Inventory replenishment began in the second half of the year. In July, shipments saw a strong year-on-year growth. BOE, TCL Star, Huiko...

On August 19th, according to the "AVC Industry Chain - Global TV Panel Production, Sales and Inventory Monthly Report" by AVC Revo, in July, the global TV panel shipments reached 21.3 million units, up by 7.8% year-on-year and 4.2% month-on-month. Among them, LCD TV panel shipments were 20.7 million units, up by 7.3% year-on-year and 5.4% month-on-month; OLED TV panel shipments were 0.6 million units, up by 29.7% year-on-year and down by 26.6% month-on-month. 
In terms of size structure, the sales of 32/55/75-inch and extra-large sizes have increased year-on-year. The average size is 51 inches, with a 0.1-inch decrease compared to the previous period. The shipment area is 15.2 Mm², up 7.3% year-on-year. 

Ovumor pointed out that as of July, the panel purchasing activities of TV brand manufacturers have turned to be proactive. The TV panel shipments have shown a strong month-on-month growth, reversing the sluggish trend in the second quarter.

24.07 - 25.07 Global TV Panel Shipments and Year-on-Year Changes

BOE (BOE Technology Group): In July, the company shipped 5.7 million TV panels, representing a year-on-year growth of 18.0% and a month-on-month increase of 1.6%. The shipment volume remained the highest in the industry. From the perspective of size structure, the shipment volumes of 32-inch and 55-inch panels saw significant growth both year-on-year and month-on-month. Driven by the inventory replenishment of domestic brands and contract manufacturers in the second half of the year, the overall shipment volume remained at a high level. 
CSOT (Hua Xing): In July, the TV panel shipment reached 5.0 million units, up by 36.3% year-on-year and 10.4% month-on-month. It ranked second in terms of shipment volume. The shipment volumes of 32-inch, 55-inch and 65-inch products increased significantly both in terms of year-on-year and month-on-month. After the T11 factory was integrated, the shipment volume of 86-inch products gradually increased. With the demand from brand customers, the shipment volume saw growth. 
HKC (Hikvision): In July, the TV panel shipments reached 3.4 million units, up 19.2% year-on-year and 23.6% month-on-month. The ranking rose to third. In terms of size structure, the shipments of 32/40/55-inch models increased significantly both year-on-year and month-on-month, while the shipment of 43-inch models decreased significantly both year-on-year and month-on-month. The shipment of 50-inch FHD panels gradually increased, with a monthly shipment of 1.7 million units. 
INX (Chimei Innolux): In July, TV panel shipments reached 3.0 million units, representing a year-on-year growth of 0.9% and a month-on-month decrease of 4.8%. Among them, the shipment volumes of 32-inch and 40-inch panels showed a significant month-on-month decline. 
AUO (友达): In July, the TV panel shipments reached 1.5 million units, representing a year-on-year growth of 3.5% and a month-on-month decrease of 9.8%. This was mainly due to the fact that the shipment volume of 32-inch products increased year-on-year but decreased month-on-month， resulting in a significant fluctuation. 
CHOT (Rainbow Optoelectronics): In July, the company shipped 1.2 million TV panels, representing a year-on-year growth of 9.3% and a month-on-month growth of 4.0%. From the perspective of size structure, the shipment volume of medium and small-sized panels contracted year-on-year, while the shipment volumes of 55/85-inch panels showed better growth both year-on-year and month-on-month. 65-inch panels have been produced in small batches, and large-scale mass production will start in September. 
Sharp: In July, the TV panel shipments reached 1.0 million units, a year-on-year decrease of 28.3% and a month-on-month increase of 20.6%. The G10.5 factory saw growth in both 43-inch and 75-inch shipments month-on-month and year-on-year, while the 65-inch shipment remained stable. 
LG Display (LG Display): In July, the OLED panel shipments were 0.5 million units. The overall shipments decreased by 65.5% year-on-year and dropped by 10.3% month-on-month. Among them, OLED shipments increased by 50.0% year-on-year, and the total shipment volume of OLED products across all size segments achieved a year-on-year growth. 
SDC (Samsung Display): In July, the company shipped 34,000 QD OLED panels. Due to the customer's inventory replenishment schedule, the sales volume decreased by 58.0% year-on-year and 80.8% month-on-month. 
TIANMA (Tianma): In July, the panel shipment volume was 43,000 pieces. Currently, 50-inch panels are in mass production, and plans are also underway for 43-inch and 65-inch sizes.

Global TV Panel Factory Shipments Ranking in July 2025

Ovumiruo stated that after the rapid inventory reduction on the TV brand side in the second quarter of this year, Chinese brands have rapidly resumed their purchase volume, preparing for the promotion period in the second half of the year and boosting their sales targets for the entire year. The panel factories will continue to increase their production capacity, and the planned shipment volume for August and September will increase month by month.