According to the "Monthly Tracking of the Global LCD TV Panel Market" released by LOTTO Technology (RUNTO), in March 2022, the global LCD TV panel shipment was about 23M pieces, a slight decrease of 1.1% year-on-year and an increase of 8.8% month-on-month.
Monthly report on the global LCD TV panel market for 13 consecutive months
Source: LOTTO, unit: 1,000 pieces, %
Features of the global LCD TV panel market in March 2022:
--Among the 10 global TV panel manufacturers this month, 9 rose from February, and the only decline was SDC (Samsung Display).
-- Chinese mainland TV panel factory as a whole maintained an upward turnover rate of more than 90%. 5 panel factories, except for HKC (Huike) slightly down 0.6% year-on-year, all others continued to maintain a trend of double growth year-on-year. The market share of mainland panel factories reached 65%, up 5 percentage points over the same period last year.
-- LGD (LGD) shipments this month were very eye-catching, up 11% year-on-year and up 40% month-on-month to 2.2 million units. This is the first time that LGD has shipped more than 2 million units since June last year after adjusting its panel strategy, and it has reached the highest level in 24 consecutive months. LGD leads the oversized product line of TV LCD panels with a large size of more than 86 inches and a market advantage of more than 66%.
--BOE (BOE) continued to rank first in shipments this month with an absolute advantage, shipping more than 5.6 million units, another record high, up 7% year-on-year and 4% month-on-month. BOE continued to expand its leading edge in mainstream product size, with the best performance in the 65-inch product market, shipping about 790,000 pieces this month, achieving double-digit growth year-on-year, with a market share of 35%, continuing to remain the first.
-- CSOT (Huaxing Optoelectronics) shipped more than 4 million pieces for the second time in history, an increase of 12% year-on-year and a 4% increase month-on-month. CSOT has a good performance in 43 inches, 55 inches and 75 inches, especially in 43 inches of products, year-on-year growth of 92%, month-on-month growth of 26%; 55 inches with a market share of 28% still maintains the first place; at the same time in the 75-inch products also increased significantly by 69% year-on-year, an increase of 13% month-on-month, CSOT in the market share of 75-inch products this month more than BOE to win the first position.
-- HKC shipped about 3.45 million units this month, down 0.6% year-on-year and up 4.3% month-on-month. It achieved double growth in 32 inches, 50 inches and 55 inches year-on-year, of which 55 inches increased by 35% year-on-year, 12% month-on-month, and the market share increased steadily.
-- Taiwanese panel manufacturers Innolux (Innolux) and AUO (AUO) accounted for 18% of the combined market, down 4 percentage points from last year. Innolux and AU both declined year-over-year and both rose sequentially. Taiwan panel factories in the 85-inch oversized product growth trend is better, AUO's 85-inch product shipments reached 100,000 pieces, an increase of 47% year-on-year, an increase of 12% month-on-month, Innolux in 85 inches of year-on-year increase of 183%, month-on-month growth of 31%.
-- Due to the excellent performance of LGD, the combined market accounted for the highest value this year, with a market share of 16.8%. SDC (Samsung Display) shipped about 370,000 units this month, the largest decline in the same month, down 51% year-on-year, down 27% month-on-month, and is gradually exiting the large-size LCD business.
--Affected by the conflict between Russia and Ukraine, at the same time, the epidemic control has hindered logistics, freight rates have soared, and the general environmental situation has led to the original global inflation problem becoming more and more obvious, and terminal demand has not been released for a long time. The domestic Shanghai and surrounding epidemic situation on the supply of medium and large size display panels has little impact, in addition, panel factories have not yet reduced production action, panel manufacturers' aggressive mass production plans and high momentum rate, resulting in huge market supply, it is expected that the second quarter panel price decline trend will continue, but the decline will slow down. The 618 promotion cycle in the Chinese market will open in pre-sale in 20 days, as the engine of the global TV industry, it deserves the optimistic attention of the industry. For detailed price data on TV panels, please refer to the "May LCD TV Panel Price Forecast and Volatility Tracking" released by LOTTO Technology (RUNTO).
March 2022 global LCD TV panel factory shipment ranking
Source: LOTTO Technology (RUNTO), unit: 1,000 pieces
RUNTO's "Global LCD TV Panel Market Monthly Tracker" contains monthly updates on the size of LCD TV panel market shipments, sub-vendors/size/resolution/technology, and also includes market hotspot information, price trends and changes.