Market research firm TrendForce said on Monday that is expected 223 million TVs to be shipped in 2021.
This is 2.8% more than last year. The continuation of the COVID-19 pandemic and large sports events such as the Tokyo Olympics will lead this growth.
TV shipment last year dropped at the early stages of the pandemic. This began to turn in April and peaked in October.
Last year, 217 million TVs were shipped, a 0.3% decline from 2019. Some TV companies pushed back some shipment in the fourth quarter due to shortage of chips.
Large-sized TV shipment is expected to grow even higher this year. This is from panel prices increasing, which have made TVs in the 32 to 55-inch sizes decrease in profitability. TV makers are focusing on large-sized TV with higher margins.
In the second half of 2020, shipment for TVs with larger than 65-inch screen increased 23.4% year-on-year, while those over 70-inch increased by 47.8%.
TrendForce said the shipment for TVs with 65-inch or larger screen to increase by over 30% this year.