laitimes

China surpassed South Korea and became the world's first for the first time in 17 years! Won the global 41.5% display share

China surpassed South Korea and became the world's first for the first time in 17 years! Won the global 41.5% display share

In recent years, China's electronic product market has developed rapidly and achieved remarkable results in the international market. Recently, the Chinese display market has also brought a good news.

On April 24, local time, according to media reports, China's display market has overtaken South Korea and become the world's first. South Korea has always been at the top of the list in this market, and South Korea has finally lost its championship after 17 years of "dominating the list".

China surpassed South Korea and became the world's first for the first time in 17 years! Won the global 41.5% display share

According to the data, in the global LCD and OLED market in 2021, China's sales hit a record high of $64.8 billion, accounting for 41.5% of the total global share. South Korea's market share was 33.2%, down 8.3%.

Analysts believe that one of the main reasons why China can catch up with South Korea in the display market is that China's display screen is cheap and cheap, and consumers can buy a good display at a lower price.

In China's display market, BOE is the largest panel producer in the market and the world's largest LCD producer. Last year, BOE's LCD sales were $28.6 billion, accounting for a large share of the global LCD market.

Seeing that LCD screens do not have as many advantages as China, South Korea has chosen to shift its focus to OLED screens. At present, Samsung, LG and other display factories will convert LCD production lines to OLED production lines. The data shows that China's OLED market share is only 16.6%, and South Korea's is 82.3%.

China surpassed South Korea and became the world's first for the first time in 17 years! Won the global 41.5% display share

However, the electronic products on the market are still dominated by LCD screens. In this way, China's display market will still dominate the world.

Of course, Chinese electronics companies are also currently trying to narrow the gap with Korean companies in the OLED market. It is reported that the small and medium-size OLED screens of many electronic companies, including BOE, have been commercialized.

The Chinese base is large, and the demand for smart phones is also very large, and Chinese companies can obtain sales by supplying OLED to the demand side of smart phones.

China surpassed South Korea and became the world's first for the first time in 17 years! Won the global 41.5% display share

At present, BOE has decided to expand the production of OLED panels, and it is expected that its OLED panel deliveries will increase by 70% to 100 million pieces in 2022.

It is believed that Chinese companies can catch up with the development of the South Korean OLED market in the future.

Text | Zhao Jinjie title | Zeng Yi reviewed | Lee Ze-plutonium

Read on