South Korean media: "It has indeed surpassed South Korea," China's display market share first exceeds 50%!
On December 8, South Korean media "Herald Economic" published an article stating that a new survey shows that Chinese companies' share in the global display panel market has exceeded 50% for the first time. More than a decade ago, the display panel market was dominated by South Korea.
But now it is indeed China that has surpassed South Korea and taken the leading position. In the competition of liquid crystal display (LCD) panels, LG Display and Samsung Display have fallen behind China and are seeking breakthroughs in the next-generation organic light-emitting diode (OLED) display field. However, this field is also being fiercely chased by Chinese companies, and this competition is destined to be no easy task.
Data from the display market research company Sino Research show that the total sales revenue of major panel manufacturers globally reached $56.2 billion in the first half of this year.
Among them, the sales revenue of Chinese companies reached $29.3 billion, an increase of 7% compared to the same period last year. Therefore, the market share of Chinese companies rose to 52.1%.
Sino Research analyzed that "In the first half of this year, the sales revenue of Chinese companies accounted for more than half of the global panel income for the first time."
On the other hand, the sales revenue of countries including South Korea and Japan have all declined. The sales revenue of South Korean display manufacturers fell by 9.5%, and their market share plummeted to about 30%. Japanese companies' sales revenue dropped by 16.7%, and their market share plummeted to 3.5%.
Chinese companies not only achieved growth in sales revenue but also their profitability is on par with their South Korean counterparts. After Samsung Display, which ranked first in operating profit in the first half of the year, Chinese companies TCL and BOE ranked second and third respectively. TCL's net profit in the first half of the year was 4.32 billion yuan, and BOE's net profit was 3.25 billion yuan. Compared to the same period last year, these two figures increased by 74% and 42.15% respectively, indicating strong performance in high-value-added product lines.
The market share of Chinese companies in the OLED market is also expanding, posing a threat to South Korean companies. Market research company Omdia predicts that by 2030, China's share in global OLED production is expected to grow from 30% this year to 42%. Therefore, Omdia predicts that South Korea's share will drop from 69% to 58%.
Regarding this, Chen Yanshun, chairman of BOE, recently said: "The demand for OLED panels is growing rapidly, and BOE plans to expand the application of OLED in areas such as tablets, laptops, and wearable devices."
A South Korean insider in the display industry said: "With a large amount of technology and human resources flowing into China, Chinese companies are catching up very quickly."
Original: toutiao.com/article/1850904891792387/
Statement: This article represents the views of the author himself.