Domestic LCD panels account for 55% of global production capacity: catch up with Japan and South Korea

Blaze Display Technology Co., Ltd. | Updated: Nov 27, 2018

In the past, domestic LCD TVs, LCD displays and other large-screen products relied on LCD panels from Japan and South Korea. Now companies such as BOE have achieved the world's largest shipment volume, and this year, the production capacity of domestic panels will historically exceed the global 55%, far ahead of South Korea and Japan

 

At the Micro LED Industry Innovation Forum and Konka Semiconductor Display Technology and Product Launch Conference in Chongqing on the 18th, Liang Xinqing, secretary general of the LCD branch of the China Optics and Optoelectronics Industry Association, said that it is estimated that by 2020, China's panel production capacity will account for 55% of the world.

 

Liang Xinqing introduced and disclosed the latest statistics of the association: 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, accounting for 54.5% of the world, and the output value is 26.685 billion US dollars.