China OLED panel market share breakthrough 13 in 2020 frightens South Korea

According to businesskorea, the Korean media reported that the market share of OLED panel of Chinese manufacturers in 2020 exceeded 13, which shocked the OLED industry in South Korea.

According to a report released by the Korean Display Industry Association recently, China panel factory accounted for 13.2 in the global smartphone AMOLED panel Market in 2020, which was benefited by the subsidy policy of the Chinese government, breaking through the top 10 for the first time. In 2016, the market share of China’s panel factories was only 1.1, but it jumped to 9.8 in 2019, and the trend of catching up with the market was rapid.

China OLED panel market share breakthrough 13 in 2020 frightens South Korea

The data show that the share of BOE has risen from 0.1 to 8.8 from 2017 to 2020. In 2020, Beijing Oriental successfully entered the apple supply chain through strict testing by apple. Since the second half of 2020, it has become a supplier of iPhone 12.6.1 inch OLED panel.

In addition to Beijing Oriental, China panel factories such as csot, Tianma and Hehui Optoelectronics (EDO) have also actively expanded their investment. At present, more than 20 OLED production lines under construction or planning in China have been achieved.

Although there is still a big gap between China panel factory and South Korea factory, the report points out that, although there is still a big gap between China panel factory and South Korea factory, China panel manufacturers have unparalleled price advantages, and the share of panel manufacturers in the world is rising.

Three years ago, Chinese panel manufacturers obtained government subsidies, expanded LCD panel capacity, actively seized the market with price war, offered a price 30 lower than Samsung, and successfully won the global LCD market leader, but also led to a sharp decline in the price of large LCD panels. In August 2018, the price of 55 inch 4K LCD panel was US $192 (about 1250 yuan), but fell to $100 (about 650 yuan) in december2019.

Although Chinese panel manufacturers such as Beijing Orient are catching up in OLED field, Korean panel manufacturers still occupy more than 80 market share of OLED market.