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Korean media: China's two major panel giants will account for 52% of the global LCD market
Korean media: China's two major panel giants will account for 52% of the global LCD market
Recently, Korean media quoted data as saying that it is expected that by 2027, China's "two major panel giants" will account for a combined 52% share of the global LCD market.
CSOT accounted for 17.8% of global LCD panel production capacity last year. The Guangzhou factory can produce up to 210,000 8.5-generation LCD TV panels per month, enhancing CSOT’s manufacturing capabilities.
2. Acquisition of LG Display Guangzhou factory
If the acquisition proceeds as expected within this year, CSOT’s production share is expected to rebound to 19.7%, and is expected to further grow to 25% by 2028.
3. China’s display market dominance
This move is part of a larger trend of Chinese companies increasingly dominating the display market. In the first quarter of this year, China accounted for 49.7% of total OLED shipments, surpassing South Korea's 49% for the first time.
4. LCD market structure changes
Korean media said that the global LCD market is expected to shift to a duopoly dominated by China’s two major companies CSOT and BOE. The two companies are expected to account for 52% of total production share by 2027. By comparison, LG Display's share was 6.2% last year and is expected to plummet to 1.8% by 2027.
BOE
Korean media believes that this change is of great significance. Global LCD panel market revenue is expected to reach $79.3 billion this year. Historically, Korean companies such as LG Display and Samsung Display have led the market, but China's aggressive expansion and strategic acquisitions are changing the balance of power.
The above is the detailed content of Korean media: China's two major panel giants will account for 52% of the global LCD market. For more information, please follow other related articles on the PHP Chinese website!
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