In a recent report released by IHS Markit on the 27th, it was revealed that BOE's market share in China's panel industry has climbed to 21.7%, surpassing LG Display for the first time and securing the top spot globally. This marks a significant shift, as LG Display now holds second place with a market share of 19.3%—the first time since Q4 2009 that they've dropped from the number one position.
The image accompanying this news highlights BOE's rise as the leading global panel manufacturer, signaling a new era in the industry. As large-screen TVs continue to gain popularity, demand for larger panels is expected to grow steadily. BOE, as China's largest panel producer, has been actively expanding its capabilities. Recently, the company announced the construction of another groundbreaking factory, further solidifying its leadership in the sector.
BOE previously launched the world’s first 10.5-generation TFT-LCD production line, demonstrating its technological edge. According to IHS analysis, large-size LCD panels are set to see rapid growth before 2020, with annual output projected to exceed 20 million units. Currently, the majority of global large-panel production is concentrated in South Korea, Japan, mainland China, and Taiwan, accounting for over 80% of total capacity.
As traditional players like Japanese and Korean manufacturers gradually reduce their presence, Chinese panel makers are stepping in to fill the gap. This trend has led to a steady increase in shipments of mainland-made panels, which is crucial for China’s long-term dominance in the global panel market.
Another key area where BOE is making waves is in flexible OLED technology. With the growing demand for mobile flexible screens, BOE has invested heavily in research and development. Its sixth-generation flexible AMOLED production line in Chengdu began mass production ahead of schedule, breaking the long-standing monopoly held by South Korean manufacturers.
This surge in domestic panel production not only showcases China’s progress in the upstream display industry but also signals a shift in global power dynamics. Many advanced technologies are now firmly under Chinese control, allowing the country to speak with greater authority on the international stage without relying on foreign approval.
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