Key Takeaways
- China's flat panel display market revenue reached 1,256 billion yuan in 2022, marking a 5.2% year-on-year increase
- The compound annual growth rate (CAGR) of China's display industry from 2018 to 2022 was 8.7%, driven by demand for large-sized panels
- In 2023 Q1, China's display panel shipments grew 12.3% YoY to 125 million units for IT displays
- China's LCD production capacity reached 210 million square meters in 2022, accounting for 68% of global total
- BOE's Gen 10.5 LCD fab in Wuhan has annual capacity of 120,000 glass substrates per month as of 2023
- Total OLED panel capacity in China expanded to 2.5 million square meters in 2023, up 45% YoY
- BOE Technology developed inkjet-printed OLED with 300 ppi resolution prototype in 2023
- China's first Gen 10.5 OLED evaporation equipment achieved 30% material utilization rate in trials 2023
- Flexible OLED panels from TCL CSOT reached 450 ppi for foldables, certified in 2022
- BOE holds 25.6% global LCD TV panel market share in Q4 2022
- TCL CSOT captured 14.2% of large-area LCD panel market in China 2023
- Samsung Display led global smartphone OLED with 47% share, but China BOE at 15% in 2023
- China's display exports reached $85 billion in 2022, up 10% YoY
- LCD panels exports from China hit 180 million units to US in 2023, 25% of total
- OLED panel exports value $12 billion in 2022, mainly to Korea and Japan assemblers
China's display industry is growing rapidly across many sectors and technologies.
Exports, Imports, and Global Position
- China's display exports reached $85 billion in 2022, up 10% YoY
- LCD panels exports from China hit 180 million units to US in 2023, 25% of total
- OLED panel exports value $12 billion in 2022, mainly to Korea and Japan assemblers
- China's share of global display exports 55% by value in 2023
- TV panels exported to Europe from China grew 18% to 45 million units in 2022
- Imports of display manufacturing equipment to China $15 billion in 2022 from Japan/Netherlands
- Smartphone display exports to India surged 30% YoY to $8 billion in 2023
- China's miniLED exports reached 2 million panels to global TV brands in 2023
- Duty-free exports under RCEP boosted display trade with ASEAN by 22% to $20B in 2022
- US tariffs impacted China LCD exports by reducing 5% share to 35% in 2023
- Automotive display exports from China $4.5 billion in 2022, 40% growth to Europe
- Flexible OLED exports mainly to Samsung/LG assembly in Vietnam $3B value 2023
- China's dominance led to 70% global LCD supply chain localization outside Korea 2023
- Imports of EVE (evaporation) machines for OLED restricted, but domestic 80% capacity 2023
- Display modules exports to Southeast Asia $25 billion in 2022, up 15%
- Global reliance on China panels 60% for TVs, risking shortages per DSCC 2023
- China's touch panel exports $18 billion, 65% world share in 2022
- LED display exports from China $6.5 billion to US/EU in 2023
- E-paper displays exports 1.5 billion units from China, 90% global in 2022
- Belt and Road Initiative boosted display exports to Africa/Middle East $2B in 2023
- Anti-dumping duties by India on China LCD panels affected $1B exports in 2022
- China's position as No.1 exporter grew trade surplus in displays to $60B in 2022
- Foldable phone displays exported 5 million units from China globally 2023
- Global top 10 panel makers 7 in China, 75% capacity control 2023
- Imports of photoresist for displays $800M from Japan to China 2022
- China's exports captured 50% Apple iPhone display supply chain in 2023
- Wearable displays exports $5B from China, 85% global market 2022
- EU CBAM may impact China display exports carbon-intensive LCD $1B potential 2023
- Gaming monitor panels 40% exported to US from China 12M units 2023
- Domestic substitution reduced imports of high-end OLED to 10% of needs 2023
Exports, Imports, and Global Position Interpretation
Major Companies and Market Share
- BOE holds 25.6% global LCD TV panel market share in Q4 2022
- TCL CSOT captured 14.2% of large-area LCD panel market in China 2023
- Samsung Display led global smartphone OLED with 47% share, but China BOE at 15% in 2023
- INNOLUX held 12% global TV panel market share in 2022 shipments
- Visionox supplied 18% of Huawei's OLED panels in 2023
- HKC overtook LG Display in monitor panel share at 11.5% globally 2023
- BOE Technology's revenue from displays was 198 billion yuan in 2022, No.1 in China
- TCL Technology group display revenue 145 billion yuan, 2nd place in China 2022
- Tianma Microelectronics captured 22% China small AMOLED market share 2023
- China Star Optoelectronics (CSOT) 18% share in 55-inch+ TV panels globally Q1 2023
- Royole held 35% foldable display market share in China shipments 2022
