BOE to become world’s largest flat-panel display manufacturer in 2019

June 11, 2019 //By Julien Happich
flat-panel display
According to market research firm IHS Markit, BOE’s share of flat-panel display (FPD) production capacity in 2019 is projected to rise to 17.7 percent, edging out LG Display for the first time ever and marking another milestone in China’s march to dominance in the global flat-panel display market.

According to IHS Markit›s figures, in 2019, BOE will expand flat-panel display production capacity to more than 59 million square meters as it ramps up production at its B9 Gen 10.5 LCD factory and its B11 Gen 6 flexible AMOLED fab. With plans to build even more LCD and AMOLED factories, BOE will solidify its leadership position in the coming years, with more than 78 million square meters of capacity and a 21 percent market share in 2023, 30 percent more than any other manufacturer. This represents rapid progress from just a 10 percent market share four years ago, with capacity rising at a compound annual growth rate of 15.7 percent during the period from 2015 through 2023.


China ascends the global flat-panel ranks

Before 2011, China’s front-end FPD production capacity was negligible, while Korea accounted for almost 50 percent of the global market. However, backed by wide-ranging central government policy support and regional government financial assistance, China rapidly increased its share to 23 percent by 2015. In 2019, China’s capacity has risen to more than 153 million square meters or 46 percent of the total, compared to 24 percent for both South Korea and Taiwan, according to the AMOLED and LCD Supply Demand & Equipment Intelligence Service by IHS Markit.

With five Gen 10.5 factories expected to be in full production by 2023, China will control FPD production, with 62 percent of worldwide capacity, almost four times as much as any other region.

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