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Company News >> China's LCD industry has fought for 20 years: finally occupying 50% of the global production capacity, BOE surpasses LG to become the first

With the continuous improvement of the production capacity and technological level of Chinese LCD panel manufacturers, LCD manufacturers in South Korea, Japan and other countries either suspend production or transform, Chinese companies finally usher in a historic moment in the LCD industry-BOE surpassed LG to become the world's number one, and China Manufacturers' production capacity accounts for half of the LCD market.

 

Counting from the listing of BOE in 2001, this process has lasted for about 20 years. Chinese manufacturers have finally shuffled the market in the important industry of LCD panels. Speaking of which ordinary people can buy large battery TVs and LCD monitors at the price of cabbage, how much Thanks to the progress of these domestic companies.

 

According to data from market research organization Omida, BOE ranked first with a 27.3% share of global LCD panel shipments in April this year, far ahead of other manufacturers, of which Innolux ranked second with a share of 16.4. %, LG Display ranked third with a share of 15.4%, followed by AUO, China Star Optoelectronics and Samsung, with shares of 14.8, 5.8% and 5% respectively.

 

In terms of the total area of ​​panels shipped, domestic companies have even greater advantages. BOE ranks first with a share of 20.4%, and China Star Optoelectronics ranks second with 14.4%. There are also CEC Panda and HKC in the TOP10. Huike and Rainbow Optoelectronics ranked seventh and ninth.

 

The rapid advancement of these companies in the LCD market has also made China gradually become the world's first in LCD production capacity. In 2015, the share was only 23%, but at the end of 2019 it reached 46%. Now it has exceeded 50%, accounting for more than half of the total. The share will be further increased to over 60% in 2023.

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