Global TV Shipments To Grow Slowly In 2019-2024

Global TV shipments are expected to stay flat at 217 million units in 2019 as compared to a year earlier and will grow by a CAGR of 1.1% in a five-year forecast period to 231 million units in 2024, Digitimes Research estimates.

Global TV shipments by Taiwan-based companies alone will total below 30 million units in 2019, down 12.2% on year due to reduced of TVs by Foxconn Electronics for Sharp, which has shifted its strategy to produce more of its own TVs in house, Digitimes Research says.

Taiwan’s TV shipments will grow at a CAGR of 0.5% during the forecast period and see its ratio to global TV shipments drop to 13.3% in 2024 compared to 15.9% seen in 2018.

However, Taiwan’s TV shipments are expected to grow significantly in 2020 thanks to capacity buildups by Taiwanese makers, including Foxconn and Amtran Technology, in overseas markets. And annual TV shipments by Taiwan’s suppliers are expected to hover around 30-32.5 million units during the forecast 5-year period.

Among Taiwanese makers, only four players – TPV Technology, Foxconn Electronics, Innolux and Amtran – will be able to continue to maintain their competitiveness in the next five years, due to TPV’s efforts to promote its own-brand products, investment relationships between the Foxconn Group and Sharp, and Amtran’s established client base.―Digitimes

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