Touch Display Module Interface Intelligence Service

The 2023 shipment forecast was raised to 1,349 million units because of brands' and Chinese agents' increasing inventories in 2Q23. Because brands and agents predict rising demand in 2024, they procured displays at lower prices in 2Q23.

Because of the high-level factors (weak demand, inventory cleanup, the Russia-Ukraine conflict, and US quantitative tightening) influencing global economics and geopolitical conflicts, shipments are expected to decline slightly in 2023. 

FoD module shipments were lowered from 360.6 million (estimated in 1Q23) to 354.1 million owing to the weak smartphone market.

Shipments in 2023 are expected to slightly decline owing to geopolitical conflicts and high-level factors (weak demand, inventory cleanup, Russia-Ukraine conflict, and US quantitative tightening) that are influencing worldwide economics.

Chinese agents and brands increased inventories for touch panels in 2Q23, leading to a rise in the shipment forecast for 2023 to 1,349 million units. They procured displays at lower prices in 2Q23, and demand is expected to increase in 2024.

FoD module shipments fell from 360.6 million (estimated in 1Q23) to 354.1 million owing to the weak smartphone market. FoD module shipments (0.2% YoY decline) should still perform better than the handset market (5% YoY decline).