China close to South Korea in display panels
To almost have equal market share in 2021
China’s display industry will have level market share with South Korea this year, according to Omdia.
China’s panel sales will reach US$42.5 billion this year with a market share of 36.3%%, the research firm said.
South Korea, meanwhile, is expected to post sales of US$43.6 billion this year for a market share of 37.3%.
Last year, South Korea controlled a market share of 40.1% with sales of US$44.1 billion, while China had 31% with sales of US$34 billion.
South Korea’s sales this year will drop 1.1% from 2019 but China’s will increase by 25%.
Half of South Korea’s 2019 sales in display panels came from OLED. South Korea had a market share of 88.4% in OLED while China only had 10.1%.
China has been ahead of South Korea in LCD since two years ago.
China will start its 14th 5-year plan this year that will last until 2024. It is planning to develop core materials and equipment on its own to develop its own, localized supply chain.