English
1. As the first step in the rise of China's semiconductor industry, panels will enter a golden period of development
As a capital-intensive and labor-intensive industry, the panel industry has high entry threshold requirements and needs to rely on policy and financial support. After decades of development, my country's panel industry has developed rapidly with the comprehensive support of national policies, funds and technologies, accounting for nearly 70% of the global LCD panel market, becoming the world's largest concentration of panel industries, and successfully washing out Japan and South Korea. The backward production capacity of Taiwanese manufacturers got rid of the historical problem of being stuck. The success of the mainland's LCD panel industry from scratch is the first step in the rise of China's semiconductor industry. The development of the panel industry is not only an economic need, but also a national industrial security need. With the gradual increase of the voice of leading domestic panel manufacturers in the panel industry, the panel industry in mainland China will usher in a golden period of development in the future.
2. Industry transfer The share of domestic panels has increased, and the industry has entered a fast-growing channel
The display panel industry is shifting to China, and the voice of domestic manufacturers continues to increase. After 30 years of industrial development, panels have gradually concentrated from Japan, South Korea, and Taiwan to mainland China. Driven by domestic panel manufacturers such as BOE, TCL CSOT, Shenzhen Tianma and Visionox, the share of panels in mainland China has continued to rise. With the withdrawal of Korean factories in the LCD field, the domestic 10th/11th generation lines are in full production, BOE and TCL Huaxing have a global share of more than 40%, and the LCD market share in mainland China will reach more than 60% in the future. At present, LCD will still be the mainstream technology in the future in terms of technology and cost, and the future profitability of domestic leaders is highly certain; while in emerging fields such as Mini LED/OLED, domestic manufacturers are speeding up to catch up, and customers are progressing smoothly, which will drive the overall market. The industrial chain has entered a fast-rising channel.
3. In the hundreds of billions of material market, the process of domestic substitution is accelerating
Display materials are an important part of the display industry. Compared with Japanese and Korean manufacturers, the development of domestic display material industry started relatively late, and the technology is relatively backward. The global display material market is expected to be about 300 billion yuan, including glass substrates, polarizers, color filters, driver ICs, etc., and the domestic share is relatively low. We expect that with the gradual concentration of the panel industry to the mainland, domestic leading manufacturers will have the right to speak in the industry, which will accelerate the process of domestic substitution in the industrial chain. The overall prosperity of the overlay panel industry is on the rise, and we believe that domestic panel material manufacturers will benefit in the long run.
