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Mini LED backlight LCD TV shipments will surpass OLED TV in 2025

According to a report released by Omdia on March 31, shipments of LCD TV panels equipped with Mini LED backlight will surpass shipments of OLED TV panels in 2025.

Omdia stated that this trend will cause LCD TV panels to pose a long-term threat and impact on OLED TV panels in the high-end TV panel market, and LCD TV panel manufacturers are also continuing to expand panel production capacity in response to this trend.

For example, CSOT will acquire the original LG Display Guangzhou’s 8.5-generation TFT LCD factory with IPS wide viewing angle technology starting in April 2025, and BOE will also expand its 10.5-generation TFT LCD panel production capacity.
Omdia analysts said: "The large and super-large size of LCD TVs and the installation of Mini LED Backlight will pose a long-term threat to OLED TV in the high-end flat-panel TV market. At present, other new display technologies such as Micro LED or near-eye display or light field display have no chance to replace LCD in the field of TV applications. Long-term LCD TV Panels are expected to continue to be in tight supply in terms of area and large size; therefore, under this current situation, panel manufacturers are expanding their production capacity, whether through process optimization of existing factories or adding LCD production capacity through acquisitions. In particular, TFT LCD panel manufacturers in mainland China are more active in expanding production capacity, which also represents their long-term leadership in the TV panel market.”

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