30-50%, as panel suppliers are bottlenecked by the shortage of certain semiconductor components, such as DDICs and T-cons Given the extremely tight supply of panels relative to demand, notebook panel prices have skyrocketed accordingly Case in point, quotes for 116-inch panels, which are among the mainstream and are widely used for Chromebooks, are now closing in on quotes for 14-inch and 156-inch panels As such, the high profitability of notebook panels have led panel suppliers to set more aggressive shipment targets this year In particular, after CEC-Panda sold its Nanjing-based Gen 85 fab and Chengdu-based Gen 86 fab last year, the company currently possesses a sole remaining Gen 6 fab in Nanjing While this fab has never manufactured notebook panels in the past, plans for manufacturing 116-inch panels are now underway, with mass production expected to start in 2Q21, owing to the extremely high market demand for notebook panels It should also be pointed out that HKC has been mass producing 116-inch panels since February 2021 The company is expected to start mass producing 14-inch panels in 2Q21 and 156-inch as well as 133-inch panels in 2H21 HKC aims to ship about 10 million notebook panels this year TrendForce indicates that the current demand for notebook panels will likely persist through 3Q21 However, as the shortage situation has persisted for more than three quarters since it surfaced in 2Q20, some notebook manufacturers may begin overbooking panel orders due to the expectation of further shortages Therefore, if the actual market demand were met ahead of expectations, panel suppliers may potentially slow down their panel shipments in 2H21 Even so, the new normal brought about by the pandemic will continue to power the global digital transformation For instance, in response to the digitization of distance learning, the education sector is expected to generate recurrent demand for Chromebooks As a result, TrendForce has a positive outlook on the annual shipment volume of notebook panels for 2021, which is expected to reach 249 million units, a 105% increase YoY For more information on reports and market data from TrendForce’s Department of Display Research, please click here, or email Ms Vivie Liu from the Sales Department at vivieliu@trendforcecom

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