#Industry News
Chinese LCD panel manufacturers’ Automotive LCD Display Market Share Reaches 45% in the first half of 2023
In the first half of 2023, BOE stood out as the only panel supplier with a market share of more than 15%. Tianma Microelectronics follows with a market share of 13.8%.
BOE and Tianma Microelectronics were the main contributors to the growth, with a combined share of 30.7%.
In the first half of 2023, BOE stood out as the only panel supplier with a market share of more than 15%. Tianma Microelectronics follows with a market share of 13.8%.
At the same time, IVO occupied 6% of the market share, successfully replacing Truly and becoming the third largest Chinese supplier.
CSOT’s market share is growing rapidly and it is expected to become a new star in the industry in the near future.
Currently, Chinese suppliers dominate the a-Si LCD panel market, accounting for 55.5% of the market, but their share of the LTPS LCD panel market is relatively small.
BOE is the only Chinese supplier that can mass-produce OLED automotive display panels, with a market share of 17.8%.
It has two 8.6-generation TFT LCD panel factories (a-Si and Oxide) and two 6-generation OLED panel factories. The first-generation OLED panel factory can provide platform models with better prices, so it has sufficient ability to meet the needs of the automotive display panel market.
In addition to BOE, Huike, Tianma Microelectronics and CSOT also plan to allocate a certain number of 8.x generation a-Si/Oxide LCD panels for the automotive display field.
Following CSOT, BOE and Tianma Microelectronics plan to transfer more LTPS LCD panel production capacity from smartphone panels to automotive panels.
Except for BOE and Hehui Optoelectronics, Tianma Microelectronics, CSOT, and Visionox also plan to produce OLED automotive display panels.
Chinese companies’ advantages in cost and production capacity will continue to allow them to dominate the automotive display panel market.
Shenzhen Hongguang Display Co., Ltd. (Hongguang Display) is an LCD display company that closely follows the development trends of the country and major manufacturers. As a member of the LCD industry, Hongguang Display is committed to continuously improving its technical strength and production capabilities to meet market demand and maintain competitiveness.
With the rapid development of smart technology and the popularity of smart products, LCD screens play an important role in various fields.
Hongguang Display also pays attention to changes in market demand and analysis of industry trends, and flexibly adjusts product structure and industrial layout. The company actively participates in the automotive display field, seizes the opportunities of automotive intelligence, and develops and produces high-quality display products adapted to the automotive environment.
At the same time, it is also paying attention to development opportunities in other fields, such as consumer electronics, medical equipment, industrial control, etc., and continues to expand application fields and expand market share.
As a company with innovative spirit and market sensitivity, Hongguang Display not only focuses on technological innovation of products, but also focuses on service improvement.
It has established a complete pre-sales consultation and after-sales support system to provide customers with a full range of technical support and solutions.
Adhering to the principle of honest management, establish long-term cooperative relationships with customers, and grow and develop together.
