By 2020, Chinese technology maker BOE was responsible for most of the market for LCD panels for smart TVs, surpassing LG Display and becoming a leader in the segment for the first time, according to a survey by the British research company Omdia.
This leadership is expected to be extended: BOE reached maximum production capacity for this type of screen in the first quarter of this year. This, however, is not the BOE’s first victory in the technology manufacturing business; the company also surpassed giant Samsung in smartphone screen production in 2020.
The survey showed that BOE’s share of the LCD market was 22.9% in 2020, an increase of 2.2% from 2019 data. LG Display, which used to lead the segment, registered a 17.2% dominance in 2020, a reduction of no less than 6.7% compared to 23.9% in 2019.
Third place in the top three of the largest manufacturers of LCD displays was taken by Taiwanese company AU Optronics, which controls 11.9% of the market.
Cumulatively, these three brands accounted for 52% of the entire LCD screen market in 2020. In addition to BOE, however, there is another Chinese company in the top five on the list: TCL, which saw a 2.5% increase in sales for the year. past and dominated 8.8% of the market, replacing Samsung in fifth place.
It is also worth mentioning that, according to a survey carried out by the research company CINNO Research, sales of LCD panels for TVs reached the amount of 130 million units during the first half of 2021.
This represents a growth of 2.5% compared to the same period in 2020. The LCD screen market will likely set a new record and Chinese manufacturers will be responsible for most of it.