The global TV market has observed a shift from bulky CRT TVs to flat panel LCD and OLED TVs over the past decade. Maldivian consumer are preferring large-screen TVs as they have become a status symbol nowadays. It is expected that TVs with display size ranging between 43 and 50 inch will have the fastest adoption rate during the forecast period.
This is because larger screens provide better viewing experience and customers prefer them for aesthetics. However, the changing consumer preferences for screen sizes and technology lead to the imbalance in demand and supply of display panels and driver integrated circuits (ICs), which poses a challenge to manufacturers. The under capacity or overcapacity by electronic device manufacturers leads to fluctuations in demand for semiconductor components, which leads to increased inventory thus affecting an overall revenue of the market.
Not to mention the penetration of Chinese TVs which the lowest price has overtaken the mass market in Maldives by storm which really contributed the raise of more demand for larger size Tvs.
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