New Display Industry Trends

 

1. Overview of the new display

Classification

New display refers to LCD (liquid crystal display), high generation OLED (organic light-emitting diode), AMOLED (active matrix organic light-emitting diode), Mini/Micro-LED (micro light-emitting diode), QLED (electroluminescent quantum dots), printed display, laser display, 3D (three-dimensional) display, holographic display, electronic paper Flexible display, graphene display and other technologies.

 

Display technology development history

Looking back at the history of display technology development, around 2000 color display tube technology (CRT) is difficult to meet the needs of use, flat panel display (FPD) on the historical stage, around 2010 thin film transistor liquid crystal display (TFT-LDC) has become the absolute mainstream. In the present, based on thin film transistors and electroluminescent technology progress, active organic light-emitting display (AMOLED) is rapidly emerging. At the same time, based on the current technology manufacturers and researchers expand the marginal extension, and constantly launch laser display, quantum display, graphene display, and other new display technology, greatly enriching the technology matrix.

 

2. Industry chain

Industrial chain structure

According to the data, the new display industry chain structure upstream for the development/etching, a glass substrate, detection, packaging materials, coating/packaging, driver IC, liquid crystal materials, circuit boards, etc.; midstream for LED panels, OLED panels, LCD panels, etc.; downstream industry for the application areas, mainly for cell phones, VR / AR, wearable devices, automotive display, flat / display, laser projection, etc.

 

Downstream field

China's new display industry downstream main application areas for smartphone screens and tablet PC, etc. With the national network infrastructure construction improvement and upgrading, China's smartphone user scale is on a steady upward trend, shipments continue to grow, and so far China has the world's first large-scale smartphone market. According to the data, in 2021, China's smartphone shipments of 329 million, and tablet PC shipments of 284 million.

 

3. China's new display development status

Market scale

As the largest panel manufacturing base and R&D application area, China has become an important engine for the development of the global display industry. The scale of China's new display industry has continued to grow in the past decade or so. According to the data, the scale of China's new display industry shows a year-on-year rise, from 275.8 billion yuan in 2017 to 586.8 billion yuan in 2021, up 31.57% from 2020.

 

Regional distribution

From the regional layout, China's new display industry has formed four major industrial clusters in the Beijing Ring, the Yangtze River Delta region, the Pearl River Delta region, and the central and western regions. Among them, the Pearl River Delta region has the largest production capacity, with 107.46 million square meters in 2022; the Central and Western region ranks second in terms of production capacity, with 70.69 million square meters, the Yangtze River Delta region has 51.45 million square meters, and the Beijing Ring region has 10.52 million square meters.

 

Main product output

The main products of China's new display industry are LED display panels and OLED display panels, according to the data, LCD panel production rose from 56.14 million square meters in 2017 to 97.33 million square meters in 2021, and OLED display panel production rose from 530,000 square meters in 2017 to 2.27 million square meters in 2021.

 

4. China's new display industry market competition pattern

Market competition pattern

According to the data, the key enterprises in China's OLED industry are Samsung, LG, BOE, SZTMC, Huaxing Optoelectronics, Hehui Optoelectronics, and Visionox, whose local Chinese enterprises BOE has the heaviest share, accounting for 21%, is the key enterprise in China's OLED industry, SZTMC accounts for 4%, Huaxing Optoelectronics accounts for 5%, Hehui Optoelectronics accounts for 3% and Visionox accounts for 7%.

The main enterprises in the market competition pattern of China's LED industry are BOE, Huaxing Optoelectronics, Quntron Optoelectronics, AUO, and Huike, among which BOE accounts for the heaviest share, 29%, is the key enterprise in China's LED industry, Huaxing Optoelectronics accounts for 16%, Quntron Optoelectronics accounts for 11%, AUO accounts for 10%, Huike accounts for 9%, and other enterprises account for 25%.

 

Key enterprise analysis

BOE is the key enterprise in China's new display industry, its LED and OLED market share is the heaviest, according to the company's annual report, BOE display business revenue rose year by year, as of the first half of 2022, BOE display business revenue of 80.64 billion yuan, the business accounted for 90.21%.

 

5. Future development trend of China's new display

With the development of China's digital economy, display industry grows digital economy development, its digital economy leads the new display industry to accelerate development, with the high-quality development of the new display industry, it will be a huge market opportunity for reality-specific materials and equipment, the future of China's new display industry innovation to accelerate, the application gradually diversified, the development prospects are broad.