TFT-LCD Is Still The Mainstream Panel

  TFT-LCD is still the mainstream display panel product,the global market share of Chinese enterprises continues to increase,At this stage, the global TFT-LCD industry is mature. In the past five years, the output value has been relatively stable, fluctuating around 130 billion dollars. China is the largest TFT-LCD producer in the world.

  Compared with the international market, China's TFT-LCD production capacity has expanded rapidly in the past five years, and its output value has continued to grow.

  According to the 2022-2026 China Thin Film Transistor Liquid Crystal Display Device (TFT-LCD) Industry Market Research Report released by the New ThinkWorld Industry Research Center,In 2020, China's TFT-LCD capacity will account for more than 50% of the global total capacity for the first time. 

  In 2021, the domestic TFT-LCD capacity will account for 57%, and the output value will reach about US $74 billion. In 2021, in the global TFT-LCD market, Chinese enterprises such as INNOLUX,BOE,CSOT,AUO and Huike will have a high share. BOE is the largest TFT-LCD manufacturer in the world and has strong competitiveness in the field of large size TFT-LCD.

  The global TFT-LCD production capacity is concentrated in Chinese Mainland, Taiwan,China, and South Korea. From the perspective of the South Korean market, Samsung, LG and other panel manufacturers are eliminating LCD production lines to expand OLED production capacity. 

  As the current mainstream LCD products, LG only has some large size TFT-LCD production lines. The TFT-LCD capacity in overseas markets has shrunk, so although China's TFT-LCD capacity has expanded rapidly, the global TFT-LCD output value remains stable.

  Analysts from New Horizon said that in 2021, the proportion of TFT-LCD shipments in the global display panel industry will still reach 65%, far higher than 20% of OLEDs. In comparison, TFT-LCD shipments are relatively stable, OLED has become the upgrade trend of display panels, and the shipments are growing rapidly. 

  In the short term, TFT-LCD will still be the mainstream product in the display panel market, but its demand will gradually decline under the squeeze of OLED in the future. In the long term, the development space of TFT-LCD will shrink. China has become the largest TFT-LCD manufacturer in the world. 

  With the large-scale development of enterprises and the cost performance advantage of products, it will further squeeze the development space of Korean and Taiwan, China manufacturers. In the future, Chinese TFT-LCD manufacturers are expected to monopolize the global TFT-LCD market.

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