China has the fastest growth rate. Chinese medical equipment industry scale reached US$90 billion in 2019, an increase of 18% YOY. Also due to the epidemic, the growth rate of the medical equipment industry rose to 27%. This figure not only reflects the large increase in demand for medical equipment, but also explains the export volume is higher than before.
In 2020, global smartphone panel shipments reached 1.89 billion pieces, YOY 6%
According to Sigmaintell's data tracking, global smartphone panel shipments totaled 1.89 billion (open cell) in 2020, YOY 6%. In terms of quarters, the largest increase was in 20Q4, when global smartphone panel shipments totaled 570 million (open cell), YOY 17%.
According to Sigmaintell’s data, it is predicted that the price of 2M camera modules will increase by about 6.5% at the end of 21Q1 (March), and it will show a trend of flat growth with stable demand in 21Q2.
According to Sigmaintell's data, global monitor panel shipments reach 162 million pieces in 2020, a YOY increase of 12.9%. On the Internet + epidemic era, digitization quickly penetrates into every scene of people’s life, study and work, and PC demand has become a new rigid demand. This change will become a new potential for the development of the global monitor market in 2021. With this potential, the upgrade and differentiation of the panel market will also be demonstrated at the same time.
In 2020, China monitor market has experienced ups and downs of "the first decline and then rise". As Sigmaintell predicted in the first quarter, both the consumer market and the commercial market achieved positive growth in the fourth quarter. The "V" shape in the consumer market rebounded, and the "U shape" in the commercial market reset. On an annual scale, the total shipment scale of China monitor market is approximately 34.5 million units, a YOY increase of 2.4%.
Driven by the housing economy and active overseas fiscal policies, overseas market demand has a retaliatory rebound in the second half of the year, and it drive the shipments and area of global LCD TV panel to show a clear "V"-shaped reversal. The year-on-year decline in shipments has significantly narrowed in 20Q3, while the shipment area has a substantial increase. According to Sigmaintell's data, global LCD TV panel shipments in 2020 are 266 million units, a year-on-year decrease of 6%, and the shipment area reaches 163 million square meters, a year-on-year increase of 2.1%. Shipments were weak in the first half of the year and recovered strongly in the second half.
According to Sigmaintell investigation in Jan., global smartphone shipment in 20Q4 was around 371 million and made a YoY 1.3% growth. Among them, under iPhone 12 series performance well, Apple had a best 85.5 million shipments and around 23.0% market share leading market. Due to fierce completion and components shortage, galaxy SEC shipped around 62.2 million in 20Q4 and accounted for around 16.7% MS, YoY down around 1.2 points. Xiaomi ranked the third in line with 43.3 million shipments in 20Q4, even though Xiaomi got impaction by soc shortage in 20Q4. Oppo and Vivo were following the ranking performance. Just Huawei was out of TOP5 with 32.1 million shipments due to the USA ban.
In terms of large size, manufacturers' stocking demand and supply continue to be tight, and the average price is expected to maintain an increase of about US$5 in January.
The overall market is relatively turbulent at this stage, and the price of mobile phone panels is relatively chaotic. There are many factors affecting prices. For the supply side, the price of individual components upstream of some technologies has risen, and the cost of panel BOM has risen.
The year 2020, which is soon to be over, is a year of great changes for the TV industry; it’s a harvest year for the head manufacturers; and it’s a painful year for the practitioners. According to the statistics of Sigmaintell, in the context of the COVID-19, the postponement of major events and social isolation, the global TV market shipments in 2020 will increase by 2.6% year-on-year, reaching 247 million units; Driven by the large-size panel, the shipment area increased by 15.7% year-on-year to 163 million square meters.
The spread of COVID-19 has had a significant negative impact on both the consumer and the production and supply sides of the world. Although the epidemic in Asia, dominated by China, Japan, and South Korea, was effectively controlled in the second quarter, the epidemic in Europe, the United States and other regions began to break out. In the second quarter, the car sales experienced a cliff-like decline.
Due to the impact of the epidemic, terminal demand weakened. Global smartphone panel shipments in the first half of the year were about 804 million, down slightly by about 3%
In 2020, COVID-19 spreads globally and has an unprecedented impact on the economic development of various regions around the world. IMF lowered its global economic growth forecast for this year to minus 4.9% on June 24, a drop of nearly two percentage points from three months ago. The global economic downturn is expected to bottom out from April to June. The recovery began gradually.Sigmaintell analyzes the impact of COVID-19 on the development of the global TV market from the two dimensions of market shipment and supply chain. The main views are as follows:
Sigmaintell predicts that notebook panel prices of low-end TN products will be supported by costs. The average price in February and March will increase by 0.3 to 0.5 USD, and the average price of IPS products in February and March will increase by 0.2 to 0.5 USD.
Affected by international trade frictions and economic structural transformation, the downward pressure on China's economy has increased in 2019, and the annual GDP has increased by 6.1% year-on-year, which is a 0.5 percentage point decline from the growth rate in 2018. Domestic consumer demand is also declining, with its contribution to GDP growth falling from 79% at the beginning of 2018 to 58% at the end of 2019. Changes in the macro environment have been transmitted to the China display market, which has affected the demand of the commercial market. However, under the empowerment of structural opportunities such as e-sports, curved surfaces, and widescreen, the demand for China's display consumer market has increased, driving the overall market size to grow against the trend. According to Sigmaintell data, the total shipments of China's display market in 2019 reached 33.7 million units, a year-on-year increase of 2%.
fected by the decline in market demand and the impact of international trade frictions, global display panel shipments in 2019 have experienced a significant decline. According to Sigmaintell data, display panel shipments in 2019 were 140 million units, a decrease of 5.2% year-on-year, and the area of shipments was basically flat. In terms of shipments, BOE ranked first; LGD ranked first in terms of shipment area.
Global smartphone panel shipments in 2019 were approximately 1.78 billion, a decrease of approximately 4.9% year-on-year.
The automotive display market has a trend of large size and size diversification, and the existing mainstream size market has gradually turned into a stock market. The mainstream size of the instrument display market is still concentrated below 5 inches, that is, 3.5 inches and 4.2 inches. After 2019, it is already a stock market with few new entrants. According to data from Sigmaintell, the mainstream price of 3.5-inch instrument display modules in 2020 will show a slight annual downward trend, staying at about 12.2 US dollars, and a YoY decrease of about 3.2%.
With the burgeoning development of rear-mounted multi-camera in 2019, demand for smartphone cameras continues to rise. According to data from Sigmaintell, shipments of rear-mounted multi-cameras after 2019 will increase by 23% YoY.
According to Sigmaintell's supply-demand model, the global LCD TV panel supply-demand ratio fell to 4.6% in the first quarter of 2020. The overall supply-demand balance was restored, and supply and demand in some dimensions were tight. It is expected that the mainstream LCD TV panel prices will rise in January in general, and maintain the upward trend in February. The performance of each size is as follows:
