In the field of global display technology, OLED (organic light-emitting diode), as a high-end display technology, is gradually becoming the vane of the new generation of display industry. However, competition in this area is also intensifying, especially between China and South Korea. In recent years, with the rapid rise of China's OLED industry, South Korea's position in the global OLED market is quietly changing.
In 2020, South Korea occupies an absolute dominant position in global OLED production, with a market share of up to 90%, making it occupy a pivotal position in the global display industry chain. However, just three years later, in 2023, the landscape has changed dramatically. According to statistics, South Korea's OLED production accounted for 53% of the world's total production, while at the same time, the market share of Chinese OLED manufacturers such as BOE, Shenzhen Tianma, Visionox, etc. soared from less than 10% in 2020 to 43%. This increase and decrease not only reflects the competitive situation between China and South Korea in the OLED industry, but also indicates a new round of reshuffle in the global display industry.
The rise of China's OLED industry is not accidental. In recent years, with the support of national policies and the growth of market demand, China's display industry chain has been continuously improved, and the technical level has been steadily improved. BOE, Shenzhen Tianma, Visionox and other companies have gradually emerged in the global OLED market by virtue of their advantages in technology research and development, production scale, cost control, etc. Especially driven by emerging industries such as 5G, Internet of Things, and smart home, China's OLED industry has ushered in unprecedented development opportunities.
However, the rise of China's OLED industry is undoubtedly a huge challenge for South Korea. For a long time, South Korea has dominated the global OLED market with its leading display technology and mature industrial chain. But with the rapid rise of Chinese companies, South Korea's market position is beginning to be threatened. This threat is not only reflected in the decline of market share, but also in the gradual weakening of South Korea's influence and voice in the global display industry chain.
For the United States, the changing status of South Korea cannot be ignored either. As an important ally of the United States in the Asian region, South Korea has always been an important partner of the United States in the global economic and technological fields. However, with the rapid rise of China in areas such as OLED, the United States is gradually becoming less dependent on South Korea. Such changes may not only affect the strategic layout of the United States in the global economic and technological fields, but may also have a far-reaching impact on US-ROK relations.
Of course, we must also see that although China's OLED industry has made remarkable achievements, there is still a certain gap compared with developed countries such as South Korea. In terms of technological innovation, brand building, market expansion, etc., China's OLED industry still needs continuous efforts. At the same time, with the continuous expansion of the global OLED market and the intensification of competition, China's OLED industry is also facing challenges from other countries and regions.
In the future, the competition between China and South Korea in the field of OLED will intensify. But regardless of the outcome, this competition will drive the progress and development of the global OLED industry. At the same time, we also expect China's OLED industry to continue to grow in the competition and bring more high-quality, high-performance display products to global consumers.
In short, the competition between China and South Korea in the field of OLED is a typical case of industrial competition, reflecting the latest development trend of the global display industry. In this competition, China's OLED industry has shown strong development potential and competitiveness, while South Korea is facing unprecedented challenges. In the future, how the competition between the two countries will evolve and where the global display industry will go, these are worthy of our continued attention and expectation.