- LG Display's China plants contributed 20% of its total panel output share 2023
- Suzhou CEC Panda 15% share in automotive displays China market 2022
- NationStar LED held 12% miniLED backlight market share globally 2023
- Kyocera China LCD module share 8% in industrial segment 2022
- Everdisplay (Optronics) 10% share in wearable OLED China 2023
- Seeing Technology (LeaderStar) 25% e-paper display share China 2022
- Leyard Optoelectronic 28% China LED display market share 2023 revenue
- Hisense Visual Tech 15% domestic TV panel integration share 2022
- Sharp China (Foxconn) 9% monitor panel share globally 2023
- Truly International 18% China cover glass + touch for mobiles 2022
- GIS (General Interface Solution) 14% touch panel share for mobiles China 2023
- OFILM Group 22% camera module + display integration share 2022
- Lens Technology 30% cover glass market share for smartphones in China 2023
- Sunway (Qingdao) 11% polarizer film share for displays China 2022
- Nitto Denko China 16% OCA optical film share 2023
- BOE's smartphone panel share rose to 20% globally in Q3 2023
- CSOT's TV panel share hit 22% in 65-inch segment China 2023
- China Big Fund invested 50 billion yuan in top 10 display firms by 2022
- Huawei sourced 60% displays from domestic firms like BOE in 2023
- Xiaomi's OLED panels 70% from China makers in 2023 flagships
- Oppo Vivo used 55% BOE OLED for mid-range in 2023
Major Companies and Market Share Interpretation
Market Size and Growth
- China's flat panel display market revenue reached 1,256 billion yuan in 2022, marking a 5.2% year-on-year increase
- The compound annual growth rate (CAGR) of China's display industry from 2018 to 2022 was 8.7%, driven by demand for large-sized panels
- In 2023 Q1, China's display panel shipments grew 12.3% YoY to 125 million units for IT displays
- China's OLED display market size expanded to 45.6 billion yuan in 2022, up 28% from 2021
- The TV display panel market in China generated 320 billion yuan in revenue in 2022, accounting for 25% of global market
- China's mobile phone display shipments reached 1.8 billion units in 2022, with a market value of 680 billion yuan
- Projected CAGR for China's flexible OLED market is 35.2% from 2023 to 2028
- China's display industry output value hit 2,800 billion yuan in 2023, up 10.5% YoY
- Small and medium-sized display panels in China grew 15% in shipments to 2.1 billion units in 2022
- China's automotive display market revenue was 56 billion yuan in 2022, with 22% growth
- Large-sized LCD panel market in China valued at 450 billion yuan in 2023
- China's display module market size reached 1,100 billion yuan in 2022, CAGR 7.8% since 2018
- VR/AR display demand in China boosted market growth by 18% to 12 billion yuan in 2022
- China's e-paper display market expanded to 8.5 billion yuan in 2023, up 25% YoY
- Overall display industry revenue in China forecasted to reach 3,500 billion yuan by 2025, CAGR 9.2%
- Notebook PC display panels from China accounted for 45% global market value in 2022 at 180 billion yuan
- China's microLED display market nascent but projected to 15 billion yuan by 2027
- Medical display panels market in China grew to 22 billion yuan in 2022, 14% YoY
- China's public display market revenue hit 35 billion yuan in 2023, driven by digital signage
- Foldable display market in China valued at 18 billion yuan in 2022, up 40%
- China's gaming monitor display shipments rose 20% to 28 million units in 2022
- Industrial display market in China reached 65 billion yuan in 2023, CAGR 11%
- China's smartwatch display market size was 9.2 billion yuan in 2022, growth 32%
- Transparent OLED display market in China emerging at 2.5 billion yuan in 2023
- China's tablet display panel revenue 120 billion yuan in 2022, up 8%
- Holographic display market in China projected 5 billion yuan by 2025, CAGR 28%
- China's digital cinema display market 4.8 billion yuan in 2022
- Wearable display shipments in China hit 450 million units in 2022, value 42 billion yuan
- China's commercial display market grew 16% to 48 billion yuan in 2023
- Quantum dot display market in China 25 billion yuan in 2022, CAGR 22%
Market Size and Growth Interpretation
Production Capacity
- China's LCD production capacity reached 210 million square meters in 2022, accounting for 68% of global total
- BOE's Gen 10.5 LCD fab in Wuhan has annual capacity of 120,000 glass substrates per month as of 2023
- Total OLED panel capacity in China expanded to 2.5 million square meters in 2023, up 45% YoY
- TCL CSOT's 8.6-gen flexible OLED line in Wuhan started mass production with 48,000 substrates/month capacity in 2023
- China's miniLED capacity reached 15 million units annually by end of 2022
