China's LCD industry occupies 50% of global production capacity, BOE surpasses LG to become first

With the continuous increase in the technical standards and production capacity of domestic LCD panel manufacturers, and the suspension or transformation of established LCD manufacturers in Japan, South Korea and other countries, Chinese manufacturers finally have a proud moment in this field: BOE has surpassed LG to become the world's number one , LCD panel production capacity of Chinese manufacturers accounted for half of the global market. In 2001, BOE officially went public. In the following 20 years, Chinese LCD manufacturers have completely subverted the pattern in the panel industry. At present, everyone can afford and can afford LCD monitors and high-definition TVs, thanks to Dividends brought by Chinese products with high quality and low prices.

According to data from overseas professional organizations, BOE's share of global LCD panel shipments in April 2020 is 27. %, leading the second-placed Innolux by 16.4%. The traditional giant LG Display ranked third with a share of 15.4%. AUO, Huaxing Optoelectronics, and Samsung ranked four to six, with shares of 14.8%, 5.8%, and 5. %.

In addition, if measured by the total area of panels shipped, the advantage of Chinese manufacturers will become even greater. BOE’s share reached 20.4%, continuing to rank first, Huaxing Optoelectronics ranked second with 14.4%, and among the top ten. Electric Panda, HKC Huike and Rainbow Optoelectronics ranked seven to nine.

Due to the rapid development of the above-mentioned companies in the industry, China’s LCD production capacity has also been ranked first in the world. In 2015, the figure was only 23%, but it climbed to 46% at the end of 2019, and has exceeded 50%. % Mark, more than half of the global share comes from Chinese manufacturers, and it is expected to increase to more than 60% in 2023. For more info: https://www.leadtekdisplay.com