China’s display makers expect to grab 55% of global LCD panel shipments this year

The U.S currently holds the upper hand when it comes to semiconductor technology. That is why the ban on some Chinese companies from using US technology was hard felt. A few years back, most of the LCD panels in use by Chinese manufacturers in TVs, monitors, and other large-screen products were procured from Japan and South Korea.China’s display makers expect to grab 55% of global LCD panel shipments this year

But in recent times, domestic companies like BOE have been able to overtake manufacturers from Japan and Korea to ship the highest volume globally. China’s Display manufacturers have predicted that this year’s domestic panel production capacity will historically account for around 55% of the global panel shipments.

This was made known at the 2020 Chongqing Micro-LED Industry Innovation Forum and Konka Semiconductor Display Technology and Product Launch Conference was held yesterday in China. The statement is credited to Liang Xinqing LCD Branch Secretary of the China Optics and Optoelectronics Manufacturers Association.

Liang Xinqing also disclosed that the global display device output value in the first three quarters of 2020 was US$82.723 billion, an increase of 8.6% year-on-year. The shipment area was 178 million square meters, an increase of 5.7% year-on-year.

The data for the first three quarters of 2020 in Mainland China shows that the TFT-LCD shipment area is 97.01 million square meters, which accounts for 54.5% of the global market and the output value is $26.685 billion US dollars.

However, in terms of AMOLED panels, lots of efforts are still needed to gain more market shares. In the first three quarters, the AMOLED shipment area was 1.09 million square meters, accounting for 0.6% of the global market, and the output value was US$2.709 billion.

At the same time, Liang Xinqing also mentioned domestic shortcomings. Currently, Japan has mastered the upstream core technology, South Korea’s OLED is the world leader. He added that China was currently gaining an advantage in terms of production capacity, but the technology structure is single and the entire industry chain is still to make significant headway.

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