We are the best supplier.
en English▼                Tel:+86 138 2612 1806     X      

Market dataNews

Four firsts in China’s LCD industry

In the past, Japan and South Korea had certain advantages in the LCD industry, both in terms of output and technological advantages.

However, as China’s LCD industry continues to catch up and develop, China currently accounts for more than 50% of the global LCD production capacity and has become the largest production area for integrated LCD products.

At present, my country’s new display industry has initially formed an industrial layout pattern in the Beijing-Tianjin-Hebei region, the Yangtze River Delta, the southeast coastal region, Chengdu, Chongqing, and Hubei.

  • No. 1 in comprehensive output

As early as 2019, my country’s total LCD production capacity reached 11.34.81 billion square meters, ranking first in the world. In the past two years, not only the LCD industry still has an advantage, new display technologies such as OLED panels also account for 10% of the production capacity.

  • Largest single brand

China has accounted for more than 50% of global LCD production capacity, and BOE’s share is close to 30%, making it the world’s largest LCD manufacturer.

With the gradual withdrawal of major manufacturers such as Samsung and LG from the LCD market, BOE is still increasing its production capacity, and its market share is expected to further increase in the future.

  • Catch up speed first

In 2000, China’s LCD industry can be said to be “one poor and two white”. LCD panels were once the most sought-after product among Chinese imports.

Only two decades later, China’s LCD panel products are oversupply, and the market continues to call for control of LCD production.

In the past year, there have been basically no new production lines. Only the production capacity of the original production lines has increased.

The price of LCD panels has been rising in the past year. At present, production capacity and demand have reached a balance point.

  • No. 1 market potential

China’s LCD panel demand market potential is also the world’s largest.

Over the years, products such as mobile phones, LCD TVs, and conference tablets have continued to develop, with larger sizes and lower prices, and consumers are willing to replace them with new ones.

Although the sales growth of mobile phones and TVs in the past two years has not been as good as expected, from a global perspective, the Chinese market is still an extremely important part of the demand for LCD panels.



Leave a Reply

Get a Quote ?