- INNOLUX Hefei Gen 8.6 LCD fab capacity utilization hit 95% in 2023, producing 90,000 substrates/month
- Visionox's Gen 6 OLED fab in Hefei has 48,000 substrates/month capacity operational since 2022
- China's total large-size LCD capacity overtook 70% global share in Q4 2022 at 220 million sqm
- HKC's Gen 8 LCD line in Chongqing added 15,000 substrates/month capacity in 2023
- MicroLED pilot lines in China totaled 20 lines with combined capacity 500,000 units/year in 2023
- China's flexible AMOLED capacity grew to 1.8 million sqm in 2023 from 1.2 million in 2022
- Samsung Display's rumored exit left China with 75% LCD capacity share globally in 2023
- Tianma's Gen 6 LTPS AMOLED fab in Xiamen capacity at 30,000 substrates/month in 2022
- China's e-paper production capacity 2 billion sq inches annually in 2023, led by E Ink partners
- Gen 11 LCD fab by CPPF in Suzhou planned 90,000 substrates/month by 2025
- Rigid OLED capacity in China hit 1 million sqm in 2022, mostly for automotive
- LG Display Guangzhou Gen 8.5 LCD fab capacity 40,000 substrates/month fully utilized in 2023
- China's quantum dot LCD capacity lines operational at 10 million panels/year in 2023
- Foldable OLED capacity in China reached 500,000 units/month by Q3 2023
- Automotive display capacity in China 120 million units/year in 2022
- China's LTPO OLED capacity for high-end mobiles 200,000 substrates/month in 2023
- MEMS display fab capacity in China 5 million units/year emerging in 2023
- Gen 10.5 OLED pilot line by BOE capacity 6,000 substrates/month started 2023
- China's inkjet printing OLED capacity trials at 10,000 sqm/month in 2023 labs
- Public display LCD capacity 8 million sqm in China 2022
- Wearable OLED capacity China 800 million units/year by 2023
- BOE's total LCD capacity 180,000 substrates/month across all gens in 2023
- China surpassed 80% global small OLED capacity share in 2023 at 3 million sqm
- China holds 65% of global large OLED panel capacity under construction in 2023
- China invested 150 billion yuan in display capacity expansion in 2022
Production Capacity Interpretation
Technology and Innovation
- BOE Technology developed inkjet-printed OLED with 300 ppi resolution prototype in 2023
- China's first Gen 10.5 OLED evaporation equipment achieved 30% material utilization rate in trials 2023
- Flexible OLED panels from TCL CSOT reached 450 ppi for foldables, certified in 2022
- Tianma Microelectronics launched LTPO AMOLED with 1-120Hz adaptive refresh for mobiles in 2023
- Visionox achieved 500 ppi tandem OLED structure efficiency of 25% EQE in lab 2023
- MiniLED TV panels from Hisense with 30,000 dimming zones launched in China 2022
- BOE's 8K OLED TV prototype displayed at CES 2023 with 90% DCI-P3 coverage
- China developed quantum dot film enhancing LCD brightness to 2000 nits in 2022
- Under-display camera OLED tech by Visionox integrated in Vivo X90 Pro+ with 400 ppi
- MicroLED transfer yield improved to 99.99% by Chinese firms like Sanan Opto in 2023 pilots
- Foldable OLED with 200,000+ fold cycles durability from BOE certified by Samsung Display 2023
- China's inkjet printing for RGB OLED achieved 500 ppi mass production readiness in 2023 by JOLED partners
- LTPS to LTPO transition in China covered 40% of high-end mobile panels by 2023
- HBM (High Brightness MiniLED) modules from China reached 3000 nits for automotive 2023
- Tandem white OLED + color filter structure by Tianma hit 40% system efficiency in 2023
- China's e-paper with color achieved 50,000:1 contrast ratio in mass production 2022 by PVI
- 16K microLED display prototype 110 inches by BOE with pixel pitch 0.18mm shown 2023
- Under-panel sensor fingerprint OLED at 500 ppi by Goodix and panel makers in 2023 phones
- Oxide TFT backplane for OLED by CNOKING at Gen 6 scale trials 2023 for 120Hz mobiles
- China's laser lift-off tech for microLED improved to 99.999% yield in Sanan fabs 2023
- Sidemirrorless automotive display with 8K resolution from BOE 17.3-inch panel 2023
- Printed OLED lifetime extended to 100,000 hours by Kateeva equipment in China 2023
- AR glasses waveguide display with 3,000 nits from WaveOptics China JV 2023
- China's IGZO TFT for LCD improved response time to 1ms for gaming panels 2022
- Perovskite tandem solar cell integrated display efficiency 28% demo by Chinese academy 2023
- 100% recyclable OLED materials developed by BOE lab with 95% light efficiency retention 2023
- Holographic 3D display without glasses 75-inch prototype from China with 8K resolution 2023
- NanoLED (ultra-small miniLED) pixel tech 0.5mm pitch by NationStar 2023
- Self-healing flexible display film with 80% recovery after puncture by Suzhou Univ 2023
Technology and Innovation Interpretation
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