IHS Technology defines UHD panels as including 4K TV, wide viewing angle, high dynamic range and other features.
UHD panels, it said, are in demand because they suit large screens and have higher pixel densities. TV panel prices have fallen and that’s also generating demand from customers and encouraging vendors to increase supplies.
IHS estimates that as many as 40 million units will ship this year.
Ricky Park a senior analyst at IHS, said: “The increased supply of LCD TV panels has caused a downturn in panel prices, providing consumers with a cheaper selection of wide screen TVs and whetting their appetites for even larger TVs with higher resolution.”
He said increased demand has caused prices to fall and demand means 67 million units are likely to ship next year.